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Finance Director Job Vacancy in Kenya

Vacancy: Finance Director

About the Company: Our Client is the world’s largest chain of primary and pre-primary schools. They democratize the right to succeed by giving families living in poverty access to the high-quality education that will allow their children to live a very different life. 

They leverage experts, data, and technology in order to standardise and scale every aspect of quality education delivery, from how and where academies are built to how teachers are selected and trained, and how lessons are delivered and monitored for improvement. They are vertically-integrated, tech-enabled, and on their way to profitability.
The Position: The Finance Director holds a critically important role at Our Client as the executive leading all Finance activities for a Company that is scaling at an unprecedented rate. Today, the Company operates in more than 359 academies in Kenya for more than 100,000 customers. 

Within the next year, Our Client will have launched 150 additional academies (expanding at a rate of one academy every three days) across Kenya, Uganda, and Nigeria, and will require financial leadership to build world-class financial infrastructure for a rapidly scaling multi-unit business. 

This includes the design and development of financial systems, policies, procedures and support team for the business taking into account current and fast growing high volume transactions, headcount, numbers of geographically distributed business units, and the operations multi-country global brand. 

The Finance Director is also able to dive deep into details and think at the ground level. 

He/she should be able to play offense as a business and systems thinker – scalability of platform, improvements to unit economic and scaling model, global shared services – as well as defense – dealing with leakage, fraud prevention, and air-tight controls in challenging operating environments. 

The Finance Director will report directly to the Managing director and is a core member of the leadership team.

  • Build and develop systems - set up highly efficient financial systems that take into account the highly technical payment, cash management, payroll and financial operating systems of a rapidly scaling, geographically distributed multi-unit operations. These systems need to be highly efficient or automated, data-driven, transparent and appropriate for emerging market conditions
  • Develop financial and non-financial key performance indicators and the appropriate reporting to assess financial and operational performance across the Company.
  • Ensure that systems and controls are in place to minimize and mitigate risk of fraud/leakage, as well as proactively audit key functions and accounts.
  • Support business expansion strategies by forecasting and assessing the financial impact of key decisions.
  • Maintain budgetary oversight at both a global and country-level of all departments within the company; work closely with managers and senior executives on budgeting and forecast process.
  • Manage the external audit process for financial statements; ensure that Company is in compliance with internal policies and relevant regulations.
  • Lead cash and risk management – manage banking relationships, cash flow forecasting, working capital, etc.
  • Lead the department in recruiting and retaining top staff; manage the development of staff through performance management process.
Qualifications and Educational Requirements
  • At least 10 years of experience within finance/corporate finance, including experience as Finance Director/VP Finance.
  • Deep experience leading and managing the financial operations and strategy for a Company with hyper growth and complex challenges across a broad scope of work.
  • Degree in a business/finance related field – e.g. accounting, MBA with a record of top academic performance from a top-tier elite institution.
  • Strong background in financial management (systems) with a thorough understanding of financial regulations.
  • Preferred Experience and Skills
  • Experience leading Finance for fast-growth, rapidly-scaling companies strongly preferred.
  • Success operating in environments with high risk of fraud and leakage, particularly in emerging markets.

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