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  • New Job Offer at FINCA International

  • Posted on: 13 August, 2015 Deadline: Not Specified
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    The Foundation for International Community Assistance (FINCA International) is a non-profit, microfinance organization, founded by John Hatch in 1984. Sometimes referred to as the "World Bank for the Poor" and a "poverty vaccine for the planet", FINCA is the innovator of the village banking methodology in microcredit and is widely regarded as one of the pioneers of modern day microfinance. With its headquarters in Washington, D.C., FINCA has 21 affiliated host-country institutions (affiliates), in Latin America, the Caribbean, Africa, Eastern Europe, the Caucasus and Central Asia. Along with Grameen Bank and Accion International, FINCA is considered to be one of the most influential microfinance organizations in the world.

    Chief Financial Officer (CFO)


    Job Description

    The Chief Financial Officer (CFO) is directly responsible for managing all finance and accounting activities of FINCA Nigeria, and supervises all its finance staff. S/he will ensure that the finance activities of FINCA Nigeria will support FINCA Nigeria in pursuing its mission with a minimum of risk and a maximum of efficiency. As a member of the Management Team/Board, s/he shares responsibility for the overall performance and activities of FINCA Nigeria, and participates in making decisions on material issues.

    ESSENTIAL DUTIES include the following. Other duties may be assigned.

    • Manage generation of financial statements according to local accounting standards
    • Manage timely reporting to relevant local authorities (central bank, tax office, etc.)
    • Manage timely reporting to F/I and hub
    • Analyze financial data and develop financial analysis as a key management tool with the aim of optimizing FINCA Nigeria’s activities: identify risks, inefficiencies, negative tendencies, and propose measures that reduce risks, improving efficiency, and reverse negative tendencies
    • Create/modify procedures such that they are low-risk and efficient
    • Ensure compliance of FINCA Nigeria with financial covenants in agreements with creditors and donors
    • Create cash flow forecasts
    • Ensure availability of sufficient resources for lending in the required currency
    • Manage all financial transactions with creditors, banks, donors
    • Manage the planning and budgeting process of FINCA Nigeria
    • Act as the coordinator and main contact person with external auditors
    • Keep all Management Team/Board members informed about relevant issues/developments in FINCA Nigeria's finance activities and department
    • Participate/vote in decision-making (with Management Team/Board Members) on relevant “Finance” and “Non-Finance” issues
    • Manages relationships with all Lenders, both local and external, in concert with the CMG Team in HQ.
    • Manage the ALCO Process as the principal representative of the local subsidiary.

    Job Requirements


    • Supervise all finance staff of FINCA Nigeria. For finance staff located in branches, the CFO retains the “professional responsibility”, whereas the “administrative responsibility” is transferred to the branch manager
    • Responsible for hiring/evaluating all finance staff (for branch employees: professional responsibility only; administrative responsibility is with branch manager), and their dismissal, if necessary
    • Assess the training requirements for the Finance Department as a whole and for its individual employees, and develop a capacity building plan for the Department and its individual employees
    • Preparation of staff to assume management positions
    • Conduct performance evaluations of the staff reporting to him/her and verify that the supervisory personnel also perform evaluations of their staff in a timely manner according to established procedures


    Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures.

    Managing People - Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates' activities; Makes self-available to staff; Provides regular performance feedback; Develops subordinates' skills and encourages growth; Solicits and applies customer feedback (internal and external); Fosters quality focus in others; Improves processes, products and services.; Continually works to improve supervisory skills.

    Cost Consciousness - Works within approved budget; Develops and implements cost saving measures; Contributes to profits and revenue; Conserves organizational resources.

    Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.

    Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.

    Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.

    Desired Skills and Experience

    • Extensive experience in best-practice financial management of a company, desirably a financial institution.
    • Outstanding interpersonal, communication and training skills.
    • Strong business management and negotiating skills.
    • Excellent technical report writing skills and computer literacy.
    • Strong analytical and organizational skills.
    • Good understanding of IT issues and the role and possibilities of IT in financial management.

    Education & Experience

    • Master’s Degree in Business, Finance, Economics, Management or Marketing (or equivalent work experience)
    • CPA, or Chartered Accountancy qualification (desirable)
    • Banking experience, or experience working in a regulated financial instution (required)
    • Experience working in Nigeria (required)

    Language Skills

    Fluency in English


    Create/develop appropriate reports: financial ratios; liquidity report; currency gap report; various credit reports; breakdown by branches/regions; breakdown by products; plan-fact comparison; historic development; other as required/appropriate

    Ensure compliance of FINCA Nigeria's finance activities with the Charter/bylaws of the subsidiary; FINCA and subsidiary policies, procedures, plans and agreements; decisions of subsidiary governing bodies as well as headquarter and regional office supervisor(s); maintain good coordination with regional office, headquarters, and governing bodies

    Present relevant “Finance” issues to the Management Team/Board for information, discussion, decision making


    • Subsidiary Chief Executive Officer
    • Subsidiary Chief Operations Officer
    • Global Chief Financial Officer
    • Subsidiary finance team


    • Availability and willingness to travel up to 25% of the time


    • Ability to travel in economy class when traveling by air or rail.

    Method of Application

    Interested and suitably qualified candidates should click here to apply online.

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