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VAC4132 - Chief Finance Officer (CFO), DP World Kigali Logistics Platform

Division Finance
Location Kigali, Rwanda
Department DPW CORP MEA – DEP
Closing Date 10-May-2018
About the role

This position is responsible for developing both short and long-term strategic financial objectives and assuring business decisions are consistent with those objectives. The CFO is responsible for disseminating financial results and relevant analytics to the senior leadership team and certain external parties.

The role demands an understanding of the Logistics Business, with technical skills in project appraisal and corporate finance. The job also needs a level of commercial drivers of projects and other elements of project structuring. The successful candidate will also bring demonstrable experience in all financial related activities including Budgeting, Cost Control, Financial Reporting, Accounts, Audit, Taxation, Insurance, Banking and Treasury.

Reporting to the CEO of Kigali Logistics Platform this role is also responsible to ensure budget templates are prepared by Finance & Accounts team. 

Key Accountabilities

The professional will be responsible for all financial activities to ensure that the regions and local business units are optimally operating and in synergy with the group goals and as a recently established division, the post would require entrepreneurial spirit for DP World Group’s profitable business growth.

Budgeting

  • Ensure budget templates are prepared by Finance & Accounts team and handed over to Head of Departments
  • Compare the proposed budgets with previous year’s actual to spot trends and unusual happenings
  • Ensure accuracy of annual budget preparation for all the departments and consolidation of the budgets
  • Ensure adherence to the allocated budgets
  • Participate in all budgetary meetings

Accounting functions

  • Define and ensure the implementation of internal control systems
  • Define and ensure the implementation of accounting policies as per accounting standards and the relevant regulations
  • Monitor accounting masters such as creation of new accounts, deletion of accounts
  • Ensure timely processing of accounts payable
  • Ensure management of accounts receivable, credit and collections
  • Ensure reconciliation with banks
  • Ensure timely processing of accounts payable, salaries and other payments
  • Ensure management of accounts receivable, credit and collections
  • Manage accounts payable turnover ratio

 

Preparation of financial statements

  • Ensure timely preparation of books of account
  • Ensure proper recording of entries in books of accounts
  • Ensure proper maintenance of books of accounts
  • Ensure proper coordination with statutory auditors
  • Manage preparation of profit & loss statement and balance sheet

 

Financial reporting

  • Check all financial reports prepared
  • Ensure timely completion of reporting
  • Collect information relating to capital expenditure payments and update on a regular basis for the purpose of Cash Flow projections
  • Profit and Loss account budget vs actual

 

General

  • Evaluate purchasing transactions and procedures; implement modifications to increase cost-effectiveness of the purchasing program
  • Coordinate with Procurement Manager and approve requests for procurement of Supervisory Functions
  • Analyse, evaluate, and ensure implementation of the purchasing policies and procedures
  • Assist in preparation of cost studies related to various projects and proposals
  • Manage liaison with various statutory bodies: Banks, Financial Institutions, Government officials for various sanctions and permissions, Social Security, Tax
  • Manage auditing. Ensure effective coordination with internal and external auditors and Ensure corrective action
  • Establish and implement Performance Testing Standards and Best Practices for the department
  • Develop, implement and enforce department’s policies, procedures, and guidelines in coordination with the general management of DP World
  • Plan and monitor training programs for department personnel
  • Plan average working capital turnover ratio
  • Manage cash to cash cycle time
  • Perform periodical scheduled performance review with reporting personnel
  • Provide regular process control checks, initiate and support performance improvement activities
Qualifications, Experience and Skills
  • Minimum 15 years progressive management experience in finance, accounting department(s) of large corporation(s) and preferably in logistics companies
  • Minimum 5 years’ experience as Senior of finance
  • Chartered Accountant / CPA
  • 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
  • Team Player
  • Bachelor Degree/graduate in accounts/ management accounting related studies
  • Language: Fluency in English is a must, in addition Arabic is preferable

 

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

DP WORLD IMPERSONATED IN A RECRUITING SCAM

Dubai, UAE :DP World, Ltd. (DP World) alerts job applicants and the public about a fraudulent scheme in which DP World has been impersonated.

The scammers fraudulently:
  • Impersonate DP World;
  • Impersonate DP World employees;
  • Conduct “job interviews” via text message, telephone, e-mail, and/or instant message (including Google Hangout) communications for work-from-home positions;
  • “Hire” employees to join DP World;
  • Provide the “employees” with funds to buy home-office equipment and pay DP World “vendors” via fraudulent checks and money orders; and
  • Instruct the “employees” via e-mail, text message, telephone, or instant message to deposit the checks into their personal bank accounts and wire or cash transfer some portion of the funds to “vendors,” which are actually the scammers.
DP World informs job applicants and the public that:
  • DP World is not expanding its operations in the United States in the next 3-6 months (as the scammers allege);
  • DP World’s operations in the United States are currently limited to Charlotte, North Carolina and are not expanding to any other locations for the foreseeable future;
  • DP World does not solicit potential employees via text message or instant messaging;
  • DP World does not interview employees by text message, e-mail, or instant messaging (including Google Hangouts);
  • DP World does not issue payment to its employees, prospective or otherwise, via paper check or money order;
  • DP World does not require employees to buy their own office equipment or personally pay vendors; and
  • The scammers have fraudulently used the name of DP World and its employees without authority and for malicious purposes.

One of the red flags that distinguishes a false communication from a legitimate DP World communication is the poor grammatical use of the English language, which is apparent in conversations with the scammers. Another red flag is the method of communication as DP World does not use commercially-available e-mail providers. No legitimate DP World communication would come from a common, publicly-available email service like Gmail, Hotmail, Yahoo Mail or Microsoft Outlook.

Further, false communications can also be identified by the tasks requested by the scammers. DP World does not request that its employees pay vendors personally, whether from their own funds or from funds provided by DP World. Likewise, DP World would never ask an employee to cash a check or money order and then make a deposit into a vendor’s account.

Contacted individuals should not respond to any communication regarding the scam, and under no circumstances should any individual deposit any checks, money orders, or other payments from the scammers into their bank accounts. If such funds are for some reason deposited, no payments should be made from those funds for at least seven (7) days after the funds are deposited to ensure the individual’s bank has accepted the check, money order, or other payment.

DP World encourages potential employees to refer to its website and its “Careers” section if they are seeking employment with DP World.

If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by DP World, you should direct your concerns to DP World at HO.Recruitment@dpworld.com.

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