JOB DESCRIPTION
Title: Chief Financial Officer
Start date: End of Q1 2021.
POSITION:
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Chief Financial Officer (CFO) |
Department: |
Senior Executives |
Reporting to: |
Chief Executive Officer (CEO) and Board of Directors
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Location: |
Kigali, Rwanda – Flexible work locations. |
Job type: |
Full time |
Job Grade/Class: |
Executive / E |
About CHANCEN International |
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CHANCEN International is a non-profit organization that provides an ethical, fair, and responsible financing model for young people in Africa to access quality tertiary education. This financing model is called an Income Share Agreement (ISA) and was tried and tested for 20 years in Germany before being launched in East Africa in 2018. With an ISA financing model, CHANCEN International pays tuition fees during beneficiaries’ tenure of their studies, and graduates pay them back according to their income at the end of their studies, thus making it possible to finance the next generation of students. CHANCEN administrative base is located in Kigali, Rwanda, and in its first two years of financing operations, more than 1300 young people accessed funds for their tertiary education. CHANCEN believes that young Africans are ready to take on the problems that have held their continent back if they are fairly and responsibly empowered. Education is one of the vehicles for harnessing that potential, and we work to create equal access to high-quality tertiary education for traditionally excluded populations. Our unique and innovative model of responsible and sustainable financing has the power to unleash intergenerational economic mobility for marginalized youth as they gain the skills required to participate in building strong economies and peaceful nations. CHANCEN International’s next phase of growth comes with the launch of the Future of Work Fund which provides a blended investment opportunity for investors who want to ensure that the next generation of youth in Africa acquire employable skills and move into gainful employment. Our Income Share Agreement model has ensured students were able to continue their education to employment journey in the midst of the COVID-19 crisis and the demand from both students and partner institutions has seen a sharp increase in recent months due to reduction in household income and the ability for excluded youth to pay for education. CHANCEN International is seeking to raise $6M by the close of 2020 to advance our goal of serving 10,000 students in Rwanda, South Africa, and Kenya by 2023. Our 25-year-old financial instrument provides a blended investment option with a 5% return on debt for a 6year term as well as the option to make catalytic equity. |
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About the Opportunity |
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CHANCEN International is looking to appoint a Chief Financial Officer (CFO) who will join the executive team as we pioneer student finance in Sub-Saharan Africa. The organization has its headquarters in Rwanda. The executive team works collaboratively to achieve the organization’s mission. The ideal candidate is committed to promoting and ensuring that continuous learning, innovation, transparency, and creativity are upheld per company culture. The CFO will contribute tremendously in improving the efficiency and effective use of the budget with the specific job purpose as follows: |
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Job Purpose |
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The CFO will have primary responsibility for planning, implementing, managing, and controlling all financial-related activities of CHANCEN International. This will include direct responsibility for accounting, finance, forecasting, strategic planning, assets costing, deal analysis, and negotiations. The candidate will also extend his/her job functions by obtaining and maintaining investor relations and partnership compliance. The following are high-level responsibilities of the CFO:
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Roles, Responsibilities, and Duties: |
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1. Strategic Finance
2. Operational Finance
3. Leadership and Development
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Job Specification |
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Educational Qualifications Requirements |
Minimum Bachelor’s Degree in Accounting or Finance, MBA and/or CPA highly preferred. |
Technical Skills, Competencies, and Experience |
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What we Offer? |
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Other benefits include:
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How to Apply? |
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Interested candidates must send their detailed CV listing at least three references with a letter of motivation and salary expectation to batya@chancen.international The Deadline for receiving applications is Friday 22nd January 2021. |