CHIEF FINANCE OFFICER

Client of AJYAL HR Solutions & Services

Job Purpose: The CFO will be responsible for overseeing the financial operations of the company, guiding its financial strategy, planning, and maintaining its fiscal stability. This role involves managing financial risks, ensuring compliance with regulatory requirements, and providing strategic guidance to support long-term growth and profitability

Key Responsibilities:

• Formulate and execute financial strategies to support long-term growth in the pharmaceutical sector.
• Advise CEO and Board on strategic financial matters including M&A, divestiture, and investments.
• Lead financial planning, budgeting, forecasting, and ensure accurate, timely reporting as per IFRS.
• Oversee all accounting operations and ensure smooth month-end/year-end closures.
• Ensure transparent financial reporting to internal and external stakeholders.
• Drive budgeting process, present consolidated budgets for approval, monitor spending, analyse variances, and ensure corrective action.
• Supervise costing systems, ensure proper methodology, and drive process improvements.
• Review and enhance accounting systems and ensure accurate record-keeping.
• Finalize accounts, manage provisions for debts and inventory, and oversee audits and insurance coverage.
• Manage treasury operations, optimize cash flow, liquidity, and funding mix.
• Raise cost-effective capital, negotiate with banks, manage credit facilities, deposits, and surplus funds.
• Establish internal controls, ensure compliance with financial and regulatory standards.
• Manage risks related to currency, interest rates, and credit, especially in global operations.
• Ensure statutory compliance and coordinate with regulatory bodies.
• Review financial commitments, approve expenditures, and ensure policy adherence.
• Serve on committees, manage ERP-based tender and purchase processes.
• Lead and mentor the finance team, promote interdepartmental collaboration, and drive accountability and continuous improvement.