Chief Financial Officer

ICAP Executive Search & Selection
is one of the premium consultancies and part of ICAP People & Employment Solutions, the largest HR Services Provider
in Greece and Cyprus
. With more
than 50 years of experience,
we specialize in assessing and recruiting
Senior to Middle Level Executives across all sectors.

On behalf of our client,
a leading Group of Companies in the Production Industry
, we are seeking to identify a dynamic and experienced
Chief Financial Officer
to join their team in Nicosia, Cyprus.

Chief Financial Officer - (Ref. 6050/CFO/ESS/CY)

Position Overview:

A leading Group of Companies is seeking an experienced and strategic
Chief Financial Officer (CFO)
to join its executive leadership team. The CFO will play a pivotal role in driving financial performance, strategic planning and operational excellence across the organization. This role requires strong leadership in manufacturing finance, cost control and capital management, as well as the ability to align financial strategy with the company's vision for growth, innovation and sustainability.

Key Responsibilities:

Financial Strategy & Leadership

• Develop and implement the company's financial strategy to support growth, profitability and sustainability goals.
• Serve as a strategic advisor to the Managing Director on financial planning, capital allocation and business development opportunities.
• Provide financial insights to guide long-term strategic initiatives, including investments in production efficiency and new market expansion.

Budgeting, Forecasting & Cost Control

• Oversee budgeting, forecasting and performance monitoring processes across all departments and manufacturing units.
• Implement robust cost accounting systems to control production, material and logistics costs.
• Identify and execute cost optimization and efficiency improvement initiatives while maintaining product quality standards.
• Ensure accurate margin analysis and pricing models to sustain competitive advantage.

Manufacturing & Operational Finance

• Coordinate with Plant Managers to enhance manufacturing productivity, yield and resource utilization.
• Establish financial KPIs and performance metrics to evaluate plant efficiency and profitability.
• Manage capital investments for plant modernization, automation and sustainability initiatives.
• Ensure accurate inventory valuation and control across multiple production and warehouse sites.

Treasury & Cash Flow Management

• Manage cash flow, working capital and liquidity to maintain operational flexibility and support business continuity.
• Oversee relationships with banks and auditors to secure optimal financing structures.
• Evaluate funding options for strategic projects.

Compliance, Risk, and Governance

• Ensure compliance with Cyprus financial regulations, tax laws and international accounting standards (IFRS).
• Oversee statutory audits, internal control systems and risk management frameworks.
• Protect company assets through effective risk mitigation strategies, including credit and operational risks.

Leadership & Team Development

• Lead and mentor the finance and accounting teams, promoting a culture of accountability, innovation and continuous improvement.
• Collaborate with Plant Managers and the Commercial Director to ensure alignment between financial objectives and business goals.
• Develop financial talent and succession plans to strengthen organizational capability.

Qualifications
:

• Bachelor's degree in Accounting & Finance, Economics, Business Administration, or a relevant field; ACCA or ACA qualification required.
• Minimum of 5+ years of experience in a similar senior level finance role.
• IT literate with excellent knowledge of Microsoft Office suite.
• Strong knowledge of IFRS, Cypriot tax laws, and financial compliance requirements.
• Previous expertise in cost accounting, ERP systems and multi-site manufacturing financial operations.
• Demonstrated leadership in strategic planning, capital management, and operational efficiency.
• Exceptional analytical, communication, and stakeholder management skills.
• Accountable, with high integrity and confidentiality.