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Group Chief Financial Officer

Confidential Company

Posted on June 12, 2019

5 - 7 years Manama - Bahrain

Chartered Accountant(Chartered Accountant), Bachelor of Commerce(Commerce). Any Nationality

Medical Insurance, Housing

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Job Description

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• Develop and implement policies, systems and procedures to efficiently manage all financial activities within the group
• Develop good banking relations on behalf of the company and negotiate advantageous terms and facilities for the company and its group companies.
• Ensure booking of currencies as per business requirements and market trends, and provide tools to reduce interest costs
• Submit various MIS reports on weekly and monthly basis for the Board of Directors / Executive Committee
• Review / evaluate implementation of any new accounting / other systems and to be a key player in its implementation
• Actively work with IT in digitizing and to automate manual processes.
• Review reports and evaluation of actual performance of all the divisions/ profit centers every month against the Budget and present the same to Ex com / Board for review in the monthly Management Meeting
• Liaise with Statutory Auditors and to ensure that the Group accounts are finalized on time and ensure uniformity of policies
• Implement and set up various Systems, Commercial Policies, Process Mapping and Procedures in Finance and other Trading departments
• Liaise with internal auditors and review the reports and implement all the suggestions made by them so that systems improvement is a continuous process
• Ensure all the assets of the company and protect them from impairment or other losses
• Liaise with various General Managers, divisional heads etc. and advise them on any financial issues
• Ensure that the financial budgets / business plan are prepared on time and raise it to the Ex-com/ Board for approval.
• Attend the Board meetings / Ex-com meetings / audit committee meetings and such other committee meetings from time to time
• Play active role in inventory management / ordering as a member of ordering committee.
• Review and manage internal financial processes across the operations through internal control team.
• Identify the operational areas where internal controls needs to be strengthened e.g., Revenue leakage and recommend corrective measures
• Ensure that the company assets are adequately safeguarded
• Resolve queries raised by internal auditors / external auditors / audit committee etc
• Resolving queries raised by internal customers

Finance / Treasury

Desired Candidate Profile

Manage all financial activities of the company in Bahrain and its overseas operations including banking, treasury, MIS, Budgeting, Credit Control and Operations, and provide financial advice to group companies.


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