Our client, a leading Micro Finance Bank in Kenya is looking for Head of Finance and Strategy. Reporting to the CEO, the incumbent will be responsible for overseeing the financial management, strategic planning, and treasury functions of the bank. This role involves driving the banks financial strategy, ensuring regulatory compliance, managing financial risks and optimizing the bank’s financial performance. The role is critical in supporting the bank’s growth and sustainability in a dynamic financial landscape.
Responsibilities:
1. Strategy and business planning
- Oversee the formulation, implementation & monitoring of the bank’s strategy.
- Responsible for the organizations business planning, funding budgeting
- Responsible for the overall financial reporting of the organization.
- Lead the annual business plan development and budgeting process.
- Provide ongoing financial modeling and analysis expertise to business partners.
- Lead the quarterly / monthly outlook process.
- Develop and maintain capital budget.
- Lead financial modeling and scenario analysis to assess potential business opportunities and risks.
- Collaborate with other senior executives to set and achieve long-term business goals
2. Financial Management
- Financial reporting to the board of directors, Executive Management and other external stakeholders which include but not limited to CBK, CMA, Lenders etc.
- Represent the company to financial partners, including financial institutions, investors, auditors, Central Bank, KRA, etc.
- Implement robust financial controls , processes and systems to safeguard the bank’s assets.
- Liaise and enhance relationships with financial partners, including financial institutions, investors, auditors, Central Bank, KRA, etc.
- Incisive analysis of financial results that provide insight into the organization’s operations and business plans and develop recommendations therefrom (strategic and tactical).
- Ensure compliance with the financial regulations and reporting standards, including local and International Financial reporting Standards (IFRS9).
- Lead the annua; audit process and liaise with external auditors.
3. Treasury management
- Manager the bank’s liquidity, funding, and capital management to ensure financial stability and regulatory compliance.
- Oversee cashflow management, investment strategies and foreign exchange risks management.
- Develop and implement treasury policies and procedures including managing relationships with financial institutions and investors.
- Monitor and manage the bank’s asset and liability positions to optimize returns and minimize
- Responsible for creation and implementation of a robust treasury management strategy and systems that ensure there is profitable investment of cash instruments and maintain optimum liquidity and investments
4. Leadership
- Participate in key decisions as a member of the executive management Team.
- Participate in corporate policy development as a member of the senior management team.
- Management of relationships with board members, the management team & other stakeholders.
- Establishment of financial operational best practices within the organization.
- Drive departmental and organizational productivity
5. Risk Management
- Identify, assess and mitigate financial risks including credit, market, operational and liquidity risks.
- Ensure robust risk management frameworks are in place and adhere to the regulatory requirements.
- Collaborate with the risk management team to align financial strategies with the bank’s risk appetite.
- Ensure that record keeping meets the requirements of auditors and government agencies.
- Report risk issues to the audit committee of the board of directors.
- Maintain relations with external auditors and investigate their findings and recommendations.
- Review processes and implement changes that increase overall efficiency and effectiveness.
6. Bank wide AML, KYC & CFT
- Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO).
- Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within my area of responsibilities.
Requirements:
- Bachelor’s Degree in Business related Studies
- Master’s Degree in Business or Finance
- CPA (K) /ACCA
- At least 10 years of experience in Finance and Treasury management with a significant portion in a senior leadership role within the banking industry.
- Extensive Knowledge of best practice in leadership
- Working knowledge of Emerge T24 and Great Plains ERP
- Experience in partnering with an executive team and have a high level of written and oral communication skills.
- Integrity and professionalism
- Strategic mindset with a proactive and results oriented approach
