Role Description
The Chief Financial Officer will be responsible for overseeing and managing financial planning, financial statements, financial reporting and finance operations. The CFO will also be responsible for developing and implementing financial policies and procedures, managing financial risks, and ensuring compliance with regulations and plays a crucial role in steering the financial success and strategic management of the business. The detailed job description for this position is as follows:
1. Financial Leadership and Strategy Development:
– Oversee the company’s financial operations, including budgeting, forecasting,
and financial planning.
– Develop and implement financial strategies aligned with the company’s goals.
– Ensure effective financial controls and risk management practices are in place.
2. Management and Reporting:
– Lead the finance team in managing day-to-day financial operations.
– Prepare accurate and timely financial reports for senior management,
stakeholders, and regulatory bodies.
– Analyze financial data to identify trends, challenges, and opportunities.
3. Investment and Funding:
– Identify and evaluate investment opportunities to drive growth.
– Manage relationships with investors, banks, and other financial institutions.
– Secure funding and manage capital structure and debt levels.
4. Cost Control and Efficiency:
– Implement cost-control measures to improve profitability.
– Optimize resource allocation and reduce wasteful expenditures.
– Coordinate with operation, Sales & Marketing , Aftersales and other departments
to achieve financial efficiency.
5. Compliance and Governance:
– Ensure compliance with financial regulations and standards.
– Ensure compliance with financial regulations and standards.
– Maintain high standards of corporate governance.
– Oversee internal and external audit processes.
6. Strategic Partnerships and M&A Activities:
– Prepare and follow up financial negotiations in mergers, acquisitions, or partnerships.
– Conduct due diligence and financial analysis for potential deals.
– Integrate financial systems and processes post-merger or acquisition.
7. Market Analysis and Forecasting:
– Monitor competitor financial strategies.
– Adapt financial strategies in consultancy of CEO and COO accordingly.
8. Innovation and Technology Integration:
– Embrace new financial technologies to improve efficiency.
– Support innovation in product development and manufacturing processes from
a financial perspective.
9. Sustainability and Corporate Responsibility:
– Incorporate sustainable practices in financial planning.
– Align financial goals with the company’s corporate social responsibility
initiatives.
This role requires a combination of strong financial acumen, strategic thinking, leadership skills. The CFO is expected to contribute significantly to the company’s overall performance and strategic direction.
A. Qualifications, Skills, and Experience:
To qualify for the role of Chief Financial Officer (CFO), a candidate typically needs to have a combination of education, experience, and skills as follow:
1. Educational Background:
– Minimum Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
– Master’s degree in business administration or a related field is advantageous.
– Professional certifications such as Certified Public Accountant (CPA), Chartered
Financial Analyst (CFA), or Certified Management Accountant (CMA) are
beneficial.
2. Experience:
– Minimum 15 years’ experience as a leading financial role preferably in Automotive industry.
– Extensive experience in finance or accounting, with a progressive track record of
success and responsibilities.
– Prior experience in a senior finance role, such as a Finance Director, Controller, Senior finance manager or Assistant Manager
3. Financial Expertise:
– Deep understanding of financial management, accounting principles, budgeting,
and financial analysis.
– Proficiency in financial modeling, forecasting, and risk management.
– Experience with financial reporting, compliance, and audit processes.
4. Leadership Skills:
– Strong leadership and team management skills, with the ability to motivate and
guide finance teams.
– Strong team spirit to work with Management.
– Excellent decision-making and problem-solving abilities.
– Proven track record of strategic planning and execution.
5. Communication Skills:
– Exceptional communication and interpersonal skills to interact effectively with higher management.
– Ability to explain complex financial information in a clear and concise manner.
– Familiarity with finance software and advanced proficiency in spreadsheets and data analysis tools.
– Knowledge of emerging financial technologies and how they can be applied in the business context.
7. Strategic Thinking:
– Strong strategic thinking and planning abilities.
– Ability to align financial strategies with overall business goals.
8. Adaptability and Innovation:
– Ability to adapt to changing market conditions and business environments.
– Openness to innovation and new approaches in financial management.
9. Ethical Standards and Professionalism:
– High ethical standards and integrity.
– Commitment to transparency and accountability in financial management.
10. Regulatory Knowledge:
– Knowledge of relevant laws, regulations, procedures and standards in finance
and accounting