Chief Financial Officer at PwC Ghana

Recruiter
Jobs in Ghana
Location
Accra, GH
Salary
Competitive salary
Posted
24 Nov 2020
Closes
26 Nov 2020
Ref
66aeb8cee00e
Job role
CFO
The Company

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

Strategy Formulation and Implementation

• Work with other members of the executive team to develop, finance and implement the Bank's growth initiatives and objectives including new offerings
• Develop strategic financial initiatives for the Bank that will assist in achieving the board's 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 Bank's investible funds
• Manage Bank's treasury assets to achieve optimal sourcing, application and growth of funds

Qualification Required & Experience

• Minimum of 15 years' experience in the Development Finance or Financial Services sector, with at least 8 years' experience in Executive Management
• A degree in Accounting, Finance, or financial management from a reputable institution
• Relevant professional certifications & membership professional associations in Ghana or abroad is required (e.g. ACCA, CA, CFA, etc.)
• Experience in Financial Services sector within Africa is an advantage
• Evidence of excellent leadership, goal achievement, stakeholder engagement, professionalism, networking, and collaborative skills.

Finance Operations

• 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 Bank's 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 invested organisations.

People Management

• 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

Location: Accra