Job Description: Chief Financial Officer (CFO)
Industry: Industrial / Manufacturing
Position: Chief Financial Officer (CFO)
Department: Finance
Reports To: CEO / Managing Director
Location: [New Cairo ]
Job Purpose
The Chief Financial Officer (CFO) will lead and oversee the company's financial strategy, planning, and operations, ensuring financial stability, profitability, and sustainable growth.
The ideal candidate must have extensive experience in the industrial and manufacturing sector, preferably managing the financial operations of multiple factories, with strong expertise in manufacturing cost control, budgeting, financial reporting, cash flow management, and operational efficiency.
Key Responsibilities
- Financial Strategy & Leadership
- Develop and implement financial strategies aligned with the company's business objectives.
- Provide strategic financial advice to the CEO and senior management.
- Lead the finance and accounting departments and ensure effective financial governance.
- Identify financial risks and opportunities to improve profitability.
- Factory & Manufacturing Finance
- Oversee the financial operations of factories and manufacturing facilities.
- Monitor production costs, direct and indirect labor costs, raw material consumption, and manufacturing overheads.
- Establish and monitor product costing systems, including standard costing and actual costing.
- Analyze production variances, wastage, scrap rates, and manufacturing efficiency.
- Work closely with factory managers and operations teams to improve cost efficiency and profitability.
- Monitor inventory valuation, stock movement, and working capital across factories.
- Budgeting & Financial Planning
- Lead annual budgeting, forecasting, and long-term financial planning.
- Prepare factory-level budgets and monitor actual performance against budget.
- Develop financial models and profitability analysis for products, factories, and business units.
- Monitor KPIs and recommend corrective actions when necessary.
- Financial Reporting & Control
- Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements.
- Implement strong internal controls and financial policies.
- Ensure compliance with applicable accounting standards, tax regulations, and statutory requirements.
- Manage external audits and relationships with auditors, banks, and financial institutions.
- Cash Flow & Working Capital Management
- Manage cash flow forecasting and liquidity planning.
- Optimize working capital, accounts receivable, accounts payable, and inventory levels.
- Manage banking facilities, loans, credit lines, and financing arrangements.
- Ensure sufficient liquidity to support production and business expansion.
- Investment & Business Development
- Evaluate capital expenditure (CAPEX) projects, machinery investments, and factory expansion plans.
- Conduct financial feasibility studies and ROI analysis.
- Support strategic investment decisions, acquisitions, and business expansion.
- Identify opportunities to reduce operational costs and improve margins.
Job Requirements
- Bachelor's degree in Accounting, Finance, or Business Administration.
- MBA, CMA, CPA, ACCA, or equivalent professional qualification is highly preferred.
- Minimum 10–15 years of progressive experience in finance and accounting, including at least 5 years in a senior financial management position.
- Proven experience in the industrial or manufacturing sector is mandatory.
- Previous experience managing financial operations for factories or multiple manufacturing facilities.
- Strong knowledge of manufacturing accounting, product costing, inventory management, and cost accounting.
- Excellent understanding of budgeting, financial planning, cash flow management, and financial analysis.
- Experience with ERP systems such as SAP, Oracle, or Microsoft Dynamics.
- Strong leadership, analytical, negotiation, and decision-making skills.
- Excellent communication and stakeholder management abilities.
Key Competencies
- Strategic financial leadership.
- Industrial cost management and optimization.
- Manufacturing financial analysis.
- Budgeting and forecasting.
- Cash flow and working capital optimization.
- Risk management and internal controls.
- Business partnering with production and operations teams.
- Team leadership and organizational development.
