Chief Financial Officer (CFO) in Ethiopia
, Ethiopia
Employment Type: Full time
Duration: 3 years with possible extension
Immediate Supervisor: Director, Operations
About African Bamboo
African Bamboo is a pioneer technology, distribution, manufacturing, and forestry group focused on the development and commercialization of a fundamentally new application of bamboo based products from Africa into hardwood timber and polymer substituting products such as natural fiber composites (NFC), bamboo plastic composite (BPC), medium density fiber-boards (MDF), oriented strand boards (OSB), particle board (PB), bamboo plywood and more. Our business model centers on creating a high performance product that substitutes plastics or hardwood timber and is environmentally friendly over their full life cycle. All our products will be made from abundantly available, fast growing, and renewable bamboo resource with durability and performance parameters exceeding the relevant European or International norms and standards.
Job Profile
The CFO provides financial advice and support to the executive management team of African Bamboo (AB) to enable sound business decisions, and understanding of the cash flowing through and out of the AB’s business by ensuring financial practices are in line with international standards (IFRS) and all statutory legislation and regulations.
The CFO is accountable for the administrative, financial, and risk management operations of the company. S/he is responsible for the development of a financial strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.
The CFO directly assists the Director, Operations on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding.
Description of Major Duties and Responsibilities:
Primarily
1.1 Develop financial strategies by forecasting capital, facilities, and staff requirements; identifying monetary resources; developing action plans.
1.2 Develop organization prospects by studying economic trends and revenue opportunities; projecting expansion prospects; analyzing organization operations; identifying opportunities for improvement, cost reduction, and systems enhancement.
1.3 Monitor financial performance by measuring and analyzing results; initiating corrective actions; minimizing the impact of variances.
1.4 Train and develop the finance team to be able to apply and execute financial policy and accounting procedure manual of African Bamboo in an efficient manner.
1.5 Initiate review of financial policy and Accounting procedures in light of computer system application & dynamism.
African Bamboo BV | Kingsfordweg 151 | 1043 GR Amsterdam, Netherlands | +31 204 91 91 91 | info@african-bamboo.com | www.african-bamboo.com
1.6 Develop and maintain systems of internal controls to safeguard financial assets of the organization
1.7 Ensure that all information required for the purpose of auditing is available and institutionalizes the resultant Management comments.
1.8 Administer budgets of African Bamboo and analyzes variances accordingly.
1.9 Introduce cost accumulation mechanisms whereby to determine prices of service products with due consideration of market value.
1.10 Produce reports on the utilization fund channeled to African Bamboo from donors & partners in line with prior agreement
1.11 Prepare operational and risk reports for management analysis.
1.12 Ensure the finance team is effectively managed and with an emphasis on empowerment, accountability, continuous improvement, productivity and goal attainment.
1.13 Evaluate the performance of the finance team fairly & rationally and identify and develop potential successors.
1.14 Establish good working relationships and collaborative arrangements with all partners that have direct or indirect financial stake.
1.15 Exchange financial information and align financial activities with AB’s holding company in Netherlands
Description of Major Duties and Responsibilities:
key Activities
1. Financial System
1.1 Validate the accounting system rollout
1.2 Establish IFRS compliant monthly reporting system
1.3 Establish IFRS compliant vouchering system
1.4 Establish IFRS compliant financial records index, files, & folders
2. Consolidated Financial Statements
2.1 Prepare AB BV and AB Plc annual statement
2.2. Prepare AB BV and AB Plc financial statement for each business unit
2.3. Prepare AB financial summary on the basis of source of Fund: Equity, Debt
2.4. Prepare AB financial summary on the basis total Assets, total equity, total liability
2.5. Prepare monthly cash flow
2.6. Actual vs. Forecast Capital Expenditure
2.7. Actual vs. Forecast Operation Expenditure
2.8 Business Development Target Report by business units (KPI)
2.9 Develop and maintain systems of internal controls to safeguard financial assets of the organization
2.10 Financial support of shareholding structure by Business units (operating companies), holding company and the Plc
2.11 Financial support of commercial contracts
3. Financial Model and Accounting System Alignment
3.1 Undertake Charts of Accounts (current) Alignment with Business model for the 4 operating units (Factory, Forestry, Distribution and IP)
4. Manual (Standard Operating Procedures)
4.1 Prepare the standard systems for Procurement and Assets in order to control registration & handling of properties towards safeguarding the interest of African Bamboo.
4.2 Validate the standard systems for Finance and HR in order to control registration & handling of properties towards safeguarding the interest of African Bamboo.
African Bamboo BV | Kingsfordweg 151 | 1043 GR Amsterdam, Netherlands | +31 204 91 91 91 | info@african-bamboo.com | www.african-bamboo.com
4.3 Train and develop the finance team to be able to apply and execute financial policy and accounting procedure manual of African Bamboo in an efficient manner.
4.4 Initiate review of financial policy and Accounting procedures in light of computer system application & dynamism.
4.5 Develop and maintain systems of internal controls to safeguard financial assets of the organization
5. Due Diligence Readiness
5.1 Undertake Audited financial statements for each of the Company, with the auditor’s opinion and all footnotes.
5.2 Undertake Un-audited financial statements for each of the Company for the most recent month or quarter end.
5.3 Preparatory Q&A
5.4 Defend due diligence
6. Company Formation
6.1 Support formation of
Holding companies
Operating companies
6.2 Tax memo on consequence of planned company structure:
Holding companies
Operating companies
6.3 Tax memo on double taxation treaty applications between Netherlands and Ethiopia
6.4 Trading
Required qualification and experience
B.A/M.A in Accounting and Finance or Business Administration. Preference will be given to candidates with an MBA in Finance, and IFRS certification.
5 years of relevant experience with at least 2 years at leadership position.
Strong problem solving skills and willingness to roll up one’s sleeves to get the job
Skilled at working effectively with cross functional teams in a matrix organization
Excellent written and verbal communication skills
Stress resilient and flexible
Experience in the international scenario, especially in import/export business
Special Training: Peachtree, Computer skill is essential
African Bamboo is an equal opportunity employer; qualified women are encouraged to apply.
Are you interested in becoming a Chief Financial Officer (CFO) in Ethiopia? Apply now at the top or bottom of our page.
Note: This is a job advertisement, applications will be forwarded to the employer for selection. JobnetAfrica believes all applicants should get feedback, good or bad, but are not further involved in the recruitment for this particular vacancy.
Expiring: Oct 03, 2019