Chief Finance Officer - Pharmaceuticals

SUMMARY

Assist in formulating the groups future direction and supporting new initiatives.

The chief financial officer position is responsible for the administrative, financial, and risk management operations of the group, to include the development of a financial and operational strategy, parameters tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. Principal accountabilities are:

Planning

1. Assist in formulating the company's future direction and supporting tactical initiatives

2. Monitor and direct the implementation of strategic business plans

3. Develop financial and tax strategies for the group

4. Lead the budgeting process of all the companies within the group of and ensure that they fall within approved guidelines, company strategies and projections

5. Develop performance measures that support the company's strategic direction, e.g stock days, debtors days, profitability,

6. Analyse and approve any large expansion projects/ capital expenditure

Operations

1. Participate in key decisions as a member of the executive management team

2. Maintain in-depth relations with all members of the management team

3. Manage the accounting, legal, tax, and treasury departments

4. Oversee the financial operations of subsidiary companies and foreign operations

5. Manage any third parties to which functions have been outsourced

6. Oversee the company's transaction processing systems

7. Implement operational best practicesHarmonise all financial and accounting policies/functions within the group

8. Oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package

9. Supervise acquisition due diligence and negotiate acquisitions

10. Review and approve tax plans submitted by the individual companies financial controllers

Financial Information

1. Report financial results to the board of directors

2. Develop financial markers to monitor the performance of the group companies e. g. stock levels, debtor days, profitability

3. Review and approve monthly management accounts before presentation to the BOD for the group companies

Risk Management

1. Understand and mitigate key elements of groups( each company) risk profile

2. Monitor all open legal issues involving the group, and legal issues affecting the industry

3. Construct and monitor reliable control systemsEnsure that there there are adequate financial controls at all levels

4. Ensure that the group complies with all legal and regulatory requirements. To be aware of all tax laws and any other legal requirements affecting the group.

5. Ensure that record keeping meets the requirements of auditors and government agencies

6. Maintain relations with external auditors and investigate their findings and recommendations

7. Group insurance

Funding

1. Monitor cash balances and cash forecasts

2. Arrange for debt and equity financing

3. Invest funds

Third Parties

1. Maintain banking relationships

2. Represent the company with investment bankers and investors

Supervises:

1. FinancialController, Tax Manager