On behalf of our client, we are looking for a Chief Financial Officer. The CFO, or Financial Officer, is ultimately responsible for the accuracy, com.....
On behalf of our client, we are looking for a Chief Financial Officer.
The CFO, or Financial Officer, is ultimately responsible for the accuracy, completeness, and timeliness of the organisation’s financing report. The CFO helps establish and direct the organisation’s financial goals and objectives, its budget, and the Financial Plan. The CFO has primary responsibility for ensuring that internal controls are in place, enforced, and reviewed periodically for conformance to accounting and financial standards and applicable regulations.
Essential duties and responsibilities include:
• Analyses financial statements and prepares reports and recommendations to CEO.
• Annually creates a capital plan that aligns with overall business plans and strategies and reviews the capital plan with CEO.
• Annually reviews and updates related party transaction policies and procedures with CEO and reviews, approves, and discloses related party transactions.
• Arranges and chairs financial management meetings and prepares financial reports and presentations for scheduled financial management meetings.
• Completes and gains the approval of financial objectives and oversees the financial health and financial performance of the Company, as well as a fiduciary responsibility to shareholders.
• Creates and reviews all period-end activities to ensure the period-end financial statements accurately reflect the results of the Company’s activities and is familiar with the specific software procedures for keeping the prior year open until all final closing adjustments have been made and approved.
• Develops borrowing and financial plans to meet the needs of the Company’s operations.
• Ensures that corrective actions are taken in a timely manner and that the company is in compliance with ASIC and the ATO, and recommends for approval all financial statements, financial reports, and tax returns.
• Ensures that processes needed for the financial management system are established, implemented, and maintained, and reports to the CEO and Board of Directors (or Advisory Board) on the performance of the financial management system and reports any need for its improvement.
• Examines and certifies the annual summary of work-related injuries and illnesses report.
• Is the main point of contact between the Company and the External Financial and Compliance advisors.
• Manages banking relationships, the bank signing authority process, and alerts all individuals and banks of any changes to authority.
• Oversees cash management processes to ensure proper cash availability and best practices in cash management.
• Oversees investigations into reporting errors, prepares and submits all financial restatements as required by law and by company policy.
• Oversees that regular shareholder meetings are conducted according to the Company Constitution. Surplus funds are appropriately invested, pay down debt or distributed.
• Oversees the asset acquisition process and reviews the ROI Worksheet with the CEO or nominated external advisors.
• Oversees working capital and completes the Working Capital Plan.
• Prepares and submits all financial statements as required by law and by company policy.
• Prepares forecasted financial statements and prepares reports and recommendations to CEO concerning forecasted financial statements.
• Reviews Account Payable material
• Reviews and approves requests for financial statements and any other proprietary confidential, and/or sensitive financial information, the Risk Management Plan, and all reconciliations.
• Reviews lease/buy considerations for capital equipment.
• Safeguards all company information and determines the appropriate level of detail for release.
• Sets and oversees the process of providing and/or receiving all bank communication and transactions – making recommendations to the CEO in relation to appropriate actions required.
• Reviews financial statements and recommendations for execution by the CEO
Skills and Experience:
• CA (or equivalent) qualified, ideally have an MBA also
• Preferably from a Big 4 background
• Minimum 5+ years’ experience in a finance role within infrastructure, property development, operations or a project style environment preferred
• Experience in report preparation
• Experience in staff management and development
• Impressive professional communication skills and reporting style to engage and inform fellow executives
• The ability to think strategically and solve problems, taking a long term approach whilst acting on a day-to-day basis.