• Group Finance Director

    Posted Date 1 week ago(16/04/2018 11:25 PM)
    Job ID
    # of Openings
  • Overview


    The GFD is the strategic financial and business partner to the CEO. The GFD is expected to play a key role in supporting the CEO and his management team in defining the agency’s business strategy and advise on matters pertaining to budget management, cost benefit analysis, forecasting needs, providing risk assessment and overseeing internal controls within the organization. He/She provides both operational and financial support to the organization, supervises the finance department and is the chief financial spokesperson for the organization. The GFD is to manage and strengthen the financial accounting function to ensure accurate and relevant financial and management information is provided to management to control and plan the future business growth and direction of the company.



    Key Responsibilities:

    Finance and Accounting

    • Supervise and maintain an efficient financial accounting section, providing direction to all accounting support staff to enable the preparation of accurate financial information.
    • To oversee the preparation of monthly, quarterly and annual financial reports, ensuring compliance with local, regional and headquarters’ reporting and statutory requirements and adhering to tight time schedules.
    • To critically review the monthly and quarterly financial statements, and presenting the financial data to the CEO, advising them of: performance to date vs. budget and latest estimate broken down by departments/clients; pertinent reasons for the significant variances and key budget sensitivities (vs. original budget assumptions) to be considered for longer term planning; and recommendations to improve profitability and reduce costs.


    Planning and Budgetary Control

    • To assist the CEO in the preparation of the Business Plan.
    • Assist the CEO and key managers in analyzing clients’ P&L and fee calculations.
    • To advise on the financial aspects of future growth plans and ensure that basic financial principles are enforced.
    • To prepare an annual budget, incorporating an operational budget, cash forecast, revenue forecast and capital expenditure budget, ensuring the business environment and internal operating conditions are monitored for the purpose of updating the budget.
    • To oversee a budgetary control system whereby actual performance data is routinely collected and reported against approved budgets, and thereafter analyses are made of the variances.


    Working Capital, Balance Sheet and Treasury Management

    • Review all bank reconciliations and prepare cash forecasts advising the CEO of any action required.
    • Control debtors and cash collections.
    • Manage the other principal balance sheet accounts (provisions etc) and ensure that these accurately reflect the period-end balances.
    • To ensure that adequate financing and banking facilities are available and interest rates on overdrafts and general banking facilities are optimized and funds most advantageously utilized.


    Third Party and Statutory Reporting

    • To maintain contact with external auditors to ensure accurate annual accounts are finalized and cleared to the required time schedule; discussing with them any proposed changes to financial systems / procedures required and the effect of any current accounting and taxation pronouncements.
    • To compile all tax computations in accordance with the provisions of the relevant tax legislation and ensure appropriate fiscal advantages are maximized, tax accounts are maintained and periodically reconciled and all tax liabilities are correctly recognized.



    • To oversee the office administration and personnel functions where appropriate
    • To provide on-going training and direction to the support team to ensure that they are fully motivated and their activities are focused on the company’s objectives, their number and level of competence is appropriate to meet the business requirements, and that staff career planning and development is satisfactorily coordinated.


    Required skills and experience:

    • At least fifteen years financial management experience gained with multinational corporations, previous working experience with an advertising agency or servicing-related companies would be a definite advantage.
    • Ability to identify key control areas, think “commercially” and ensure recommendations are practical without compromising proper internal control principles.
    • Hands-on experience of financial management reporting on an international basis with particular emphasis on the analysis and interpretation of financial data, highlighting key management information.
    • Experience in using computerized accounting systems. Ability to review, evaluate and contribute to the enhancement of computerized financial and operational systems.
    • Clear, logical thinker with a strong understanding of human behavior


    Preferred attributes

    • Highly developed interpersonal and communication skills to engender acceptance at all levels and gain credibility at an early stage.
    • Good analytical skills and meticulous
    • Hands-on approach with the ability to cope with deadlines, working together with staff to meet common objectives.
    • Confident and diplomatic; tactful and sensitive to cultural differences.
    • Highly motivated, able to take initiative and exercise independent judgement.
    • Maturity and the ability to communicate effectively with senior personnel.
    • Ability to work under pressure; capable of working independently.
    • Positive and contributory attitude to complement the team.
    • An enquiring mind and possessing the flexibility to participate in the overall aspects of the business operations; ability to adopt an independent posture, ensuring objective assessment and well-grounded recommendations.
    • High integrity; ability to work to the highest personal / professional standard.


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