ADVERTISEMENT FOR CHIEF FINANCIAL OFFICER (CFO)
COMPANY SUMMARY:
ASA Microfinance (Rwanda) Plc. is a subsidiary of ASA International which is a Public Limited Company, had been establishing Microfinance Institutions (MFIs) in different countries of Asia and Africa by playing role in poverty alleviation and women empowering and has extensive microfinance programs globally.
Currently, ASA Rwanda is operating through 30 branches in different corners of the country and simultaneously executing the following objectives:
- Creating opportunities which give access to credit to low-income entrepreneurs in rural areas of Rwanda;
- Contribute to the acceleration of sustainable development of Microfinance in Rwanda;
- Create employment opportunities and professional training for Rwandan Staffs.
In this regard, we are looking for competent, dynamic, self-motivated professional, highly-analytical, and possess excellent written and verbal communication skills staff to fill up the positions of Chief Financial Officer (CFO)
1. CHIEF FINANCIAL OFFICER (CFO)
Department |
ASA International |
Job Title |
Chief Financial Officer (CFO) |
Location |
Rwanda |
Reporting to: |
Managing Director with a dotted line to Group CFO |
Type of contract |
Open-ended contract |
Level/Grade |
VI |
Job purpose: |
An integral part of the ASA International management team. In charge of managing day to day financial management process, as well as providing strategic direction to ASAI management team. Emphasis on Reporting, Financing, Budgeting, Group Reporting Cohesion, Development, and Timeliness. |
Major responsibilities: |
• Financial Strategy, Risk Management, and Regulatory Requirements: Plays a key role in the development of finance strategy for the Operation. Develop operating plans for Accounts, Payroll, Data Management, and Budgeting in collaboration with local and group finance and accounts team. Sets performance objectives for the team and creates annual execution plans. Works closely in securing resources required to align department activities to overall organizational strategy. Actively identifies and manages financial risks by overseeing ALCO and ALM with effective controls. Correspond to local regulations, laws, and taxes. • Financial Management: Lead the development of the annual budget process. Liaise strongly and regularly with group budgeting prepared by the Budget team. Monitor annual planning and budgeting exercise of core funds. Coordinate budgets and forecast preparation. Seeks approval and guidance on the budget plan from Country CEO/MD and Group CFO. Manage and supervise treasury functions and investment portfolios in ASAI country level. Review lender documents, lender reporting. • Financial Control and Reporting: Monitor teams for timely execution of process activities (e.g. processing vouchers, releasing payments, manage credits), and adherence to policy guidelines. Track progress against the execution plan and monitoring framework of each team. Review finance metrics, covenants, and incident reports. Take corrective action with CEO/MD to minimize deviations from plans. Provide key financial and management reports on time. Reviews and Signs off on timely Reporting Packs sent to Group. Manage the Statutory and Group Audit and Review process. Introduce efficient measures in Reporting. • IT System Management: Closely work with IT team to ensure all financial reports are in order. Work to digitalize processes in the system and ensure a smooth transition into IT systems. Develop the system. • Process Improvement and Knowledge Management: Periodically review and revise Finance Policies and Procedures to ensure consistency with standards and best practices. Collect feedback from team members and internal customers on the efficacy of activities. Identify opportunities to improve the effectiveness of processes across departments in order to continuously improve the quality of service. Apply internal control procedures to minimize risk. Participate in bi-weekly video conferencing with Group CFO on recent transactions, updates, progress, ideas, and issues. • People Management: Identify, prioritize, and deploy action items for competency development of team members; Cascade department goals to individuals, allocate resources, and appraise performance against set targets. Guide on-the-job training for team members. Work closely with other departments. Identify, develop, and promote high performers in a team in order to build an efficient team. |
Major challenges |
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Key performance indicators (KPIs) |
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Decision making |
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Day to day operational issues on managing finance and accounts department of the respective operation |
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On major strategic issues impacting on country and group profitability |
Performance appraiser for this role |
Managing Director in consultation with Group CFO |
Additional responsibilities |
Financial Officer/Directors |
Number of reporters: |
Direct: (Accounts Officer and Assistant Accounts Officer) |
|
Indirect: (Branch Heads) |
Education |
Graduated in Finance or Accounting (Bachelor’s Degree) but a Post-graduate Degree is preferred (Master’s Degree). Being a Certified Public Accountant (CPA) or fully completed ACCA with proofs. |
Salary and Allowances |
Competitive salary compared to other MFIs In-house Medical Insurance covering 90% of medical expenses for him/her and legal dependents. |
Requirements – skills, knowledge, abilities – for chief financial officer
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Applications should be addressed to the Managing Director of ASA MICROFINANCE (RWANDA) PLC located in KIGALI City, GASABO District, Plot No. – 95, NTORA Village, KG 784 St. RUHANGO Cell, Gisozi Sector, Kigali, Rwanda.
Hard copies applications are accepted and submitted at the Head Office Reception of ASA Microfinance Rwanda Plc, or online application sent to info@asarwanda.rw with subject mention CFO / HRM Application not later Friday, 31st July 2020 at 5:00 PM. Only, shortlisted candidates to sit for written and verbal tests will be communicated within one week after.
“ASA International aims to attract and select a diverse workforce, ensuring equal opportunity to everyone, irrespective of race, age, gender, class, ethnicity, disability, location, and religion.
Qualified women are particularly encouraged to apply.”
Done at Kigali on 21st July 2020
UWIMPUHWE Samuel
Senior Human Resources Officer
ASA Microfinance (Rwanda) Plc