Chief Financial Officer (Executive Management) – Lilongwe, Malawi

Chief Financial Officer (Executive Management) – Lilongwe, Malawi Introduction Directs, administers, and coordinates the activities of the finance department and financial operations in support of organizational goals, mission and objectives established by the Chief Executive Officer, Regional executives and the Board of Directors. Responsibilities To lead Management in preparation and management of budgets (income and expenditure and cash flow) and financial projections • Ensure budget control policies, systems and procedures are properly implemented and adhered to • Provide (partner) Management Team with a standard format or tool for preparing and controlling annual budget that includes clear and appropriate lines of authority for budget lines to enable better decision-making • Set and monitor capital and fixed assets budgets including office equipment, buildings and expansion project • Set and monitor income forecasts for business including client volumes, pricing, etc. • Set and monitor other departmental budgets including payroll, stationery and printing, telecommunications and transport • Prepare annual budget projections based on input from Management • Oversee payroll processing function to ensure pay and benefits are accurately calculated and proper deductions are made. Ensure timely and accurate financial and management reports that assist in monitoring actual financial position of the business compared with projections prepared • Prepare timely, accurate and reliable consolidated financial and management reports including balance sheet, profit and loss and cash flow statements on an annual, quarterly and monthly basis showing the financial condition of the business. • Provide timely and accurate monthly variance analysis reports of actual expenditure against budget by Head Office function, branches and satellite centers. • Review expenditures to ensure compliance with budgets and notify appropriate executive(s) in the event expenditures exceed budgets. Work with managers to understand source of excessive costs and to develop cost-cutting measures that will least impact the bank. • Coordinate and ensure the availability of financial reports, statements and documentation to both internal and external auditors. • Prepare and present to (partner) Board and Management reports on the business financial position. • Highlight critical areas of the financial reports and statement documentations for Management’s review and action. Ensure wise and prudent management of business funds • Develop appropriate systems to manage and administer business funds. • Manage business’s investment portfolio and risk-taking activities including interest rate and liquidity exposure, inter-bank exchange exposure and government securities trading. • Consult with Management in recommending general risk parameters, overall trading position limits and hedging/trading strategies. • Plan and provide for business’s short-term working capital and medium and long-term funding requirements. • Review and recommend investment of deposits and idle funds (stocks and high yielding investments)-If applicable. • Keep abreast of the market deposit rates and negotiate best rates with business’s depository banks. • Receive and hold in authorized accounts all funds due to the business from authorized sources. • Keep complete and accurate accounts of receipts and disbursements. • Monitor cash movement by ensuring timely and accurate bank reconciliation and other reconciliation against cash position report. • Manage the reserve position of the business as well as other regulatory requirements related to funding operations. • Approve invoices and checks prior to signature to ensure security of Bank funds. Money Market and Foreign Exchange Dealing: (if applicable-depending on partner’s level of operations) • Manage the money market and foreign exchange functions in a manner that ensures a positive return on investments and achieves targets. Supervisory Responsibilities • Manages related subordinate supervisors and exert effective team building • Is responsible for the overall direction, coordination, and evaluation of financial Operations • Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems. Requirements • A Bachelor Degree in Business related subjects from a reputable university • Certified Public Accountant • Minimum of 7+ years progressively responsible finance and/or accounting experience, preferably in a financial, banking and/or microfinance institution • Advanced knowledge of general accounting, payroll, budgeting, and related accounting and record keeping systems in a financial institution. • Advanced knowledge of related statutory banking compliance regulations, and Bank accounting policies and procedures. • Intermediate skills related to the consolidation and reporting of Bank financial results, and formulation and implementation of Bank accounting procedures. • Exceptional organization skills with the ability to provide leadership, supervision and training for a team of employees using positive supervisory techniques to ensure maximum productivity • Demonstrated ability in time management, organization and delegation skills. • Intermediate skills in computer terminal and personal computer operation; mainframe computer system; and word processing and spread sheet software programs. • Intermediate typing skills to meet production needs of the position. • Intermediate math skills; calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs. • Ability to set and monitor achievement of sustainability, efficiency, profitability, portfolio quality, and outreach activities. • Advanced experience, and knowledge and training in setting and monitoring profitability and efficiency budgets based on profit and cost centre organization framework • Strong Christian background and values and sensitivity to gender equality. To perform the job successfully, an individual should demonstrate the following competencies: • Analytical - Synthesizes complex or diverse financial information; Uses intuition and experience to complement data; Designs work flows and procedures. • Change Management - Communicates changes effectively; Builds commitment and overcomes resistance. • Leadership - Inspires and motivates others to perform well; effectively influences actions and opinions of others. • Managing People - Develops subordinates' skills and encourages growth; Fosters quality focus in others; Improves processes, products and services. • Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition. • Cost Consciousness - Develops and implements cost saving measures; Contributes to profits and revenue; Conserves organizational resources. • Values- Be able to impute and carry on organizational mission, vision and culture in the execution of you responsibilities. Send your CV to Danelle at CA Global (danelle@caglobalint.com), or visit our website (www.banking-recruitment-jobs.com) for further information. Note: Only shortlisted candidates will be contacted