CFO

LEVEL: MANAGERIAL

SALARY: UP TO 25K (DEPENDING ON QUALIFICATIONS AND EXPERIENCE)

LOCATION: DUBAI - JLT

ANY NATIONALITY

Preferably With Paints Or Manufacturing Experience

BELOW JD: Oversees and monitors the Group's financial position, activities and capital structure and monitor the respect of covenants given to banks and third parties and hedging arrangements, as applicable. Works with banks to run daily operations and keep the working capital lines well managed and controlled. Provides the Banks with all required information and prepare the reports to renew and update the granted facility lines after negotiations based on the bank's needs and the group's strategy. Manages interest rate risk by continuous exploring of a better market price and introducing new competitive banking relationships to the board. Establishes and evaluate businesses capital requirements and implement programs to secure funds. Determines optimal working capital requirements for sustainability and manage them. Assists the CEO in developing, a strategic direction and positioning to ensure the group's success. Provides leadership, direction and management of the finance and accounting team. Keeps the Board aware of the financial position and financial development of the group. Prepares a cash flow forecast. Review this regularly on a daily/ weekly basis and ensure the cash is being managed properly. With insuring regular payments of payroll taxes, salaries and VAT. Develops appropriate key performance indicators to monitor and drive the financial performance of the group members. Develops and recommends to the Board an annual operating plan and financial budget that support the group's long term strategy with taking into consideration the Micro & Micro economic factors while coordinating with CEO, GM and COO. Reviews and manages (and establish as needed) internal systems, processes, and procedures to ensure the integrity, accuracy, compliance, and usefulness of financial information and reporting. Collects and Archives the financial Data to build an accurate "Data Bank” that will allow us to provide truthful reporting for the upcoming years. Ensures that effective internal controls are in place and take steps to enhance, where necessary, the internal control systems within the group. Coordinates the annual audit (and any special or non-recurring audit) with the group's external auditors. Coordinates the review, and liaise with the external auditors as required, of all financial information disclosed in any offering documents of the group. Analyzes each company's receivables on weekly, monthly, quarterly and yearly basis with putting a strategy for the defaulted clients and take the needed measure to avoid the defaulting of the struggled ones and indicate what receivables are coming in before the end of the month using customer-specific payment histories; Manages the priority of suppliers payments based on the GM recommendations, plants shortage and cash flow position. & allocate the needed funds when required; Monitor the group's expenses by comparing it monthly , quarterly and yearly; Insure a minimum gross margin rate by monitoring sales orders and put the needed measures to eliminate negative margin operations and reduce losses; Monitors purchase orders by monitoring the purchases level of each company and insure the continuous availability of the minimum stock required and avoid overstocking; Meets clients and suppliers to solve existing issues and avoid the incoming ones; Prepares the needed feasibility studies for any new strategy or new project to be applied to public ( mainly governmental ) and private sectors ( mainly banking)