Overview
Chief Financial Officer (CFO) – Morocco Jobs in Mechouar, Casablanca-Settat, Morocco at Achyutam International – Consulting in HR & Finance
Title: Chief Financial Officer (CFO) – Morocco
Company: Achyutam International – Consulting in HR & Finance
Location: Mechouar, Casablanca-Settat, Morocco
Job Description Chief Financial Officer (CFO)
Position : Chief Financial Officer (CFO)
Direct Reporting: Chief Executive Officer (CEO)
Functional Reporting: Group Chief Financial Officer
Location: Morocco
Position Summary
The Chief Financial Officer (CFO) is responsible for leading the overall finance function, driving financial strategy, safeguarding the organization's financial health, and serving as a strategic business partner to the executive leadership team. The role oversees financial planning and analysis, accounting and reporting, treasury, working capital, risk management, governance, tax, compliance, internal controls, and finance transformation initiatives.
The CFO will ensure robust financial stewardship while supporting business growth, profitability, liquidity, and operational excellence in a dynamic, working-capital-intensive environment.
Key Responsibilities
Financial Leadership, Strategy & Business Partnership
- Serve as a key member of the Executive Leadership Team, contributing to strategic, commercial, operational, and investment decisions.
- Develop and execute financial strategies aligned with organizational objectives and long-term growth plans.
- Provide financial insight and challenge commercial decisions related to pricing, sourcing, customer credit, capital allocation, and investment priorities.
- Partner with business leaders across sales, procurement, supply chain, operations, and logistics to optimize financial performance.
- Advise senior leadership on financial performance, risks, opportunities, and strategic alternatives.
- Promote a culture of financial discipline, accountability, and performance management throughout the organization.
Financial Planning, Budgeting & Forecasting
- Lead the annual budgeting process, rolling forecasts, and medium-to-long-term financial planning.
- Develop financial models and scenario analyses to assess business opportunities and risks.
- Conduct sensitivity analysis related to commodity prices, foreign exchange fluctuations, freight costs, financing costs, and market dynamics.
- Monitor actual performance against budget and forecast commitments.
- Drive accountability across business functions for financial targets and performance outcomes.
- Support strategic decision-making through accurate forecasting and business planning.
Management Reporting & Performance Analysis
- Deliver timely and accurate monthly, quarterly, and annual management reports.
- Provide meaningful performance insights, trends, risks, and recommendations to executive management.
- Analyze profitability by product, customer, channel, business segment, location, and operational activity.
- Conduct variance analysis against budgets, forecasts, and prior periods.
- Develop and maintain financial KPIs, dashboards, and management reporting tools.
- Identify performance improvement opportunities and support implementation of corrective actions.
Financial Accounting, Reporting & Consolidation
- Oversee timely month-end and year-end closing processes.
- Ensure accuracy and integrity of financial records, ledgers, reconciliations, and reporting.
- Manage accounting estimates, provisions, accruals, inventory valuation, receivables, and other key financial judgments.
- Ensure compliance with local statutory accounting requirements and IFRS reporting standards.
- Lead group reporting and consolidation activities within defined reporting timelines.
- Maintain audit-ready financial records and documentation.
Corporate Governance & Group Coordination
- Ensure compliance with corporate governance standards, delegated authorities, policies, and financial controls.
- Support group reporting, external disclosure, audit, compliance, and regulatory requirements.
- Manage related-party transactions and intercompany reconciliations.
- Collaborate closely with Group Finance, Treasury, Tax, Legal, Risk, Compliance, and Internal Audit teams.
- Proactively communicate and escalate significant business, financial, operational, tax, and compliance risks.
Treasury, Liquidity & Trade Finance
- Manage short-term and long-term cash flow forecasting and liquidity planning.
- Maintain strong banking relationships and negotiate financing arrangements.
- Oversee credit facilities, trade finance instruments, letters of credit, guarantees, and import financing programs.
- Monitor financial covenants, debt obligations, funding requirements, and financing costs.
- Ensure effective controls over cash management, banking access, payments, and authorized signatories.
- Coordinate funding requirements and capital movement activities with corporate treasury functions.
Working Capital & Credit Risk Management
- Drive optimization of working capital through effective management of receivables, inventory, and payables.
- Establish and monitor customer credit policies, limits, and collection processes.
- Manage bad debt provisions and customer credit exposure.
- Monitor inventory levels, stock aging, inventory valuation, and slow-moving or obsolete stock.
- Balance liquidity objectives with supplier relationships and operational requirements.
- Improve cash conversion cycles and overall working capital efficiency.
Commodity, Foreign Exchange & Financial Risk Management
- Monitor and report commodity price risk and foreign exchange exposure.
- Provide independent oversight of risk management processes and exposure reporting.
- Support hedging activities within approved governance frameworks.
- Ensure compliance with risk limits, policies, delegated authorities, and financial controls.
- Provide regular reporting on risk exposure and mark-to-market positions.
Cost Management & Operational Finance
- Drive cost optimization initiatives across logistics, warehousing, transportation, handling, storage, procurement, and overhead functions.
- Provide financial analysis relating to landed costs, operating costs, and profitability.
- Partner with operational teams to improve efficiency and control costs.
- Evaluate and challenge operational investment and cost-reduction proposals.
- Support decision-making using financial and operational performance data.
Capital Expenditure & Investment Evaluation
- Govern capital expenditure planning, approval processes, and investment prioritization.
- Evaluate investment opportunities using sound financial analysis and business cases.
- Ensure alignment with approved capital governance and authorization frameworks.
- Conduct post-investment evaluations and benefit realization reviews.
- Support acquisitions, joint ventures, integrations, and business expansion projects as required.
Tax, Customs & Regulatory Compliance
- Ensure timely compliance with all corporate tax, VAT, withholding tax, customs, and statutory filing requirements.
- Oversee transfer pricing policies and intercompany arrangements.
- Coordinate with tax advisors and authorities regarding audits, assessments, and compliance matters.
- Monitor regulatory developments and assess business impact.
- Maintain comprehensive tax records and compliance calendars.
Internal Controls, Audit & Compliance
- Maintain a strong internal control environment across finance and operational processes.
- Ensure effective segregation of duties, approval authorities, and governance procedures.
- Manage financial risk registers and remediation of control gaps.
- Lead external, internal, and statutory audit activities.
- Ensure timely implementation of audit recommendations and corrective actions.
- Promote a culture of transparency, ethics, compliance, and accountability.
Finance Systems & Process Improvement
- Oversee finance-related ERP systems, chart of accounts, master data, and reporting structures.
- Drive automation, digitization, and process optimization initiatives.
- Improve data quality, reporting efficiency, and financial controls.
- Standardize finance processes and reporting methodologies across the organization.
- Support finance transformation and continuous improvement programs.
Leadership & Talent Development
- Lead, coach, mentor, and develop a high-performing finance team.
- Build strong capabilities in financial planning, management accounting, treasury, controls, and business partnering.
- Establish clear roles, responsibilities, and performance expectations.
- Drive succession planning and employee development initiatives.
- Foster a culture of collaboration, integrity, accountability, and continuous learning.
Qualifications
Required
- Bachelor's Degree in Finance, Accounting, Economics, Business Administration, or a related discipline.
- Professional accounting qualification.
Preferred
- CA, CPA, ACCA, CIMA, CMA, Expert Compatible, or equivalent.
- MBA or relevant postgraduate qualification.
- IFRS certification or formal IFRS training.
- Additional qualifications in Treasury, Tax, Risk Management, or Corporate Finance are advantageous.
Experience
Required
- Approximately 15+ years of progressive finance experience.
- Experience in a CFO, Finance Director, Head of Finance, or Senior Finance Leadership role.
- Strong background in budgeting, forecasting, treasury, working capital, tax, audit, controls, and financial reporting.
- Experience within manufacturing, commodities, agriculture, logistics, trading, distribution, or other working-capital-intensive industries.
- Experience with multinational organizations and IFRS reporting environments.
- Proven track record of leading and developing finance teams.
Preferred
- Experience with listed companies or subsidiaries of listed organizations.
- Experience reporting to regional or international headquarters.
- Exposure to commodity trading, foreign exchange risk, and trade finance.
- M&A, business integration, and ERP implementation experience.
- Experience operating across multiple countries and diverse business environments.
Skills & Competencies
Technical Competencies
- Financial Strategy & Business Planning
- Financial Reporting & IFRS
- Budgeting, Forecasting & FP&A
- Treasury & Cash Flow Management
- Trade Finance & Banking
- Working Capital Management
- Risk Management & Internal Controls
- Taxation & Regulatory Compliance
- Audit & Corporate Governance
- Capital Investment Evaluation
- ERP & Financial Systems Management
Language Requirements
- English Fluent/Professional Proficiency
- French Fluent/Professional Proficiency
- Arabic Business Proficiency
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