Main Scope
The CFO is the top-level financial controller, mainly responsible for defining organizational goals, planning, implementation, managing and running of all the finance activities of the company including tracking of cash flow and financial planning as well as analyzing the company\'s financial strengths and weaknesses and proposing corrective actions. He as well oversees the activities of the other shared services within the organization including Information technology department, costing department and Human Resources department, ensuring that the resources of the organization are utilized in the best way possible, and the company has the best resources to perform and achieve the required results according to the company\'s internal system and the government’s laws and regulation.
Duties, Responsibilities & Authorities
Assist the management in defining organizational goals and in developing a strategic direction and positioning to ensure the company\'s success.
Create, coordinate, and evaluate the financial controls and supporting information systems of the company.
Recommend and approve to the management proposed changes and improvements to disclosure controls and procedures and internal control over financial reporting.
Ensure that effective internal controls are in place and take steps to enhance, where necessary, the internal control systems within the Company.
Keep the Management aware of the financial position and financial development of the Company.
Develop appropriate key performance indicators to monitor and drive the financial performance of the Company.
Ensure proper training of all personnel working under his supervision.
Oversee and monitor the Company’s financial position, banking and financing activities and capital structure and monitor the respect of banking and financial covenants and hedging arrangements, as applicable.
Ensure the adequacy of the Company’s insurance coverage.
Cost monitoring and control of product cost and project cost
Driving and monitoring the value engineering of all products
Oversee the HR activities from hiring, employee engagements, policies and employee benefits to ensure the highest standards of transparency and fairness are given to company’s employees.
Coordinate the preparation of the Company’s financial statements and management discussion and analysis (annual and interim)
Review and approve, in consultation with the management, the Company’s annual and interim earnings releases, financial statements and management discussion and analysis.
Coordinate the annual audit (and any special or non-recurring audit) with the Company\'s external auditors.
Coordinate the review, and liaise with the external auditors as required, of all financial information disclosed in any offering documents of the Company.
Communicate transparently and collaborate to the fullest extent possible with the Company’s external auditors.
Oversee the Company\'s processes for identifying, assessing, and managing the principal risks of the Company\'s business.
Power & Authorities:
The CFO has the right and absolute authority to evaluate and review all work-related documents, impose administrative penalties, approve salaries and payroll, compensation, allowances, bonuses and incentives for the employees of the company.
The CFO has the absolute right to take all decisions that will ensure improvement in organization performance and improvement of business results within the scope of his responsibility, after evaluating the organizational and legal dimensions of these decisions and he is fully responsible for them.
The Person
Education Level
Bachelor\'s degree in Economics, Trading or Accounting from an internationally accredited university.
Preferably with a CPA, CMA or CFA certification with 15 to 20 years of experience in a reputable organization.
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