Job Summary Direct responsibility for Business Unit Finance function. Business partnering with CEOs (Oils &Fats and IFFCO Beauty) in all operational and strategic decision making. Enforce financial discipline, cost and budgetary control .Facilitate structured Business Unit business reviews, annual operating plan in accordance with Corporate guidelines. Continuously monitor key business performance metrics. Lead/support cross functional BU/Corporate initiatives. Strengthen internal controls. Build a high performance Finance team. Roles & Responsibilities
Provide functional expertise and guidance to Business Unit Finance team. Build-up a well motivated, high performance Finance team.
Business partnering with CEOs in all operational/ strategic decision making and building Annual operating plan. Facilitate structured business reviews (internal and corporate).
Performance Dashboards triggering early warning signals on profit forecasts, mitigation plans/ untapped opportunities
Drive day-to-day business performance KPIs as margin control, brand/ customer/Channel profitability and lead cross functional cost saving/ optimization, efficiency improvement, revenue/margin maximization
Enforce financial discipline as efficient working capital mgmtt, effective liquidity management of bank funds to reduce interest cost, ensure availability of USD/adequate banking lines to run operations in co-ordination with Corporate Treasury.
Continuously monitor foreign currency and counter party risks on B2B contracts. Ensure strict credit control. Help devise risk management strategies.
Safeguard Business Units assets. Monitor capital expenditure expansion for the Business Units. Ensure physical verification of inventories and adequate insurance cover. Correctly ascertain Business Units liabilities through continuous risk assessment.
Ensure all statutory compliance are met including Income Tax
Critically examine and help strengthen existing Business Units systems, workflows, procedures, policies and controls.
Independently handle BU statutory audit and facilitate internal audit.
Maintain cordial relationship with Government agencies, banks, auditors, legal firms and key business partners.
KPIs
Business support & performance monitoring.
Safeguard Business Units assets. (Including Receivables/Inventory)
Foreign currency and counter party risk (B2B) mgmt.
Cost, budgetary control & working capital management.
Lead/support special Business Units/Corporate initiatives.
Compliance with Group policies and applicable laws.
Team building and development.
Work experience requirement
10-15 years relevant experience of which at least 5 years as Head Finance of medium/large sized FMCG / Commodity businesses (multi-product/multi-location).
Qualification
Professional qualification (CA or equivalent)
Degree
Competencies Business Acumen Financial planning and Analysis Governance, Risk and Control Strategic Financial Management Self and Team Management Planning & Decision Making Strategic Thinking Change Management Ownership & Result Orientation Financial Acumen Business Unit: Oils & Fats(EGY) (E1) Business Group: Oils & Fats EGYPT (11)