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Emerging Talent is proud to be partnering with a leading software solutions provider headquartered in Nairobi to recruit a CFO to drive the growth of the group during a new and key phase of the geographic expansion of its products and services across Africa.
The ideal candidate will have experience with the commercialization of software and software development as well as experience with the implementation of financial controls and documentation of these processes.
General Responsibilities:
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To ensure the annual financial budgets and forecasts are prepared and to review Company performance against budget on a monthly basis, highlighting and analyzing variances and actions required for the CEO.
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To oversee, review and develop administration systems and processes to ensure they effectively and efficiently support business objectives and that a cost-effective, timely and accurate service is supplied to the business.
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To ensure cash management processes are tightly managed throughout and that cash flow targets are set and achieved.
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Oversee the timely and accurate production of key monthly internal and external financial reporting and data i.e., forecasts and analysis of monthly trading results.
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Responsibility for the Finance and Accounting functions in compliance with Company procedures, policies and local country legislation.
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Oversee and manage risk and insurance, ensure that business risks are identified and addressed
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To ensure the finance function is appropriately structured and appropriately resourced to deliver the required level of effective, efficient and timeous service.
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To take an active role in the development of the finance organisation instigating corrective action where necessary.
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To oversee capital and intellectual property investment appraisals; utilizing commercial acumen to evaluate investment proposals and potential acquisitions advising senior management on action to take.
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To ensure that any projects with major financial funding implications are subject to an appropriate level of financial expertise, commercial acumen and business risk analysis.
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Prepare and timeously present financial reporting in line with guidelines, commercial and tax laws.
Specific Responsibilities:
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Review the structure of financial controls on their adequacy for the current organisation and provide and implement recommendations for improvement. In particular to ensure that the agreed internal documentation authorising the spend on expensed and capitalised R&D is actively used and monitored internally on a month to month basis and reporting on IP spend to the board is done quarterly in consultation with the technical and audit committee.
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Review the capabilities and capacity of the finance department and provide and implement recommendations for improvement by evaluating, training or coaching the individuals and the team as a whole.
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Review management reporting and reporting to the board to ensure that the reports meet the requirements and provide the necessary insights regarding financial performance, risks and control environment. This, in particular, to ensure that segmental reporting of sales by geography as well as SAAS user numbers is implemented.
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Implement the internal audit function (probably external but can be internal if this is the best option as agreed by the board).
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Obtain and review legal and tax structuring advice on the implementation of the most financially and tax-efficient new group structure. This review may include assistance with and advice on the selling of one or more of the business lines.
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Ensure that the auditors can complete the audits of the financial statements for the past two years and assist in resolving any outstanding issues raised by the auditor.
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Look into how many company suppliers are currently being paid indirectly by company customers and advise on any potential tax implications as well as advise the board on the most tax-efficient mechanism to structure such payments going forward.
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Assist with updating materials for any new investors within the business and liaise with the transaction advisor.
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Assist and lead other current projects from the finance perspective.
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Attend management and board meetings as the finance team leader.
Requirements:
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Chartered Accountant qualification a must, BSc/BA in Accounting, Finance or relevant field; MSc/MBA is a plus
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Proven experience as a CFO, Finance Director or relevant role. Experience working in the software development space a strong advantage.
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Working knowledge of Kenyan corporate, financial and tax law and risk management practices
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Excellent knowledge of data analysis and forecasting methods
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Proficient in the use of MS Office
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Ability to strategize and solve problems
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Strong leadership and organizational skills
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Excellent communication and people skills
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The candidate must be a Kenyan national or Kenyan permanent resident
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