Job Summary:
The Chief Financial Officer (CFO) of the German subsidiary of a leading Chinese laser cutting machine company will be responsible for overseeing and managing all financial operations of the subsidiary, ensuring alignment with the company's global strategies. This role requires a seasoned financial leader with extensive experience in international finance, particularly in managing the financial functions of overseas subsidiaries. The ideal candidate will possess a deep understanding of German and international financial regulations, strong leadership skills, and the ability to operate in a cross-cultural environment. Proficiency in both English and Chinese is mandatory.
Key Responsibilities:
1. Financial Oversight & Management:
o Oversee and manage the financial operations of German overseas subsidiaries, ensuring alignment of financial resources with the company's global development strategy.
o Develop and execute financial strategies that support the subsidiary’s business objectives while maintaining compliance with German regulations and global best practices.
o Monitor financial performance, analyze financial data, and provide regular reports to the parent company’s executive team, highlighting key financial insights and recommendations.
2. Financial Systems & Policies:
o Establish, improve, and manage the subsidiary’s financial management system, including financial planning, policy development, and optimization.
o Implement robust accounting management practices, cost control measures, and effective investment and financing strategies.
o Ensure accurate and timely financial reporting in compliance with German GAAP and other relevant accounting standards.
o Lead the implementation and ongoing management of the overseas financial information system, ensuring data integrity and accuracy.
3. Operational Involvement:
o Participate in the subsidiary’s business operations, with a focus on identifying and addressing operational challenges.
o Collaborate with senior management and business units to enhance profitability, optimize financial processes, and drive business growth.
o Provide strategic financial advice and support to the company’s leadership, aiding in decision-making processes related to investments, expansions, and other key business activities.
o Report significant operational and financial issues to the parent company in a timely manner, ensuring transparency and proactive management.
4. External Relations:
o Maintain and build relationships with key government departments and financial institutions, ensuring a favorable external environment for the company’s operations.
o Negotiate and manage financial agreements, including loans, investments, and partnerships, to support the company’s growth and financial stability.
o Represent the subsidiary in financial discussions and negotiations with external stakeholders, including auditors, regulators, and investors.
5. Team Leadership:
o Lead, mentor, and develop the subsidiary’s finance team, fostering a culture of continuous improvement and high performance.
o Drive the recruitment and training of financial staff to build a strong, knowledgeable, and capable finance team.
o Promote cross-departmental collaboration and effective communication to ensure alignment of financial goals with overall business objectives.
6. Compliance & Risk Management:
o Ensure compliance with all relevant financial laws, regulations, and standards, including German GAAP, SOX, and other applicable requirements.
o Develop and implement internal controls to safeguard the subsidiary’s assets and mitigate financial risks.
o Conduct regular audits and reviews to ensure the integrity and accuracy of financial data and processes.
7. Additional Duties:
o Perform other tasks and responsibilities as assigned by the parent company, contributing to the overall success of the subsidiary.
Qualifications:
1. Education:
o Bachelor's degree or above in Finance, Accounting, Business Administration, or a related field. A Master's degree or MBA is preferred.
2. Experience:
o Over 10 years of experience in international financial management, including at least 5 years in a senior financial leadership role.
o Proven expertise in establishing and managing financial management systems for overseas subsidiaries, including experience in investment calculations, plant construction management, and strategic investor relations.
o Experience in financing, mergers and acquisitions, and introducing strategic investors is highly desirable.
3. Skills:
o Proficient in both German and Chinese (Mandarin), with strong business communication skills in both languages.
o In-depth knowledge of German financial regulations, tax laws, and compliance requirements.
o Excellent analytical and problem-solving skills, with the ability to translate financial data into actionable business insights.
o Strong leadership and team management skills, with a focus on cross-cultural collaboration.
o Meticulous, resilient, and diligent, with clear logical thinking and the ability to work under pressure.
o Open-minded, strategic thinker with a strong risk awareness and the ability to balance principles with flexibility.
4. Other Requirements:
o Over 3 years of work experience in Germany, with a willingness to be stationed in Germany and potential travel to other countries.
o Relevant financial certifications (e.g., CPA, CFA, ACCA) are preferred.
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