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Job Summary:
The Chief Financial Officer (CFO) is responsible for developing and executing the Group's financial strategy while ensuring strong financial governance across the Hotel, Property Management, Solar Energy, Telecommunications, Petrol Filling Stations, and Lubricants Distribution business units.
The CFO provides strategic financial leadership, ensures regulatory compliance, optimizes profitability, manages risks, supports investment decisions, and drives sustainable business growth.
Key Responsibilities:
1. Strategic Financial Leadership
- Develop and execute the Group's overall financial strategy to support the organization's vision, growth objectives, and long-term sustainability.
- Serve as a strategic advisor to Board of Directors on financial planning, investment decisions, business performance, and risk management.
- Lead financial evaluations and due diligence for mergers, acquisitions, joint ventures, business expansions, and new investment opportunities.
- Drive financial transformation initiatives by implementing digital finance solutions, process automation, and best practices to improve operational efficiency and decision-making.
- Establish financial governance frameworks, policies, and procedures to ensure transparency, accountability, and sound financial management across all business units.
2. Financial Planning & Analysis
- Lead the preparation and consolidation of the Group's annual operating budget, capital budget, and long-term financial plans.
- Develop rolling forecasts, financial models, and scenario analyses to support strategic planning and business decision-making.
- Monitor actual financial performance against approved budgets and forecasts, identifying variances and recommending corrective actions.
- Analyze business performance, profitability, revenue trends, operating costs, and investment returns to support continuous improvement.
- Develop, monitor, and report key financial and operational performance indicators (KPIs) for each business unit.
- Provide timely financial insights and recommendations to support sustainable growth, cost optimization, and profitability enhancement.
3. Financial Reporting
- Oversee the preparation of accurate and timely monthly, quarterly, and annual consolidated financial statements for the Group.
- Ensure management reports provide meaningful financial analysis, business performance insights, and recommendations for executive decision-making.
- Present financial results, forecasts, and strategic analyses to Executive Management, and Board of Directors.
- Ensure compliance with International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), local accounting regulations, and statutory reporting requirements.
- Coordinate internal and external audits, ensuring the accuracy, integrity, and transparency of financial information.
- Maintain effective financial controls and reporting systems to support sound corporate governance.
4. Treasury & Cash Flow Management
- Manage the Group's cash flow, liquidity, and working capital to ensure sufficient funding for daily operations and strategic investments.
- Develop and implement cash management strategies to optimize the utilization of financial resources across all business units.
- Build and maintain strong relationships with banks, financial institutions, and investors to secure competitive financing and banking services.
- Oversee debt facilities, loan agreements, and financing arrangements while ensuring compliance with financing covenants.
- Monitor foreign exchange exposure, interest rate risks, and other treasury-related risks, implementing appropriate mitigation strategies where necessary.
- Develop capital allocation strategies to maximize returns on investments while supporting business expansion and long-term financial sustainability.
5. Tax & Regulatory Compliance
- Ensure full compliance with all applicable tax laws, regulations, and statutory requirements across the Group's business units.
- Develop and implement effective tax planning strategies to optimize the Group's tax position while maintaining compliance with legal and regulatory obligations.
- Coordinate with external tax advisors, consultants, and regulatory authorities on tax planning, audits, and compliance matters.
- Oversee the timely preparation and submission of all statutory filings, tax returns, regulatory reports, and financial disclosures.
- Ensure compliance with industry-specific regulatory requirements across the Hotel, Property Management, Solar, Telecommunications, Petrol Filling Stations, and Lubricants Distribution businesses.
- Manage tax audits, resolve tax-related issues, and minimize regulatory risks and financial exposure.
6. Internal Controls & Governance
- Develop, implement, and continuously improve financial policies, procedures, and internal control systems to safeguard the Group's assets and financial integrity.
- Strengthen corporate governance practices by ensuring compliance with Board policies, regulatory requirements, and ethical business standards.
- Oversee the planning and execution of internal audit activities to evaluate the effectiveness of financial controls, operational processes, and risk management practices.
- Coordinate with external auditors during statutory audits and ensure timely resolution of audit findings and recommendations.
- Monitor compliance with company policies, delegated authority limits, and financial governance frameworks across all business units.
- Identify control weaknesses and implement corrective actions to improve operational efficiency and reduce financial and operational risks.
7. Investment & Capital Management
- Evaluate investment opportunities, business expansion projects, and strategic initiatives to maximize shareholder value and long-term profitability.
- Conduct financial due diligence, feasibility studies, and investment appraisals for mergers, acquisitions, joint ventures, and capital projects.
- Review and assess capital expenditure (CAPEX) proposals, ensuring investments are aligned with the Group's strategic priorities and financial objectives.
- Develop and maintain an optimal capital structure by balancing debt and equity financing while managing the Group's cost of capital.
- Lead fundraising initiatives, including negotiations with banks, financial institutions, and investors to secure funding for operational and expansion requirements.
- Monitor investment performance and capital allocation to ensure efficient utilization of financial resources and achievement of expected returns.
- Provide strategic recommendations to executive management and the Board on financing options, investment decisions, and long-term capital planning.