Job Description
HEAD OF FINANCE
CBC Finance PLC is aiming for growth and stability as a leading Sri Lankan finance institution backed by the Commercial Bank of Ceylon PLC, focusing on superior service, digital growth, and community benefit. We emphasize integrity, fairness, and responsible citizenship, creating a positive environment for employees. To facilitate our continued expansion and pursuit of excellence, we are actively seeking professional achievers to join our team as the Head of Finance.
JOB SUMMARY
The role involves managing the Finance Department function and handling inter-departmental coordination. Responsible for financial reporting and planning as per Accounting Framework of the Country, responsible for Statutory Reporting (e.g. Central Bank of Sri Lanka, Department of Inland Revenue, Colombo Stock Exchange) and handling correspondence with Department of Inland Revenue. The position requires a strategic leader to oversee treasury, tax administration and internal control frameworks to support the company's strategic direction.
JOB PROFILE
- Effectively manage company finances, including borrowing costs, assets, and liabilities.
- Actively contribute to organizational strategy development by challenging assumptions through robust analysis and insights.
- Provide oversight to investment/equity portfolios, fixed income securities and management of security transactions.
- Oversee the preparation of weekly, monthly and quarterly financial reports in compliance with SLFRS and other relevant standards.
- Coordinate with tax consultants to direct tax planning and ensure all tax administration (VAT, WHT, Income Tax, etc.) meets regulatory requirements.
- Identify internal control weaknesses and implement policies, systems and mitigating steps for key risk elements.
- Strengthen MIS processes and provide leadership to the finance team by delegating tasks and managing KPIs.
- Evaluate alternative long-term borrowing strategies and make recommendations to the Asset and Liability Committee (ALCO).
PERSONAL PROFILE
- Bachelor's degree in Accountancy or a related field from a recognized university.
- Professional membership in ICASL, ACCA, CIMA, or an equivalent body; an MBA or ACMA will be a distinct advantage.
- Minimum 10 years of post qualifying experience in a reputed NB/F or Financial Institution, with at least 5 years in a senior leadership or similar capacity.
- Expert knowledge of SLFRS/Framework, Tax laws, and statutory requirements of CBSL, LRD, and CSE.
- Expert knowledge of Finance Management, SLFRS 9 principles (including impairment models), and Local Tax regulations.
- Strong ERP knowledge; system implementation relating to Finance Modules will be a distinct advantage.
- Sound interpersonal skills, including leadership, communication, persuasion, and the ability to exercise sound judgment.
The remuneration package for the above position is very competitive and the rewards are performance driven.
If you are confident that you can fulfil the above requirements, please send us your application with contact details of two non related referees to [email protected] within 14 days of this advertisement indicating the position applied for on the subject line of the email. Company reserves the right to communicate with the short-listed applicants only.
Human Resources Department, CBC Finance PLC
www.cbfinance.lk
