Ghazanfar Bank, a full-fledged licensed commercial Bank, commenced its operations in March 2009. The Share Holders of the Bank belongs to one of the leading business groups of Afghanistan. As a leading business house Ghazanfar Group is involved in various key businesses sectors as a front runner such as import and distribution of Petroleum/Gas and other various important industrial sectors. Ghazanfar Bank started its operation in Kabul, Afghanistan, and is offering key financial services both under conventional and Islamic Banking. The Bank has since opened up its Branches at various key locations such as Mazar Sharif, Hairatan, Kunduz, Takhar, Pule- Khumri, Jalalabad, Herat & Kandahar besides opening another eight branches at Kabul in Sarai Shahzada, Shar-e-Naw, Karte Naw, Kote Sangi, Lase Maryam, Karte Char ,Kabul International Airport Branch and Wazir Akbar Khan. In due course of time, the Bank intends to expand its Branch Network in Kabul as well as at other key locations of the Country.

1. Chief Financial Officer is responsible to manage, plan, budget, forecast, organize, control and guide all activities of the Finance & Accounting Department of the bank at Head Office as well at Branches of the Bank. Shall direct activities of Finance & Accounting Department; provide leadership, training and supervision within the department; and ensures compliance with Bank’s policies and procedures and also ensures compliance to the standard Accounting Principles so that true and correct position of the Bank is reflected.

2. Chief Financial Officer shall be responsible for all of the Bank's fiscal operating results using standard Accounting Principles. Responsible for Cost Accounting, preparation of Budgets, Reporting to Central Bank and other Regulatory Authorities and ensuring to safeguard the Assets of the Bank.
3. Chief Financial Officer is responsible to assist the CEO of the Bank in the administration of Financial/Accounting side of the Bank on day to day basis and reflecting the position of the Bank in this regard on Monthly, Quarterly, Six Monthly and Annual Basis.
4. Chief Financial Officer is responsible to discharge responsibilities as member of Board of Management of the Bank and providing accurate figures and MIS as and when called upon to do so. This position shall be subject to approval of DAB.

5. Chief Financial Officer is responsible to proactively attend and solve day to day Accounting/Balancing problems faced by the Bank.
6. Chief Financial Officer Shall Counsel senior management on fiscal control and profitability; prepare, present and interpret financial reports to senior management; adhere to tax laws and regulatory compliance for properly reflecting the financial position of the Bank.
7. Chief Financial Officer shall assist in attaining established Bank’s financial goals. Perform supervisory duties of departmental staff; coordinate with other Departments of the Bank for ensuring achievement of Financial Goals of the Bank. Provide necessary training and writing Manuals, Check Lists and Guidelines and establishing procedures for the staff to follow.

 Abilities of Chief Financial Officer:

Control of Finance Department:

8. Chief Financial Officer shall be required to exercise utmost control over the Finance & Accounting Department, the financial planning and daily reporting of the Finance & Accounting Related Entries. The controls to be implemented directly or through DCFO as per the discretion of the Job Holder. He shall ensure that a team of professionals is built up for smooth functioning of the Department. The performances of the staff is to be constantly monitored through reporting system in place and changes in the staff to be considered and implemented as and when it becomes necessary.

Control on Liquidity, Broad Liquidity Ratio & Quick Liquidity Ratios and Reserve Requirements:

9. Chief Financial Officer shall exercise control over the Liquidity of the Bank and shall ensure that Liquidity Risks faced by the institution is properly mitigated and Asset and Liability remain properly matched both in short as well as on long term basis through gap analysis. He has to ensure with collaboration of Treasury department and COO that the Liquidity requirement of the Bank at Central bank is maintained and DAB’s requirement are met at any given time. The reporting requirement to Central Bank and other regulatory authorities in this regard is to be observed all the time. He further ensures that daily Liquidity Ratio analysis; Broad Liquidity Ratio & Quick Liquidity Ratios of the Bank are calculated and done regularly and reported to the Central Bank as per their requirements. He also ensures Maintenance of Cash Liquidity reserve and other mandatory reserve requirements at Central Bank

Regulatory Capital Requirement:

10. Chief Financial Officer shall ensure that Regulatory Capital required to be maintained by a Bank as per rules/regulations of DAB is always maintained and no short fall occurs in it. He conducts regular checks on it by keeping an eye on the expenses and informs the shareholders/supervisory Board about it well in advance.

Reconciliation of Inter Branch Transactions:

11. Chief Financial Officer shall ensure that inter branch transactions are reconciled regularly and promptly and any outstanding entry is followed up so that it could be reconciled as soon as possible or same to be reported to the management of the Bank for perusal and necessary action.

Reconciliation of Central Bank, Western Union & Nostro Accounts:

12. Chief Financial Officer shall ensure that Bank Accounts with the Central Bank are controlled, reconciled and balanced on daily basis and any outstanding entry is reported to management and is followed up until it is reconciled or adjusted. Same procedures are to be adopted for all Banks’ Nostro Accounts and entries related to Western union as well.

Suspense Entries and it’s followed up:

13. Chief Financial Officer shall ensure that these entries are properly recorded and that all the entries outstanding under Suspense Account are followed up regularly and efforts are made for reversal of such entries as soon as possible.

Deduction & Payment of Tax:

14. Chief Financial Officer shall ensure tax management of income tax of the employees and the Institution as well the withholding tax required to be deducted as per Government decisions taken from time to time such as the deduction of tax on Profit payable to Bank clients on their deposit etc. He ensures that proper record of tax payments made to Government agencies from time to time is held properly and avoid situations where penalties could be imposed on Bank due to any slackness on part of the Bank

Handling of External Audit:

15. Chief Financial Officer shall ensure that an approved Chartered Accountancy Firm is engaged as an External Auditors of the Bank as per the central bank requirement. He further ensures that the mandatory annual external audit is arranged well within the time frame upon completion of each financial year and that the Bank Audited Balance Sheet and profit & Loss Account is submitted to DAB after getting it approved by the Bank’s External Auditors and General meeting of the Share Holders and Board of Supervisors/Board of Management

          Depreciation & Amortization of Assets:

16. He ensures that all the fixed assets, tangible assets or non-tangible assets of the Bank are properly listed and booked and that periodical depreciation is applied to it as per the rules and regulations of the Central Bank.

           Preparation of Annual Budgets / Forecasting:     

17. Chief Financial officer shall ensure that annual budgets of the bank and forecasting are prepared and approved for each financial year and are followed & implemented where possible. He also ensures that costs and expenses are controlled to a large extent.

            Passing of Expense Vouchers:

18.  Chief Financial Officer shall ensure that all expenses are approved through a proper procedure and formalities like obtaining of quotations, pre-approved auditing, market verification and submission on an agreed format becomes an integral part of this exercise. 

Trial Balance of the Bank:      

19. Chief Financial officer shall ensure that Trial Balance Sheet of the Bank is updated on daily basis accurately and mistakes if any are adjusted promptly in accordance with the standard accounting principles

           Profitability Analysis and Reporting:

20. Chief Financial Officer shall ensure that Bank Profitability is analyzed from time to time with a view to find means to maximize it through introduction of cost-effective measures.

 Control on passing of vouchers/ entries:

21. Chief Financial Officer shall ensure that a proper system, limits and procedures are in place and is being followed for passing entries/vouchers whether system raised or otherwise and that record of vouchers is maintained where required.

Treasury Management:

22. The CFO will oversee the management of the company’s treasury operations, including cash flow, liquidity, banking relationships, and investment strategies. This role requires in-depth knowledge of treasury functions, risk management, and funding strategies to ensure efficient capital utilization and financial stability.

Job Descriptions & staff Appraisals: 

23.  Chief Financial Officer shall ensure that proper Job description is written and given to each employee working under Finance and Accounting department with the help of Manager HRD and these are updated from time to time. He also ensures that periodical appraisals/evaluations are done for every employee working under him and submitted to HR.

           Staffing Requirements;

24. Chief Financial Officer shall keep monitoring the requirement of staff in the department and remaining constantly in touch with HR for hiring of additional staff well in advance and also catering to the training requirements of the staff. Also ensures that proper backups are available of all the key staff.

Compliance with Audit            Requirements;

25. Chief Financial Officer shall ensure that the business of the Department is conducted in compliance with the rules and regulations of DAB and ensures that the Audit recommendations by the Internal Audit or DAB or the External Audit are followed in letter and spirit.

           Reporting/Returns/Statements:

26. Chief Financial Officer shall ensure that all the required reporting both external and internal especially to DAB is done timely and accurately as per the desired formats. He keeps the list of all Required Reporting to be made on daily, weekly, monthly, Quarterly, Half Yearly and Yearly Basis and ensures that these lists are updated as per change in requirements and further ensures that these are prepared and submitted in time. 

Issuance of Circulars:  

27. Chief Financial Officer shall Ensures that circulars are issued on all important matters to staff from time to time to keep them fully informed. Also issuing & circulating procedural methods to keep on refreshing the memories of staff on important functions of the bank.
28. Department Heads are not permitted to accomplish changes or perform a task which is excluded his daily activities that could embrace a minimum possibility of risk percentage to the bank in this case department heads must take approval of Chief Executive Officer or related committee.

Miscellaneous: 

29. To attend to any other matter that may not have been mentioned in this document but is otherwise required to be attended by the job holder. Besides, the Job Holder is to attend to any Bank related assignment given by CEO, Board of Supervisors or General Meeting of Share Holders.

Management Function:

30. Organize the work and direct the day-to-day business operation of the bank, pursuant to the strategies and policies approved by the board of supervisors, and monitor the day-to-day activities of the bank’s employees.
31. Implement the business strategy and policies of the bank approved by the board of supervisors.
32. Identify and assess regularly all significant risks involved in the activities of the bank and ensure the monitoring and control of the extent of such risks in accordance with the policies approved by the board of supervisors
33. Develop the organizational structure of the bank and its branches that is suitable for the bank’s overall strategy as determined by the board of supervisors, and submit the proposed structure for approval by the board of supervisors.
34. Develop and implement systems for monitoring the activities of the bank, ensure adherence to such systems, assess the sufficiency thereof regularly and improve them in accordance with the policies established by the board of supervisors.
35. Ensure that all employees of the bank are aware of the provisions of legislation relating to their duties of employment and of the principles approved by the board of supervisors.
36. Ensure monitoring of the compliance if the activates of the bank and its employees with legislation and the policies approved by board of supervisors.
37. Ensure the existence and functioning of systems to guarantee that information necessary for employees of the bank to perform their duties is communicated to them in a timely manner.
38. Ensure the safety and regular monitoring of information technology systems used by the bank and systems used for the safekeeping of assets of clients.
39. Inform the board of supervisors of all discovered violations of legislation, internal rules or other rules approved by board of supervisors
40. Present periodic overviews of the activities and financial situation of the bank to the board of supervisors.
41. Immediately inform the board of supervisors and Da Afghanistan Bank in writing of any deterioration in the financial situation of the bank, or danger of such deterioration, and any other facts that may materially affect the financial situation of the bank, and in particular if the bank becomes undercapitalized.

Responsible for regular training in respect of transferring of Knowledge   /experience for making of capacity building of their staff and also provide proper guidance to them about their duties, office manners, etiquettes and how to attend to their respective tasks.

Qualifications:

Bachelor’s degree in Economic, Finance, Accounting and Business administration Master Degree will be preferred.

Professional certifications in (ACCA, CFA and CPA) or any other relevant international accredited certification.

Skills

1. Excellent Leadership and Management Skill.
2. Cash Management, Financial Accounting, and Corporate Finance Competence.
3. managing Finance Activities including: budgeting, Forecasting expenses and Mitigation of financial risk.
4. Strategic Vision skill. Performance Driven
5. Quality and Service driven
6. Team Oriented
7. Knowledge of policy development principles, tools and models.
8. Self-Motivated
9. Contributes to corporate spirituality.
10. periodize spiritual growth and care of staff
11. Model global thinking and local action
12. Excellent communication skills (oral and written) in English. Any other languages are an asset
13. Decision-making Skills
14. Take persuasive stand on difficult issue

Please mention specific Job Title and Vacancy numbers in subject line of your E-mail otherwise your application will not be considered.

 (Chief Finance Officer (CFO) GB/HRD/06

2. Applicants who meet the above requirements should submit their updated Curriculum vitae (CV) to email address (sr.recruitment-officer@ghazanfarbank.com)
3. Applicants while applying for this position must take in CC entire Email address of (info.bsd@dab.gov.af) otherwise the applications will not be considered. 
4. Applications received after the deadline will not be considered.
5. Only shortlisted candidates will be contacted for further process.

Submission E-mail

To: (sr.recruitment-officer@ghazanfarbank.com)

CC: (info.bsd@dab.gov.af)