Group Chief Financial Officer

Overview

• Managing Director And Group CEO

• Direct access to Chairman, Board, and Audit Committee

• Finance Managers (Group & Entities)

• Treasury Manager
• Costing Manager

• Internal Auditor (Functional Reporting)

Position Purpose

1. Strategic Leadership & Business Partnering

• Partner with the MD/CEO and Board in defining group strategy and growth roadmap
• Lead
• annual budgeting and 3-year business planning process
• Provide financial insights on expansion plans (USA, Sri Lanka, diversification)
• Drive scenario planning, financial modeling, and investment evaluations
• Act as a strategic advisor on profitability, capital efficiency, and risk
• Establish governance framework for overseas entities.
• Monitor foreign subsidiary performance and compliance.
• Standardize reporting across all international locations

2. Board Governance & Reporting

• Prepare and present
• quarterly Board packs and financial reviews
• Support and engage with
• Audit Committee and Board sub-committees
• Present:
• Annual budgets
• Strategic plans
• Business performance reviews
• Drive governance improvements and reporting transparency
• Ensure high-quality, decision-oriented financial communication

3. Financial Leadership & Group Control

• Oversee group-wide finance operations across all entities
• Ensure accurate
• monthly, quarterly, and annual reporting (IFRS compliant)
• Lead consolidation and entity-level performance reporting
• Establish accountability frameworks and financial discipline
• Drive continuous improvement in finance processes

4. Working Capital & Cash Flow Leadership

• Own and drive group
• working capital strategy and improvement programs
• Monitor and optimize:
• DSO (Receivables)
• DPO (Payables)
• Inventory days
• Cash conversion cycle
• Lead inventory reduction and optimization initiatives across all entities.
• Implement inventory classification and ageing governance.
• Review slow-moving and obsolete inventory disposal programs.
• Ensure procurement and inventory policies support cash conservation.
• Ensure robust cash flow forecasting and liquidity planning
• Lead strategic receivables recovery programs across all entities.
• Review and approve customer credit limits and collection strategies.
• Personally engage on critical overdue accounts and dispute resolution.
• Establish monthly cash collection targets and accountability mechanisms.

5. Treasury & Banking

• Manage group treasury, liquidity, and funding strategies
• Maintain banking relationships and optimize financing structures
• Oversee:
• Working capital facilities
• Trade finance (LC/BG)
• Forex risk management
• Drive cost optimization of funds and banking charges
• Develop Group funding roadmap for future acquisitions and international expansion.
• Lead negotiations with banks for syndicated facilities and structured finance solutions.
• Maintain relationships with export credit agencies and development finance institutions

6. Capital Allocation & Investment Governance

• Review and approve all
• CAPEX proposals and investments
• Conduct financial feasibility studies and ROI/IRR analysis
• Monitor

Return On Capital Employed (Roce)

• Drive post-investment performance reviews
• Ensure disciplined capital prioritization

7. Corporate Finance & Growth Initiatives

• Evaluate:
• Mergers & acquisitions
• Joint ventures
• Strategic partnerships
• New market entries
• Develop funding strategies for expansion
• Structure deals and financing arrangements
• Support inorganic and organic growth initiatives
• Lead acquisition due diligence, valuation, integration planning, and post-acquisition performance reviews.
• Review legal entity structures and tax-efficient operating models.

8. Business Performance Management

• Lead
• monthly business reviews
• across all entities (DML, DHT, DRCS, DX/SD)
• Review financial and operational KPIs
• Challenge assumptions and improve accountability
• Approve turnaround/recovery plans where required
• Ensure alignment with group strategy and targets

9. Risk Management & Internal Controls

• Establish and maintain

Enterprise Risk Management (Erm) Framework

• Maintain Group Risk Register and conduct periodic reviews
• Oversee:
• Insurance programs
• Business continuity planning
• Ensure strong internal controls across all processes
• Drive risk mitigation and monitoring

10. Internal Audit & IFC

• Own

Internal Financial Controls (Ifc) Framework

• Oversee internal audit function and annual audit plans
• Review audit findings and drive timely closure
• Present audit status to Board and Audit Committee
• Ensure compliance with governance standards

11. Manufacturing Costing & Operational Finance

• Strengthen costing systems and margin visibility
• Monitor:
• WIP, inventory valuation, and overhead allocation
• Product and project profitability
• Improve financial visibility of
• engineered-to-order projects
• Identify cost reduction and efficiency opportunities

12. MIS, ERP & Digital Transformation

• Lead development of
• advanced MIS dashboards and Board reporting packs
• Drive ERP optimization and system integration across entities
• Standardize reporting frameworks and KPIs
• Lead finance automation and digital transformation initiatives

13. Compliance & Regulatory

• Ensure full compliance with:
• IFRS
• UAE Corporate Tax and VAT
• Transfer pricing regulations
• Coordinate external audits
• Maintain audit readiness and regulatory compliance

14. Sustainability & ESG (Emerging Priority)

• Support ESG and sustainability reporting initiatives
• Track energy efficiency and cost optimization efforts
• Evaluate sustainability-related investments
• Align financial strategy with long-term ESG goals

15. Talent Development & Leadership

• Build a
• strong finance leadership pipeline
• Develop future successors and high-potential talent
• Drive capability building and finance excellence programs
• Foster a culture of accountability, performance, and continuous improvement

16. Project Finance & Contract Governance

• Review commercial and financial risks in major contracts before execution.
• Ensure appropriate milestone billing, payment security, and cash flow protection.
• Monitor project profitability throughout the project lifecycle.
• Participate in bid reviews for strategic projects.
• Establish project financial governance and post-project reviews.

17. Group Transformation & Governance

• Lead transformation initiatives across the group, including:
• Board reporting enhancements
• Internal Financial Controls implementation
• Delegation of Authority framework
• KPI and performance management systems
• Working capital and inventory transformation
• ERP and process automation
• Governance and risk frameworks
• Design and maintain Group Delegation of Authority Matrix.
• Ensure financial approvals and controls align with governance requirements.
• Periodically review approval thresholds

• Business Unit Heads

• Operations, Procurement, Sales, and Supply Chain Teams

External

• Banks and Financial Institutions

• Auditors & Tax Advisors

• Regulators

Education

• Chartered Accountant / CPA / ACCA / CMA (mandatory)

Experience

• 15–20 years of progressive finance leadership experience
• Proven experience as
• Group CFO / Finance Head in a multi-entity organization
• Strong background in
• manufacturing, costing, and international operations
• Experience in
• strategy, investments, and transformation initiatives
• Exposure to UAE and global financial environments

Kpi'S

• EBITDA Growth

• Net Profit Growth

• ROCE

• Cash Conversion Cycle

• DSO
• Actual Collections ÷ Budgeted Collections × 100
• Slow/obsolete inventory (>360 days)
• Inventory Days Reduction %
• Forecast/Budget accuracy
• Audit observations closure
• Banking cost reduction
• Operating Cash Flow – CAPEX
• Cash & Cash Equivalents + Undrawn Credit Facilities
• Actual Project Margin vs Approved/Budgeted Margin
• Gross Margin % (Current vs Prior Period)
• % Compliance with Internal Financial Controls (based on audit results)
• Number of material tax audit observations / penalties
• Board reporting timeliness
• ERP/automation milestones