Chief Financial Officer

12 hours ago

Manama, Bahrain The 1 Percent Full time

The CFO will be responsible for overseeing the financial operations of the company, guiding its financial strategy, planning, and maintaining its fiscal stability. They will collaborate with the executive management team to establish long-range goals, strategies, plans, and policies. The duties include tracking cash flow and financial planning as well as analyzing the company's financial strengths and weaknesses and proposing corrective actions.

**Responsibilities**:

- Provide leadership, direction and management of the finance and accounting team and drive the company’s financial planning.
- Provide strategic recommendations to the GM and members of the executive management team.
- Manage the processes for financial forecasting and budgets and oversee the preparation of all financial reporting.
- Manage the company's financial operations, including budgeting, forecasting, and auditing. Ensure that the financial transactions, policies, and procedures meet the organization's short and long-term business objectives and are conducted in accordance with regulations, accounting principles, and standards.
- Develop and implement the financial strategy of the company. This includes long-term financial planning and forecasting, risk management, and investment strategies.
- Decide on investment and lending strategies by considering cash and liquidity risks.
- Control and evaluate the organization’s lending plans and capital structure.
- Ensure cash flow and gearing ratio is appropriate for the organization’s operations andregulatory requirements.
- Provide commercial insight and leadership across the business in order to exceed business plantargets and prepare reliable current and forecasting reports.
- Oversee the preparation and communication of monthly, quarterly, and annual financial statements. Ensure the timely reporting of key financial data and updates to the GM, Board of Directors, and other key stakeholders.
- Set up and oversee the company’s finance IT system.
- Ensure legal and regulatory compliance regarding all financial functions. This includes VAT/taxplanning and compliance with local and regional (if applicable) VAT/tax regulations.
- Ensure the risk and compliance management framework is embedded and operational for the Company as well as perform risk management activities by analyzing the organization’s liabilitiesand investments.
- Ensure compliance with regulatory requirements and company policies.
- Establish and develop relations with senior management and external partners andstakeholders.
- Supervise all finance personnel (controllers, account managers, treasurers etc.).
- Review all formal finance, HR, and IT related procedures.

**REQUIREMENTS**
- Bachelor's degree in accounting, finance, or related field (MSc/MBA preferred).
- Professional qualification such as CPA, CFA, or ACCA.
- Extensive experience in senior financial managerial roles, with a proven track record of success.
- In-depth knowledge of corporate financial law and risk management practices.
- Exceptional knowledge of data analysis, risk management, and forecasting methods.
- Proficient in the use of MS Office and financial management software (e.g., SAP).
- Ability to strategize and solve problems.
- Strong leadership and organizational skills.
- Excellent communication and people skills.
- An analytical mind, comfortable with numbers.
- Strong ethical standards and prominent levels of integrity.

**Experience**:

- Financial Management: 10 years (required)

**Location**:

- Manama (preferred)

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