VAC4178 – Chief Finance Officer (CFO), DP World Berbera
DivisionFinance
LocationBerbera, Somaliland
DepartmentDPW CORP MEA – DEP
Closing Date02-Aug-2018
Job PurposeBased in Somaliland – Berbera – you will report to the CEO of the Business Unit.
This role will be responsible for all financial related activities including Budgeting and Cost Control, Accounts, Audit, Taxation, Insurance, Banking, Treasury, Compliance and Risk Management. Under the present Organization Finance will also be responsible of the Procurement and Inventory.
Key AccountabilitiesThe professional assigned to this position will be responsible to Ensure budget templates are prepared by Finance & Accounts team and handed over to Head of Departments.
Analysis of budgets, actuals and trends to optimize financial efficiency, maximize value creation and minimize risk for the company.
Ensure accuracy of annual budget preparation, in coordination with all the departments.
Ensure compliance to all DPW Polices, local regulations and contractual commitments.
Capex – evaluate the proposals, budget, analyses and control. Critical role in timely implementation of new projects.
Timely, accurate and effective financial / MIS reports to the BU CEO, RO and HO showing profitability, variance etc.
Analyse, evaluate, and ensure implementation of the Purchasing and Inventory policies and procedures.
Supervisory Functions.
Train and develop the subordinates and ensure their safety and work life balance.
The position is required to continuously analyse complex issues and work towards enhancements on existing practices & procedures.
Identify and implement actions to save capital costs, operating cost, interest and tax.
Ensure insurance of both movable and immovable assets of the company.
Support the CEO and the Board in managing all financial matters and risk.
Board presentation as required.
Finance function
Ensure timely processing of accounts payable, employee payments, management of accounts receivable, credit and collections
Liaise with banks and lending institutions. Arrange / support arranging long term funds and working capital as required
Manage funds of the company and ensure smooth flow of funds and cash
Analyse viability of business plans, projects and capex. Fund and timely implement approved capexs and projects
Ensure legal, statutory and company policy compliance in all transactions.
Ensure prompt and correct accounting, finalization of the financial statements and audit without any adverse remarks.
Ensure internal customer satisfaction in the activities of Finance.
Monitor Debtors, Payables, cash flows and take remedial action where required.
Compliances and procedures
Ensure the implementation of internal control systems, processes and risk mitigation steps.
Comply with Authority Limits, company policy compliance in all transactions.
Ensure legal, contractual and statutory compliances
Implement advises of the RO, Board, internal and external auditors
Procurement and inventory
The CFO leads the procurement function within the terminal and ensures that professional procurement processes are implemented and followed for capital and operating expenditure.
Inventory and stores management in coordination with the technical department.
Ensure internal customer satisfaction in the activities of Purchase function.
General
Liaise with the relevant stake holders as required.
Provide support for commercial decisions like pricing, tariffs, discounts etc and for other functions like HR in wage fixation and increments.
Establishing a performance and risk management framework, in addition to establishing a control, compliance and governance framework.
Establish and implement Performance Standards and Best Practices for the department
Establish and maintain performance criteria (KPIs)
Implementation and compliance with HSE policy
Any other work deemed fit for structuring of tasks and goals, to achieve high productivity with efficient utilisation of resources
The above outlined responsibilities are not exhaustive and you may be required to carry out other tasks that are appropriate to your role in addition to these.
Qualifications, Experience, Skills
Experience in Finance department of any multinational organization or port
Mandatory: 12 to 15 years
Preferable: Over 15 years
Experience in managerial / head of function role
Mandatory: 5 years
CA/ CFA/ Post Graduate degree in finance / Management Accounting
Strong leadership and relationship building skills
Excellent communication skills
Decision making and analytical ability
About the BusinessDP World [1] is a leading enabler of global trade and an integral part of the supply chain.
We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.
We have a portfolio of 78 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring everything we do has a long-lasting positive impact on economies and society.
Our dedicated team of over 36,500 employees from 103 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, to add value and provide quality services today and tomorrow.
Container handling is the company’s core business and generates more than three quarters of its revenue. In 2016, DP World handled around 64 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 84.6 million TEU is expected to rise to more than 100 million TEU by 2020, in line with market demand.
By thinking ahead, foreseeing change and innovating we aim to create the most productive, efficient and safe trade solutions globally.
[1] As of April 2017
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