Chief Financial Officer
Status: Full-Time
Location: Nairobi, Kenya
Start Date: December 2015
Compensation: Salary commensurate with qualifications
Reporting Relationship: Reports directly to ZanaAfrica Foundation &
ZanaAfrica Group CEO’s
Job Summary and Key Priorities: ZanaAfrica seeks to grow its Senior Management Teams and finance unit with the addition of a CFO to work collaboratively with our Hybrids’ CEOs and Chief Operating Officer.
The CFO will be responsible for the
overall management of finance, which includes provision of leadership in areas
of Sales and Marketing, Programs, Research and Development, financial services,
issues related to short-and-long term financial planning, corporate
diversification, capital and operational budgeting, fundraising, revenue
generation and expense management, financial analysis and financial operations.
The CFO will additionally be responsible to ensure completeness and integrity for the revenue cycle and follow-up on concerns regarding revenue and expenses; and, to participate in the development of short and long term objectives that will assure the continued growth of the Company as directed by our Business Model.
We seek an outstanding candidate with demonstrated leadership experience and a professional track record of exceptional performance in key executive financial positions.
Responsibilities
Strategy and Management
- Serve as a business partner to the CEOs of the
Foundation and Group on the organizations’ financial, budgeting, and
administrative processes—including partnering with the COO on HR, payroll,
and benefits functions—with an eye to continuously developing and
improving systems
- Partner with the leadership team on all
operational and strategic issues as they arise; provide strategic
recommendations to the leadership based on financial analysis and
projections, cost identification and allocation, and revenue/expense
analysis
- Participate in the ongoing strategic planning
process as an integral member of the senior management team
- Oversee long-term budgetary planning and cost
management in alignment with ZanaAfrica Foundation’s and Group’s
strategic/fund raising plan
- Engage the full leadership and finance team to
align financial management with short- and long-term financial planning
and projections
- Engage the boards’ finance committee around
issues, trends, and changes in the operating model and operational
delivery where needed
- Develop and manage direct staff, to include
managers in finance, HR, and IT; guide larger multidisciplinary teams
outside of direct span of control
- Provide guidance on attracting and developing
key international team members for ZanaAfrica Foundation and Group
Proactively manage cash flows in a
leveraged environment
- Assume overall leadership of the day to day
financial and control operations of ZanaAfrica subsidiaries, including
financial reporting, planning and analysis
- Conduct meaningful proactive analysis to
improve key business sales decisions focusing on management of working
capital
- Lead financial planning, budgeting, cash flow,
grant reporting, investment reporting and tracking while coordinating with
centralized budgeting to ensure timely and accurate compilation of
forecasts
- Plan, coordinate and execute the annual budget
process, direct the preparation of monthly financial reporting for
departments and routinely assist in the evaluation of this reports
- Liaise to the boards and auditors through
effectively communicating and presenting critical financial matters
Lead and define the financial
strategy
- Develop, monitor and evaluate overall
corporate strategy with the CEOs and Team Leads with emphasis on bottom
line performance
- Lead the company’s economic strategy,
forecasting and financial modeling and management, generating useful
financial insights to help make better decisions on formulation and
execution of our business model
- Coordinate data driven analytics throughout
the entire company to accurately measure current levels of earnings and to
identify risks and opportunities,
- Anticipate and correct problems in advance
Financial Management
- Review and approve preparation and
finalization of monthly and annual financial reporting materials and
metrics for Foundation and Group board of directors
- Oversee budgeting, financial forecasting, and
cash flow for administration, existing programs, and proposed new sites
- Manage one full-time accounting administrator;
hire and retain support staff as needed in the future Coordinate all audit
activities
Internal Finance Control
- Coordinate all audit activities
- Provide useful financial insights to help make
better decisions about formulating and executing strategy of various arms
of ZanaAfrica while recommending revisions to financial policies and the
development of relevant operation procedures
- Revise, develop and implement finance policies
including develop processes and disciplines around monitoring and
assessing potential risk of various business activities
- Expand financial reporting systems to
determine daily and weekly sales gross profit estimates and monthly
investors dashboard reporting; review performance as measured against
planned objectives and budget goals
- Establish internal control processes required
to manage and grow the business
- Oversee budgeting, and the implementation of
budgets, so as to monitor progress and present operational metrics both internally
and externally.
- Ensure that finance staff maintains financial
record systems in accordance with Generally Accepted Accounting
Principles, and monitor the use of all funds
- Oversee the preparation and approval of all
financial reporting materials and metrics for funding organizations and
ZanaAfrica Foundation’s and Group’s board of directors
- Prepare and communicate monthly and annual
financial statement.
- Manage cash flow and forecasting; direct all
financial, project-based, and departmental accounting.
- Evaluate and oversee all benefits negotiations
with COO, thus providing the most competitive packages for ZanaAfrica
Foundation and Enterprise employees
Fundraising & Communication
- Lead financial aspects of potential
fundraising activity; Lead the financial evaluation of possible grants and
loans collaboratively with CEO
- Structure, negotiate, and finalize required
agreements for grants and loans, Leading Budgeting and Cash flow channeling
for various activities as per respective guidelines
- Be involved in Fundraising proposal writing
and grant and investor reporting as per reporting donor guidelines
- Drive effective internal and external
communication interactions
- Manage communication of financial implications
of business decisions to CEO, Team Leads, Customers and Investors, voicing
well-substantiated dissenting opinions
Critical outcomes include:
- Leading and structuring the accounts/finance
team
- Supporting the executive team with key financial
information
- Driving a culture of accountability in
managing the Limited Company
Required Qualifications
- 5-10+ years’ progressive leadership experience
in a similar position
- Degree in Accounting, Finance or relevant
field, CPA and/or Master’s Degree is a strong merit
- Strategic Leader with strong grasp of
financial concepts, business models and proven experience creating
positive, measurable impact in a Hybrid environment
- Business experience working within East Africa
or across multiple countries
- Experience with grant reporting and
fundraising
- Proven experience building and managing
complex business models
- Ability to balance attention to detail with
seeing the big picture to execute administratively while forming strategy
- Inexhaustible enthusiasm, energy and humor
Our Culture
We’re a growing group of now 18 bold, smart, dedicated individuals from diverse backgrounds who are passionate about empowering girls and women using all the tools available of non-profit and for-profit acumen.
We’re a tight knit team of big
thinkers and visionaries who are constantly pushing ahead, innovating, and
moving fast to have the greatest impact on the lives of girls and society as a
whole.
How to Apply
Kindly include the position title in
the subject line of the email and send your CV, Cover Letter, a writing sample,
and referees, addressed to Caroline Gitau at careers@zanaafrica.com by 15th
November 2015.
INCOMPLETE APPLICATIONS AND APPLICATIONS NOT IN PDF FORMAT WILL NOT BE
REVIEWED.
Only Shortlisted Candidates Will Be Contacted Interviews, will be conducted on a rolling basis.
