Job No.

: AUB/HR/024-085

Job Title

: Chief Financial Officer (CFO)

Job Location

: Kabul Afghanistan

Vacancies

: 1 post(s)

Posting date

: 2024-12-12

Closing date

: 2025-01-12

Salary

: As per organization salary scale

Probation Period

: 3 Months

Gender

: Any

Nationality

: Any

Contract Type

: Full time

Contract Duration

: Permanent

Experience

: At least 10 years

Education

: Master degree

Languages

: Pashto, Dari, English,

Travel to provinces

: maybe

Job Description        
The Chief Financial Officer (CFO) is responsible for the Bank’s all fiscal operation/activities in accordance with the generally accepted accounting principles, internal policies, International Financial Reporting Standards, DAB regulations and other generally accepted accounting principle, such as cost accounting, budget and regulatory/governmental bodies reports ensuring the safeguard of Bank assets.

Duties & Responsibilities
  1. As a member of the Board of Management, the Chief Financial Officer will be involving in a range of strategic planning and internal initiatives, mainly in regard to financial issues.
  2. Actively managing the general ledger, inclusive of preparation and entry of monthly closings, adjusting and balancing accounts; general journal entries; account reconciliation; balance sheet and income statement analyses.
  3. Ensuring the accounting activities are carried out in accordance with the established internal, legal and regulatory procedures.
  4. Generating and preparation of consolidated monthly financial statements and reports incorporating financial analyses to senior management, board of supervisors and regulatory authorities.
  5. Manage all planning for periodically and year –end audit and tax filings.
  6. Supervise staff of finance department and develop /train/motivate the team as appropriate.
  7. Managing financial and accounting record in an accurate and confidential manner, in accordance with established internal and regulatory requirements
  8. Prepares, present and interprets financial reports to senior management, board of supervisors and auditors (internal or external)
  9. Adhere to the applicable tax laws and regulatory compliance to properly reflect the financial position   of the bank and ensures compliance with bank policies, procedures and regulatory directives.
  10. responsible for all short /long –term financial matters and for establishing company –wide financial and accounting objective, policies, programs, directives and practices that ensure a sound financial structure.
  11. Provide analysis regarding new business opportunities, new products, joint ventures, affiliations and making recommendations to the senior management.
  12. Establish and implement financial policy affecting budgets, cost and the expenditure of the bank.
  13. Ensure preparation and review of all month –end closing activities including general ledger maintenance, balance sheet reconciliations and corporate / overhead cost allocation.
  14. responsible to prepare complete year-end financial statements for audits including disclosures, statement of cash flow and complete work paper audit package.
  15. Direct key point of contact for external and DAB auditors.
  16. 16. Stay current on audit best practices and regulatory laws and regulation.
  17. Draft and maintain procedure manuals for all accounting and reporting functions and enhance the implementation of financial and accounting systems processes tools and control systems.
  18. Provide strategic recommendation to enhance financial performance based on detailed analysis and projections, cost identification and allocation as well as revenue/expense analysis.
  19. Compile and oversee short-term and long-term budgetary planning and costs management in alignment with bank’s strategic plan.
  20. Prepares reports and presentation for ALCO.
  21. Responsible for treasury management of bank.
  22. Other job-related duties as assigned by the Senior Management.

Job Requirement      
  • As a member of the Board of Management, the Chief Financial Officer will be involving in a range of strategic planning and internal initiatives, mainly in regard to financial issues.
  • Actively managing the general ledger, inclusive of preparation and entry of monthly closings, adjusting and balancing accounts; general journal entries; account reconciliation; balance sheet and income statement analyses.
  • Ensuring the accounting activities are carried out in accordance with the established internal, legal and regulatory procedures.
  • Generating and preparation of consolidated monthly financial statements and reports incorporating financial analyses to senior management, board of supervisors and regulatory authorities.
  • Manage all planning for periodically and year –end audit and tax filings.
  • Supervise staff of finance department and develop /train/motivate the team as appropriate.
  • Managing financial and accounting record in an accurate and confidential manner, in accordance with established internal and regulatory requirements
  • Prepares, present and interprets financial reports to senior management, board of supervisors and auditors (internal or external)
  • Adhere to the applicable tax laws and regulatory compliance to properly reflect the financial position   of the bank and ensures compliance with bank policies, procedures and regulatory directives.
  • responsible for all short /long –term financial matters and for establishing company –wide financial and accounting objective, policies, programs, directives and practices that ensure a sound financial structure.
  • Provide analysis regarding new business opportunities, new products, joint ventures, affiliations and making recommendations to the senior management.
  • Establish and implement financial policy affecting budgets, cost and the expenditure of the bank.
  • Ensure preparation and review of all month –end closing activities including general ledger maintenance, balance sheet reconciliations and corporate / overhead cost allocation.
  • responsible to prepare complete year-end financial statements for audits including disclosures, statement of cash flow and complete work paper audit package.
  • Direct key point of contact for external and DAB auditors.
  • 16. Stay current on audit best practices and regulatory laws and regulation.
  • Draft and maintain procedure manuals for all accounting and reporting functions and enhance the implementation of financial and accounting systems processes tools and control systems.
  • Provide strategic recommendation to enhance financial performance based on detailed analysis and projections, cost identification and allocation as well as revenue/expense analysis.
  • Compile and oversee short-term and long-term budgetary planning and costs management in alignment with bank’s strategic plan.
  • Prepares reports and presentation for ALCO.
  • Responsible for treasury management of bank.
  • Other job-related duties as assigned by the Senior Management

Skills                           
  • Strong presentation skills; experience creating professional presentations on business strategy, financial results and other topics.
  • Strong problem solving and creative skills and the ability to exercise sound judgment and make decision based on accurate and timely analysis.
  • Strong interpersonal skills, ability to communicate and manage well at all levels of the organization.

Submission Guideline
We invite qualified interested candidates to apply for the position by submitting their applications to jobs@afghanunitedbank.com, with a copy (cc) to info.bsd@dab.gov.af. Please include the vacancy announcement number in the subject line of your email. Only qualified and shortlisted applicants will be considered and invited for an interview. Thank you for your interest in joining our team!