Chief Financial Officer

Sharjah, UAE
Career Level:
Executive
Full Time Permanent
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Job Description

The CFO is the top-level financial controller mainly responsible for defining organizational goals, planning, implementation, managing and running of all the finance activities of the company including tracking of cash flow and financial planning as well as analyzing the company’s financial strengths and weaknesses and proposing corrective actions. He/she will also oversee the activities of the other shared services within the organization including IT, costing and HR departments ensuring that the resources of the organization are utilized in the best way possible. Furthermore, he/she will also ensure that the company has the best resources to perform and achieve the required results according to the company’s internal system and the government’s laws and regulations.

Responsibilities

  • Assist the management in defining organizational goals and in developing a strategic direction and positioning to ensure the company’s success.
  • Develop and recommend to the management an annual operating plan and financial budget that support the Company’s long-term strategy.
  • Prepare sub-plans and executive programs for financial management to achieve the organization’s main objectives.
  • Participate in Board of Directors meetings and voice opinion on results and decisions
  • Attend and participate in all department’s periodic meetings.
  • Create, coordinate, and evaluate the financial controls and supporting information systems of the company.
  • Recommend and approve to the proposed changes, improvements, controls, procedures, and internal control over financial reporting to the management.
  • Ensure that effective internal controls are in place and take steps to enhance, where necessary, the internal control systems within the Company.
  • Keep the Management aware of the financial position and financial development of the Company.
  • Develop appropriate key performance indicators to monitor and drive the financial performance of the Company.
  • Ensure proper training of all personnel working under his supervision.
  • Oversee and monitor the Company’s financial position, banking and financing activities and capital structure and monitor the respect of banking and financial covenants and hedging arrangements, as applicable.
  • Ensure the adequacy of the Company’s insurance coverage.
  • Oversee and monitor effective tax strategies and compliance for the Company.
  • Oversee and monitor information technology, systems and intellectual capital of information and knowledge.
  • Oversee pricing of all products standard and non-standards
  • Cost monitoring and control of product cost and project cost
  • Driving and monitoring the value engineering of all products
  • Oversee and monitor the human resources activities and ensure that the company is equipped with the needed calibers and competencies.
  • Oversee the HR activities from hiring, employee engagements, policies, and employee benefits to ensure the highest standards of transparency and fairness are given to company’s employees.
  • Ensure that there is an effective succession plan in place for the CFO position and other senior executives of the Company.
  • Coordinate the preparation of the Company’s financial statements and management discussion and analysis (annual and interim)
  • Review and approve, in consultation with the management, the Company’s annual and interim earnings releases, financial statements and management discussion and analysis; wsp.com page 3
  • Coordinate the annual audit (and any special or non-recurring audit) with the Company’s external auditors.
  • Coordinate the review, and liaise with the external auditors as required, of all financial information disclosed in any offering documents of the Company.
  • Communicate transparently and collaborate to the fullest of extent possible with the Company’s external auditors.
  • Oversee the Company’s processes for identifying, assessing, and managing the principal risks of the Company’s business.
  • Ensure the information communicated to the public fairly portrays the position of the Company.
  • Represent the Company in a way that enhances and maintains the Company’s reputation.
  • Perform other functions related to the office of the CFO or as may be reasonably requested by the Company’s Management

Power & Authorities

  • The CFO has the right and absolute authority to evaluate and review all work-related documents, impose administrative penalties, approve salaries and payroll, compensation, allowances, bonuses, and incentives for the employees of the company.
  • The CFO has the absolute right to take all decisions that will ensure improvement in organization performance and improvement of business results within the scope of his responsibility, after evaluating the organizational and legal dimensions of these decisions and he/she is fully responsible for them.

QHSE & Excellence Standards

  1. Comply with the Quality, Health & Safety and Environmental standards and respective QHSE policies, procedures, and guidelines.
  2. Commitment to deliver effective service to all parties dealing with them.
  3. Assure the achievements of department’s objectives and relevant KPIs.

Education

Bachelor’s degree in Economics, Trading or Accounting from an internationally accredited university. Preferably with a CPA, CMA or CFA certification with 15 to 20 years of experience in a reputable organization.

Skills and Experience

  1. 15 to 20 years of experience in a reputable organization.
  2. Ability to communicate effectively and build relations with stakeholders and customers.
  3. Excellent knowledge of sales, trading, distribution
  4. Deep Knowledge of finance management practices, channels, and direct sales.
  1. Knowledge of HVAC industry standards and trends.