Chief Financial Officer (CFO)

The Chief Financial Officer (CFO) leads/manages significant aspects of Damus Limited’s support services. The incumbent is responsible for analyzing the strengths and weaknesses of the Company’s finances, ensuring that the Company’s strategic and financial objectives are achieved.

CHIEF FINANCIAL OFFICER (CFO)

 JOB SUMMARY

The Chief Financial Officer (CFO) leads/manages significant aspects of Damus Limited’s support services including Finance and Accounting, Information and Communication Technology (ICT) and Administration. The incumbent is responsible for analyzing the strengths and weaknesses of the Company’s finances, ensuring that the Company’s strategic and financial objectives are achieved.  The role is primarily accountable for the financial assets of the organization and leads the financial planning, risk, budget and cash flow management ensuring resources are available to enable efficient operations and project execution.  The role will ensure that proper governance is observed throughout operations to ensure compliance with Corporate policies, professional standards, industry best practice and all statutory/regulatory requirements.

KEY DUTIES AND RESPONSIBILITIES 

1. Lead and direct the support services comprising Finance and Accounting, Administration, Insurance, ICT and Corporate Services.  Support the General Manager (GM) in designated other support areas (such as Legal and/or HR/Payroll) as required and designated.
2. In collaboration with the GM, Chief Operating Officer (COO) and designated others, assist in defining the Company’s strategic business goals, objectives and plans.
3. Lead the development of financial planning to enable realization of the Company’s longer term financial goals in line with the Company’s strategic business objectives. Partner with all Functional Department Heads to achieve favourable results with respect to asset management, sales, profitability, cash flow, systems, reporting and controls.
4. Develop, implement, manage, monitor and evaluate the business unit’s goals and targets in accordance with the Company’s strategic business goals, objectives and plans.
5. In collaboration with the GM, COO and Manager - Proposals, approve or designate approval of all proposals.
6. Manage the Company’s Budgeting, Financial Reporting and Project Accounting functions.
7. Prepare and manage annual operating plans and budgets for Finance and Accounting and other business units in accordance with established performance guidelines and objectives.
8. Establish, maintain and manage internal controls and mechanisms to manage risk and ensure compliance with financial policies, procedures, legislation and legal frameworks.
9. Manage the local financial institutions optimizing the handling of bank relationships and establish appropriate strategies to enhance cash position.
10. Ensure that the Board’s Treasury Management function is fit for purpose ensuring that appropriate working capital support is available in a timely manner.
11. Monitor all procurement activities to ensure governance and efficiency.

Key Resource Areas (subject to review and approval of GM):

(i)     BOD approval of transformation / strategic plans within defined timeline(s).

(ii)   BOD approval of Corporate and Functional Goals and Targets within defined timeline(s).

(iii) KPI’s for all reporting managers developed and communicated within defined timeline(s).

(iv) HSSE and Performance Management Processes.

MINIMUM QUALIFICATIONS & CERTIFICATION

 Required:

• ACCA.
• MBA or Post-Graduate Certification in Finance.
• Minimum of ten (10) years leading an Accounting/Finance Department.

Desired:

• Minimum of five (5) years exposure to leading another corporate function – HRM, ICT, Administration.
• Minimum of three (3) years’ experience in engineering, maintenance or construction industry.
• Minimum of three (3) years’ management experience in a unionized environment.
• Minimum of five (5) years leading Senior Managers or Executives.