Chief Financial Officer

Recruiter
Ansa McAl Group of Companies - Financial Services Sector
Location
Trinidad and Tobago (TT)
Salary
TT$35,000.00 - $40,000.00
Posted
24 Oct 2019
Closes
23 Nov 2019
Ref
23102019
Job role
CFO
Sector
Banking and financial services
Contract type
Permanent
Hours
Full time

A senior member of the Management team supporting the Managing Director in all areas of managing the business with a particular focus on financial planning, reporting and financial control. Manages all corporate financial activities in accordance with established policies and procedures. Responsible for all financial functions including: financial accounting and reporting; cash control; investment accounting; relationships with financial institutions; relationships with the Central Bank and other regulatory bodies; insurance and taxation. Participates in, accepts and rejects decisions for proposed capital expenditures and assesses the potential financial impact of these proposals. A key driver of the Annual Corporate Planning process.

 

  • Oversees and drives the process of preparation of the Company’s financial plans and budgets (Financial planning and inputs for the annual Corporate Plan exercise).
  • Monitor departmental and overall profitability monthly and recommend strategies, policies and practices to ensure the attainment of budgeted profits.
  • Participate and facilitate any exercise in the conduct of assessments on the risk profile of the Bank, recommending mitigates to excessive risks.
  • Analysis and interpretation of financial data and recommend changes to improve systems and financial performance.
  • Active member of the Bank’s Asset and Liability Committee (ALCO).
  • Owns the taxation process in the Bank ensuring that all tax efficiency is maintained, tax computations are accurate and statutory requirements of taxation are complied with in full.
  • Oversee and manage all sub-ledgers of the Company’s Investments, Merchant Banking, Fixed Deposits and Loans
  • The CFO must always have a ‘big picture’ view, considering and addressing the major risks of the Bank and the supporting role that finance has to its profit centres while ensuring that financial control at the process level is maintained at all times.
  • Management of expenses as budgeted. 
  • Monitoring and reporting of cost of funds.
  • Oversee the monthly, quarterly and annual preparation of the Consolidated Financial Statements. 
  •  Submission of financial reporting to ANSA McAL in accordance with established deadlines. 
  • Submission of Central Bank reports in accordance with established guidelines.
  • Submission of Regulatory requirements (TTSE, SEC, BIR, other as applicable) within established guidelines. 
  • Prepare and ensure timely and accurate submission of financial and statistical reports for Management, Board of Directors and Head Office as required.
  • Establish and implement an internal audit program and monitor on an on-going basis.
  • Co-ordinate and manage both internal and external auditors including Central Bank. 
  • Oversee and administer the financial and accounting systems, controls and standards.
  • Responsibility for compliance with Regulatory Authorities (CBTT, SEC, TTSE).
  • Responsible for the day to day management of duties of team members in accounting, ensuring that duties are allocated to ensure that processes remain efficient and financial control is maintained at all times.
  •  Responsible for the development of staff through coaching and support development of all accounting team members.