Chief Finance Officer

Job Summary

The Chief Finance Officer (CFO) is responsible for overseeing all financial activities of the organization, providing strategic financial leadership, and ensuring the company's long-term financial sustainability. The CFO will drive financial planning, budgeting, reporting, risk management, and compliance while supporting business growth and profitability across retail operations.

Key Responsibilities

Financial Strategy & Leadership

• Develop and implement the company's financial strategy aligned with business objectives.
• Provide strategic recommendations to the CEO and Board of Directors.
• Lead long-term financial planning and business growth initiatives.
• Support mergers, acquisitions, expansions, and investment decisions.

Financial Planning & Analysis

• Oversee annual budgeting and forecasting processes.
• Monitor financial performance and analyze key business metrics.
• Develop financial models to support strategic decision-making.
• Ensure accurate and timely management reporting.

Retail Financial Management

• Monitor sales performance, gross margins, inventory turnover, and operating expenses.
• Analyze store profitability and recommend improvement initiatives.
• Support pricing strategies, promotions, and category profitability analysis.
• Optimize working capital, inventory investment, and cash flow management.

Accounting & Financial Reporting

• Ensure accurate preparation of monthly, quarterly, and annual financial statements.
• Maintain compliance with IFRS and local regulatory requirements.
• Oversee external audits and statutory reporting.
• Implement and maintain effective internal controls.

Treasury & Cash Flow Management

• Manage cash flow, banking relationships, and funding requirements.
• Oversee debt management and financing activities.
• Ensure adequate liquidity for business operations and expansion plans.

Risk Management & Compliance

• Identify and mitigate financial and operational risks.
• Ensure compliance with tax regulations, corporate governance, and legal requirements.
• Develop and maintain risk management frameworks and policies.

Team Leadership

• Lead and develop the finance, accounting, treasury, and tax teams.
• Foster a culture of accountability, continuous improvement, and performance excellence.
• Mentor and develop future finance leaders within the organization.

Technology & Process Improvement

• Drive automation and digital transformation within finance operations.
• Enhance ERP systems and financial reporting capabilities.
• Improve financial processes and operational efficiency.

Qualifications

• Bachelor's Degree in Finance, Accounting, Commerce, or a related field.
• MBA, CPA, ACCA, CA, CMA, or equivalent professional qualification preferred.
• Strong knowledge of IFRS, financial reporting standards, and corporate finance.

Experience

• Minimum 15+ years of progressive finance experience.
• At least 5 years in a senior finance leadership role.
• Proven experience in the retail, hypermarket, supermarket, FMCG, or distribution sector.
• Experience managing large-scale, multi-location retail operations.

Key Skills

• Strategic Financial Planning
• Budgeting & Forecasting
• Retail Financial Analysis
• Cash Flow & Treasury Management
• Risk Management
• Corporate Governance
• Financial Reporting & Compliance
• ERP Systems (SAP, Oracle, Dynamics, etc.)
• Leadership & Team Management
• Business Partnering & Stakeholder Management

Key Performance Indicators (KPIs)

• Revenue Growth
• EBITDA and Net Profit Margins
• Cash Flow Performance
• Budget Variance Management
• Inventory Turnover
• Working Capital Optimization
• Cost Reduction Initiatives
• Compliance and Audit Results
• Return on Investment (ROI)
• Financial Reporting Accuracy and Timeliness

Work Location: In person