CFO Frankfurt (m/f/d)

Permanent contract|Frankfurt am Main|Finance

CFO Frankfurt (m/f/d)

  • Frankfurt am Main, Germany
  • Permanent contract
  • Finance


As Chief Financial Officer you are responsible for the SG Frankfurt Branch and for the structure SG Effekten. There is a high level of Off-shoring of accounting tasks to SG locations in Bangalore, Bucharest and Paris, which is also under your responsibility as CFO of SG Frankfurt Branch.

Within the delegation granted by DFIN/DIR, the CFO reports to the COO Corporate Functions and on the functional level reporting to DFIN/EMEA.

  • You will supervise the local Finance team with currently 6-8 employees and additionally manage the Off-shore Accounting & Finance team, which is in charge of Group Accounts and regulatory reporting. For the team in Frankfurt you will conduct recruitments, annual evaluation and compensation reviews, as well as for the development of the team and of each individual team member
  • You are responsible in terms of risk management, ensuring quality of service and coordinating required support with other departments
  • You will provide executive management with advice on the financial implications of business activities

More precisely you will:

  • Be responsible for the global regulatory (European and national regulations) supervision of the entities and for the internal supervision on the finance side for SG Frankfurt and SG Effekten GmbH
  • Be accountable for the financial reporting produced by your team or the Finance Shared Services Centers (regulatory reporting, local accounts, Group reporting package, tax reporting and returns, account payable reports, financial & performance management reports)
  • Conduct the follow-up of local regulations, booking in IFRS and German GAAP
  • Ensure provision of the monthly closing deliverables, as well as of internal controls (GPS, BCT, BCT, I2C) and supervise respective processes 
  • Be accountable for the financial statements of the entities SG Frankfurt and SG Effekten GmbH to the statutory auditors, the local supervisory authorities and tax administration (with the Head of Tax)
  • Interact with the other entities within the tax group
  • Be the key decision maker on the financial operations (closing dates, investment choice, operations covering , etc.)
  • Ensure the transfer of tax pre-payments, collect result forecasts and monitor pre-paid taxes vs estimate of tax burden
  • In charge of the documentation, finalization and correct application of the TPAs (Transfer Pricing Agreements) in collaboration with the Head Office
  • Work on the improvement of AP process, e.g. through vendor/account mapping, VAT grids, or by developing a concept to easier match contract with invoices and providing training to employees involved in the approval process on the way to change RC allocation
  • Establish SLA’s and set the budget
  • Sponsor projects in the finance field (regulatory or transformation), ensure a smooth communication with all BU/SU - Propose arbitration decision whenever necessary
  • Initiate and drive digital and process improvements for DFIN Frankfurt, i.e. be involved in change management processes

Profile required

Experience and technical skills

  • University degree in Accounting, or Finance, or equivalent  
  • Several years in responsible financial leadership roles
  • IFRS / German GAAP, tax and regulatory knowledge
  • Analytical skills 
  • Fluency in German and English (written and orally) is required; French is of advantage
  • Proficiency with MS Office applications, especially strong working knowledge of Excel is preferred

 Personal abilities/ competencies

  • Management skills and leadership qualities
  • Flexibility as well as adaptability
  • Ability to make decisions and to work under pressure 
  • Strong interpersonal skills, ability to communicate and manage well at all levels of the organization and with staff at remote locations is essential
  • Strong problem-solving skills as well as creativity and the ability to exercise sound judgment and to make decisions based on accurate and timely analyses
  • High level of integrity and dependability with a strong sense of urgency and results-orientation

Business insight

Société Générale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth, aiming to be the trusted partner for its clients, committed to the positive transformations of society and the economy. With a solid position in Europe and connected to the rest of the world, Société Générale has over 133,000 members of staff in 61 countries and supports on a daily basis 30 million individual clients, businesses and institutional investors around the world.

The finance department of Société Générale S.A. has approximately 2000 employees worldwide. It plays an important role in the development of the group as well as in financial planning, cash flow management, preparation of financial reporting, regulatory reporting, asset & liability management and financial market communication. The finance department supports the business units by managing financial and budget strategies, analysing and assessing financial targets and business results, and makes an important contribution to the bank's overall value creation. Finance participates in the strategically sound measurement and analysis of results for all internal and external stakeholders and provides an objective, cross-divisional perspective to guide management and group decisions.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 23000G9I
Entity: Group Corporate Functions
Starting date: 2023/07/01
Publication date: 2023/05/25