Chief Financial Officer job at Credify Africa, Inc
Organization:
Credify Africa, Inc
About the Organization:
Credify is a credit only micro-finance institution regulated by Uganda Microfinance Regulatory Authority (UMRA). Founded in 2019 with a vision to be the preferred provider of credit to the burgeoning SME and trade finance space in Africa. Credify "Credit Simplified" operates with a mission to simplify credit by providing client centric services, reducing the paperwork and most importantly providing the quickest loan turnaround
Job Description
We are looking for an experienced leader at the level of Head of Finance who will lead Credify’s growth by establishing processes and systems that produce timely and accurate financial information that he or she will leverage to perform financial analyses that influence decision-making and ultimately drive measurable value. The Head of Finance will be a member of the Senior Management Team and will report to the CEO. The role combines operations (managing accounting and financial control functions) and strategy (working with the Senior Management Team to establish a financial strategy for the profitable, long-term growth of the business including financing plans). The role is reserved for someone who has 7+ years of experience in accounting, credit management and finance, including leadership and management experience in a financial institution.
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Duties and Responsibilities
Strategy and Planning
Lead fundraising activities and manage existing shareholder and debt provider reporting requirements, including the management of financial covenant monitoring and reporting
Identify and execute financial analyses to identify opportunities to optimize business performance, to create value, and to help shape the strategic direction of the company
Develop financial models to evaluate specific business initiatives
Work with various Credify teams to refine financial models and understand the drivers of key assumptions
Establish procedures for budget and forecast preparation, and prepare the annual budget in consultation with the CEO.
Advise the company on the optimal capital structure, balancing equity and debt and support the company in accessing the capital needed to grow
Accounting, Reporting, and Operations
Develop and maintain timely and accurate financial statements and reports in accordance with generally accepted accounting principles (GAAP) and implement monthly variance reporting against budget
Develop and maintain systems for cash management, accounts payable, accounts receivable, credit control, petty cash and treasury.
Fully own the continuous development and maintenance of the loan management software
Oversee all payroll functions to ensure timely and accurate processing
Ensure that all statutory requirements of the organisation are met including income tax reporting and withholding payments
Manage financial reporting to the Board of Directors
Prepare all supporting information for the annual audit and liaise with the external auditors
Lead the financial due diligence process with prospective investors
Risk Management
Ensure that sound risk management models and measurement methodologies of risk reporting and controls are in place for the quantification and evaluation of risks
Own the development of an Enterprise Risk Management framework and the Risk Appetite Statement
Continuously monitor risk-taking activities and aggregate risk exposures to ensure they are in line with the organization’s financial position and plans
Qualifications and Experience
Financial Expertise: The ideal candidate will have a strong background in finance, with a proven track record of success in debt fundraising and has a network of debt providers.
Strategic Vision: We are looking for a strategic thinker who can see the big picture and translate our company's vision into actionable financial plans and initiatives.
Leadership Skills: As a key member of our executive team, there will be responsibility for providing leadership and guidance to our finance department and across the organization. They should be able to impart a growth mindset on teams that they lead.
Entrepreneurial Mindset: Our ideal candidate will be a self-starter with an entrepreneurial mindset and a willingness to roll up their sleeves and get things done. They will thrive in a fast-paced, dynamic startup environment, where creativity, adaptability, and innovation are valued. This environment comes with high levels of uncertainty and one should be able to persevere through this.
Passion for Impact: Above all, we are looking for someone who is passionate about our mission of transforming African trade and empowering businesses to succeed. The ideal candidate will be driven by a desire to make a difference and leave a lasting impact on the countries we serve.
Additional Qualifications:
Bachelor's degree in finance, accounting, or a related field; MBA or advanced degree preferred.
7+ years of experience of progressive responsibility in accounting and finance, with at least 2 years of management experience.
Experience in closing Series A+ funding rounds and institutional debt management
Strong understanding of trade finance and supply chain management.
Experience with the consolidation of multiple foreign entities, with multi-currency accounting and complex intercompany transactions. Familiarity with transfer pricing is an asset.
Familiarity with foreign exchange risks and mitigants (for example hedging products)
Experience working in emerging markets and/or with startups is a plus
Excellent communication, presentation, and interpersonal skills.
How to Apply
This isn't just another finance job – it's an opportunity to be part of something truly groundbreaking. At Credify Africa, we're not just building a company; we're building a movement that has the power to reshape the future of African trade and commerce.
There is significant growth potential in this role, depending on the profile and performance of the candidate, this role may expand into a Chief Financial Officer (CFO) position with potential for Co-Founder status.
We are open to the role being based remotely with plenty of in-person time in our offices in either Kampala or China.
Submit your CV and Cover letter to daniel@credify.africa .
Deadline for Application
May 16, 2024
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