About US:
Q Sourcing is an East African human resource consulting and outsourcing company, combining unparalleled experience and expertise across business functions. Q Sourcing is a manpower management solutions firm operating in the East African Region in the countries of Uganda, Kenya, Rwanda and South Sudan. They would like to recruit for a valuable client, the leading MTN Mobile Money Agent in Uganda and targets expanding its regional footprint and add complimentary products and services.
Job Summary: The Chief Finance Officer will be responsible for implementing the finance policies of the Company, financial processing and monitoring the budget on a day-today basis. The incumbent will significantly contribute to the development and execution of the Company’s growth strategy, advising on the most prudent mechanisms for fiduciary management, ensuring that there are proper financial and accounting controls, and identifying investment considerations that will ensure that the value of the Company’s assets are protected. The CFO will also work with the MD to drive the business and enable the performance management of the other functions within the company. He / she will be in charge of supervising all the employees in the Finance Department.
Key Duties and Responsibilities:
1. Financial Management:
· Managing and administering all financial plans
· In charge of business planning, budgeting and forecasting processes, including coordinating and integrating strategic and business plans for profit and cost centers and capital budgets
· Ensuring that daily financial operational matters are executed according to approved plans in a timely manner, and ensuring that there is continual and vigilant monitoring of expenses against budgets, and monitoring growth in revenue streams
· The integrity of the Company’s accounting systems, internal controls, cash management, signatories and discretionary authorities, and managing the relationship with external auditors
· The Company’s financial and business reporting, tax planning, estimating and reporting, and regulatory reporting and compliance
· The incumbent will be managing the successful cash collections programme
· Building and strengthening the relationship with Banks & investors. The CFO is expected to provide strategic input on the financial considerations that the Company must address for continued growth and profitability
· Responsible for identification, assessment and management of the Companies’ business risks and reporting on them
· Being the principle liaison with the Board’s Audit Committee
· Ensure that supplier contracts are negotiated to the best interest of the Company
· Look for and implement better credit options for the Company
· Meeting regularly and as required with the Heads of Company, Operations Director and Heads of Department to review material issues and to take reasonable steps to ensure that the Board is provided in a timely manner with all the information required to fulfill the Company’s statutory and other obligations
· Manage CAPEX plans
2. Accountability:
· Responsible for the production of monthly financial data and commentary relating to the business in the format required for Organization Africa Management Accounts.
· Responsible for the accuracy of the functional reporting within organization in line with company codes/profit and cost centers.
· Regularly review regular trends analysis of specific cost and income lines to identify potential problem areas and possible savings and report findings as appropriate.
· Responsible for strategic Investment and Restructuring reporting
· Establish and manage a robust procedure for the regular review of the full year forecast for all profit/cost centers.
· Review monthly performance against budget on all cost centers and ensure that any excesses are challenged/agreed
· Full control of the elimination process and ensure all outstanding are followed and escalation process established.
· Regularly review and sign-off the monthly cost centre statement, which are the direct responsibility of the job holder.
· Ensure accounts reconciled on a monthly basis.
· Ensure compliance with Group Accounting Manual and other governance requirements and also keep appropriate
· Records are kept for audit purposes.
Key Performance Indicators:
· Timely reporting
· Compliance with all statutory requirements
· Receivables, Payables and Inventory management
· Cash management
· Driving efficiency in operations, including reducing Working Capital needs and advising on opportunities for greater revenue generation
· Timely support to other senior management
· Good investor relations
· Robust internal audit controls
Qualifications, Skills and Experience:
· The applicant should preferably hold a CPA or ACCA with at least a Bachelor’s Degree in a relevant discipline preferably augmented with an MBA.
· Member of the institute of Certified Public Accountants of Uganda.
· A minimum of four years of financial management responsibility in a for-profit environment.
· Past experience in successfully managing working capital
· Prior exposure and experience in dealing with cost management and optimization.
· Past experience with initiating and leading improvement programmes, developing and implementing strategic plans and overseeing change
· Prior experience with project management, procurement, overseeing advisors and contractors
· Experience in dealing with multi-tenant stakeholders
· Detailed knowledge and understanding of private equity fund investor issues
· Strong treasury and cash management background
· Strong, positive leadership, able to influence service providers and management teams.
· Prior experience in arranging and negotiating for banking facilities for the whole spectrum of banking products.
· Experience in working with tax authorities and other relevant statutory bodies.
Personal Competencies:
· Ability to lead and motivate staff
· Ability to identify individual and team development needs regularly by monitoring team and individual performance, coaching and recommending training.
· Ability to conduct formal performance and development reviews for direct reports.
· Ability to facilitate the effective use of resources across teams (within wider finance and business community), recognizing where the resource from team may usefully be employed to utilize their skills and experience in another.
· Drive Performance
· Delight Customers
· Delight Customers
· Build Pride and Passion
· Execute at Speed
· Grow Talent and Capability
· Protect and Enhance our Reputation
· Working across culture
· Embracing Change
· Strong stakeholder management and relationship skills
· Strong financial management and profit maximization skills
· Strong operational experience, with a sound experience of managing working capital, ideally in a trading business.
· Excellent people management and communication skills
· Excellent credit control skills – optimizing the balance between payables and receivables
· Excellent presentation skills
· Strong negotiation skills (primarily for banking, insurance and other financial services)
· Working knowledge of financial compliance and governance requirements
· Impeccable integrity and diligence
· Excellent proven analytical, planning and organization skills
· Ability to work in a multi-cultural environment
· Proven ability to work successfully under pressure
· An independent thinker able to challenge other members of the management team, while maintaining amicable, professional relationships.
How to Apply:
All suitably qualified and interested candidates are encouraged to send a comprehensive CV via e-mail to: recruitment@qsourcing.com. Please kindly mark your application as “Application _ Chief Finance Officer” in the subject line of your email.
Deadline: 19th August, 2015