Finance Manager – Rwanda at Inkomoko: Closing date: Aug 31, 2023

Inkomoko supports entrepreneurs to grow their businesses in order to improve livelihoods, create jobs, and help communities thrive.

Founded in 2012, Inkomoko has worked with more than 60,000 entrepreneurs across East Africa, including thousands of refugee entrepreneurs. Inkomoko provides a combination of training, consulting, access to finance, and market-level systems change.  We are the largest lender to refugee entrepreneurs in Africa.

Inkomoko has +300 staff in 20 offices across Rwanda, Kenya, and Ethiopia, and is expanding in 2023 into South Sudan. Through Inkomoko’s 2030 strategic plan, we are adding 4 additional countries to serve more than 550,000 entrepreneurs and growing our $30M loan fund.

All staff at Inkomoko are connected to a shared set of organizational values:

• Purpose: be solutions-oriented, produce high-quality work, be a global leader.

• Achievement: push yourself to reach beyond what you previously thought possible.

• Improvement: be humble, and engage in continuous growth through open & accurate feedback.

• Bravery: willing to take risks, create a safe space for others, be compassionate, inclusive.

• We Eat Goat: we celebrate success and support each other in hard times. We do this work together in the spirit of turikumwe, tuko pamoja, abren nen, urang babarengan.

  Inkomoko reflects the communities we serve.  Displaced persons and women are strongly encouraged to apply.
  
  
  
  

  About the Opportunity

Reporting to the Finance Director the Finance Manager is responsible for leading the finance teams in Rwanda, setting the right financial controls, compliance, and financial reporting among other responsibilities. Specific responsibilities include:

FINANCE & REPORTING (50%)

• Oversee overall company finance operations, and liaise with group-level management for consolidation and consistency

• Prepare monthly financial statements (P&L, Balance sheet, cash flow, Budget performance report) together with the notes for reporting and consolidation across the group

• Provide the support and information required for preparation of Funder reports

• Perform financial management duties including review of financial data, reporting, and assessing the financial health of country-wide operations

• Review general ledger transactions on a monthly basis to ensure completeness, cut off, occurrence and accuracy of recorded transactions.

• Conduct a month-end closing process, and ensure all accounts are reconciled

• Supervise AR/AP staff to ensure client billing and payments are timely processed.

• Supervise AR/AP staff to ensure that suppliers provide all supporting documents and procurement policy complied with in all purchases.

• Prepare annual financial statements following the end of each financial year.

• Advise the procurement team to ensure both value for money and tax compliance in the various purchases.

• Review and process payroll payments on a monthly basis

• Ensure all in country clients and supplier contracts are properly managed
  
  
  

COMPLIANCE & REGULATION (20%)

• Ensure compliance with tax, banking, and other regulatory requirements

• Enforce company fiscal policies across all areas of operation

• Maintain all internal controls and elevate any deviations therewith to the CFO/COO.

• Regularly update the Financial Director and CFO of any new or change in laws and regulations affecting the company’s operations.

• Ensure financial transactions are accounted for in accordance with company’s policies and IFRS

• Be the lead in-country person for the annual statutory, tax and regulator audits
  
  
  

CASH & ASSET MANAGEMENT (10%)

• Prepare cost estimates for funds required by the company on a monthly basis.

• Participate in the budgeting process and ensure that the company budget is monitored throughout the year.

• Ensure assets are recorded with completeness, tagged, regularly updated with disposals and acquisition and depreciation is run regularly

• Work with the Loan/Treasury manager and Banking & Cash Associate to advise on investment, banking, and cash management

TEAM ADMINISTRATION & LEADERSHIP (20%)

• Supervise all in-country finance staff, including hiring/discipling, setting annual goals, capacity building

• Ensure department efficiency, and propose group-wide areas for continual improvement

• Liaise with cross-functional teams (IT, investment, BGS, MEL, etc) to provide excellent customer service, increase effectiveness, and ensure they understand finance policies and processes and comply with them.

• Provide support to the Finance colleagues, Managing Director, or CEO/COO

• Benchmarking exercises to keep at par with the best practices within the fintech and industry standards.
  
  
  

Successful candidates will have both technical skills in finance, plus alignment with company vision and values. Successful candidates must navigate fast-paced environments with enthusiasm and incredible attention to details.
Minimum qualifications include:

• University degree (BA or Masters) in accounting, finance, or related field

• Professional qualification (CPA or ACCA, CFA or CIFA) strongly preferred

• At least 5 years of work experience in accounting and finance or other relevant field

• At least 2 years in a team supervisory or managerial position.

• Fintech experience preferred

• Skilled in the use of Microsoft Word, Excel, and financial modeling/budgeting

• Skills in using accounting softwares, Odoo preferred

• Good understanding and application of GAAP and IFRS

• Excellent of Country’s applicable tax, legal & regulatory framework

• Ability to assess risks and exercise reasonable judgment in making decisions.

• Analytical and financial reporting skills

• Ability to meet deadlines and work independently with the highest personal integrity

• English and Country’s national language fluency required.
  
  
  

This role is inside a high-growth, mission-driven social enterprise. By joining, you’ll access:

• Competitive salary, and potential KPI-based bonus

• Incredible company culture, including deep investment in your learning and growth

• Diverse colleagues and policies that show our commitment to equity and inclusion

• Talented, passionate, and committed team colleagues across the region

• Ability to make a significant social impact to your community

• Generous health insurance, staff savings, parental leave, sabbatical, and more benefits.
  
  
  

To Apply

If you’re excited about this role, please submit your cover letter and CV.

Tell us what you’ll bring to this role and company.

As a company, we have policies in place that promote diversity, equity, and inclusion at all levels.

We do not employ staff whose background is not suitable. All employment is conditional upon the successful completion of all applicable background checks.