Chief Financial Officer

Reports to: Chief Executive Officer / Managing Director / Board of Directors
Direct reports (typical): Finance Manager/Controller Accounting Treasury Tax Internal Audit/Compliance FP&A Procurement Finance Plant/Cost Accounting IT/ERP Finance (as applicable)
Key interfaces: Investors/Banks External Auditors Operations/Manufacturing Supply Chain Sales/Trade Marketing HR Legal

PURPOSE OF THE POSITION

Provide strategic and operational financial leadership to a processed agro-food business to ensure profitable growth strong cash generation funding and risk management robust controls and regulatory compliance. The CFO steers financial strategy supports commercial and operational decision-making (pricing trade spend CAPEX productivity) manages funding and risk (commodities FX credit) and ensures timely reliable reporting to leadership and stakeholders.

DUTIES AND RESPONSIBILITIES

1) Financial strategy governance and leadership 

• Define and execute the finance strategy aligned with corporate objectives (growth margin cash investment).

• Serve as a key advisor to CEO/Board on performance risks and strategic options (M&A expansion divestment).

• Build and lead a high-performing finance organization (structure capability succession culture of accountability).

• Establish strong governance and internal controls (segregation of duties approval matrices audit readiness).

2) Planning budgeting and performance management 

• Lead annual strategic planning budget and rolling forecasts with clear assumptions (volume price/mix COGS trade spend).

• Own performance reviews (monthly business reviews): variance analysis corrective actions and decision support.

• Develop profitability analytics by product/SKU channel customer plant line and route-to-market.

• Implement standard management reporting packs and dashboards for executive decision-making.

3) Cost accounting manufacturing finance and productivity 

• Oversee plant finance: standard costing variance analysis (yield waste labor energy) and OEE-related cost impacts.

• Drive productivity programs with Operations: cost reduction process optimization SKU rationalization make/buy analysis.

• Ensure robust inventory valuation and controls (raw materials WIP finished goods) including obsolescence provisions.

• Support capacity planning and cost-to-serve improvement (distribution warehousing order profiles).

4) Revenue management pricing and trade spend control (processed foods focus)

• Partner with Commercial on net revenue management: pricing governance discount discipline rebate accrual accuracy.

• Set trade spend policies and controls (promo funding listing fees commercial contracts) and evaluate ROI.

• Validate business cases for product launches pack changes promotions and customer tenders (including private label).

5) Treasury funding and working capital management

• Lead treasury: cash forecasting liquidity planning banking relationships and financing strategy (debt facilities leasing).

• Optimize working capital: receivables (credit policy) payables inventory turns and cash conversion cycle.

• Manage credit risk and collections governance especially with modern trade and distributor networks.

•   Establish controls for cash-handling (if cash sales exist) and payment security.

6) Accounting reporting and audit

• Ensure accurate timely financial statements (monthly close statutory accounts) under relevant standards (IFRS/local GAAP).

• Manage external audits tax audits and regulatory submissions; ensure clean audit opinions and issue remediation.

• Oversee reporting to Group Holding for consolidation purpose 

7) Risk management: commodities FX compliance and business continuity

• Monitor and mitigate exposure to commodity volatility (ingredients packaging) FX interest rates and supply disruptions.

• Implement hedging or contractual pass-through mechanisms where feasible; maintain scenario planning.

• Ensure compliance with tax statutory reporting and industry regulations impacting finance (traceability-related cost impacts duties import/export).

• Own financial aspects of business continuity plans (insurance crisis protocols recall cost preparedness).

8) CAPEX project finance and growth investments

• Build the CAPEX governance framework: prioritization approval process ROI tracking post-implementation reviews.

• Finance strategic projects: new lines cold chain expansion automation ERP upgrades sustainability investments.

• Support due diligence for acquisitions/partnerships and integration planning.

9) Systems data and finance transformation

• Sponsor finance digitization: ERP optimization automated controls e-invoicing forecasting tools BI dashboards.

• Strengthen data integrity (product costing customer profitability promo accruals) and master data governance.

• Define and monitor finance service levels (close cycle time forecast accuracy reporting turnaround).

Qualifications :

• Degree in Finance/Accounting/Economics; professional certification strongly preferred (e.g. CPA/ACCA/CFA or local equivalent).

• Typically 15 years finance experience with 7 years in senior leadership (Finance Director/CFO/Regional CFO).

• Strong track record in processed agro-food / FMCG food manufacturing (multi-site or complex supply chain is a plus).

• Experience in working with multi-currencies and high inflation environment

• Experience in reporting to Holding level

COMPETENCES

Knowledge (what you must know)

• Financial strategy corporate finance capital structure valuation and investment appraisal.

• Cash and risk management

• Accounting

• Manufacturing/plant finance: standard costing variance analysis yield and waste management inventory controls.

• Tax statutory reporting audit requirements and financial compliance frameworks.

• Risk management for commodity/FX volatility and supply chain disruptions.

Know-how (what you must be able to do)

• Build and run robust planning cycles (budget forecasts scenarios) and translate them into actions.

• Design internal control environments and enforce governance without slowing the business unnecessarily.

• Lead profitability improvement programs: cost reduction pricing discipline trade spend optimization cost-to-serve.

• Manage treasury: liquidity planning bank relationships funding negotiations and cash discipline.

• Communicate complex financial insights clearly to executives boards and non-finance leaders.

• Lead transformation projects (ERP/BI process redesign finance operating model changes).

Interpersonal skills (how you work)

• Executive presence and strong influencing skills across commercial and operational teams.

• High integrity confidentiality and courage to challenge assumptions and stop non-compliant practices.

• Strategic mindset with hands-on pragmatism; strong prioritization under pressure.

• Collaborative leadership talent development and conflict resolution.

• Resilience and adaptability in volatile cost and supply environments.

EXPECTED RESULTS

• Reliable financial governance: timely closes accurate reporting strong controls clean audits.

• Improved profitability through cost discipline productivity initiatives and net revenue management.

• Strong cash generation and healthier working capital (better inventory turns receivable days cash conversion).

• Strong funding position and controlled financial risk exposure (commodities/FX/credit).

• CAPEX discipline with measurable ROI and on-time project delivery.

• Finance function maturity uplift: better systems analytics and decision support.

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PERFORMANCE INDICATORS (KPIs)

Financial performance

• EBITDA / operating profit vs target; gross margin improvement (bps).

• Net revenue growth and net price realization; trade spend % of net sales and trade spend ROI (where measurable).

Cash & working capital

• Operating cash flow; free cash flow.

• Cash conversion cycle: DIO / DSO / DPO; inventory turns; obsolescence and write-off rates.

• Funding 

• FX management and risk control

Manufacturing finance

• Cost of goods per unit vs standard; yield/waste variance; conversion cost per ton/unit.

• Inventory accuracy and cycle count results; shrinkage rate.

Governance & reporting

• Month-end close cycle time; forecast accuracy; budget variance.

• Audit outcomes (number/severity of findings); control testing results; compliance breaches (target: zero material).

CAPEX and projects

• CAPEX delivered on time/on budget; post-implementation ROI attainment.

• Transformation delivery milestones (ERP/BI adoption automation rates).

Team & capability

• Finance team retention and engagement; key role coverage; training/certification progress.

• Competences building

WORKING DOCUMENTS 

• Strategic business plan annual budget rolling forecasts scenario models (commodity/FX/price).

• Monthly management reporting pack: P&L balance sheet cash flow KPIs variance commentary.

• Customer and channel profitability models; SKU/product margin waterfall; cost-to-serve analyses.

• Standard costing sheets bill of materials (BOM) cost models variance reports (yield waste labor overhead).

• Trade spend policies rebate accrual schedules promotion ROI post-mortems pricing approval logs.

• Working capital dashboards: AR aging credit limits collection plans; inventory aging/expiry/slow movers.

• CAPEX business cases approval memos project tracking post-investment reviews.

• Treasury pack: cash forecasts debt schedules covenant reporting bank facility documentation.

• Audit files: statutory accounts reconciliations control narratives risk register insurance documentation.

• Tax calendar filings transfer pricing documentation (if relevant) customs/import-export duty files.

TOOLS

• ERP: Odoo (or equivalent) with costing inventory and purchasing modules.

• FP&A / consolidation: Adaptive Anaplan Hyperion Tagetik or robust Excel-based models (depending on maturity).

• BI & analytics: Power BI / Tableau; SQL access as needed.

• Treasury & payments: bank portals cash management tools payment approval workflows e-invoicing platforms.

• Audit & controls: internal control software (optional) GRC tools (optional) standardized close checklists.

• Product costing & planning: BOM/costing tools demand planning tools (as available).

• Collaboration & documentation: Teams/Slack SharePoint/Google Drive project tools (Asana/Trello/Notion).

• Spreadsheet/presentation: Excel/Google Sheets; PowerPoint/Slides.

Remote Work :

No

Employment Type :

Full-time