Our client is a financial services institution with the objective of increasing access to finance for Ghanaian enterprises, particularly small and medium enterprises (SMEs). Our client also provides wholesale financing/lines of credit and partial credit guarantees to eligible financial institutions.
Roles & Responsibilities
Reporting to the CEO, the Chief Finance Officer role would develop, implement and control the Banks financial strategies. The CFO is to achieve cost-effective utilisation of the Banks financial resources and maximise the Banks return on investment. The role is also to provide overall supervisory and day to day running of the finance department and provide a lead role in capital raise and lending strategy development and roll-out.
Strategy Formulation and Implementation
Work with other members of the executive team to develop, finance and implement the Banks growth initiatives and objectives including new offerings
Develop strategic financial initiatives for the Bank that will assist in achieving the boards objectives
Work with leadership to develop strategies for effective mobilisation and utilisation of financial resources for optimal return on investment
Ensure the delivery of effective financial decision-making support to the business and its management and oversees the development and execution of an effective financial strategy to achieve optimal returns on investment
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
Finance Planning and Budget Preparation
Initiate and co-ordinate the formulation of business plans and annual budgets, and 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 Bank
Develop and utilise 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
Ensure appropriate investment policies for the optimal investment of the Banks investible funds
Manage Banks treasury assets to achieve optimal sourcing, application and growth of funds
Extensive post-graduation experience in the Development Finance or Financial Services sector, with at least 8 years experience in an Executive Management role
A degree in Accounting, Finance, financial management or related discipline from a reputable institution
Relevant professional certifications & membership professional associations in Ghana or abroad is required e.g. ACCA, CA, CFA, etc.)
Experience in Development Finance or Banking sector within Africa is an advantage
Evidence of strong industry/sector participation
Evidence of excellent leadership, goal achievement, stakeholder engagement, professionalism, networking, and collaborative skills.
Develop and implement a sound accounting framework in compliance with statutory provisions
Develop and implement a robust and reliable financial reporting system in compliance with statutory requirements
Ensure proper maintenance of the financial records/Books of Accounts of the Bank
Ensure that the annual financial statements and statutory reports are prepared timely, accurately and in accordance with standards and regulations
Ensure Banks statutory obligations are fulfilled in an efficient and effective manner
Provide management information of a financial nature and its interpretation for effective decision making to maximise returns on business
Monitor and control revenue and expenses (opex and capex) to ensure operational and financial efficiency
Approve payrolls along with the Human Resources Department to facilitate payment to staff
Drive a cost-saving culture across all areas of the Bank
Stakeholder and External Relations
Maintain effective engagement with shareholders of the Bank
Liaise with external and internal auditors; and ensure the annual and/or periodic audits are seamlessly carried out
Develop and manage key relationships with relevant external bodies/contacts e.g. regulatory organisations, auditors, solicitors, banks etc. to facilitate effective bank operations
Liaise with investors to ensure value is maximized
Work with the Investment Teams to identify opportunities and manage the investment cycle with investee organisations.
Oversee the activities of all units within the Finance Team, including Corporate Finance, Financial Reporting, Treasury Management and Investor Relations
Develop capability of subordinates towards the achievement of their own performance targets
To apply for this job please visit invite.pwc.co.za.