Chief Financial Officer job at ASA Microfinance Zambia
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Vacancy title:
Chief Financial Officer

[ Type: FULL TIME , Industry: Financial Services , Category: Accounting & Finance ]

Jobs at:

ASA Microfinance Zambia

Deadline of this Job:
Sunday, December 10 2023 

Duty Station:
Within Zambia , Lusaka, South - Central Africa

Date Posted: Monday, December 04 2023, Base Salary: Not Disclosed

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Learn more about ASA Microfinance Zambia
ASA Microfinance Zambia jobs in Zambia

The ideal candidate will be responsible for financial strategy, financial planning and analysis, financial reports, company audits, compliance, and bank relationships. They will collaborate with the CEO and the executive team to make decisions regarding company’s financial strategy and operations. The candidate will possess a strong background in finance and management.

• Oversee the monthly, quarterly and annual financial statement preparation and analysis and ensure the financial statements are prepared in compliance with local GAAP (generally accepted accounting principles) and for Group reporting purposes in compliance with IFRS.
• Provide advice and counsel to Country CEO, direct reports, senior managers etc. Provides financial analysis to a wide range of assignments, often under tight deadlines, to support numerous business processes and initiatives relating to financial services industry.
• Responsible for annual Audit and half yearly Review by EY – Prior experience in this regard is essential
• Ensure the company-wide implementation of a CBS, financial consolidation software, parallel running of existing reporting and operational package. Implementation and review of internal controls. This includes developing appropriate processes, procedures and tools to ensure that deficiencies are identified and corrected in a timely fashion.
• Accountable and driver of Growth for the business in line with the annual and five-year budget.
• Evaluate on an ongoing basis the reporting system including IT requirements, so that it reflects an accurate assessment of the operating revenues and expenses of the organization for the stakeholders.
• Ensure compliance with all Federal/Government/Banking regulations, including taxation.
• Evaluate on an ongoing basis the purchasing system in coordination with department heads so that acceptable controls, approvals, budget check and time frames are responsive to the requirements of the organization and generally accepted accounting principles.
• Serve as a key member of the senior leadership team providing leadership and input to management peers regarding the financial implications of all major business decisions and transactions.
• Manages annual operating and capital budget process, through review with senior management of the Group and Board. Assists with the annual business planning process. Local Board reporting and preparation.
• Directs insurance requirements, payroll requirements, funding requirements and establishes relationship with local and foreign funders to raise funds to drive growth for the business.
• Manage relationships with bankers, external and internal auditors and Government officials as appropriate.
• Responsible for cash management and cash forecasting. Spearhead local Treasury and ALCO.
• Drive the DFS (Digital Financial Services) initiative of the Group.
• Maintain dotted line with Group CFO.

Academic Qualification and Expectations:
· Minimum bachelor’s degree in Accounting, Finance, or related subjects.
· Professional certification in Accounting.
· MSc/MBA will be an added advantage.
· Minimum 7 years professional experiences as CFO or relevant role.
· Experience in working with a Financial Institution.
· Exposure to business law and risk management.
· Proficient in data analysis and forecasting methods.
· Proficient in the use of MS Office (Advanced stage) and ERP software.
· Exceptional fluency in spoken and written English.
· Strong leadership and organizational skills.
· An analytical mind, comfortable with numbers.
· Membership in the Zambia Institute of Chartered Accountants (ZICA) is MUST.

Reporting Line
The Chief Financial Officer shall report to the Chief Executive Officer (CEO).

Job location:
Lusaka, Zambia

Compensation & Benefits
• Gross monthly salary ZMW60,000
• 2-year Contract (Renewable; Performance dependent)
• Gratuity – 25% of basic at end of contract
• Other benefits as per company policy

Work Hours: 8

Experience in Months: 84

Level of Education:
Associate Degree

Job application procedure
If you feel you are the right fit for the above-mentioned position, please apply with your resume and a cover letter to the following email address before the deadline: 

Application Deadline: 10th December 2023

Please Note: Only complete applications (cover letter and resume) will be considered, and only shortlisted candidates will be contacted.

We stand for diversity and inclusion. Therefore, we warmly encourage everyone to apply, regardless of gender, background, ethnicity, age, religion, etc.

“ASA Microfinance Zambia limited aims to attract and select a diverse workforce, ensuring equal opportunity to everyone, irrespective race, age, gender, class ethnicity, disability, location, and religion. Qualified women are particularly encouraged to apply”.

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Job Info
Job Category: Accounting/ Finance jobs in Zambia
Job Type: Full-time
Deadline of this Job: Sunday, December 10 2023
Duty Station: Lusaka
Posted: 04-12-2023
No of Jobs: 1
Start Publishing: 04-12-2023
Stop Publishing (Put date of 2030): 04-12-2077
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