GM/ CFO- Finance & Accounts (Cement Company)

A reputed cement company.

A reputed cement company.

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Summary

• Vacancy: —
• Location: Dhaka (Uttara)
• Minimum Salary: Negotiable
• Experience: At least 11 years
• Published: 4 Jun 2024

Requirements

Education

• ACA/FCA

Experience

• At least 11 years
• The applicants should have experience in the following business area(s):
  Group of Companies, Cement Industry, Steel

Responsibilities & Context

We are seeking a highly experienced and strategic GM/CFO- F & A to join our dynamic team for our reputed Cement Company. This position will play a pivotal role in driving financial growth and stability within our organization. As a key member of the executive leadership team, He will be responsible for overseeing all financial aspects of the company, providing strategic financial guidance, and ensuring the overall financial health of the organization.

• Financial Strategy: Develop and implement a comprehensive financial strategy aligned with the company’s long-term goals and objectives.
• Specifically, identify capex and opex elements where financial resources can be deployed to optimally achieve business objectives of the company; and sources of finance that will minimize or maintain within tolerable levels the exposure and risk of the company.
• Financial Planning and Analysis: Lead the budgeting, forecasting, and financial planning processes.
• Specifically, identify financial outlays over the ongoing accounting year and over a three-year rolling period; sources and costs of funding those outlays; excesses/ shortfalls in sources versus outlays; and the strategy for investing excesses or mitigating shortfalls in finances.
• Risk Management: Identify financial risks, and ancillary non-financial risks associated with deploying and sourcing finances, develop metrics to rank those risks, and install measures to appropriately manage those risks.
• A major source of non-financial risk associated with financial activities is the requirement to comply with financial regulations and reporting requirements.
• Capital Management: Continually track investment opportunities in both physical and financial assets, capital market offerings to avail of those opportunities, uncertainties, and potential medium and long term gains and losses from volatility.
• The scope is both domestic and international, and focus is on long term business growth.
• Financial Operations: Oversee accounting, payroll, taxation, book-keeping, and reporting. Implement structures and procedures to ensure completeness, accuracy, integrity, availability and security of financial records.
• Assess on a monthly basis the robustness of the system, particularly focusing on potential or actual breaches or failures, and report findings and recommendations to the CEO and the Board of Directors.
• Merchandising/ Commercial Operations: Provide continuous oversight of the sourcing and selling operations, particularly where overseas trade operations (e.g. import of raw material and export of finished/ semi-finished goods), and pre-emptively deploy measures to prevent financial, commercial, reputational, and time losses.
• Cash Flow Management: Supervise the activities of financial management staff in monitoring cash flow, liquidity, and working capital.
• Implement a robust system of segregating Petty Cash operations from mainstream transactions, instruments for recording and tracking transactions from one set of accounts head to another set, and preservation of audit trail for five years in the case of routine transactions and for ten years in the case of significant and critical transactions.
• Financial Reporting: Supervise and monitor the preparation of financial statements, reports, and forecasts to ensure their regularity and reliability.
• Ensure that daily, weekly, monthly, quarterly, and biennial financial reports are presented on time to the Higher Authority, and annual financial reports are made available on time to the Management. T
• eam Leadership: Build and lead a high-performing finance team, fostering a culture of collaboration, accountability, and continuous improvement.
• Additionally, provide inputs and analysis to ensure that the external auditors have the requisite capacity and competence.
• Mergers and Acquisitions: Evaluate potential mergers, acquisitions, and partnerships from a financial perspective and lead the due diligence processes.
• Strategic Financial Advice: Provide strategic financial insights on a per-requisition basis to the CEO and Board of Directors to support decision-making.

Employment Status

Full Time

Job Location

Dhaka (Uttara)

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