Head of Finance, Rural Electrification

Head of Finance

Job Vacancy > Head of Finance

Location > Mwanza, Tanzania

Position Type > Full Time

Organization Type > Company

Activity > Rural electrification

Application deadline: 16th of December 2015

About the Company

The Tanzanian jointventure JUMEME RURAL POWER SUPPLY LTD. was established by the partners INENSUS GmbH (Germany), TERRAPROJECTS (Austria) and ST. AUGUSTINE UNIVERSITY OF TANZANIA (Tanzania) as a micro-utility with the aim to implement and operate Solar-Hybrid Mini-Grids in remote settlements in Tanzania providing reliable, affordable and clean electricity to businesses and small industries, households, and public infrastructures.

The first project of JUMEME is co-funded by the European Union under the European Commission ACP-EU Energy Facility and other international donors. By implementing 25+ mini-grids in the north-western regions of Tanzania and providing electricity to 11,000 households, 2,600 agricultural enterprises, businesses and small industries, and > 80 public infrastructures (reaching > 80,000 rural citizens in total) by 2017, JUMEME aims at becoming one of the largest solar mini-grid operators in Africa.

JUMEME is seeking highly motivated personnel that will help scaling up the business and achieving the company's goal of providing energy services to 1 million people by 2022.

Job Description

Reporting directly to the General Manager, and if requested to the Board of Directors, the Head of Finance (HF) is responsible for the accounting, overall financial management and financial reporting of the company, ensuring its ongoing viability and secure financial future. The HF will be in charge of the head office organization and coordinate all financial aspects of the company's staff such as approval and payment of remunerations, travel allowances and petty cash. The company staff will comprise 10 employees in the beginning and is set to grow to approx. 50 in the near future.

Further responsibilities of the HF are:

• Assess existing and future financing needs of the company, develop and evaluate financing options and implement new approaches in collaboration with the General Manager and Board of Directors
• Coordinate the development and monitoring of budgets and the budgeting process
• Establish and maintain a transparent and accurate accounting system
• Review all formal finance procedures and processes, recommending improvements to the systems in place and managing the systems going forward
• Ensure legal and regulatory compliance for all functions within the company
• Develop and monitor business metrics, KPIs and other business analytics in cooperation with the Board of Directors and its advisors
• Participate in key decisions pertaining to strategic initiatives, operating model and operational execution
• Oversee cash flow and liquidity planning and ensuring availability of funds as needed
• Represent the company on financial matters to third parties, including financial institutions, shareholders, external auditors, and respective government agencies
• Prepare and package board financial and operational papers
• Provide updates of financial forecasts measuring impact on both profitability and cash flow
• Provide timely and accurate management reporting
• Mentor and develop the finance and accounting staff
• Oversee all audit activities
• Oversee the preparation of monthly and year-end financial statements in accordance with IFRS and implement and maintain effective internal control measures
• Oversee all financial and administrative functions with regard to accounting, planning & analysis and any related matters
• Manage all staffs' remuneration and administrative employment related aspects

Job Requirements

• Professional qualifications must include a minimum of a Bachelor's degree in Accounting or Finance and a CPA designation. CFP, MST, or MBA are desirable but not required
• Ideal professional experience includes: having worked as a senior financial leader within a complex and fast growing organization with experience in the energy/rural electrification sector
• In-depth expertise in financial controlling, analysis, budgeting and reporting
• Proficient in tax compliance for companies and corporations
• Demonstrated experience of using sophisticated accounting and financial software and translating raw financial data into accessible management information and recommendations for action
• Experience in handling grants from international donors and related reporting procedures
• Prior experience working with a Board of Directors, and committees comprised of high-level principals
• Sophisticated user of technology, with experience streamlining and simplifying processes and reporting
• Exceptional written and oral communication abilities in English and Kiswahili
• Good computer skills, particularly Excel
• High attention to detail and accuracy
• Ability and readiness to work under pressure and in flexible working hours

Benefits

A Tanzanian employment contract with a competitive compensation package will be offered depending on the experience and qualifications of the successful applicant.

HOW TO APPLY:

If you believe your career objectives match this challenging role, please send your application by Wednesday, 16th of December 2015 by E-Mail to HR-JUMEME@inensus.com. Please attach your cover letter, CV, copies of certificates and qualifications, name at least three referees with their contact details, and indicate your salary expectations and earliest availability.