Chief Financial Officer (CFO)

at Rainbow Foam and Mattress factory
Location Addis Ababa, Ethiopia
Date Posted August 7, 2020
Category Accounting
Job Type Full-time
Currency ETB


The Chief Financial Officer (CFO) of a company has primary responsibility for the planning, implementation, managing and running of all the finance activities of a company, including business planning, budgeting, forecasting and negotiations.

Duties and Responsibilities 

  • Provide strategic direction and management of the Finance and Accounting functions and ensures alignment to company's goals leading to value creation
  • Participate in preparation of the Annual Plan and Strategic Business Plans that improve the efficiency and long-term profitability of the business
  • Ensure the design of a robust business-decision-making framework, driving through process improvements and change initiatives that enable the budgeting, forecasting and reporting to be carried out in a consistent and effective manner
  • Proactively participate in benchmarking studies of peers including but not limited to pricing, COGS, overheads, processing costs along with cash flows and balance sheet ratios
  • Ensure compliance with the company's policies, procedures, and local statutory regulations. Manage Statutory and Internal Auditors
  • Protects and preserve the company's assets to comply with financial reporting and control requirements
  • Establish company-wide standards for systems, data, and processes and initiate periodic updates of financial policies and procedures
  • Conduct/review financial feasibility studies of new projects to assure that those projects are in line with company's investment/business strategy
  •  Build constructive relationships with key financial institutions and assure that all loan covenants are compiled with
  • Review the daily bank status reports and cash flow forecasts and initiate the necessary directive to optimize the use of cash across company's operations.
  • Identify and plan for foreign exchange requirements and currency exposure

Job Requirements

Qualifications and Requirements

  • Bachelor of Arts in Business Management, Business Administration or relevant field; MSc/MA is a plus
  • Experience 10+ years and minimum of 5 years in Manufacturing Managerial positions
  • Experience in planning and budgeting
  • Knowledge of business process and functions (finance, HR, procurement, operations etc.
  • Strong analytical ability
  • Excellent communication skills
  • Outstanding organizational and leadership and problem-solving skills


Applying Instructions

Applicants please send your cv to or online at

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