DESCRIPTION

The Chief Finance Officer is responsible for the financial well-being of the organization . The Chief Finance Officer is also responsible for designing and implementing financial strategies & policies for the institution that maximize shareholder return

DUTIES
Develop and implement an effective financial management strategy for the business
Prepare daily , weekly, monthly , quarterly and annual financial /performance reports for internal management use , external stakeholders such as the board , RBZ , shareholders and other stakeholders and monitors profitability
Monitor financial performance by measuring and analyzing results : initiating corrective actions , minimizing the impact of variances
In consultation with the Managing Director , Board and the Shareholders , secure adequate capital funding for the business
Develops and maintains a sound human resources plan for the department

Accomplish finance human resource strategies by determining accountabilities , communicating and enforcing values , policies and procedures : implementing recruitment, selection, orientation, training, coaching, counselling, disciplinary and communication program, planning, monitoring, appraising and reviewing compensation strategies
Directs accounting department activities : provides leadership , training and supervision within the department : provides a high level of customer relations and service and ensures compliance with the institutions policies and procedures
Lead the department in attaining departments financial goals
Conducts quarterly performance reviews of subordinates and manages overall performance of the same
Manages cash-flow and monitors and reviews the institution`s cash-flow position with the view of ensuring the institution maintains positive cash flows

Monitors credit and ensures credit is maintained within the defined limits
Develops and maintains adequate and effective financial control systems
Develops and maintains a reliable management and cost reporting system for the institution to ensure accurate and timeous reporting
Develops and maintains system that facilitate benchmarking of the institution`s performance against similar operations in the industry with a view of reducing costs to the lower quarter of the industry cost curve
Provide product financial evaluation
Oversee all financial operations and direct corporate financial planning structure
Conduct annual business planning and forecasting , monthly , weekly budgets
Monitor budget performance
Control and monitor expenditure
Provide financial planning and related ongoing advice for the managing director management
Formulates financial targets and budgets in accordance with the strategy determined by the Board Source for new capital funding

Provide accurate management information on time for decision making
Evaluate and advise on more effective allocation and utilization of resources
Establish an optimum capital structure for the company and debt equity rates
Constantly revise the balance sheet to maximize value for the institution e.g. debt to equity swaps

REQUIREMENTS
Minimum B.Com Accounting , Business Studies or Economics Degree or equivalent
Must be a qualified chartered accountant or chartered financial analyst
A holder of a post graduate degree such as MBA , MSc , Economics or equivalent will have an added advantage
10 years senior management experience with 5 years in a similar role
Must have excellent technical and practical kills in investments and financial management
Must have knowledge of relevant accounting packages
Must be able to develop , evaluate and interpret financial statements
Must be to formulate and implement effective cost management strategies
Exceptional stakeholder relations management skills

Interested suitably persons should forward their CV`s accompanied by an application letter detailing their suitability applications should be emailed to financisalrecruitment@gmail.com stating the position being applied for in the subject section . The closing date is 21 December 2022