Job Title: Chief Finance Officer
Organisation: Q Sourcing (MTN
Mobile Money Agent)
Mobile Money Agent)
Duty Station: Kampala, Uganda
About US:
Q Sourcing is
an East African human resource consulting and outsourcing company, combining
unparalleled experience and expertise across business functions. Q Sourcing is
a manpower management solutions firm operating in the East African Region in
the countries of Uganda, Kenya, Rwanda and South Sudan. They would like to
recruit for a valuable client, the leading MTN Mobile Money Agent in Uganda and
targets expanding its regional footprint and add complimentary products and
services.
an East African human resource consulting and outsourcing company, combining
unparalleled experience and expertise across business functions. Q Sourcing is
a manpower management solutions firm operating in the East African Region in
the countries of Uganda, Kenya, Rwanda and South Sudan. They would like to
recruit for a valuable client, the leading MTN Mobile Money Agent in Uganda and
targets expanding its regional footprint and add complimentary products and
services.
Job Summary: The Chief
Finance Officer will be responsible for implementing the finance policies of
the Company, financial processing and monitoring the budget on a day-today
basis. The incumbent will significantly contribute to the development and
execution of the Company’s growth strategy, advising on the most prudent
mechanisms for fiduciary management, ensuring that there are proper financial and
accounting controls, and identifying investment considerations that will ensure
that the value of the Company’s assets are protected. The CFO will also work
with the MD to drive the business and enable the performance management of the
other functions within the company. He / she will be in charge of supervising
all the employees in the Finance Department.
Finance Officer will be responsible for implementing the finance policies of
the Company, financial processing and monitoring the budget on a day-today
basis. The incumbent will significantly contribute to the development and
execution of the Company’s growth strategy, advising on the most prudent
mechanisms for fiduciary management, ensuring that there are proper financial and
accounting controls, and identifying investment considerations that will ensure
that the value of the Company’s assets are protected. The CFO will also work
with the MD to drive the business and enable the performance management of the
other functions within the company. He / she will be in charge of supervising
all the employees in the Finance Department.
Key Duties and Responsibilities:
1.
Financial Management:
Financial Management:
·
Managing and administering all financial plans
Managing and administering all financial plans
·
In charge of business planning, budgeting and
forecasting processes, including coordinating and integrating strategic and
business plans for profit and cost centers and capital budgets
In charge of business planning, budgeting and
forecasting processes, including coordinating and integrating strategic and
business plans for profit and cost centers and capital budgets
·
Ensuring that daily financial operational matters
are executed according to approved plans in a timely manner, and ensuring that
there is continual and vigilant monitoring of expenses against budgets, and
monitoring growth in revenue streams
Ensuring that daily financial operational matters
are executed according to approved plans in a timely manner, and ensuring that
there is continual and vigilant monitoring of expenses against budgets, and
monitoring growth in revenue streams
·
The integrity of the Company’s accounting systems,
internal controls, cash management, signatories and discretionary authorities,
and managing the relationship with external auditors
The integrity of the Company’s accounting systems,
internal controls, cash management, signatories and discretionary authorities,
and managing the relationship with external auditors
·
The Company’s financial and business reporting, tax
planning, estimating and reporting, and regulatory reporting and compliance
The Company’s financial and business reporting, tax
planning, estimating and reporting, and regulatory reporting and compliance
·
The incumbent will be managing the successful cash
collections programme
The incumbent will be managing the successful cash
collections programme
·
Building and strengthening the relationship with
Banks & investors. The CFO is expected to provide strategic input on the
financial considerations that the Company must address for continued growth and
profitability
Building and strengthening the relationship with
Banks & investors. The CFO is expected to provide strategic input on the
financial considerations that the Company must address for continued growth and
profitability
·
Responsible for identification, assessment and
management of the Companies’ business risks and reporting on them
Responsible for identification, assessment and
management of the Companies’ business risks and reporting on them
·
Being the principle liaison with the Board’s Audit
Committee
Being the principle liaison with the Board’s Audit
Committee
·
Ensure that supplier contracts are negotiated to the
best interest of the Company
Ensure that supplier contracts are negotiated to the
best interest of the Company
·
Look for and implement better credit options for the
Company
Look for and implement better credit options for the
Company
·
Meeting regularly and as required with the Heads of
Company, Operations Director and Heads of Department to review material issues
and to take reasonable steps to ensure that the Board is provided in a timely
manner with all the information required to fulfill the Company’s statutory and
other obligations
Meeting regularly and as required with the Heads of
Company, Operations Director and Heads of Department to review material issues
and to take reasonable steps to ensure that the Board is provided in a timely
manner with all the information required to fulfill the Company’s statutory and
other obligations
·
Manage CAPEX plans
Manage CAPEX plans
2.
Accountability:
Accountability:
·
Responsible for the production of monthly financial
data and commentary relating to the business in the format required for
Organization Africa Management Accounts.
Responsible for the production of monthly financial
data and commentary relating to the business in the format required for
Organization Africa Management Accounts.
·
Responsible for the accuracy of the functional
reporting within organization in line with company codes/profit and cost
centers.
Responsible for the accuracy of the functional
reporting within organization in line with company codes/profit and cost
centers.
·
Regularly review regular trends analysis of specific
cost and income lines to identify potential problem areas and possible savings
and report findings as appropriate.
Regularly review regular trends analysis of specific
cost and income lines to identify potential problem areas and possible savings
and report findings as appropriate.
·
Responsible for strategic Investment and
Restructuring reporting
Responsible for strategic Investment and
Restructuring reporting
·
Establish and manage a robust procedure for the
regular review of the full year forecast for all profit/cost centers.
Establish and manage a robust procedure for the
regular review of the full year forecast for all profit/cost centers.
·
Review monthly performance against budget on all
cost centers and ensure that any excesses are challenged/agreed
Review monthly performance against budget on all
cost centers and ensure that any excesses are challenged/agreed
·
Full control of the elimination process and ensure
all outstanding are followed and escalation process established.
Full control of the elimination process and ensure
all outstanding are followed and escalation process established.
·
Regularly review and sign-off the monthly cost
centre statement, which are the direct responsibility of the job holder.
Regularly review and sign-off the monthly cost
centre statement, which are the direct responsibility of the job holder.
·
Ensure accounts reconciled on a monthly basis.
Ensure accounts reconciled on a monthly basis.
·
Ensure compliance with Group Accounting Manual and
other governance requirements and also keep
appropriate
Ensure compliance with Group Accounting Manual and
other governance requirements and also keep
appropriate
·
Records are kept for audit purposes.
Records are kept for audit purposes.
Key Performance Indicators:
·
Timely reporting
Timely reporting
·
Compliance with all statutory requirements
Compliance with all statutory requirements
·
Receivables, Payables and Inventory management
Receivables, Payables and Inventory management
·
Cash management
Cash management
·
Driving efficiency in operations, including reducing
Working Capital needs and advising on opportunities for greater revenue
generation
Driving efficiency in operations, including reducing
Working Capital needs and advising on opportunities for greater revenue
generation
·
Timely support to other senior management
Timely support to other senior management
·
Good investor relations
Good investor relations
·
Robust internal audit controls
Robust internal audit controls
Qualifications, Skills and Experience:
·
The applicant should preferably hold a CPA or ACCA
with at least a Bachelor’s Degree in a relevant discipline preferably augmented
with an MBA.
The applicant should preferably hold a CPA or ACCA
with at least a Bachelor’s Degree in a relevant discipline preferably augmented
with an MBA.
·
Member of the institute of Certified Public
Accountants of Uganda.
Member of the institute of Certified Public
Accountants of Uganda.
·
A minimum of four years of financial management
responsibility in a for-profit environment.
A minimum of four years of financial management
responsibility in a for-profit environment.
·
Past experience in successfully managing working
capital
Past experience in successfully managing working
capital
·
Prior exposure and experience in dealing with cost
management and optimization.
Prior exposure and experience in dealing with cost
management and optimization.
·
Past experience with initiating and leading
improvement programmes, developing and implementing strategic plans and
overseeing change
Past experience with initiating and leading
improvement programmes, developing and implementing strategic plans and
overseeing change
·
Prior experience with project management,
procurement, overseeing advisors and contractors
Prior experience with project management,
procurement, overseeing advisors and contractors
·
Experience in dealing with multi-tenant stakeholders
Experience in dealing with multi-tenant stakeholders
·
Detailed knowledge and understanding of private
equity fund investor issues
Detailed knowledge and understanding of private
equity fund investor issues
·
Strong treasury and cash management background
Strong treasury and cash management background
·
Strong, positive leadership, able to influence
service providers and management teams.
Strong, positive leadership, able to influence
service providers and management teams.
·
Prior experience in arranging and negotiating for
banking facilities for the whole spectrum of banking products.
Prior experience in arranging and negotiating for
banking facilities for the whole spectrum of banking products.
·
Experience in working with tax authorities and other
relevant statutory bodies.
Experience in working with tax authorities and other
relevant statutory bodies.
Personal Competencies:
·
Ability to lead and motivate staff
Ability to lead and motivate staff
·
Ability to identify individual and team development
needs regularly by monitoring team and
individual performance, coaching and recommending training.
Ability to identify individual and team development
needs regularly by monitoring team and
individual performance, coaching and recommending training.
·
Ability to conduct formal performance and development
reviews for direct reports.
Ability to conduct formal performance and development
reviews for direct reports.
·
Ability to facilitate the effective use of resources
across teams (within wider finance and business community), recognizing where
the resource from team may usefully be employed to utilize their skills and
experience in another.
Ability to facilitate the effective use of resources
across teams (within wider finance and business community), recognizing where
the resource from team may usefully be employed to utilize their skills and
experience in another.
·
Drive Performance
Drive Performance
·
Delight Customers
Delight Customers
·
Delight Customers
Delight Customers
·
Build Pride and Passion
Build Pride and Passion
·
Execute at Speed
Execute at Speed
·
Grow Talent and Capability
Grow Talent and Capability
·
Protect and Enhance our Reputation
Protect and Enhance our Reputation
·
Working across culture
Working across culture
·
Embracing Change
Embracing Change
·
Strong stakeholder management and relationship
skills
Strong stakeholder management and relationship
skills
·
Strong financial management and profit maximization
skills
Strong financial management and profit maximization
skills
·
Strong operational experience, with a sound
experience of managing working capital, ideally in a trading business.
Strong operational experience, with a sound
experience of managing working capital, ideally in a trading business.
·
Excellent people management and communication skills
Excellent people management and communication skills
·
Excellent credit control skills – optimizing the
balance between payables and receivables
Excellent credit control skills – optimizing the
balance between payables and receivables
·
Excellent presentation skills
Excellent presentation skills
·
Strong negotiation skills (primarily for banking,
insurance and other financial services)
Strong negotiation skills (primarily for banking,
insurance and other financial services)
·
Working knowledge of financial compliance and
governance requirements
Working knowledge of financial compliance and
governance requirements
·
Impeccable integrity and diligence
Impeccable integrity and diligence
·
Excellent proven analytical, planning and
organization skills
Excellent proven analytical, planning and
organization skills
·
Ability to work in a multi-cultural environment
Ability to work in a multi-cultural environment
·
Proven ability to work successfully under pressure
Proven ability to work successfully under pressure
·
An independent thinker able to challenge other
members of the management team, while maintaining amicable, professional
relationships.
An independent thinker able to challenge other
members of the management team, while maintaining amicable, professional
relationships.
How to Apply:
All suitably
qualified and interested candidates are encouraged to send a comprehensive CV
via e-mail to:
[email protected]. Please kindly mark your application as
“Application _ Chief Finance Officer” in the subject line of your email.
qualified and interested candidates are encouraged to send a comprehensive CV
via e-mail to:
[email protected]. Please kindly mark your application as
“Application _ Chief Finance Officer” in the subject line of your email.
Deadline: 19th August, 2015
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