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Fengany

Finance Manager (Head of Finance)

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Job Description

The Challenge

Fengany is a profitable EGP 100M+ e-commerce brand. We have grown fast based on product and sales, but our financial infrastructure hasn't kept up. We are currently relying on external auditors, but we need to bring the brain in-house.

We are looking for our first internal finance hire. You will not be walking into a polished department with clear SOPs. You will be walking into a construction site. You are here to build the foundation, implement the systems (ERP), and give the founders visibility into where every EGP is going.

Key Responsibilities: Financial Control & Reporting

1. Financial Reporting & Analysis

  • Monthly Closing Cycle: Lead the month-end closing process to ensure timely generation of accurate financial statements (Profit & Loss, Balance Sheet, and Statement of Cash Flows) by the 5th of each month.
  • Management Reporting: Present a monthly financial performance pack to the founders, including variance analysis (Actuals vs. Budget), key performance indicators (gross margin, net margin, EBITDA), and actionable recommendations for cost optimization.
  • Budgeting & Forecasting: Spearhead the annual budgeting process and quarterly re-forecasting. Monitor performance against these benchmarks to identify deviations and implement corrective measures.

2. Internal Controls & Governance

  • System Implementation: Lead the selection and end-to-end implementation of a robust ERP/Accounting system (e.g., Odoo, Dynamics, etc..), establishing the Chart of Accounts and migration of historical data.
  • Process Architecture: Design and enforce Standard Operating Procedures (SOPs) for all financial activitiesincluding procurement, expense reimbursement, and accounts payable/receivableto prevent leakage and fraud.
  • Compliance: Ensure full compliance with Egyptian tax regulations (VAT, WHT, E-Invoicing/Fatoora) and manage the relationship with external auditors to ensure a clean year-end audit.

3. Treasury & Cash Management

  • Liquidity Management: Oversee daily cash positions, bank reconciliations, and payment gateways (COD, Paymob, Instapay) to ensure healthy working capital.
  • Payables & Receivables: Manage AP/AR aging reports to optimize cash conversion cycles, negotiating terms with suppliers where necessary to preserve cash flow.

4. Cost Accounting & Inventory Control

  • Landed Cost Analysis: Implement precise costing models for imported and manufactured goods, factoring in freight, customs, and wastage to determine true unit economics.
  • Inventory Reconciliation: Conduct regular physical stock counts and reconcile them against system records to minimize shrinkage and ensure accurate asset valuation.

Requirements
  • 5+ Years Experience in Finance/Accounting.
  • Must have experience in Retail, Manufacturing, or E-commerce. (Service-based experience is not enough; you need to understand physical goods).
  • System Builder: Proven experience setting up accounting software from scratch.
  • Strong Personality: You must be able to say No to the founders when a massive expense isn't in the budget.
  • Ex-Audit is a plus, but must have operational industry experience.

More Info

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About Company

Job ID: 137608235