Group Chief Finance Officer

LAUGFS Holdings Limited is one of the largest diversified business conglomerates and a trusted and well-loved home-grown business in Sri Lanka. Founded in 1995, LAUGFS today has expanded across 20 industries in Sri Lanka and overseas, establishing a strong presence as a leader and pioneer in the power and energy, retail, industrial, services, leisure and logistics sectors. With over 3,000 employees and an annual turnover exceeding Rs. 60 billion, LAUGFS continues to expand and empower nation as a trusted Sri Lankan brand.

The Role

• Ensure completion of annual audits of the Cluster.

• Direct the financial affairs of the Cluster and ensure timely submission of all management accounts and information reports as per the report calendar.

• Coordinate and direct the preparation of the budget and financial forecasts, institute and maintain other planning and control procedures (including the cost accounting system), and analyze and report variances.

• Ensure compliance with all statutory and tax requirements: CIT, Stamp Duty, VAT, NBT, BOI, ESC, PAYE, EPF, ETF.

• Be responsible for the company’s financial plans and policies, its accounting practices, and the conduct of its relationships with the financial community.

• Deal with corporate matters with external parties such as bankers, external auditors, and Government Institutions (IRD, Vendors, etc.) - Shared services/Group Finance/Internal Auditors.

• Ensure all balance sheet accounts, control accounts, and intercompany balances are reconciled monthly, with reviews conducted quarterly for the Cluster.

• Actively participate in strategy formulation, implementation, assessment, and achievement of strategic objectives of the company.

• Constantly monitor processes and suggest improvements where necessary for efficiency, and highlight cost savings in all areas of operations and finance.

• Ensure that Business Units have prepared monthly cash flow forecasts and discuss them with management for planning to arrange funds for the company's day-to-day operations requirements, working capital, and financial commitments.

• Together with the Finance Director, establish major economic objectives and policies for the company and prepare reports outlining the company’s financial position.

• Prepare board papers/memos and obtain board approvals.

• Conduct meetings to review and direct debtors, receivables, and payment follow-ups.

• Furnish internal reports, revise and update reports to be more useful and efficient, and furnish external reports as necessary.

The Requirements  ?

• The ideal candidate must possess a Bachelor's degree in Finance from a recognized university and a professional qualification in Finance (ACA/ACCA/CIMA) from a recognized institute with full membership.
• Candidates should possess at least 10 years of experience in Finance, including 3-5 years of post-qualified experience in a managerial role, independently handling the financial spectrum of a business.
• Candidates should have an inspiring personality, be exceptional team players with excellent communication skills, and have the ability to build strong relationships across all levels of the organization.

If you are confident that you have the right skills, knowledge and attitude as well as the passion to grow with us, please forward your resume to careers@laugfs.lk within 10 days of this notice, stating two non-related referees and mentioning the post applied for in the subject line.