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Chief Financial Officer at Sotik Tea Companies Limited

September 9, 2024
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Job Description

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Key Dimensions of the role

Financial Management and Reporting

Manage and lead the finance function, ensuring smooth and efficient day-to-day operations while setting a strong example for the team.
Ensure the business complies with all financial statutory legislation and returns.
Ensure monthly management accounts are produced accurately and timely to the local board and Group Head office, with commentary and comparison to budget.
Manage cash flow proactively and detail accurate forecasts; develop a revenue forecast based on business unit production/sales; balance accounts payable and receivable to utilize cash.
Oversee and manage the year-end audit process. Work with third-party auditors and tax advisors to maximize group goals.
Analyze business performance against budget/projects and advise on variations.
Structure reporting to clearly display the performance of each business unit.
Develop and review systems to accurately capture costs per business unit.
Generate KPIs around cash generation/targets, individual objectives, and how they tie into the business.
Financially appraise cash and the return by investments.
Advise on asset performance and collectively look at methods of improving efficiency.
Fine-tune MAs to reflect individual business units and their performance/contribution to the group.
Develop an operating cash balance for projects.
Reconcile income with expenses per business unit.

Strategic Leadership

Work closely with the General Manager to appraise new initiatives and their impact on the business.
Assist in developing the strategy around product development and expansion.
Develop a role around a CFA to translate project numbers into daily/weekly/monthly targets for department managers to understand.
Oversee the IT function of the business, including the transition and integration to a new accounting software.
Manage and work with our legal and professional advisors

Budgeting and Financial Planning

Oversee the annual budgetary process and present annual budgets.
Work with third-party lenders and equity partners to ensure sufficient funds are available for planned expansions.
Assist procurement in sourcing products and payment schedules for large CAPEX items.

Performance Monitoring and Improvement

Analyze business performance against budget/projects and advise on variations.
Generate KPIs around cash generation/targets, individual objectives, and how they tie into the business.

Experience

Over 15 years of experience working in manufacturing, FMCG, logistics or agricultural companies.
Demonstrated experience in taking a leading role in the finance function of the business.
Proven track record of helping to create and deliver strategic goals.
Previous experience working with debt and equity partners.
Successfully integrated an ERP system throughout the business.
Demonstrated examples of Human Resources being integral to previous engagement strategies and how they influenced HR to achieve company goals.