Chief Financial Officer
1. Goal of the position
The person in this position organizes the activities of the Finance Department with the purpose of achieving the set goals and improving the consolidated business results of the group companies in the long term.
2. Responsibilities
2.1. Responsible for the compliance with all regulatory and legal requirements regarding finance.
2.2. Responsible for the overall execution of the business processes in the department, as described in the Functional Description and the internal rules for the department.
3. Regular tasks1
3.1. Controls the execution of the procedures and rules;
3.2. Plans the cash flow. Prioritizes and executes payments according to his Delegation of Authority;
3.3. Organizes and performs advance, current and after-action control of the internal financial discipline;
3.4. Approves all outgoing documents from the Finance Department.
3.5. Observes the work of the working groups in the other departments. Participates where possible to help and improve their work.
4. Non-regular tasks2
4.1. Prepares and offers for approval by the Managing Director, policies and strategies for the responsibilities of the Department as described above, in the whole organization, including:
a) choice of accounting standards;
b) principles and procedures for the performing of financial control;
c) principles and strategies for financial planning and treasury activities;
d) principles for the management of relations with suppliers;
e) principles for the management of relations with customers with overdue payments;
f) tax policy of the group companies;
g) format of the reports for management purposes, and the financial forecasts for the purposes of business planning;
h) strategies and solutions for automation of the business processes in the department.
4.2. Prepares and approves internal documents and procedures for the execution of the responsibilities, according to the approved strategies and principles, including:
a) internal rules for the work of the Finance Department;
b) accounting rules and policies;
c) rules for the setting of different tax on the sales and purchases;
4.3. Other tasks set by the Chief Operating Officer.
5. Authority
5.1. The authorities granted to the employee are described in detail in his/her Delegation of Authority (a separate document).
5.2. The employee is obliged to approve and sign documents and contract, only after consulting his or her delegation of authority.
5.3. Every case of exceeding the approved authorities, is considered a grave misconduct, and could be a basis for disciplinary and legal action.
6. Job requirements
6.1. Education: Higher education in economics or finance
6.2. Professional experience:
6.2.1. Minimum of 8 years on similar positions.
6.2.2. Experience in managing companies, including having had to make strategic decisions;
6.2.3. Deep knowledge of the regulations and standards in the relevant fields.
6.3. Personal qualities
6.3.1. Ability to think strategically;
6.3.2. Able to plan and execute in a team setting;
6.3.3. Good analytical skills, including analysis of digital data; 6.3.4. Keeps high working standards;
6.3.5. Excellent communication skills;
6.3.6. Three or more languages, fluently spoken
7. Relations
7.1. Internal
For operational questions and activities – directly reporting to the COO.
For strategic questions, as well as, controlling processes – directly reporting to the Managing Director
The person is a direct line manager of employees as described in the Functional Description of the department.
7.2. External
7.2.1. with customers and suppliers of the group companies and their representatives;
7.2.2. with partners;
7.2.3. with state institutions
7.3. Rules for substitution: The person in this position may temporarily substitute for employees in the Finance department, as well as, employees of the finance department may temporarily substitute for him (or her).