Leading indian pharmaceutical company requires Chief Financial Officer - Algeria

One of our client a global pharmaceutical company established almost 60 years ago operating in over 9 countries headquatered in Mumbai .The client is committed to providing high-quality and cost-effective products to our customers through innovation and science. This is our constant endeavor to continually improve our standards and quality to match or exceed our customers expectations.In addition to manufacturing, we work with our global partners to innovate new technologies and develop new products & finished formulations as per their requirements. We offer a wide array of products & services with high standards of QA/QC and robust regulatory support.

We are looking out for Chief Financial Officer ( CFO) for the client subsidiary in Algeria

PFB the JD and details:

Job Description: Chief Financial Officer (CFO) Algeria Subsidiary

Position Overview:

- The CFO of the Algeria subsidiary is responsible for overseeing all financial operations, ensuring compliance with local regulations, and aligning with the strategic and financial goals set by the India-based parent company. This role involves close collaboration with the Parent companys CFO, the local leadership team, and external stakeholders to drive financial performance, manage risks, and support business growth in Algeria. This role is based out of Oran city in Algeria. Further, there are 2 entities to be managed as CFO, SARL Continental Pharm (Manufacturing Plant) and

SPA Prime Pharmaceuticals (Subsidiary of Prime Pharmaceuticals Pvt. Ltd. India).

Key Responsibilities:

1. Financial Strategy and Planning

- Develop and execute financial strategies that align with the Parent Companys goals and the subsidiarys business objectives.

- Provide financial forecasts, budgets, and strategic plans to guide decision-making.

- Monitor key performance indicators (KPIs) and recommend actionable measures.

2. Financial Reporting and Compliance

- Ensure accurate and timely financial reporting in accordance with local GAAP, IFRS, and Parent company guidelines.

- Liaise with auditors, tax authorities, and regulatory bodies to ensure compliance with local laws and international standards.

- Prepare financial statements and reporting packages for submission to the parent company.

- Implement robust internal controls to safeguard the companys assets and financial integrity.

3. Treasury and Cash Flow Management

- Manage the subsidiarys treasury operations, including cash flow planning, banking relationships, and working capital optimization.

- Ensure efficient currency management and compliance with foreign exchange regulations.

4. Cost Optimization and Operational Efficiency

- Drive cost control initiatives to optimize profitability and improve operational efficiency.

- Analyze cost structures and identify opportunities for value creation and process improvement.

5. Collaboration with Parent Company

- Act as a key liaison between the Algeria subsidiary and the India-based parent companys finance team.

- Align financial processes, policies, and reporting standards with the parent companys requirements.

- Provide regular updates and insights to the parent companys CFO regarding financial performance and challenges.

6.Leadership and Team Development

- Lead and mentor the local finance team to build a high-performing department.

- Foster a culture of accountability, collaboration, and continuous learning.

Strategic Business Partnering

a.- Collaborate with local business leaders to support strategic initiatives and business growth.

b.- Provide financial insights to support decision-making on investments, expansions, and other key
projects.

Qualifications and Experience:

Education: Chartered Accountant (CA), Certified Public Accountant (CPA), MBA ( FINANCE), or equivalent qualification

Experience:

- Minimum of 12-15 years of experience in finance, with at least 5 years in a senior leadership role.

- Experience in multinational companies, preferably in the manufacturing or pharmaceuticals sector.

- Familiarity with Algerian financial regulations and international reporting standards.

Skills:

- Strong financial acumen and strategic thinking.

- Excellent communication and interpersonal skills to engage with cross-functional teams and global stakeholders.

- Proficiency in ERP systems (SAGE) and financial tools.

- Fluency in English and French (preferred).

Key Relationships:

Reports to: CFO of the India-based parent company and GM Algeria Direct Reports: Local finance and accounting team (Headcount 3 currently).

Internal Stakeholders: General Manager, Operations, Sales, and HR teams in Algeria.

External Stakeholders: Auditors, tax authorities, banks, and local regulatory bodies.

Working days: 5 day work week with Friday and Saturday as week off.