Chief Financial Officer

A CAREER ADVANCING FINANCIAL INCLUSION: ABOUT FINCA IMPACT FINANCEFINCA Impact Finance believes all people should have the opportunity to leverage their wisdom, talent and effort to determine their own destiny. Our worldwide network of full-service banks and microfinance institutions are grounded in the conviction that inclusive finance is critical to bringing people out of poverty. FINCA sets standards for the microfinance industry, constantly innovating and developing new products and services that help our customers achieve their dreams.

Millions of entrepreneurs rely on FINCA's commitment to customer protection and an unmatched customer experience to build a better future for themselves, their families, and their communities. FINCA Impact Finance's global network of microfinance institutions and banks provides responsible financial services and enables low-income entrepreneurs and small business owners to invest in their future. With 40 years of experience and a mostly local staff of nearly 5,000, FINCA delivers a double bottom line of social impact and profitability. We hire people from a wide variety of backgrounds at all career stages to fully connect with our customers and strengthen the institution.

FINCA expects employees to personify our values of transparency, active listening, accountability, and respect. Successful candidates will embrace our brand attributes of warmth, trust, and responsible banking, and possess a commitment to collaboration, service, and inclusivity. Role PurposeReporting directly to the Chief Executive Officer, the Chief Finance Officer (CFO) is responsible for the planning, implementation, managing and day-to-day operations of all the finance and accounting activities of FINCA subsidiary (the organization).

The CFO supports the organization to reach its strategic and financial goals, focusing on cost reduction, profitability, liquidity, solvency, long-term resilience and the efficient use of the organization's assets. The CFO also ensures alignment of all financial decisions with the mission and operational objectives. As a critical member of the Management Team, the CFO shares responsibility for the overall strategic direction, performance, impact and other key activities of the organization and participates in making decisions on material issues.

The CFO also reports indirectly to the global Chief Financial Officer of FINCA Impact Finance (FINCA), the parent company of the organization. In this role, the CFO is responsible for executing and complying with global finance and accounting standards and policies, and assisting in ad-hoc strategic global projects. The CFO resides and actively participates on a global finance leaders forum at FINCA guiding the financial direction of the parent company and developing other peer financial leaders around the network. AccountabilitiesAccounting and reportingManages and ensures the generation of financial statements according to local accounting standards.

Manages and ensures the generation of financial statements according to GAAP or IFRS. Manages and ensures the timely reporting to relevant local authorities (central bank, tax office, others). Manages and ensures the timely reporting to FINCA. Manages and ensures the timely reporting and proactive communications to creditors and donors. Financial analysesCreates/develops appropriate reports: financial ratios; liquidity report; currency gap report; various credit reports; breakdown by branches/regions; breakdown by products; plan-fact comparison; historic development; others as required/appropriate. Analyzes financial data and develop financial analysis as a key management tool with the aim of optimizing the organization's activities:

identify risks, inefficiencies, negative tendencies, and propose measures that reduce risks, improving efficiency, reverse negative tendencies. Creating/modifying regulations, procedures for finance activitiesCreates/modifies procedures such that they are low-risk and efficient. Analyzes existing procedures for adequacy and making changes, if necessary. Risk and ComplianceEnsures compliance of the organization's finance activities with the Charter/bylaws of the affiliate; FINCA and affiliate policies, procedures, plans and agreements; decisions of affiliate governing bodies as well as headquarter and regional office supervisor(s). Maintains good coordination with regional office, headquarters, and governing bodies.

Ensures compliance of the organization with financial covenants in agreements with creditors and donors. Supports and reinforces an effective RCSA (risk control self-assessment) program for all key business processes related to the employee's work area, including adopting control improvements when needed and actively contributing to meet all RCSA corrective action plan commitments. Treasury and liquidity managementCreates cash flow forecasts and drives execution across the organization. Ensures availability of sufficient resources for lending in the required currency. Ensures investment policy follows ALCO guidelines (Asset Liability Committee) and FINCA policy.

Responsible for ensuring all financial conditions are met as required by creditors, banks, donors for all transactions. Planning, budgeting (together with the Management Team)Responsible for the financial planning and budgeting process of the organization according to guidelines set by BOD and FINCA. Participates in completion of business plans for expansion into new regions. Coordination of external auditResponsible for coordinating and executing timely the external audit of the organization for local statutory purposes as well as for global FINCA consolidation purposes. Coordination with ITUses possibilities of IT most efficiently.

Proposes modifications to IT programs/procedures that increase efficiency and/or lower risk. In case of changes to the IT structure/software that affect finance activities, participates in a/the leading role in the investigation, decision making and implementation process of the new/modified structure/software. Participation in general management of FINCA DRCAs a member of the Management Team/Board, participates in the organization's general management as defined by the Charter and the Regulation on Management Team/Board (if existing). Is informed about all important activities and developments at the organization.

Keeps all Management Team/Board members informed about relevant issues/developments in the organization's finance activities and department. Presents relevant finance issues to the Management Team/Board for information, discussion, decision making. Participates/votes in decision-making on relevant 'finance' and 'non-finance' issues. Overseeing the procurement processEnsures maintenance of a comprehensive fixed asset register. Ensures purchase and maintenance of all fixed assets is carried out in compliance with donor and FINCA policies. Identifies fixed asset needs, sources them through the prescribed procedures, and develops a recommendation for approval as per the purchase policy.

Carries out the logistics for the physical purchase of the item, after written approval, and ensures that taxes are not paid where legal exemptions are in place. Insurance policiesEnsures that fixed assets, liquid assets, personnel and other activities are insured in accordance with policy. Reviews all insurance policies annually and ensures proper purchasing procedures are followed in selecting policies. Ensures proper care and use of assets, and safe procedures are in place in all activities as the best insurance claims. Approves and submits all insurance against loss or damage. Oversees any life, accident, disability or portfolio insurance programmes (i.

e. : excluding the health insurance programme) maintained by the organization for the benefit of its clients. Job RequirementsQualificationsDegree in Accounting with CPA/ACCA or Chartered Accountancy Equivalent is required;Master's Degree in related field is preferred.

ExperienceAt least 10 years of experience is required;Exposure working in the region is an asset, international experiences is an asset;Extensive experience in best practice financial management of a company, desirably a financial institution;Experience working for the 'big 4' audit firms is an asset;The individual requires highest standards of attention to details, strong analytical skills and knowledge of accounting, financial and taxation standards and appropriate software.

Knowledge and SkillsStrong knowledge of Financial Management principles;Strong command of accounting software;Risk Management;Knowledge of commercial orientation / business acumen;Tax Planning;Managing performance of team;Planning and organizing skills;Decision-making skills;Negotiation, influencing and presentation skills;Excellent analytical and reporting skills;Strong communication skills;Strong command of Microsoft suite;Detail-orientedLanguage SkillsFluency in English required;Knowledge of French will be considered as an advantage. Travel requirementsAvailability to travel 20-25% of the time. Physical DemandsAbility to travel in economy class when traveling by air or rail.