We have a good opportunity for Chief Financial Officer with our Pharmaceutical Client to be based in Oran, Algeria.

Position: Chief Financial Officer (CFO)

City: Oran, Algeria

Reports to: CFO of the India-based parent company and GM Algeria.

Job Description-

Key Responsibilities:

1. Financial Strategy and Planning:

• Develop and execute financial strategies that align with the Parent Company’s goals and the
• subsidiary’s business objectives.
• Provide financial forecasts, budgets, and strategic plans to guide decision-making.
• Monitor key performance indicators (KPIs) and recommend actionable measures.

2. Financial Reporting and Compliance:

• Ensure accurate and timely financial reporting in accordance with local GAAP, IFRS, and Parent company guidelines.
• Liaise with auditors, tax authorities, and regulatory bodies to ensure compliance with local laws and
• international standards.
• Prepare financial statements and reporting packages for submission to the parent company.
• Implement robust internal controls to safeguard the company’s assets and financial integrity.

3. Treasury and Cash Flow Management:

• Manage the subsidiary’s treasury operations, including cash flow planning, banking relationships, and working capital optimization.
• Ensure efficient currency management and compliance with foreign exchange regulations.

4. Cost Optimization and Operational Efficiency:

• Drive cost control initiatives to optimize profitability and improve operational efficiency.
• Analyze cost structures and identify opportunities for value creation and process improvement.

5. Collaboration with Parent Company:

• Act as a key liaison between the Algeria subsidiary and the India-based parent company’s finance team.
• Align financial processes, policies, and reporting standards with the parent company’s requirements.
• Provide regular updates and insights to the parent company’s CFO regarding financial performance and challenges.

6. Leadership and Team Development

• Lead and mentor the local finance team to build a high-performing department.
• Foster a culture of accountability, collaboration, and continuous learning.

7. Strategic Business Partnering:

• Collaborate with local business leaders to support strategic initiatives and business growth.
• Provide financial insights to support decision-making on investments, expansions, and other key projects.

Qualifications:

• Education: Chartered Accountant (CA), Certified Public Accountant (CPA), MBA in Finance, or equivalent qualification.

Experience:

• Minimum of 12-15 years of experience in finance, with at least 5 years in a senior leadership role.
• Experience in multinational companies, preferably in the manufacturing or pharmaceuticals sector.
• Familiarity with Algerian financial regulations and international reporting standards.

Skills:

• Strong financial acumen and strategic thinking.
• Excellent communication and interpersonal skills to engage with cross-functional teams and global stakeholders.
• Proficiency in ERP systems (SAGE) and financial tools.
• Fluency in English and French (preferred).

Key Relationships:

• Reports to: CFO of the India-based parent company and GM Algeria
• Direct Reports: Local finance and accounting team (Headcount 3 currently).
• Internal Stakeholders: General Manager, Operations, Sales, and HR teams in Algeria.
• External Stakeholders: Auditors, tax authorities, banks, and local regulatory bodies.

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