- Permanent job opportunity
- Great remuneration & benefits
- Fast pace environment
- Location: Nepal
Job Overview:
The Group CFO is responsible for overseeing all financial aspects of the organization, ensuring financial stability, and contributing to the overall strategic direction of the company.
Responsibilities:
Financial Planning and Strategy:
- Develop and implement financial strategies, policies, and plans aligned with the organization's goals.
- Provide financial insights and recommendations to the executive team for decision-making.
- Lead the budgeting and forecasting processes.
Financial Reporting and Analysis:
- Oversee the preparation and analysis of financial reports, ensuring accuracy and compliance with local regulations.
- Present financial reports to the board of directors, executive team, and other stakeholders.
Risk Management:
- Identify and manage financial risks, proposing strategies to mitigate potential threats.
- Implement effective internal controls and compliance measures.
Treasury Management:
- Manage cash flow, liquidity, and investments to optimize the organization's financial position.
- Monitor banking relationships and negotiate financing agreements.
Tax and Regulatory Compliance:
- Ensure compliance with all local and international financial regulations and tax laws.
- Work closely with external auditors and regulatory bodies as needed.
Mergers and Acquisitions:
- Assess the financial feasibility of mergers, acquisitions, and other strategic initiatives.
- Lead financial due diligence processes.
Team Leadership:
- Build and lead a high-performing finance team.
- Provide mentorship and guidance to team members.
Stakeholder Relations:
- Collaborate with internal and external stakeholders, including investors, to communicate financial performance and strategy.
Requirements:
- Minimum of a Bachelor's degree in Finance, Accounting, or related field; a Master's degree or professional qualification (e.g., CA, CPA, CFA) is often preferred.
- Proven experience as a CFO or in a senior finance role.
- Strong knowledge of financial regulations, accounting principles, and financial management.
- Experience in managing complex financial situations, including mergers and acquisitions.
- Familiarity with the business environment and regulations
- Section 57 of the Income Tax Act, 2058*
Applicability:
- Section 57 typically applies to transactions involving the transfer of certain assets, and it is aimed at preventing tax evasion through undervaluation of property.
Transfer of Assets:
- The section may come into play when there is a transfer of assets, including land, building, or any other property, whether tangible or intangible.
Fair Market Value:
- Section 57 empowers the tax authority to disregard the declared value of the transferred assets if it is deemed to be below the fair market value.
Authority to Assess Fair Market Value:
- The tax authority has the authority to assess the fair market value of the transferred assets based on its own valuation mechanisms.
Undervaluation Penalties:
- If the tax authority determines that the declared value is lower than the fair market value, it may impose additional taxes or penalties on the taxpayer.
Procedures and Rules:
- The section may outline procedures and rules regarding the determination of fair market value and the process for disputing such valuations.
Documentation Requirements:
- Taxpayers may be required to maintain proper documentation and evidence to support the declared values of the transferred assets.
HOW TO APPLY:
Interested applicants, kindly send your resume in MS WORD format to [email protected] or please click on “Apply Now” and provide the below details in your resume.
We regret only shortlisted candidates will be notified.
Important Note: Trust Recruit Pte Ltd is committed to safeguarding your personal data in accordance with the Personal Data Protection Act (PDPA).
Please read our privacy statement on our corporate website www.trustrecruit.com.sg.
Trust Recruit Pte Ltd
EA License No: 19C9950
EA Personnel: Hooi Wai Man (Samantha)
EA Personnel Reg No: R21100062
