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NAFASI ZA KAZI FINCA TANZANIA


Chief Financial Officer, FINCA Tanzania

The Chief Financial Officer (CFO)is directly responsible for managing all finance and accounting activities of FINCA Tanzania, and supervises all its finance staff. S/he will ensure that the finance activities of FINCA Tanzania will support FINCA Tanzania 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 Tanzania, 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 Tanzania’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 Tanzania 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 Tanzania
  • Act as the coordinator and main contact person with external auditors
  • Keep all Management Team/Board members informed about relevant issues/developments in FINCA Tanzania'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.

SUPERVISORY RESPONSIBILITY
  • Supervise all finance staff of FINCA Tanzania. For finance staff located in branches, the CFO retains the “professional responsibility”, whereas the “administrative responsibility” is transferred to the branch manager


  • 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 Tanzania'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

    Job Requirements

  • 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)
  • Commercial banking experience (a minimum of 5 years is required, more - desirable)
  • Experience working in Tanzania (required)
Language Skills: Fluency in English

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.

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