Latest Job Adverts
Chief Financial Officer |
Agora Microfinance Zambia |
Advert
Posted 2019-06-06 08:19:01
Location: Lusaka
Reports to: Chief Executive Officer
Minimum Qualification: Full ACCA, 5 years’ working
experience preferably in Banking/ Microfinance environment
The Company
Agora Microfinance Zambia Limited (AMZ) is a licensed
microfinance lending company that currently operates in the Western,
Copperbelt, Muchinga and Central provinces of the country. The mission of AMZ
is to ‘Contribute to the economic well-being of the poor through effective
provision of appropriate financial services.’
Job Overview
The Chief Financial Officer (CFO) is responsible to the
Chief Executive Officer (CEO) for all financial matters and for the
establishment of company-wide financial and administrative objectives,
policies, programs, and practices that insure AMZ of a continuously sound
financial structure. S/He controls the flow of cash through the organization
and maintains the integrity of funds, securities and other valuable documents.
Duties and
Responsibilities
·
Head and supervise the Finance department of
AMZ.
·
Supervise the production of the annual budget
for AMZ; review, refine and implement the system for the strict control of and
adherence to the budget, and report on the outcome of the budget to the Board
through the CEO.
·
Develop and implement a financial plan,
including cash-flow projections, which will enable AMZ, while complying with
all regulatory requirements (liquidity, etc) to maximize its balance sheet
exposure, minimize exposure to risk and promote earnings potential to achieve
its objectives and mission. The performance of the CFO will be based on results
to be measured against established targets and set deadlines incorporated
within the approved financial plan.
·
Lead the preparation of the financial statements
of AMZ, including annual and quarterly financial reports.
·
Assess and implement improvements in AMZ’s
accounting and management information system
·
Review and implement improvements in the
budgeting and planning process.
·
Advise the CEO and the Deputy CEO on costing
systems and develop/establish appropriate systems for apportioning overhead
costs to the various profit/cost centers according to services rendered.
·
Examine the corporate expenditure structure and
suggest areas where cost reduction can be made without affecting operations
adversely.
·
Approve all agreements concerning financial
obligations, such as contracts for products or services and other actions
requiring a commitment of financial resources.
·
Responsible for the financial aspects of real
estate transactions and executes bids, contracts and leases.
·
Provides insurance coverage as required.
·
Suggest measures to improve earning capacity
through both traditional sources and new avenues.
·
Review AMZ treasury function and
redesign/implement it as necessary to ensure consistently adequate liquidity in
day-to-day operations as well as maintaining daily balances.
·
Ensure that all legally mandated reports,
including the annual financial statements, are produced on time and are of an
acceptable standard.
Develop and implement a management development plan to
ensure that the financial functions within the Department have trained and
experienced personnel
Supervise the preparation of budget and accounting manuals.
ORGANIZATIONAL
RELATIONSHIPS:
Internal Contacts:
·
Directly accountable to the CEO and the board of
directors through the CEO for the performance of all responsibilities related
to financial management and administration. Provides reports on company finances
as requested by the CEO and the board of directors.
·
Departmental Managers for consultation and
necessary advice on financial control and accounting systems and also on
budgets, forecasts, budget monitoring and other related accounting matters and
to ensure compliance with internal financial controls.
·
Finance Department staff for supervision and
direction.
·
External Contacts:
·
Commercial and other bankers for operation of
AMZ’s credit facilities and bank accounts.
·
External Auditors for co-ordination of statutory
audits and any other audit or special audits as may be required including
finalization of year-end audit.
·
Suppliers/Creditors/Debtors for payments and
disbursements.
·
Existing and potential lenders to bridge funding
gaps
·
Professional firms, Institute of Accountants of
the country and CFOs and Senior Accountants in other companies in order to keep
abreast of developments in the profession.
·
Micro-finance institutions, other financial
institutions and commercial banks to keep abreast of developments in the
finance sector.
·
Central bank for co-ordination on regulations
for the microfinance industry.
·
National Association of Micro-finance
Institutions (AMIZ) for co-ordination and consultations on developments in the
MFI sector.
All applications should be sent through e-mail to: recruitment@agoramicrofinance.co.zm.
The deadline for receiving applications is Friday 28th June, 2019.
AMZ is an equal opportunities employer