Description
CFO duties and responsibilities
CFOs are responsible for managing the financial decisions of a company or organization. They often have the following responsibilities:
- Executing the company’s financial strategy
- Developing plans for growth to increase company profit while also reducing expenditure
- Identifying investment opportunities and managing mergers and acquisitions
- Assisting the Chief Executive Officer (CEO) to develop financial plans
- Managing accounting procedures.
- Direct Accounts Payable (AP) and Accounts Receivable (AR) processes to ensure timely billing and sufficient cash flow for the agency.
- Develop a reliable cash flow projection process and reporting mechanism which includes minimum cash threshold to meet operating needs of the agency and ensures timely invoicing to the agency’s clients and payments to outside vendors.
- Optimize overhead expenditures
- Oversee the collection of past-due accounts
- Facilitate the optimization of the agency’s accounting software system, by providing the appropriate information in regards to estimating, traffic, Profit & Loss, revenue and account summary reporting
- Create and implement a working capital plan and direct investment of excess working capital
- Investigate and recommend outside resources for capital when needed, negotiating competitive rates
- Report monthly to the managing CEO on all financial areas
- Maintain and administer stock ownership practices and reporting to shareholders
- Oversee and direct the annual auditing process and report to shareholders
- Satisfy all regulatory and tax compliance filings and reports, while working to minimize taxes
- Manage, motivate and provide leadership to an accounting staff of team.
- Direct the controller in providing and directing procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services
- Proven track record in a successful technology scale-up with a global remit
- Prior experience of building internal financial processes from scratch
- experience within the consumer goods, beauty & consumer tech arena, ideally within a product led business for F & B.
- Flexible and adaptable working attitude
- Willingness to travel as required.
- Prefer Arabic National.
Ability to commute/relocate:
- Doha: Reliably commute or planning to relocate before starting work (required)
Experience:
- Manager: 3 years (preferred)