Chief Financial Officer

PURPOSE OF ROLE

Protect the company’s revenues and profits to achieve full financial control and sustainable growth in all Latam region countries. Lead all financial aspects of the company in Latin America, making sure the global, regional, and local strategies produce the best business results, maximizing value and return to the company’s shareholders short and long-term.

Orchestrate processes, practices, teams, and outputs to comply with all internal and external regulations applicable to our business, and the countries where we operate. Responsible for the administrative, financial, and risk management operations of the company. Involved in the development of operational strategy, KPIs, and the ongoing development and monitoring.

MAIN RESPONSIBILITIES

FINANCIAL ANALYSIS, BUDGETING AND FORECASTING

• Oversee region financial budgeting reports including monthly profit and loss by agency and country; forecast vs. budget by agency and country.

• Review and analyze with countries CFOs monthly financial results and provide recommendations.

• Identify, develop, and execute analysis of business initiatives, product launches and/or new service offerings to our clients.

• Develop and maintain monthly operating budget and annual company operating budget.

• Manage financial planning and analysis department. Supervise creation of reports for budgeting and forecasting.

ACCOUNTING, ADMINISTRATION, OPERATIONS & INTERNAL CONTROLS

• Supervise the regional accounting to ensure the proper functioning of all systems, databases, and financial internal systems (reporting).

• Review and ensure application of appropriate internal controls, SOX compliance and financial procedures around the region.

• Ensure timeliness and accuracy of financial and management reporting.

• Oversee the region month-end close process, constantly reviewing procedures while eliminating inefficiencies.

• Oversee preparation of monthly, quarterly, and annual financial statements.

• Review regional all month-end closing activities, balance sheet accounts and overhead cost allocation.

FINANCIAL MANAGEMENT

• Oversee the region cash flow planning process and ensure funds availability.

• Oversee cash, investments, and asset management area.

• Utilize forward-looking models and activity-based analyses to provide financial insight into the organization’s plans and operating budgets.

STRATEGY, PLANNING & MANAGEMENT

• Regional strategic business partner to senior executive leadership team.

• Assess and evaluate regional financial performance of organization about long-term operational goals, budgets, and forecasts.

• Provide insight and recommendations to both short-term and long-term growth plan of organization.

• Communicate, engage, and interact with Regional Board of Directors, CEO, and Executive Leadership Team.

• Create and establish yearly financial objectives that align with the company’s plan for growth and expansion.

• Implement policies, procedures and processes as deemed appropriate by senior leadership team across the region.

• Recruit, interview and hire countries CFOs (direct report).

EMPLOYEE PROFILE

QUALIFICATIONS AND EXPERIENCE

• Minimum of 15 years of proven experience as CFO, finance officer or relevant role.

• In depth knowledge of corporate financial law and risk management practices. Previous experience in financial risk management and growth strategies.

• Extensive knowledge of financial and tax regulations in the region.

• Strong preference for candidates with a proven track record of financial leadership roles in publicly traded companies. Experience with the financial reporting and compliance requirements associated with publicly traded entities is essential.

• Extensive experience in managing financial processes and controls in accordance with the Sarbanes-Oxley Act (SOX) or similar regulatory frameworks. A demonstrated ability to ensure the integrity and accuracy of financial reporting is crucial.

• An extensive background in business-to-business (B2B) environments, with a deep understanding of the unique financial dynamics and challenges in B2B transactions.

• Proven expertise in managing and optimizing financial operations with a high volume of transactions, demonstrating an ability to streamline processes and drive efficiency.

• Possess knowledge and ability to ensure all actions are following appropriate employment laws, company policies and sound business practice.

• Strong, impactful leadership skills, with proven experience leading within matrix organizations.

• Ability to work in a multicultural environment and collaborate with international teams.

• Excellent communication skills in English and Spanish.

• Due to the international character of the organization, there may be some travelling required for this role (less 20% of time)

• Ability to manage complex business environment, with different stakeholders, in multinational companies (preferably)

KEY COMPETENCIES

• Action Oriented: Enjoys working hard; is action oriented and full of energy for the things he/she sees as challenging; not fearful of acting with a minimum of planning; seizes more opportunities than others.

• Cross-functional Collaboration: Proven ability to collaborate effectively with cross-functional teams and stakeholders, fostering a culture of financial transparency and accountability.

• Managing Vision and Purpose: Communicates a compelling and inspired vision or sense of core purpose; talks beyond today; talks about possibilities; is optimistic; creates mileposts and symbols to rally support behind the vision; makes the vision shareable by everyone; can inspire and motivate entire units or organizations.

• Strategic Agility: Sees ahead clearly; can anticipate future consequences and trends accurately; has broad knowledge and perspective; is future oriented; can articulately paint credible pictures and visions of possibilities and likelihoods; can create competitive and breakthrough strategies and plans.

• Data-Driven Decision-Making: Strong analytical skills and proficiency in using data to drive financial decisions, optimize processes, and maximize financial performance.

• Cultural Sensitivity: Cultural awareness and adaptability to work effectively with diverse teams and stakeholders across LATAM.

• Ethical Standards: A commitment to maintaining the highest ethical standards in financial management and decision-making.

• Decision Making: Makes decisions in a timely manner, based upon a mixture of analysis, wisdom, experience, and judgment; sometimes with incomplete information and under tight deadlines and pressure; able to make a quick decision; sought out by others for advice and solutions.

Leadership Behaviors

- OPEN: Able to master the balance between fostering positive relationships with both the people within an organization and the clients he/she serves, while also actively cultivating trust among all stakeholders.

o Uses empathy to build meaningful working relationships.

o Understands the needs of clients and stakeholders, creating and delivering mutually beneficial outcomes.

o Sets expectations and takes full responsibility for outcomes that impact clients, stakeholders, and colleagues.

o Is open and honest with clients, stakeholders, and colleagues about the decisions he/she makes.

- OPTIMISTIC: A visionary leader who mobilizes the enterprise, inspiring teams to innovate and collaborate, and who drives their personal and professional growth. Able to align resources and strategies for adaptability and sustainable business growth.

o Builds excitement and confidence in GroupM's future and the direction in which we are going.

o Sets strategies and puts in place plans that drive action, proactively addressing blockers towards achieving the vision.

o Creates conditions for career growth and development through effective mentoring, training, and coaching of others.

o Continually considers every new experience or challenge as an opportunity to learn and improve.

- EXTRAORDINARY: Inspires and guides teams towards transformative creativity. Fosters an environment that empowers individuals to contribute unique ideas and collaborate effectively, driving innovation and positive change within the organization and beyond.

o Takes an "outside in" perspective to create ideas that are innovative and embraces changes that add value for the future of GroupM.

o Creates safe spaces that encourages people to speak up and challenge the status quo.

o Leverages organization's networks to increase cross boundary team working, connectivity and communication.

o Actively promotes and supports and inclusive environment.

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