The Company

UMINO Community Loan Services is a private company limited by shares that provides financial services to rural parts of Zambia. UMINO is an acronym derived from ‘UMoyo wa bwINO’ which means a ‘good life’ and provides Small and Medium Enterprise (SME) loans.

Currently, UMINO is operating using a Money Lenders’ license, and is in the process of registering as a non-deposit taking Microfinance Institution (MFI) regulated by the Bank of Zambia.

UMINO provides loans to Small and Medium Enterprises (SMEs) in the Eastern part of Zambia. UMINO currently has more than 2000 clients across six branches covering ten (10) districts namely, Rufunsa, Luangwa, Nyimba, Petauke, Sinda, Katete, Lundazi, Lumezi, Chadiza and Vubwi.

As we have ambitious plans to expand our operations in the East and across Zambia, we are looking for an experienced, entrepreneurial, strategic as well as hands-on Chief Finance Officer (CFO) to join our senior leadership team.

Job Overview

The CFO will play a critical role in shaping the financial future of UMINO Community Loan Services, ensuring financial stability, and driving growth.

1. Develop and implement financial strategies to support the company's goals and objectives.

2. Oversee all financial operations, including budgeting, forecasting, and financial reporting.

3. Ensure compliance with financial regulations and standards, with particular reference to BoZ.

4. Manage relationships with investors, banks, and other financial institutions.

5. Provide strategic recommendations to the CEO and executive team and the board

6. Lead and mentor the finance team to achieve departmental goals.

7. Monitor and manage cash flow, ensuring the company's financial health.

8. Overseeing management and maintenance of all physical assets together with Ops function.

9. Identify, classify, and mitigate portfolio-, financial-, and market risks.

Requirements

1. ACCA, CIMA, ZICA

2. Master’s degree added advantage

3. Sound knowledge and experience of micro-/entrepreneurial finance operations and service delivery/maintenance

4. At least 10 years of experience in a management position, preferably in micro-/entrepreneurial finance, SME banking or a related field

5. Strong knowledge of financial regulations and compliance, in particular BoZ framework

6. Strong understanding of Bank of Zambia regulations, local GAAP, IFRS, and tax laws.

7. Experience preparing and submitting regulatory returns and financial statements to BoZ.

8. Excellent analytical, strategic planning, and communication skills, combined with a strong hands-on/can do attitude

9. Proven ability to lead and develop high-performing teams.

10. Preferably experience in scaling a business and the associated (financial) processes

11. ZICA Membership at the level of associate or fellow is a must.

Responsibilities

Overall management of the UMINO finance function and problem solving as required. This includes, but is not limited to:

1. Financial Strategy Development:

• Formulate and implement financial strategies to support the company's overall goals and objectives.
• Provide strategic recommendations to the CEO and executive team.

2. Financial Planning and Analysis:

• Oversee budgeting, forecasting, and financial planning processes.
• Analyze financial performance and prepare detailed reports for management.

3. Financial Operations Management:

• Manage all financial operations, including accounting, treasury, and tax functions.
• Ensure accurate and timely financial reporting to CEO and the board.

4. Compliance and Risk Management:

• Ensure compliance with financial regulations and standards.
• Identify and mitigate financial risks to safeguard the company's assets.

5. Cash Flow Management:

• Monitor and manage cash flow to ensure the company's financial stability & liquidity.
• Optimize the company's capital structure and funding strategies.

6. Investor Relations:

• Maintain relationships with investors, banks, and other financial institutions.
• Communicate the company's financial performance and strategy to stakeholders.

7. Team Leadership:

• Lead and mentor the finance team to achieve departmental goals.
• Foster a culture of continuous improvement and professional development.

8. Strategic Initiatives:

• Support and drive strategic initiatives, including mergers and acquisitions, partnerships, and expansions.
• Evaluate and manage financial aspects of new business opportunities.

9. Performance Monitoring:

• Establish and monitor key financial performance indicators (KPIs).
• Implement systems and processes to improve financial efficiency and effectiveness.

10. Advisory Role:

• Act as a key advisor on financial matters to the CEO and board of directors.
• Provide insights and recommendations based on financial analysis and projections.

Line Management & Reporting

The finance team will report to the CFO.

The CFO is part of the UMINO management team, reports to the CEO and will have regular exposure to the Board of Directors of UMINO

The CFO liaises with all members of UMINO management team (COO, IAM, HRM and ITM).

• Formulate and implement financial strategies to support the company's overall goals and objectives.
• Provide strategic recommendations to the CEO and executive team.
• Oversee budgeting, forecasting, and financial planning processes.
• Analyze financial performance and prepare detailed reports for management.
• Manage all financial operations, including accounting, treasury, and tax functions.
• Ensure accurate and timely financial reporting to CEO and the board.
• Ensure compliance with financial regulations and standards.
• Identify and mitigate financial risks to safeguard the company's assets.
• Monitor and manage cash flow to ensure the company's financial stability & liquidity.
• Optimize the company's capital structure and funding strategies.
• Maintain relationships with investors, banks, and other financial institutions.
• Communicate the company's financial performance and strategy to stakeholders.
• Lead and mentor the finance team to achieve departmental goals.
• Foster a culture of continuous improvement and professional development.
• Support and drive strategic initiatives, including mergers and acquisitions, partnerships, and expansions.
• Evaluate and manage financial aspects of new business opportunities.
• Establish and monitor key financial performance indicators (KPIs).
• Implement systems and processes to improve financial efficiency and effectiveness.
• Act as a key advisor on financial matters to the CEO and board of directors.
• Provide insights and recommendations based on financial analysis and projections.

• Strategic planning
• Communication skills
• Analytical skills
• Leadership
• Team development
• Financial regulations and compliance
• Micro-/entrepreneurial finance operations
• SME banking
• Bank of Zambia regulations
• Local GAAP
• IFRS
• Tax laws
• Regulatory returns preparation
• Financial statement preparation
• Hands-on/can do attitude
• Scaling a business

• ACCA, CIMA, ZICA
• Master’s degree is an added advantage
• ZICA membership at the level of associate or fellow is a must.
• Sound knowledge and experience of micro-/entrepreneurial finance operations and service delivery/maintenance
• At least 10 years of experience in a management position, preferably in micro-/entrepreneurial finance, SME banking or a related field
• Strong knowledge of financial regulations and compliance, in particular BoZ framework
• Strong understanding of Bank of Zambia regulations, local GAAP, IFRS, and tax laws.
• Experience preparing and submitting regulatory returns and financial statements to BoZ.
• Excellent analytical, strategic planning, and communication skills, combined with a strong hands-on/can do attitude
• Proven ability to lead and develop high-performing teams.
• Preferably experience in scaling a business and the associated (financial) processes