Finance Director

Job Purpose:
To lead strategic and tactical planning, development, evaluation and coordination of the Finance Department. To secure and manage the organization's financial resources to optimize stakeholders' value and ensure compliance with best practices on regulatory, financial control and reporting requirements.
Core Responsibilities:
Strategic Responsibilities:
• Provides active support in developing and implementing organizational strategies by contributing financial & accounting information, analysis, recommendations and provide financial advice on business strategies to the Executive Management.
• Leads the budget planning activity and sets the framework for annual business planning and budgeting, timelines and frequency from Department / Function Heads.
• Formulates risk management strategies for the organization in consultation with other Executive Management and Department / Function Heads.
Finance and Planning
• Addresses upper tier financial issues such as cash management practice
• Liaises with the internal team to provide assistance with the due diligence or financial appraisal of any project, program or business models
• Provides guidance and advice related to analyses of cash flow, cost controls, and expenses for different functions to identify potential financial opportunities and weaknesses and recommends corrective actions
Financial Control and Governance
• Recommends benchmarks for measuring the financial and operating performance of the organization and reviews the guidelines / procedures for financial control ensuring maximization of transparency
• Ensures efficient and effective management of the organization's finances through all necessary financial controls, systems and processes and ensures accuracy and integrity of the organization's financial records
• Establishes and ensures a robust control and governance environment in line with regulatory requirements that are consistent with the organization's internal policies and ensures statutory compliances of all systems, processes & accounting practices
• Liaises with regulators and Government Agencies to ensure compliance and to influence policy matters
Financial Reporting
• Oversees and reviews the preparation and development of comprehensive financial reporting and performance standards in line with international best practices with an aim to provide Executive Management and Board of Directors with meaningful trend analysis
• Ensures completeness, accuracy and timeliness of all financial reporting including the coordination and completeness of annual audit reviews and ensuring compliance requirements
Treasury Management
• Evaluates and recommends to shareholders the optimal sources of intermediate and long term financial requirements and executes the funding plan
• Maintains financial agreements and develops relationships with the financial institutions in the public and private sector
• Arranges for funding Institutions including (but not limited to) banks, insurance companies, brokers and credit agencies
Finance Standards and Procedures
• Coordinates the annual financial audit process and ensures compliance of finance standards and procedures, ensuring financial policies and guidelines are developed according to best practice and ensures that they are adhered to.
• Maintains and administers approved accounting practices to ensure that financial statements and reports accurately reflect the status of the relevant accounts and provide reliable information to control operations
• Reviews with external auditor for final approval on the financial statements and reporting
Financial Management
• Ensures timely payment of debtors and invoicing of creditors and deals with third party evaluations on a yearly basis
• Responds to verbal and written financial inquiries in a timely manner and provides technical expertise in identifying potential financial/accounting issues
• Maintains collaborative and effective relationships with other key management personnel and keeps abreast of significant economic, social and technical trends, and regulatory guidelines, which may influence assigned functions/services and/or the facility
Managerial Responsibilities:
• Finalizes the workforce needs of the department and obtains requisite approvals
• Manages the team by evaluating the performance of team members, provides feedback on an on-going basis, identifies development needs and coaches them to ensure on-going capability development.
• Reviews assignment of staff to cross functional teams and, if necessary, revises accordingly
Self-Management:
• Strives to achieve the highest levels of proficiency on all competencies and skills required to perform the role
• Identifies the training and development requirements for self and agrees on them with the management to ensure that the required training is arranged and attended, in coordination with training & development
• Sets performance goals in the beginning of the year after discussion with the HR management and ensures that the goals are achieved during the course of the year