Group Chief Financial Officer

Job Purpose:

To contribute to NH strategy formulation and to lead finance strategy implementation across NH and the subsidiaries. Provide team leadership to the finance department, direct all financial management activities, reinforce financial policies and procedures, and manage the Business Innovation Operation on the corporate level, in order to ensure strategic alignment, achievement of departmental objectives and performance standards, risk mitigation, and compliance with policies and procedures across NH and its subsidiaries.

Key Accountabilities:

Strategy Formulation: Contribute towards the formulation and implementation of NH s business objectives and strategic plans, which enable the achievement of NH s mission and objectives.

Strategy Implementation:Translate NH s business objectives into key result areas, key performance indicators, and departmental objectives to ensure alignment between the strategic direction of the department and that of NH.

Group Business Strategy:Lead facilitation of development and implementation of the Group strategy, including Vision, Mission and Strategic initiatives to meet the Nama Group (NG) objectives, including:

a. Establishment of framework and methodology for the management of NG programs

b. Ensure desired benefits achieved

c. Develop reporting and monitoring mechanism to ensure proper communication and achievement

Group Business Planning: Lead, develop and facilitate implementation of the Group business Plan, including:

a. Develop the strategic business planning framework and guidance

b. Ensure alignment of business plan to Nama Group overall objectives and regulatory compliance.

c. Provide guidance and support to the subsidiary company for the business plan preparation.

d. Ensure alignment of key Performance Indicators by NG Subsidiary companies to the group objectives.

Performance Management System: Establish, develop and implement a Performance system in line with the Group Business Strategy across NH and subsidiaries that enable us to meet the strategic and operational goals and requirements. The work includes:

a. Establish framework and guidance

b. Provide guidance and support

c. Establish best practice governance and methodology

d. Develop reporting and monitoring mechanisms for strategic performance of company, department, individual levels.

Divestment Management:

• Develop and execute the divestment long term plan as well as the detailed annual plan, capturing the relevant activities and key milestones of divestment.
• Responsible for overseeing and managing all aspects of divestiture activities.
• Identifying core and non-core assets for divestment, evaluating the financial implications, coordinating with relevant stakeholders, and ensuring that the divestment process aligns with the company's strategic objectives.
• Ensure that the divestment decisions maximize shareholder value and comply with regulatory requirements.
• Ensure the compliance, adoption and execution of relevant and applicable policies, including the Divestment Policy, Valuation Policy, and Investment Policy.

Funding Strategy Execution:

Develop and execute NH and NG funding strategy to support operational and strategic initiatives.

The management of short term and long-term funding, inter-corporate loan and investments, across NH and its subsidiaries.

Securing the required and adequate financing through debt, equity, or alternative funding sources, and optimizing the subsidiaries capital structure.

Managing healthy relationships with investors, financial institutions and rating agencies.

Team Leadership: Provide leadership to the Finance team and function across NH and the subsidiaries by embedding corporate values, setting departmental and positional KPIs, cascading expertise, and encouraging teamwork, in order to achieve high performance standards, meet established targets and objectives, and ensure employee engagement in a motivated work environment.

Financial Management: Provide overall leadership of:

a. The clarity, accuracy, and timeliness of all financial reporting across NH and its subsidiaries.

b. The identification and mitigation of all financial risks that NH and its subsidiaries are or may be exposed to;

c. The integration of financial, operational, and strategic information and systems across NH and its subsidiaries.

d. The review of income and expenditure across NH and its subsidiaries

In order to ensure that:

Job Qualifications :

Academic:

Degree in Finance & Accounting and/or Equivalent from an accredited educational institution.

Preferable postgraduate degree in Finance & Accounting and/or Business Management from an accredited educational institution.

Professional:

CA / ACCA / CPA / Certified Financial Analyst (CFA) / MBA is essential.

Professional Experience:

Minimum of 15 years of experience in financial reporting and accounting or a related field.

At least 8 years of experience in a leadership role.

Significant experience in fundraising in various forms across loan and debt capital markets.

Equity raising through various forms such as M&A and IPO.

Dealing with banks and rating agencies.

Sound knowledge of international accounting policies and procedures.

Appropriate experience in the electricity sector.

Key Competencies:

Technical Competency:

Finance Strategy

Treasury and fund raising

Rating agencies

M&A and IPO

Accounting Principal and standards

Budget development and control

Statutory Reporting

Financial Risk Management

Leadership Competency:

Driving Operational Excellence

Driving Result

Managing Customers & Stakeholders

Managing Personal Proficiency