What are the responsibilities and job description for the Financial Director position at Ren Sea Food Panama, S.A.?
Key Responsibilities
1. Financial Planning & Analysis (FP&A)
- Develop and maintain comprehensive financial models, operating budgets, and long-term financial forecasts.
- Lead annual budgeting and periodic reforecasting processes.
- Monitor financial performance against approved budgets and identify material variances.
- Develop cash flow projections to support operational requirements and capital investments.
- Provide executive management with financial analysis supporting strategic and operational decisions.
- Establish key performance indicators (KPIs) to monitor profitability, production costs, operating efficiency, and financial performance.
2. Accounting & Financial Reporting
- Oversee all accounting activities and ensure accurate, timely financial reporting.
- Prepare monthly, quarterly, and annual financial statements in accordance with applicable accounting standards.
- Ensure compliance with International Financial Reporting Standards (IFRS).
- Manage month-end and year-end closing processes.
- Coordinate external audits and work closely with independent auditors.
- Maintain accurate financial records across the company's operating entities.
6. Operational Finance & Cost Management
- Develop financial reporting systems tailored to aquaculture production, seafood processing, and export operations.
- Establish cost-accounting methodologies to track production costs and profitability.
- Monitor operating expenditures associated with farming, feed, labor, logistics, processing, and distribution.
- Analyze unit economics, including production costs per kilogram or pound of finished product.
- Support management in optimizing operating margins and controlling production costs.
- Evaluate the financial feasibility of capacity expansion, equipment purchases, and infrastructure investments.
7. Banking, Financing & External Relationships
- Maintain professional relationships with local and international financial institutions.
- Support financing arrangements, credit facilities, and other funding initiatives.
- Prepare financial information and reporting packages for shareholders, lenders, and potential investors.
- Coordinate with external accountants, auditors, legal advisers, and financial consultants.
- Assist executive management in evaluating financing opportunities and capital requirements.
8. Financial Systems & Team Development
- Implement and maintain accounting, ERP, and financial reporting systems.
- Develop scalable financial procedures capable of supporting significant operational growth.
- Recruit, train, and supervise accounting and finance personnel as required.
- Establish clear responsibilities, reporting deadlines, and performance expectations.
- Promote a culture of financial accountability, accuracy, and operational efficiency.
Education
- Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related discipline.
- CPA certification, Panamanian CPA qualification, ACCA, or equivalent professional accounting designation strongly preferred.
- MBA or master's degree in Finance is an advantage.
Professional Experience
- Minimum 8–10 years of progressive experience in finance, accounting, or financial management.
- At least 3–5 years in a senior financial leadership position, preferably as Finance Director, Financial Controller, Head of Finance, or equivalent.
- Strong understanding of Panamanian tax regulations, corporate accounting, and statutory reporting requirements.
- Proven experience in budgeting, financial modeling, cash flow management, and financial reporting.
- Experience implementing financial controls and accounting systems in growing organizations.
- Prior experience in manufacturing, agriculture, aquaculture, food production, logistics, or export-oriented industries strongly preferred.
- Experience managing multiple legal entities and intercompany accounting is highly desirable.
- Spanish: Full professional proficiency required.
- English: Strong professional proficiency required, including the ability to communicate with international executives, financial institutions, and external advisers.