Chief Finance Officer (CFO)

VisionFund Rwanda seeks to hire a highly qualified, dedicated and experienced national for the position of Chief Finance Officer (CFO). The successful candidate will be based in Kigali and reporting to the Chief Executive Officer

PURPOSE OF POSITION:

Lead the MFI Finance department, building an organization that honors Christian values by positively impacting the lives of many families and children through the delivery of appropriate financial services and training with a particular focus on the rural areas of Rwanda.
Manages the Institution’s treasury to ensure profitable operations and compliance with existing regulations.
Creates a self-sustaining business with strong foundations (people, processes, systems) that is capable of growing while managing risks.
Work closely with WV to obtain funding from the partnership and donors to grow the operations.
MAJOR RESPONSIBILITIES.

Member of Leadership Team:

Advisor to the CEO and Senior Management Team on all matters relating to finance including treasury, accounting, and administration.
Submit timely financial returns to the Board, senior management, regulators and other stakeholders.
Prepare business and financial reports for the Board of Directors.
Leads the development of an overall Business Plan for VisionFund Rwanda that includes, among other things, the Branch Targets and Projections:

Continuous monitoring of the financial performance of the organization with an emphasis on analyzing the latter’s performance as against its operational and business plans.
Provides support to the Head Office and Branches in preparation for the finance business plan and preparation and monitoring of the annual operating plans and budgets.
Ensures that branch plans are incorporated into an overall business plan and finance projections model.
Establishes and maintains all Policies relating to Financial Management, Financial Controls, and Risk:

Establishes, reviews, and updates financial policies and procedures that are relevant and cost-effective to the organization.
Maintains the finance management manuals, including treasury, accounting, and administration manuals. and ensures that all changes related to policies and procedures would be incorporated in the manual.
Acts as a member of the procurement committee or its equivalent and furnishes the committee with the necessary information for them to make ‘sound’ viable decisions.
Performs functions specified by the Board, procurement committee and Asset Management in relation to establishing broad guidelines for the institution’s tolerance for risk and expectations from investment.
Introduces measures to enhance the credibility and objectivity of financial statements and reports prepared with reference to the affairs of VisionFund Rwanda.
Manages Liquidity and the appropriate Levels of Assets and Liabilities:

Measures and controls the institution’s funding requirements.
Manage access to funds: Makes periodic assessment of liabilities and liability holders, explore borrowing arrangements.
Ensures that there is adequate control of cash and other assets (budgetary management and control) according to laid down policies and the Central Bank regulations.
Develops contingency plans for VisionFund Rwanda to withstand liquidity crises, and updates the contingency plans, as the need arises.
Recommends policies or changes on policies on liquidity and funds management, and ensures timeliness, applicability, and practicality of these policies.
Supervises the Accounting System and Process:

Provides technical oversight to the branch accountants in formulating and implementing the branch accounting system.
Ensures that VisionFund Rwanda maintains adequate and accurate records including balance sheet and periodic statements of income and expense.
General oversight to ensure payroll is accurate, prompt, complete and reliable.
Provides the finance department staff with the necessary training and other support to enable them to fulfill their duties accordingly.
Supervises, monitors, and evaluates the work of the finance staff and provides input to the annual staff appraisal exercise.
Ensures Compliance to Regulators, Audits, and VFI:

Ensures absolute compliance to regulations on liquidity, capital, adequacy, and provisioning as well as to reporting requirements set by the Central Bank and other regulators.
Attends to inquiries, on-site or off-site, from the Central Bank, other regulators, and external auditors, and provides due assistance to the regulators and external auditors during an inspection.
Supervises the effective Financial Provision of Administrative Services:

Liaises with tax authorities/consultants whenever necessary.
Maintains insurance portfolio and ensures that all claims are settled without undue losses to the organization.

KNOWLEDGE, SKILLS & ABILITIES:

Minimum a Bachelor’s degree in Finance or Accounting.
ACCA or CIMA a must.
MBA is Required.
Must have at least ten years of working experience in senior management in a combination of the following: micro-enterprise lending organization, banking institution, a progressive corporate environment, international business,
agricultural economics/development, or economic and business development institutions.
Must have a clear understanding of the microfinance industry and technology.
Must have working experience in the regulatory environment and better with an institution that intermediate savings.
Determined personality with initiative, perseverance and the ability to motivate and manage a team.
Capability and willingness to lead the organization forward.
Ready to comply and live up to and in accordance with the organization’s Ideals and Core Values.
Be a good trainer, facilitator, mentor, and coach.
Very good communication and marketing skills.
Very good knowledge of economic and financial topics.
Strong analytical and problem-solving skills.
Must be a committed Christian, able to stand above denominational diversities.
Attend and lead daily devotions.
Working Environment/Travel:

Office environment: typical office-based and frequent travel to fields (40% traveling and 60% office-based).
10% of international travel is desired.
On-call: Yes, in the after normal working hours.
Must get a Work Permit if not a local staff from within the Country.

If this is your first time applying online via the World Vision International careers website, you will need to register an account along with your application details. This site will provide you with additional functionality, such as saved searches and email alerts. Registration requires minimal information to create your account. Further details will be collected during the application process

All applicants must apply using our online application system, CVs received via email or standard post will NOT be considered.

The closing date for submission of applications is 5^th March 2020; no late applications will be accepted

As a child-focused organization, World Vision is committed to the protection of children and does not employ staff whose background is not suitable for working with children. All employment is conditional upon successful completion of all applicable background checks, including criminal record checks.

Submit your CV and Application on Company Website : Click Here