Chief Financial Officer CFO

Monarda Commodities Limited Verified

Karachi , Pakistan

Posted Feb 13, 2019 518 views Report Job

PKR. 100,000 - 200,000/Month

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Job Description

 

  • Assess and evaluate financial performance of organization with regard to long-term operational goals, budgets and forecasts.Provide insight and recommendations to both short-term and long-term growth plan of organization.
  • Communicate, engage and interact with CEO, 
  • Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.
  • Recruit, interview and hire finance, accounting and payroll staff as required.
  • Serve as a key member of executive leadership team and round table discussion panel.
  • Participate in pivotal decisions as they relate to strategic initiatives and operational models.
  • Interact with and bring department into line with Board of Directors’ plans, initiatives and recommendations.
  • Implement policies, procedures and processes as deemed appropriate by senior leadership team.

 

Financial Analysis, Budgeting and Forecasting

  • Prepare and present monthly financial budgeting reports including monthly profit and loss by division, forecast vs. budget by division and weekly cash flow by division.
  • Review and analyze monthly financial results and provide recommendations.
  • Identify, develop and execute analysis of business initiatives, product launches and/or new service offerings.
  • Develop and maintain monthly operating budget and annual company operating budget.
  • Manage financial planning and analysis department. Supervise creation of reports, software implementation and tools for budgeting and forecasting.
  • Participate in weekly conference calls with Lenders, Vendors and Executive Leadership Team.

Accounting, General Ledger, Administration and Operations

  • Supervise the accounting department to ensure the proper functioning of all systems, databases and financial software. Provide regular maintenance and backup of all accounting systems and supervise company financial staff.
  • Ensure timeliness and accuracy of financial and management reporting data for federal funders, foundations, investors and company’s board of directors.
  • Oversee the preparation and communication of weekly, monthly and annual financial statements.
  • Oversee the preparation and timely filing of all local, state and federal tax returns.
  • Oversee the month-end close process, constantly reviewing procedures while eliminating inefficiencies.
  • Oversee preparation of monthly, quarterly and annual financial statements.
  • Review all month-end closing activities including general ledger accounts, balance sheet accounts and overhead cost allocation.
  • Enhance and implement financial and accounting systems, processes, tools and control systems
  • Hire, develop and manage accounting directors, managers and staff
  • Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
  • Coordinate and strategize methods used to attain team goals with Chief Accounting Officer and Regional Controllers.

 

Financial Management

  • Manage cash flow planning process and ensure funds availability.
  • Oversee cash, investments and asset management area.
  • Explore new investment opportunities and provide recommendations on potential returns and risks.
  • Maintain outstanding banking relationships and strategic alliances with vendors and business partners.
  • Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.

 

Financial Relations and Policies

  • Engage finance committee and/or board of directors to develop short term and long term plans, projections and budgets.
  • Represent company to banks, financial partners, institutions, investors, public auditors and officials.
  • Remain current on audit best practices as well as state, federal and local laws regarding company operations.

 

Finance and Accounting Team Management

  • Mentor and develop a team of 6 senior managers and/or directors, managing work allocation, systems training, performance evaluations, and the building of an effective and efficient team dynamic.
  • Guide larger, cross-divisional teams outside of direct span of control within the three main company divisions.

 

Cash Management

  • Oversee weekly cash management and AP Department, approve large payables, sign checks, authorize large wires and ACHs
  • Supervise Accounts Receivable management and provide guidance relating to the collection process

 

Chief Financial Officer (CFO) – Position Requirements

  • CAA/ACCA/MBA Required
  • MBA from top 10 business school preferred
  • Background in Big 4 Public Accounting
  • 6 years minimum experience as a CFO in a large (Rs 4 Billion million+),  traded corporation.
  • 14+ years total accounting or finance experience
  • Background coordinating with I.T. staff to manage and/or upgrade accounting system. Systems implementation experience strongly preferred.
  • Outstanding communication and presentation skills.
  • Demonstrated leadership ability, confidence and executive presence – ability to motivate staff.
  • Excellent analytical, reasoning and problem-solving skills
  • Significant experience working with external auditors, internal controls and compliance-related issues.

 

Job Details

Total Positions:
1 Post
Job Shift:
First Shift (Day)
Job Type:
Full Time/Permanent
Job Location:
Gender:
No Preference
Minimum Education:
Masters
Degree Title:
mba/ca/acca
Career Level:
GM / CEO / Country Head / President
Minimum Experience:
10 Years
Apply Before:
Mar 12, 2019
Posting Date:
Feb 13, 2019
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Monarda Commodities Limited

Fast Moving Consumer Goods (FMCG) · 101-200 employees - Karachi

Monarda Commodities Limited

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