Head of Finance

SUMMARY OF RESPONSIBILITIES

The Head of Finance will lead PayNet’s financial strategy, planning and analysis, reporting, treasury and compliance functions. This role is pivotal in ensuring financial integrity, optimizing resource allocation, and supporting strategic decision-making across the organization. The incumbent will oversee financial and corporate performance metrics reporting, planning and analysis, budgeting, taxation, treasury and finance operations,, ensuring alignment with PayNet’s mission and regulatory standards.

KEY RESPONSIBILITIES

Strategic Financial Leadership

• Develop and execute financial strategies that support PayNet’s long-term growth and sustainability.
• Provide financial insights and recommendations to the Board and Executive Leadership Team.
• Lead financial planning and analysis, ensuring robust forecasting and scenario modeling.

Financial Reporting & Compliance

• Oversee the preparation and review of monthly and annual financial statements for PayNet and its subsidiaries.
• Ensure compliance with Financial Reporting Standards (FRS) and regulatory requirements.
• Liaise with external auditors and regulatory bodies to ensure timely and accurate reporting.

Budgeting, Cost Optimisation & Resource Allocation

• Lead the annual budgeting process and forecasting in alignment with strategic business plans.
• Monitor budget utilization across departments and ensure fiscal discipline.
• Track and monitor closely company-wide costs and investment capex, ensuring in line with approved budget and propose cost optimization strategies.
• Ensure Accounting System reflects accurate and timely budget and reported data.

Treasury, Taxation & Financial Governance

• Oversee Treasury operations and reporting, and cashflow reporting and forecasting, ensuring funds are secure and cashflows are optimized, in accordance with strategic direction set by Board and Executive Leadership Team.
• Oversee tax planning, compliance, and submission of annual and revised estimates.
• Ensure adherence to tax regulations and optimize tax efficiency.

Corporate KPI & Performance Monitoring

• Drive the compilation and validation of corporate KPIs across business units.
• Ensure timely submission of performance reports to MMC, Board of Directors, and JDSP, BNM.

Ad-Hoc Projects & Strategic Initiatives

• Lead or support cross-functional projects and strategic initiatives.
• Uphold information security and data governance standards in all financial operations.
• Ongoing review and lead finance operation and reporting process optimization and efficiency projects, where appropriate.

COMPETENCIES

• Professional certification (e.g., CPA, ACCA)
• Experienced finance professional with at least 10 years of relevant working experience in audit (Big 4 preferred), financial and management reporting, financial planning & analysis (including investment analysis) and process enhancements.

Technical Skills

• Strong financial modeling and analytical skills.
• Proficiency in Microsoft Excel, Word, PowerPoint, and SAP Accounting System.
• Strategic decision-making and problem-solving capabilities.

Core Competencies

• Integrity & Professionalism
• Strategic Thinking & Execution
• Collaboration & Influence
• Customer-Centricity
• Change Leadership & Growth Mindset
• Effective Communication
• Agile and Aility to Multi-task

Leadership Competencies

• Visionary Leadership
• Talent Development
• Organizational Alignment
• Acting for the Greater Good