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Chief Financial Officer CFO Malawi

Job Ref
269123
Job Type
Permanent
Employer Type
Recruitment Agency
Date Added 26 Aug 2016
Expiry Date 10 Oct 2016
* There have been no applications to this job.
* This job has been viewed 510 times.
Employer:
SET Consulting

Location:
Mauritius

Salary:
USD2543400 - USD2826000

Benefits:
.


Role details:
The Chief Financial Officer (CFO) is responsible for all financial activity
- - - - - - - - - - - - - -
JOB DESCRIPTION - CHIEF FINANCIAL OFFICER
COMPANY BACKGROUND
Company is a US$ 250 million business with operations in Mozambique, Malawi, Zimbabwe, Zambia
and Mauritius.
The Company group of companies can trace their origins back more than 25 years. Today, Company employs over 3,000 people and is responsible for distributing over 350,000 tonnes per annum of its products throughout Southern Africa.
The African Agriculture Fund, managed by Private Equity, acquired a stake in Company in 2014.
POSITION SUMMARY
The Chief Financial Officer (CFO) is responsible for all financial activity and reporting within the Group. The
CFO maintains close contact with the CEO and the Board in relation to all material financial matters,
including but not limited to cash flow, profit/loss, return on equity, balance sheet figures and major budget variances.
The CFO is responsible for the formulation and implementation of the Group's financial strategies, and the direction and co-ordination of the activities of the finance department. The CFO will meet regularly with the Board and other company executives to develop financial goals and budgets and effectively lead and control all related processes to ensure that the financial strategic objectives are achieved throughout the organisation and the regions where it operates. The CFO will have a primary role in meeting the reporting and governance requirements of the Board and Shareholders.
The CFO will be a member of the Board and will be involved in making key decisions for the Group. The CFO will be based in Malawi with extensive travel required throughout southern Africa.
PRIMARY DUTIES AND RESPONSIBILITIES
Corporate strategy Performance measures
Extent of discretion
§ Development of the Group's vision and business strategy.
Annually, reviewed six monthly Board
§ Formulate and execute capital-raising strategies to
support the Group's expansion and business plans.
Adhoc Board
§ Oversee mergers and acquisitions that may be required by the Group as part of the strategic plan.
Adhoc Board
§ Implement information systems to improve accounting, procurement and asset management activities within the Group.
Group wide systems implementation Board
§ Recommend appropriate course(s) of action to ensure
that the Group achieves target profitability.
In line with annual budget
Board
JOB DESCRIPTION - CHIEF FINANCIAL OFFICER
2
Finance and business strategy Performance measures
Extent of discretion
§ Formulate and implement the financial strategies
covering:
o Trade finance and working capital management;
o Foreign currency management;
o Cash management activities;
o Timely production of consolidated financial
reports and accounts; and
o Compliance with IFRS and statutory regulations.
Manages appropriate levels of gearing,
maintains debtors in line with credit policy,
meets deadlines for reporting, tax payments and statutory filings
Board
§ Maintain relationships with the Group's debt providers,
investors and other key stakeholders, communicating
the state of the enterprise and being available to
answer financially oriented questions.
On-time reporting Board
§ Develop and maintain favourable terms of payment with
suppliers and from customers.
Working capital management Board
Financial management and control Performance
measures
Extent of discretion
§ Manage all operations relating to financial management
and reporting of the Group.
Records and
reconciliations up to date
Responsible
§ Oversee the financial reporting process enabling
efficient and timely production of the monthly and annual accounts.
On-time reporting Shareholders
§ Oversee the requirements of external audit. Annually Board
§ Develop and monitor financial policies and procedures
within generally accepted accounting principles and corporate guidelines
On-time reporting Shareholders
§ Monitor current assets such as stock holding, accounts receivables, banks and cash in line with planned working capital guidelines.
Management accounts Board
§ Evaluate capital expenditure, discussing major expenditures with appropriate executive and Board personnel.
Capex approval Board
§ Ensure compliance with legislation in all areas of
taxation and ensuring tax efficiency for the Group.
Taxation Acts Responsible
§ Provide reports and recommendations to the Board
regarding the Group's financial stability and viability.
Board pack Board
§ Ensure compliance with the shareholders' agreement
and schedule of delegated authority.
No breaches Shareholders
REQUIRED SKILLS AND EXPERIENCE
- Candidates require a minimum qualification such as a CA or equivalent.
- More than seven years of experience in senior executive roles relevant to Company.
- Preference will be given to those with experience in a similar role, within the agricultural industry.
- Effective presentation and written communication skills.
- Experience in working with financial institutions with the ability to negotiate finance facilities for trade,
debt and project finance.
- Willingness to travel as required.
- Relocation provided.




 
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