Finca Nigeria Chief Financial Officer Jobs September 2014
FINCA provides financial services to the world’s
lowest-income entrepreneurs so they can create jobs, build assets and improve
their standard of living. We are an anti-poverty organization whose work is
aimed at creating employment, raising family incomes, and reducing poverty
worldwide. FINCA offers small loans and other products to those turned down by
traditional banks, believing that even the poor have a right to financial
services. With these loans, families can invest in, and build, their own small
businesses and their income-earning capacity. Worldwide, our clients post
repayment rates over 97 percent.
FINCA pioneered the “Village Banking method” of credit
delivery, now used by hundreds of organizations worldwide. Our programs reach
the poor in more diverse countries than any other microcredit provider. We
operate Village Banking programs in 23 countries of Africa, Eurasia, the
Greater Middle East and Latin America, serving over 1,000,000 people – 70%
women.
We’re not a typical charity. We offer loans, not gifts, and
we promote financial independence, both among our clients and in our programs.
Although we are a nonprofit, we operate using sound business principles and an
entrepreneurial spirit.
Our work enables poor families to create their own solutions
to poverty. Our Village Banking methodology promotes community and individual
development, helping lift entire communities out of poverty.
CHIEF FINANCIAL OFFICER
JOB DESCRIPTION
The Chief Financial Officer (CFO) is directly responsible
for managing all finance and accounting activities of FINCA Nigeria, and supervises
all its finance staff. S/he will ensure that the finance activities of FINCA
Nigeria will support FINCA Nigeria in pursuing its mission with a minimum of
risk and a maximum of efficiency. As a member of the Management Team/Board,
s/he shares responsibility for the overall performance and activities of FINCA
Nigeria, and participates in making decisions on material issues.
ESSENTIAL DUTIES include the following. Other duties may be
assigned.
Manage generation of financial statements according to local
accounting standards
Manage timely reporting to relevant local authorities
(central bank, tax office, etc.)
Manage timely reporting to F/I and hub
Analyze financial data and develop financial analysis as a
key management tool with the aim of optimizing FINCA Nigeria’s activities:
identify risks, inefficiencies, negative tendencies, and propose measures that
reduce risks, improving efficiency, and reverse negative tendencies
Create/modify procedures such that they are low-risk and
efficient
Ensure compliance of FINCA Nigeria with financial covenants
in agreements with creditors and donors
Create cash flow forecasts
Ensure availability of sufficient resources for lending in
the required currency
Manage all financial transactions with creditors, banks,
donors
Manage the planning and budgeting process of FINCA Nigeria
Act as the coordinator and main contact person with external
auditors
Keep all Management Team/Board members informed about
relevant issues/developments in FINCA Nigeria’s finance activities and
department
Participate/vote in decision-making (with Management
Team/Board Members) on relevant “Finance” and “Non-Finance” issues
Manages relationships with all Lenders, both local and
external, in concert with the CMG Team in HQ.
Manage the ALCO Process as the principal representative of
the local subsidiary.
JOB REQUIREMENTS
SUPERVISORY RESPONSIBILITY
Supervise all finance staff of FINCA Nigeria. For finance
staff located in branches, the CFO retains the “professional responsibility”,
whereas the “administrative responsibility” is transferred to the branch
manager
Responsible for hiring/evaluating all finance staff (for
branch employees: professional responsibility only; administrative
responsibility is with branch manager), and their dismissal, if necessary
Assess the training requirements for the Finance Department
as a whole and for its individual employees, and develop a capacity building
plan for the Department and its individual employees
Preparation of staff to assume management positions
Conduct performance evaluations of the staff reporting to
him/her and verify that the supervisory personnel also perform evaluations of
their staff in a timely manner according to established procedures
COMPETENCIES
Analytical – Synthesizes complex or diverse information;
Collects and researches data; Uses intuition and experience to complement data;
Designs work flows and procedures.
Managing People – Includes staff in planning,
decision-making, facilitating and process improvement; Takes responsibility for
subordinates’ activities; Makes self-available to staff; Provides regular
performance feedback; Develops subordinates’ skills and encourages growth;
Solicits and applies customer feedback (internal and external); Fosters quality
focus in others; Improves processes, products and services.; Continually works
to improve supervisory skills.
Cost Consciousness – Works within approved budget; Develops
and implements cost saving measures; Contributes to profits and revenue;
Conserves organizational resources.
Quality – Demonstrates accuracy and thoroughness; Looks for
ways to improve and promote quality; Applies feedback to improve performance;
Monitors own work to ensure quality.
Written Communication – Writes clearly and informatively;
Edits work for spelling and grammar; Varies writing style to meet needs;
Presents numerical data effectively; Able to read and interpret written
information.
Ethics – Treats people with respect; Keeps commitments;
Inspires the trust of others; Works with integrity and ethically; Upholds
organizational values.
QUALIFICATIONS
Extensive experience in best-practice financial management
of a company, desirably a financial institution.
Outstanding interpersonal, communication and training
skills.
Strong business management and negotiating skills.
Excellent technical report writing skills and computer
literacy.
Strong analytical and organizational skills.
Good understanding of IT issues and the role and
possibilities of IT in financial management.
EDUCATION & EXPERIENCE
Master’s Degree in Business, Finance, Economics, Management
or Marketing (or equivalent work experience)
CPA, or Chartered Accountancy qualification (desirable)
Banking experience, or experience working in a regulated
financial instution (required)
Experience working in Nigeria (required)
Language Skills
Fluency in English
KEY DELIVERABLES
Create/develop appropriate reports: financial ratios;
liquidity report; currency gap report; various credit reports; breakdown by
branches/regions; breakdown by products; plan-fact comparison; historic
development; other as required/appropriate
Ensure compliance of FINCA Nigeria’s finance activities with
the Charter/bylaws of the subsidiary; FINCA and subsidiary policies, procedures,
plans and agreements; decisions of subsidiary governing bodies as well as
headquarter and regional office supervisor(s); maintain good coordination with
regional office, headquarters, and governing bodies
Present relevant “Finance” issues to the Management
Team/Board for information, discussion, decision making
KEY RELATIONSHIPS
Subsidiary Chief Executive Officer
Subsidiary Chief Operations Officer
Global Chief Financial Officer
Subsidiary finance team
TRAVEL REQUIREMENTS
Availability and willingness to travel up to 25% of the time
PHYSICAL DEMANDS
Ability to travel in economy class when traveling by air or
rail.
CLICK HERE TO APPLY
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