Head, Finance at MacTay Consulting

Reports To: CEO

About this Role

• As the Head, Finance, you have overall responsibilities for developing and implementing financial strategies, financial controls, raising funds, preparation of accurate and timely financial statements and as well as overseeing the day-to-day accounting and audit operations.
• This candidate is expected to manage an existing team, hire new resources as required and establish new controls where appropriate, and identify areas for process improvements across the Company’s countries of operations.
• Our ideal candidate has a solid growth finance and accounting background and work experience managing teams. Our Head of Finance will report directly to the CEO.
• To be successful in this role, you should be highly professional. You should also play a significant role in shaping the company’s strategic direction.

Why is this Opportunity Exciting?

• The Company is bridging the trade gap between Global businesses trading with Africa by providing alternative financing and freight management services/products to accelerate trade on the continent.
• Africa is the next frontier for trade, development and growth with a fast-growing middle class and the largest trading bloc in the world. A role at the Company will open new growth opportunities for you and give you a chance to make an impact on a global scale.
• The Company is building bridges for global businesses trading with Africa.

Responsibilities
Strategic Planning and Execution:

• Support executive management in developing and producing strategic and business plans
• Co-ordinate and direct the management and delivery of organization-wide strategic projects and initiatives
• Develop, foster and maintain effective relationships with all relevant external stakeholders and organizations
• Work with other members of the executive team to develop, finance and implement growth initiatives and objectives including new products and businesses
• Develop strategic financial initiatives for the company in the manner that will assist in achieving the company’s objectives
• Identify opportunities geared towards maximizing the Company’searnings
• Provide strategic financial management and leadership support across the business, in line with the overall corporate strategy
• Develop, update and implement finance and tax strategies, policies and processes

Stakeholder Management:

• Partner with departmental heads to identify business development and growth opportunities and seek out partnership with external vendors and organizations
• Provide advice and strategies to the CEO and Board, with reference to organizational performance vis-à-vis organizational finances, statutory and other compliance obligations and risk factors that may impact on the company’s performance.
• Present periodic accounts to the leadership, investors and required stakeholders.
• Develop external beneficial relationships with appropriate contacts like auditors, bankers and statutory organizations.
• Maintain effective engagement with shareholders of the Company
• Liaise with external and internal auditors; and ensure the annual and/or periodic audits are seamlessly carried out
• Negotiate favorable terms with the company’s bankers in cases of overdrafts, loans, etc.
• Liaise with current and future investors to ensure value is maximized

Capital Raising:

• Lead capital sourcing/fundraising activities including but not limited to equity and debt activities
• Support and when required drive revenue-generation activities
• Support CEO and leadership in fundraising activities

Financial Planning and Budget Preparation:

• Aid in structuring the Company’s finances and operations for tax efficiency
• Ensure the proper management, reporting and reforecasting of controlled budgets, and participate in budgeting and financial management at departmental level as required
• Provide direct responsibility for compliance costs, such as external audit, property leases and minimizing irrecoverable VAT
• Initiate and co-ordinate the formulation of the financial plan and annual budgets. Monitors progress towards their achievement
• Engage Executive Management and the appropriate Board Committees to develop short, medium, and long-term financial plans and projections for the Company.
• Develop and utilize financial models and activity-based financial analysis to provide a basis for investment decisions and business planning
• Provide advice on liquidity, investment and financial asset management
• Develop appropriate investment policies for the optimal investment of the company’s investible funds
• Manage the Company’s treasury assets to achieve optimal sourcing, application and growth of funds
• Identify and analyze exposure, establish risk tolerance thresholds, and oversee the development of contingency plans or strategies to mitigate risk and the probability or severity of loss of investments
• Ensure that the organization complies with all legislation covering taxation and withholding payments.

Finance Operations:

• Develop and implement a sound accounting framework in compliance with statutory provisions
• Establish and maintain financial policies, controls and procedures for the company.
• Develop and implement a robust and reliable financial reporting system in compliance with statutory requirements
• Ensure sensitive and confidential documents and information are preserved accordingly.
• Manage company-wide targets including growth in monthly deliveries, successful completion and customer experience
• Enforcement of policies and procedures (using Technology & Operations) regarding shipment delivery completion, trade and freight finance, timelines, etc.
• Review of agreements/contracts with partners and customers aimed at minimization of financial and legal risk.
• Treasury and working capital management to support business operations.
• Ensures proper maintenance of the financial records/Books of Accounts of the Company.
• Ensures that the annual financial statements and statutory reports are prepared in a timely manner, accurately and in accordance with standards and regulations.
• Ensure the Company’sstatutory obligations are fulfilled in an efficient and effective manner
• Provide and interpret financial management information for effective decision making and to maximize returns on business.
• Coordinate the development and implementation of finance and accounting policies, processes and procedures in line with leading practices
• Monitor and control revenue and expenses (opex and capex) to ensure operational and financial efficiency.
• Approve payroll along with the Human Resources Department
• Drive a cost-saving culture across all areas of the business
• Monitor and review accounting and related system reports for accuracy and completeness.
• Maintain oversight of the custody management of receipts, invoices, vouchers and all records of account.
• Eliminate loopholes in company financial operations and identify measurable strategies for improving service offerings.
• Preparing and submitting all necessary financial models, accounting reports, plans including management, financial, treasury/ accounting statements etc. In line with best practices.
• Supervise the analysis of financial information to prepare entries to accounts, such as general ledger accounts and document business transactions.
• Supervising and reporting all third-party financial activities such as auditing, taxations, pensions and other statutory fees.
• Provide reports to top management regarding the company's performance in line with the strategic plan.

Leadership and People Management:

• Manage and oversee the department’s performance through direction, supervision, and performance appraisals; Provides constructive feedback to employees to assist with development.
• Provides strong direction and leadership, ensuring clear strategic objectives are in place to guide the work of the department
• Supports the implementation and facilitation of relevant workshops and training courses.
• Develop capability of subordinates towards the achievement of departmental performance targets.
• Promotes a strong team culture
• Oversee and drive the development of the Company’s financial strategy, work plans and Programmes, to ensure alignment with the business’ strategy, goals and objectives.

Qualifications
Education & Job Requirements:

• BA / B.Sc / Master's Degree in Finance / Accounting and CPA/ACCA/CIMA certification required
• Strong understanding of ERP systems and experience with Financial Management Accounting Packages
• 10+ years of progressive experience with audit or accounting, including 5+ years of corporate finance experience and 4+ years of management experience.
• Experience in the financial services industry is preferred

Competencies:

• Excellent understanding of revenue, cost of service recognition and settlement accounting
• Hands-on approach to problem-solving
• In-depth knowledge of GAAP and IFRS
• An organized self-manager, with the ability to lead a remote team
• Excellent presentation & communication skills
• Excellent analytical and numerical skills
• Proficient with MS office
• Good knowledge of Accounting Information Systems
• Corporate Finance
• Financial Analysis and Modelling
• Statutory Reporting
• Tax planning and management
• Business Planning and Analysis
• Investment planning and portfolio management
• Financial reporting
• Budgeting, financial forecasting and cost control.