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Chief Financial Officer (CFO)

Position Purpose

1.      Direct the employees within the Finance unit, coordinate their tasks and continuously evaluate their performance and follow up on mismatches;

2.      Provide recommendations on the unit’s budget and manage the approved and allocated budget;

3.      Continuously monitor activities within the Finance unit with regards to compliance to legal requirements and internal regulations;

4.      Drives Tafani’s overall financial planning, budgeting, corporate finance, accounting, treasury, and overall financial performance and controls;

5.      Participate in major strategic discussions, providing recommendations and required key financial information to facilitate decision making process;

6.      Reports solid financial analysis to the CEO and Board of Directors in order to enable an effective target setting;

7.      Reviews due diligence on corporate financial dealings and ensures the designated checks are carried out;

8.      Monitors the financial performance of the company against planned financial goals to measure effectiveness of planning and implementation processes;

9.      Sets policy requirements for Finance ensuring a cohesive set of company policies and guidelines and financial risk mitigation strategies;

10.   Defines budgets, financial and management reports as well as summaries and forecasts for future business growth;

11.   Establishes performance targets, and deploy measures to counter deviation;

12.   Ensure timely and correct production of financial data and budgeting process in compliance with international accounting standards;

13.   Ensure an efficient Treasury operations including cash management and bank relationships;

14.   Create an effective Finance function directing overall financial performance, with clear KPIs and documented processes.

·         Total revenues (LYD)

·         EBIDTA margin (%)

·         Budget/actual expenses of the unit (%)

·         Working capital (LYD)

·         WACC (%)

·         ROI (%)

·         Employee satisfaction rate in the unit (%)

·         Accounts payable (%)

·         Net income (%)

Number of direct reports: *

·         MBA or Masters Degree in Finance preferred;

·         Additional Finance related certifications (CFA, CA, CPA) preferred.

·         Experience in leading M&A processes is preferred;

·         Experience in Libya and/or in the MENA region preferred;

·         Exposure to international business is a plus.

·         Expert knowledge of the telecommunications industry specific accounting practices, as well as financial and operational KPIs and target development;

·         Expert knowledge of accounting, internal accounting, treasury and cash management;

·         Expert knowledge in financial engineering, capital expenditure budgeting and risk management;

·         Expert knowledge of revenue assurance in the telecommunications industry, anti fraud and risk management;

·         Expert knowledge of procurement policies and processes;

·         Advanced skills in identifying and implement key strategic initiatives and drive them to closure;

·         Advanced analytical abilities;

·         Advanced negotiation skills;

·         Intermediate project management skills;

·         Fluency in Arabic and English Languages required.