Chief Financial Officer

reporting to: the managing director

About the role

The CFO is responsible for effective financial risk management and for planning the organization’s financial strategy including building financial models, analyzing data, preparing financial statements, reconciling income with expenses, and keeping track of the company’s earnings and projected cash flows. By preparing accurate forecasts, analyzing strengths and weaknesses of financial strategies and proposing corrective actions, when necessary, the CFO shall play a key role in decisions about future investments or cuts.

Specific Duties

  1. Maintain an optimal capital structure for the business
  2. Drive the company’s financial planning
  3. Ensure cash flow is appropriate for the organization’s operations
  4. Oversee and direct preparation of financial statements
  5. Prepare reliable current and forecasting reports
  6. Oversee collaboration with external auditors and address audit findings
  7. Allocate capital to long term assets
  8. Decide on investment strategies considering cash and liquidity risks
  9. Compare profitability and cut off rates between proposed investments and prevailing investments and make recommendations
  10. Perform risk management by analyzing the organization’s liabilities and investments
  11. Control and evaluate the organization’s revenue growth plans and capital structure
  12. Keep abreast of changing regulations, emerging risks and trends and constantly make adjustment and recommendations to safeguard the business
  13. Supervise all finance personnel
  14. Evaluate and oversee performance and performance related matters for the department
  15. Ensure compliance with the law and the company’s policies
  16. Leverage and optimize the company’s finance IT systems
  17. Manage vendor relationships

Key performance indicators

  1. Timely and proactive financial reporting
  2. Increased revenue from prudent financial investments
  3. Deployment of an effective financial risk management framework for the business
  4. Marked increase in the capacity of the finance team through mentorship and capacity building

Experience and Qualifications

  1. At least 10 years’ experience in accounting, finance, or financial audits
  2. CPA K qualification
  3. BSc/BA in Accounting, Finance or relevant field
  4. MSc/MBA is a plus
  5. In depth knowledge of corporate financial law and risk management practices
  6. Excellent knowledge of data analysis and forecasting methods
  7. Proficient in the use of MS Office and financial management software
  8. Ability to strategize and solve problems
  9. Strong leadership and organizational skills
  10. Excellent communication and people skills
  11. An analytical mind, comfortable with numbers