Chief Financial Officer

Main Purpose of Job:

The Chief Financial Officer (CFO) will be responsible for the financial leadership, regulatory reporting compliance, and strategic financial planning of Braxtone Group and its subsidiaries. Given the Group's multi-entity structure, regulated operations, and expanding regional presence, the CFO will play a critical role in financial oversight, regulatory reporting, tax compliance, and operational efficiency. The position requires a finance leader with a deep understanding of the insurance, brokerage, loss adjusting, and advisory services industries.

The CFO will ensure the financial health of Braxtone by implementing best practices, optimizing financial operations, and ensuring compliance with all regulatory and tax obligations across the UAE, Bahrain, and Oman.

Reporting line: Vice Chairman and COO

Essential Work Activities:

Financial Strategy & Leadership

• Develop and execute a comprehensive financial strategy that aligns with the Group's growth objectives and enhances shareholder value.
• Oversee budgeting, forecasting, and long-term financial planning for all subsidiaries and regulated entities within Braxtone Group.
• Provide strategic financial insights to the Executive Committee, supporting business expansion, M&A opportunities, and strategic partnerships.
• Ensure a strong financial governance framework, reinforcing internal controls and risk management practices.

Financial Management and Reporting

• Oversee the preparation of accurate and timely financial reports, ensuring compliance with IFRS and other applicable financial regulations.
• Manage financial consolidation across all group entities, ensuring seamless reporting and analysis.
• Monitor cash flow, liquidity, and working capital, ensuring financial stability and sustainability.
• Implement financial systems and ERP solutions to optimize financial management and enhance reporting capabilities.

Regulatory Reporting Compliance & Risk Management

• Ensure compliance with all regulatory reporting requirements set by the Central Bank of Bahrain (CBB), the Central Bank of the UAE (CBUAE), and other regulators, where applicable.
• Oversee statutory and regulatory filings for all entities, ensuring timely submissions and adherence to compliance frameworks.
• Collaborate with external auditors, regulatory bodies, and legal advisors to ensure financial transparency and governance.
• Develop and maintain a robust risk management framework, ensuring financial risks are identified, assessed, and mitigated effectively.

Tax Compliance & Regulatory Filings

• Oversee compliance with all applicable tax regulations across the GCC, including Value-Added Tax (VAT), Corporate Income Tax, and Withholding Taxes.
• Ensure proper tax structuring and optimization to enhance efficiency and mitigate tax liabilities while maintaining full compliance with local and international tax laws.
• Liaise with tax advisors and regulatory authorities to stay updated on tax law changes and implement best practices accordingly.
• Lead the preparation and submission of tax returns and reports, ensuring accuracy and timely compliance.

Operational Efficiency & Process Optimization

• Lead finance process automation and digital transformation to enhance operational efficiency.
• Identify and implement cost control measures to optimize expenses and improve profitability.
• Work closely with business unit heads to align financial processes with operational needs and strategic priorities.

Investment & Expansion Initiatives

• Support the Executive Committee in evaluating M&A opportunities, investment strategies, and expansion projects.
• Develop financial models for new investments and provide recommendations based on financial viability and risk assessment.
• Manage relationships with banks, investors, and financial institutions to secure funding for strategic initiatives.

Governance & Stakeholder Management

• Act as a key advisor to the Executive Committee, Board of Directors, and regulatory bodies on financial and strategic matters.
• Ensure clear communication with investors, auditors, banks, and key financial stakeholders.
• Oversee the establishment of policies and procedures for corporate governance and financial best practices.

Team Leadership & Development

• Lead and mentor Finance teams across multiple jurisdictions, ensuring they have the skills and resources needed to excel.
• Foster a culture of financial discipline, accountability, and continuous learning.
• Strengthen collaboration between Finance, Operations, Compliance, and IT teams to ensure seamless business execution.

Educational and Experience:

Essential & Desirable:

• Bachelor's degree in finance or accounting, economics or related field.
• Professional Certifications like CPA, ACCA, CFA, CMA.
• Minimum 12-15 years of experience in financial leadership, with at least 5 years as a CFO or Finance Director in insurance of financial services industry.
• Good knowledge insurance brokerage, claims management, loss adjusting, and advisory services.
• Regulatory Compliance experience with CBUAE, CBB or other financial regulators.
• Strong expertise in tax compliance, IFRS reporting, and financial governance.
• Experience in leading M&A transactions, investment strategies, and financial restructuring.

Key Skills & Competencies:

• Strategic Financial Leadership: Ability to drive business growth and optimize financial performance.
• Tax & Regulatory Compliance: Strong knowledge of GCC tax laws, VAT, and regulatory filings.
• Risk Management: Proven ability to identify and mitigate financial and operational risks.
• Digital Finance & Automation: Experience with ERP systems, AI-driven financial tools, and data analytics.
• Stakeholder Engagement: Strong negotiation and communication skills to engage with investors, regulators, and partners.
• Leadership & People Development: Ability to lead cross-functional teams across multiple countries.