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VAC4059 - Chief Finance Officer - DP World Sokhna

Division Finance
Location Sokhna, Egypt
Closing Date 23-Aug-2017
About the Role DP World Middle East & Africa Region is currently looking to recruit a Chief Finance Officer (CFO) to be based at DP World Sokhna, Egypt. Reporting to the Chief Executing Officer (CEO) of DP World Sokhna  this role will be responsible for all financial related activities including Budgeting, Cost Control, Financial Reporting, Accounts, Audit, Taxation, Insurance, Banking and Treasury. Under the present Organization Procurement and inventory are also reporting to the CFO.
Key accountabilities

The position is required to continuously analyse complex issues and work towards enhancements on existing practices & procedures and find means to maximize value creation and minimize risk for the company.

  • Ensure prompt and correct accounting, finalization of the accounts and audit without any adverse remarks.
  • The position is required to continuously analyse complex issues and work towards enhancements on existing practices & procedures and find means to maximize value creation and minimize risk for the company.

  • Capex - evaluate the proposals, budget, analyses and control. Critical role in timely implementation of new projects
  • Liaise with banks and lending institutions. Arrange long term funds and working capital as required
  • Train and Develop the subordinates and ensure their safety and work life balance
  • Prepare Opex and Capex budgets on time in coordination with all other departments
  • Bring out timely, accurate and effective financial / MIS reports showing profitability, variance etc. and the reports to the RO and HO.
  • Manage funds of the company and ensure smooth flow of funds and cash
  • Analyze viability of business plans and arrange fund for its implementation
  • Implement advises of the RO, Board, internal and external auditors
  • Ensure adequate internal control in all matters and processes of the company
  • Identify and implement methods to save capital costs, operating cost and tax
  • Comply with Authority Limits, Statutes and Legal requirements
  • Ensure insurance of both movable and immovable assets of the company
  • Ensure timely procurement complying with DPW policy & procedures on purchase matters
  • Ensure effective commercial control over business transactions and inventory
  • Ensure internal customer satisfaction in the activities of Finance, IT and Purchase functions
  • Monitor Debtors, cash flows and inventory and take remedial action where required
  • Liaise with Regional office and Head office as required. Timely submission of reports to Head Office & Regional Office
  • Involve in the process of wage fixation and implement increment structure
  • Analyze financial, tax and legal implications of commercial terms proposed with customers
  • Provide support in commercial decisions like pricing, incentives, discounts etc
  • Ensure legal, statutory and company policy compliance in all transactions.
  • Ensure timely and accurate accounting in compliance with statutory requirements and international standards.
  • The incumbent is responsible for establishing a performance and risk management framework, in addition to establishing a control, compliance and governance framework.
  • The CFO leads the procurement function within the terminal and ensures that professional procurement processes are implemented and followed for capital and operating expenditure.
  • Develops and executes the financial strategy of the company, ensuring that the company at all times maximizes value, pro-actively mitigates risk and is financially strong
  • Any other task entrusted by the management 
Experience and Qualifications

In order to give credible support to the organization and be successful in this role, the ideal candidate will have the following experience, skills and qualifications:

  • Minimum 15 years progressive management experience in finance, accounting department(s) of large corporation(s) and preferably in port / shipping industry. Understanding of Port Operations and shipping industry and an ability to relate with shipping company and other associated industry managers is seen as an advantage.
  • About 5 years’ experience as head of finance of a large business house
  • Chartered Accountant / CPA
  • Excellent communication and organizational skills
  • Excellent analytical skills and administrative skills
  • Ability to provide leadership, obtain cooperation and assistance to meet objectives, and promote a team environment.
  • Strategic mind-set, with ability to drive strategic initiatives while providing vision and empower others to take action by effectively delegating.
  • Understanding of project financing, project implementation and management of budget, time and scope.
  • Extensive knowledge of financial planning, accounting and reporting, procurement and inventory control systems.
  • Knowledge of taxation, customs, import procedures and engineering purchase
  • Familiar with specialized financial, accounting and management software’s. Excellent computer skills ( report writers, MS applications)
  • Familiar with local regulatory procedures
  • Excellent spoken and written knowledge of Arabic will be an advantage but  written and spoken knowledge English is must.
Remuneration and Benefits

We are committed to the development of our people and aim to retain talent by investing in ongoing training to improve performance and provide career development opportunities.  In addition, we offer competitive base salaries and benefits in comparison to the markets in which we operate. 

About the Business

DP World[1] is a leading enabler of global trade and an integral part of the supply chain.

We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.

We have a portfolio of 78 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring everything we do has a long-lasting positive impact on economies and society.

Our dedicated team of over 36,500 employees from 103 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, to add value and provide quality services today and tomorrow.

Container handling is the company’s core business and generates more than three quarters of its revenue. In 2016, DP World handled around 64 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 84.6 million TEU is expected to rise to more than 100 million TEU by 2020, in line with market demand.

By thinking ahead, foreseeing change and innovating we aim to create the most productive, efficient and safe trade solutions globally.

[1] As of April 2017

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