BNB Groupe, A big group in Kinshasa, Democratic Republic of Congo is looking to hire Group CFO.

BNB is into Retail Super Market, Wholesale FMCG, Wholesale Pharma, Construction and Entertainment.

Looking for Candidates from Retail and Construction experience. A Qualified India CA with min 20 years of experience and currently in the position of CFO.

PRIMARY/SHORT TERM RESPONSIBILITIES :

1. Establish & Strengthen SBU level biz feasibility structure and practices.

2. Understand the current systems and processes in place and set up budgeting, cost control, financial analysis. Map and standardize across the organization

3. Streamline the accounts and finance department at corporate & SBU level

4. Complete a thorough risk analysis of the organization

5. Start identifying and researching into optimal long term structure and systems

6. Create accountability and a team environment in the department

SECONDARY/LONG TERM RESPONSIBILITIES :

1. Establish group structure/Capital structure. Liaise with subject matter experts and create a plan/strategy at group level

2. Mentor SBU CFOs/ F & A teams

3. Identify 3-5 key processes that need to be improved based on the risk analysis and commence executing these improvements

4. From 1 & 2, bring efficiencies in the organization that is reflected on the bottom line

5. Build SBU wise financial performance analysis

1. Accounting

a. Ensure accounting standards are being followed

b. Place controls in place and monitor them

c. Ensure duties are allocated and accountability is developed in the department

d. Study and streamline processes and bring efficiencies in the organization

e. Ensure reconciliations are regular

f. Ensure management reports capture the required information across the whole group and a consolidated picture can be provided.

2. Forecasting, Budgeting & Cash Flow

a. Develop systems to use historical information to forecast for short term purposes

b. Use the above information to plan ahead on an annual basis

c. Review and identify this forecast vs actual to determine lapses

d. Create accountability for budgeting in the various depts. and review the budgets on a monthly basis

e. Create uniformity across SKU's or cost centres across the organization to better manage information.

f. Develop processes and systems for effective cash flow management.

3. Cost Control

a. Identify current cost control mechanisms in the organization

b. Identify methods and processes by which a reduction in costs can be realized operationally.

c. Train staff to undertake operational works with cost control in mind

d. Work with the team to implement new cost control mechanism based on Kaizen and other lean based theory.

4. Tax

a. Maintain an expert knowledge of taxation regulations, law and current practices

b. Review the whole group structure and methods by which we can be more tax efficient

c. Strategize, plan and implement in consultation with experts how to minimize tax liabilities for the group.

5. Risk Management

a. Constantly identify key risks to the organization with regard to finance, tax, accounting, insurance, cost control, contractual and other functions.

b. Conduct a risk analysis and plan strategies for mitigation of these risks

c. Implement risk mitigation strategies in the organization

d. Review and understand all the company liabilities incl. contractual, leases, insurance, loan covenants etc.

6. Group Structure/Capital Structure

a. Review the complete group structure and assets of the organization at present

b. Liaise with experts to plan how we can improve the group structure for ease of management, planning and reporting and bring efficiencies within the group.

7. Finance

a. Review our financial status incl. usage of assets, financing costs, cash flows, options for financing, liquidity etc

b. Develop mechanisms to ensure efficient use of finance within the organization i.e. ROI ratios, or ROA ratios that can be implemented

c. Identify methods on how we can optimize and reduce our financing costs, what are our collaterals, what is the risk associated with finance, how this can be reduced and controlled.

d. Create a long term finance strategy for the organization.

8. Innovation

a. Always try to improve the organization and department every single day

b. Challenge the Status Quo and identify ways to innovate and implement these

c. Keep up to date with new technology, processes and knowledge

Develop innovative processes and systems that take account of local environmental conditions and are adaptable.

9. Team Building and Culture Development

a. Create a culture that embodies the company values in the team

b. Develop, Mentor and train team members to maximise their potential

c. Develop accountability and create tasks and goals.

10. Dealing with External Stakeholders

a. Represent the company to key external stakeholders in a professional manner

b. Ensure negotiations are completed achieving company objectives.

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