Chief Financial Officer

Chief Financial Officer (CFO)

Company: Daily Food Ghana Limited

Position Summary

The Chief Financial Officer (CFO) is responsible for the overall financial leadership, operational discipline, profitability, governance, and strategic growth of Daily Food. The CFO will act as the CEO’s business partner, ensuring the company achieves world-class financial controls while supporting the transformation into one of Africa’s leading bakery and FMCG manufacturers.

The CFO will oversee Finance, Accounting, Procurement, Cost Control, Internal Audit, Banking, ERP (Sage), Reporting, Risk Management, Treasury, and Business Intelligence.

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Key Responsibilities

1. Financial Leadership

* Lead all accounting and finance operations

* Produce accurate monthly, quarterly and annual financial statements

* Manage P&L, Balance Sheet and Cash Flow

* Maintain General Ledger accuracy

* Ensure month-end closing within 5 working days

* Develop annual budgets and rolling forecasts

* Monitor financial KPIs daily

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2. Cash Flow & Treasury Management

* Daily cash flow forecasting

* Optimize working capital

* Banking relationship management

* Foreign exchange management

* Letter of Credit management

* Supplier payment planning

* Customer collections supervision

* Debt management

Target:

* Zero cash shortages

* Positive operating cash flow

* Minimum 3 months liquidity visibility

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3. Cost Control & Profitability

Own the profitability of the company through continuous cost optimization.

Including:

* Product costing

* Standard costing

* Manufacturing variance analysis

* Labour productivity

* Factory overhead control

* Utility cost monitoring

* Distribution cost analysis

* Warehouse cost optimization

* Transport cost allocation

* Margin analysis by:

* Product

* Customer

* Country

* Salesman

* Route

Monthly objective:

Increase Gross Margin while reducing operating costs.

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4. Manufacturing Finance

Work closely with Production.

Monitor:

* Yield

* Waste

* Scrap

* Production efficiency

* Machine utilization

* OEE

* Downtime cost

* Labour efficiency

* Packaging losses

Develop daily factory financial dashboards.

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5. Inventory Management

Responsible for inventory accuracy.

Including:

* Stock reconciliation

* Cycle counting

* Batch control

* Expiry management

* Slow moving inventory

* Dead stock reduction

* Inventory turnover

* Warehouse valuation

Target:

Inventory accuracy above 99%.

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6. ERP & Digital Transformation

Lead the implementation and optimization of Sage ERP.

Develop:

* Automated dashboards

* Real-time reporting

* Power BI reports

* Management dashboards

* Mobile KPI reporting

* AI reporting tools

* Financial automation

Objective:

Eliminate manual Excel reporting.

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7. Internal Controls & Governance

Implement strong financial discipline.

Including:

* Approval matrix

* Delegation of authority

* Procurement controls

* Expense policy

* Fraud prevention

* Internal audits

* Compliance

* SOP implementation

Target:

Zero fraud.

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8. Procurement Finance

Work alongside Purchasing.

Control:

* Purchase prices

* Supplier performance

* Payment terms

* Import costs

* Freight optimization

* Customs costs

* Inventory planning

Develop purchasing savings programs.

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9. Commercial Finance

Partner with Sales.

Provide analysis on:

* Customer profitability

* Sales incentives

* Credit limits

* Pricing strategy

* Promotions ROI

* Market profitability

* Export profitability

Develop pricing models by country.

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10. Banking & Investor Relations

Lead relationships with:

* Banks

* Investors

* Auditors

* Tax authorities

* Insurance companies

Prepare:

* Board reports

* Investor presentations

* Financial models

* Due diligence documents

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11. Tax & Compliance

Ensure compliance with:

* Ghana Revenue Authority

* VAT

* Corporate tax

* PAYE

* SSNIT

* Transfer Pricing

* Customs regulations

Ensure timely filings.

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12. Performance Management

Develop company KPIs.

Monitor daily:

* Sales

* Production

* Cash

* Inventory

* Collections

* Profitability

* Factory efficiency

* Distribution cost

* EBITDA

Present weekly Executive Reports.

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13. Strategic Growth

Support expansion across West Africa.

Develop financial models for:

* New factories

* Warehouses

* Toll manufacturing

* Export subsidiaries

* Acquisitions

* Investments

Support fundraising and international growth.

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Leadership Responsibilities

Lead and develop:

* Finance Department

* Cost Accounting

* Treasury

* Procurement Finance

* Internal Audit

* Business Intelligence

* ERP Team

Build a high-performance finance culture.

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KPIs

The CFO will be measured on:

* EBITDA Growth

* Net Profit Margin

* Gross Margin Improvement

* Cash Conversion Cycle

* Working Capital

* Inventory Turnover

* Stock Accuracy (>99%)

* Month-End Closing (≤5 days)

* Forecast Accuracy (>95%)

* Budget Compliance

* Collection Days (DSO)

* Supplier Payment Optimization (DPO)

* ERP Adoption

* Internal Audit Score

* Procurement Savings

* Distribution Cost Reduction

* Manufacturing Cost Reduction

* Return on Investment (ROI)

* Operating Cash Flow

* Finance Team Development

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Qualifications

* Chartered Accountant (ACCA, CPA, CA, CIMA or equivalent)

* MBA (preferred)

* Minimum 10 years of finance leadership experience

* At least 5 years as Finance Manager or CFO in FMCG or Manufacturing

* Strong experience with ERP systems (Sage, SAP, Oracle or Microsoft Dynamics)

* Excellent knowledge of manufacturing costing, inventory control, treasury, taxation and business analytics

* Experience with multinational operations and export businesses is a strong advantage

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Leadership Competencies

* Strategic thinking

* Results-oriented mindset

* Strong commercial acumen

* Data-driven decision making

* High integrity and ethical standards

* Excellent leadership and people development

* Ability to work under pressure

* Continuous improvement mindset

* Excellent communication and stakeholder management

* Strong negotiation and problem-solving skills

Qualifications & Experience

The ideal candidate must possess:

* Chartered Accountant qualification (ACCA, CPA, CA, CIMA or equivalent).

* MBA or Master’s degree in Finance, Accounting, Economics or Business Administration (preferred).

* Minimum 15 years of progressive finance experience, including at least 5 years as CFO, Finance Director or Head of Finance.

* Mandatory experience in a multinational FMCG food manufacturing company, such as:

* Mondelēz International

* Nestlé

* Danone

* Unilever Foods

* PepsiCo Foods

* Mars Wrigley

* Ferrero

* Kraft Heinz

* General Mills

* Arla Foods

* FrieslandCampina

* Puratos

* Barry Callebaut

* Grupo Bimbo

* Britannia Industries

* ITC Foods

* Any other internationally recognized food manufacturing company.

* Proven experience in high-volume food production environments with multiple production lines.

* Strong expertise in manufacturing finance, factory costing, inventory valuation, procurement, logistics and supply chain finance.

* Hands-on experience implementing and optimizing ERP systems such as Sage, SAP, Oracle, Microsoft Dynamics or similar.

* Experience managing international operations, exports and multi-country financial reporting.

* Strong understanding of IFRS, corporate governance, taxation and internal controls.

* Experience working with external auditors (PwC, EY, Deloitte or KPMG) and leading audit processes.

* Demonstrated success in supporting fundraising, banking relationships and investor due diligence.

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Preferred Industry Background

The ideal candidate should come from one or more of the following industries:

* Food Manufacturing

* Bakery

* Biscuits & Confectionery

* Dairy

* Beverages

* Consumer Packaged Goods (CPG)

* Frozen Foods

* Ingredients Manufacturing

* FMCG Manufacturing

Experience in companies producing products such as biscuits, cakes, bread, chocolates, dairy, snacks or beverages is highly preferred.

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Leadership Profile

The successful CFO must be capable of transforming Daily Food into a world-class manufacturing organization by:

* Building a finance function that supports 24/7 manufacturing operations.

* Driving profitability through rigorous cost control and continuous operational improvement.

* Creating a culture of accountability, discipline and data-driven decision-making.

* Partnering closely with Operations, Sales, Procurement and Supply Chain to maximize efficiency.

* Supporting expansion across Africa and future international markets.

* Preparing the company for private equity investment, strategic partnerships or a future IPO.

* Leading digital transformation through ERP optimization, business intelligence dashboards and AI-driven financial analytics.

* Developing and mentoring a high-performing finance team capable of supporting rapid regional growth.