Role Objectives - Immediate /Short Term - Understand and improve current systems and processes in place in accounting, budgeting, cost control, financial analysis etc. Map and standardize across the organization - Streamline the accounts and finance department at corporate & SBU level - Complete a thorough risk analysis of the organization and recommend risk mitigating plans - Start identifying and researching into optimal long-term structure and systems - Create accountability and a team environment in the department - Establish group structure/ Capital structure. Liaise with subject matter experts and create a plan/ strategy at group level - Mentor SBU F & A teams - Identify 3-5 key processes that need to be improved based on the risk analysis and commence executing these improvements - Bring efficiencies in the organization that is reflected on the bottom line - Build SBU wise financial performance analysis. Job Responsibilities: Planning & Forecasting: - Work with the senior leaders on the strategic vision of the organization including cultivating and fostering strategic relationships and potential alliances, engage in the growth agenda; Collaborate with senior leaders on operational and strategic issues as they arise, provide strategic recommendations based on financial analysis and projections, and revenue/ expense analysis. - Paly a leading role in developing strategic plan for the Organization, its implementation and continuous monitoring. - Collaborate across functions on developing the operating budget and rolling forecast; Budgetary control - Regular monitoring of Opex/Capex and monthly reporting on variances & reasons/action plan; Reviewing and analyzing operational MIS, trends, and key performance indicators of all functions - Develop and promote a framework to drive financial acumen and accountability across the organization, - Develop cost structure for each revenue stream; Align costs with performance - Monthly reporting on alignment initiatives. Operations: - Review existing SOPs, ensure its completeness. Ensure these are based on best business practices and aligned to current business realities. Suggest improvements, review automation levels and control aspects in various processes. - Review existing ERP setup (SAP), processes implemented, quality of implementation, additional processes which can be automated and recommend general improvements. - Monitor manufacturing operations, effectiveness of BOM, manufacturing variance, costing and pricing of products - Identify current cost control mechanisms in the organization, Identify methods and processes by which a reduction in costs can be realized operationally. - Review existing delegation matrix, recommend changes to improve efficiency. Ensure controls are in place for proper adherence to the matrices and system to escalate deviations in time. - Review cash flow forecast with focus on next 3 months based on the business realities and submit to Group Treasury etc. Regular review of funds position, escalate issues and take proactive actions on meeting cash flow gaps in consultation with senior management. Lower cost of financing by suggesting alternate and creative ways of raising funds. - Assisting Business Unit Heads in meeting budgeted targets, detailed performance review of each line of business/product incl. devising revenue and pricing strategies for each stream of revenue and discuss & guide profit centre heads in achieving targets. - Continuously review AP terms; Participating and add value in commercial negotiations with vendors, contractors, customers etc. as and when required and negotiate for the best terms that will lead to long term financial benefits. - Review manufacturing performance, analyze and draw action plan on variances - material, price variances, labour and plant efficiency etc. Propose to Management avenues to improve ROI and margins. - In conjunction with Sales & Marketing Team, oversee the credit control function in line with Group credit and financial policies; Regular review of A/R ageing, setting up and periodic review of credit limits and monitor movements. Timely action for recovery of overdue/ doubtful debts. - Inventory Review & Control; monitor levels, ageing and sales patterns. Escalation for timely actions on slow/non-moving and to liquidate old stocks; Ensure adequate provisioning of inventory in books of accounts. - Adequate provisioning as per policy and regular monitoring and escalation on impairments of receivables, payable, inventory, advances, investments, assets etc. Financial Information / Reporting: - Directs the preparation of all financial reports, ensure proper accounting and costing systems that facilitate recording and production of accurate and timely financial and costing information; - Assists Group CFO in implementation of IFRS in the business unit and manages the change process with all stake holders. - Ensure system compliance with statutory requirements with respect to information, language and reports. - Monitoring of day-to-day financial operations of the company, review delays, lapses and bottlenecks in operations; Proactively initiate necessary remedial steps and changes in processes, systems etc. to avoid occurrence /reoccurrence. - Ensure "Day/Month/Year close" procedures & checklists are in place, adequately implemented/communicated to all concerned and adhered to. This should include both financial as well operational tasks and functions and should include wide spectrum of reconciliations e.g. Bank, Suppliers, Customers, inventories, assets etc. - Reports financial status (GM percentage & NP goals) by developing sales forecasts & analysis of sales pipelines, store analysis, reporting results, analyzing variances, developing improvements. - Work with banks, financial institutions to secure project funding, loans with focus on minimizing cost of funds. - Coordinate with statutory and internal auditors for the audit and ensure unqualified reports. - Supervise the preparation of monthly financial statement, Analyze the variance from the budget and prepare corresponding justification report to the Management. Submission of the MIS reports with a detailed briefing on the various operations of the group to the Chairman & Group CFO on a regular basis. - Coordinate with Tax Accountant and ensure all details with respect to updating of tax accounts and Taxes etc. are provided in time and legal filings are done in time. Strategize, plan and implement in consultation with experts how to minimize tax liabilities for the group. Risk Management: - Constantly identify key risks to the organization with regard to finance, legal/tax, accounting, insurance, cost control, contractual and other functions. Document identified risks and develops risk matrix of the Group and possible mitigating plans and actions. - Construct and monitor reliable control systems within the group to safeguard various assets, including data & information) of the group. Regular review of these and ensure corrective measures are implemented for cases where the control weaknesses are identified. - Review internal audit plan and reports and ensure all observations of the auditors are settled and agreed actions are implemented. Maintain relations with external and internal auditors investigate and implement their findings and recommendations - Monitor all open legal issues involving the company, and legal issues affecting the industry. - Maintain appropriate insurance coverage for all properties and assets owned by the group. Generate awareness re various policy covenants and ensure adherence to these to an acceptable level. - Monitor all legal filing are done in time and ensure that the company complies with all legal and regulatory requirements. Innovation: - Always try to improve the organization and department every single day - Challenge the Status Quo and identify ways to innovate and implement these - 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. Organization: - Effectively lead the team by hiring and retaining top-grade talent. Ensuring all staff has proper JDs and KRAs and these are communicated and understood by all. - Evaluation of the finance team, plan for innovation and continual improvement as well as providing individuals with professional and personal growth with emphasis on opportunities (where possible) of individuals. - Training of accounting Team on accounting, legal issues and ERP related matters - Build strong relationship with peers and others departments; provides financial insight and financial counselling on various operational matters to operations Team. Qualifications & Desired Skills: - A qualified Chartered Accountant, CA. - At least 15+ years of progressively responsible experience for a major manufacturing organization, preferably in a process manufacturing FMCG, with having managed turnover which crosses USD 100 Million - Should have managed multiple factories and strong man management - Working knowledge of SAP preferred - Africa Experience a big plus - Should have experience in collaborating with an executive team and have a high level of written and oral communication skills. - Excellent Leadership and Managerial competencies relevant to Business Strategy, Problem Solving & Decision Making. - Collaborating & relationship building to lead and motivate staff to deliver results. - Skilled in examining, developing, re-engineering, and recommending financial policies and procedures. - Ability to work flexibly and under own initiative to achieve objectives - Languages -English (Mandatory), Hindi (Desired), Portuguese (Desired

Africa

Overseas/International

Group Chief Financial Officer - FMCG 

Job Description for Group Chief Financial Officer - FMCG  in Right Advisors Pvt. Ltd. in  Africa Overseas/International for (15-24) years of experience. Apply Now!