Job title : Chief Finance Officer, VisionFund Kenya
Job Location : Nairobi Deadline : April 30, 2025 Quick Recommended Links
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Overview
VisionFund Kenya is a dynamic financial services company and a key investment of World Vision Kenya, committed to fostering sustainable financial inclusion. Learn more at www.visionfundkenya.co.ke.
The Chief Finance Officer (CFO) reports directly to the Chief Executive Officer (CEO) and is an integral member of the Senior Leadership Team. The CFO works collaboratively across functions including ICT, Operations, Risk and Compliance, Legal, P&C, and Internal Audit, ensuring efficient Financial resource stewardship and strategic alignment across the company.
The CFO also works closely with the Africa1 Regional Finance Director -VisionFund International for financial reporting.
Key Responsibilities
Strategic Financial Leadership
Act as a key advisor to the Executive Director and Senior Management on financial strategy, treasury, accounting, and administration.Provide financial insights and reports to the Board of Directors (BoD), senior management, regulators, and other stakeholders in a timely manner.Develop business and financial reports for the Board of Directors to support strategic decision-making.Continuously monitor the organization's financial performance, comparing actual results with operational and business plans.Financial Planning & Budgeting
Support Head Office and Branches in the preparation of business plans, annual operating plans, and budgets.Ensure that branch plans are effectively incorporated into an overall business plan and projections model.Financial Policies & Risk Management
Establish, review, and update financial policies and procedures to ensure relevance and cost-effectiveness.Maintain finance management manuals, including treasury, accounting, and administration, ensuring updates reflect policy changes.Serve as a key member of the procurement committee, providing financial analysis to guide sound decision-making.Implement measures to enhance the credibility and objectivity of financial statements and reports.Liquidity & Asset Management
Control and monitor the institution's funding requirements and cash flow management.Assess liabilities, explore borrowing arrangements, and manage access to funds.Ensure adequate control of cash and other assets through robust budgetary management and CBK regulatory compliance.Develop and update contingency plans to mitigate liquidity crises.Recommend and refine policies on liquidity and funds management to ensure applicability and practicality.Regulatory Compliance & Reporting
Ensure strict adherence to regulations concerning liquidity, capital adequacy, provisioning, and financial reporting as set by CBK and other regulators.Address inquiries from CBK, other regulators, and external auditors, providing necessary assistance during inspections.Liaise with tax authorities and consultants to ensure compliance and address tax-related matters.Manage the organization's insurance portfolio and oversee claims settlement to prevent undue losses.Ideal Candidate Profile
Educational Requirements :
Master's degree in Finance, Accounting, Business Administration, or a related field.A minimum of 8 years of relevant experience, with at least 4 years in a Senior Leadership role in Microfinance, Retail Banking, or Enterprise Lending.Key Competencies :
In-depth knowledge of banking principles, MFI industry practices, and current trends in microfinance and finance. Finance certifications and practicing licenses will be desirable.Strong leadership capabilities with a proven track record of driving performance and motivating teams.Excellent communication, negotiation, and interpersonal skills; adept at business development and stakeholder management.Proven high performance in similar senior roles, with a strong emphasis on growth, results, and team motivation.Demonstrated ability to act as a change agent, driving operational improvements and organizational growth.High ethical standards and commitment to personal and organizational integrity.He / she should have proficiency in Microsoft Office Suite (especially Excel), and familiarity with accounting software (e.g. QuickBooks, SAP).Strong analytical and problem-solving skills or abilities.Determined personality with initiative, perseverance, and the ability to motivate and manage a teamCapability and willingness to take responsibility and highly developed sense of rectitudeReady to comply and live up to and in accordance with the organization's Ideals and Core Values