Chief Financial Officer (CFO), FINCA Jordan

Job Description

The Chief Financial Officer (CFO) is directly responsible for managing all finance and accounting activities of FINCA Jordan, and supervises all its finance staff. S/he will ensure that the finance activities of FINCA Jordan will support FINCA Jordan in pursuing its mission with a minimum of risk and a maximum of efficiency. As a member of the Management Team/Board, s/he shares responsibility for the overall performance and activities of FINCA Jordan, and participates in making decisions on material issues.??ESSENTIAL DUTIES include the following. Other duties may be assigned.?-Manage generation of financial statements according to local accounting standards-Manage timely reporting to relevant local authorities (central bank, tax office, etc.)-Manage timely reporting to FMGS and hub-Analyze financial data and develop financial analysis as a key management tool with the aim of optimizing FINCA Jordan?s activities: identify risks, inefficiencies, negative tendencies, and propose measures that reduce risks, improving efficiency, and reverse negative tendencies-Create/modify procedures such that they are low-risk and efficient-Ensure compliance of FINCA Jordan with financial covenants in agreements with creditors and donors-Create cash flow forecasts-Ensure availability of sufficient resources for lending in the required currency-Manage all financial transactions with creditors, banks, donors-Manage the planning and budgeting process of FINCA Jordan-Act as the coordinator and main contact person with external auditors-Keep all Management Team/Board members informed about relevant issues/developments in FINCA Jordans finance activities and department-Participate/vote in decision-making (with Management Team/Board Members) on relevant ?Finance? and ?Non-Finance? issues-Manages relationships with all Lenders, both local and external, in concert with the CMG Team in HQ.-Manage the ALCO Process as the principal representative of the local subsidiary.?*Job RequirementsSUPERVISORY RESPONSIBILITY-Supervise all finance staff of FINCA Jordan. For finance staff located in branches, the CFO retains the ?professional responsibility?, whereas the ?administrative responsibility? is transferred to the branch manager-Responsible for hiring/evaluating all finance staff (for branch employees: professional responsibility only; administrative responsibility is with branch manager), and their dismissal, if necessary-Assess the training requirements for the Finance Department as a whole and for its individual employees, and develop a capacity building plan for the Department and its individual employees-Preparation of staff to assume management positions-Conduct performance evaluations of the staff reporting to him/her and verify that the supervisory personnel also perform evaluations of their staff in a timely manner according to established procedures*KEY DELIVERABLES-Create/develop appropriate reports: financial ratios; liquidity report; currency gap report; various credit reports; breakdown by branches/regions; breakdown by products; plan-fact comparison; historic development; other as required/appropriate-Ensure compliance of FINCA Jordans finance activities with the Charter/bylaws of the subsidiary; FINCA and subsidiary policies, procedures, plans and agreements; decisions of subsidiary governing bodies as well as headquarter and regional office supervisor(s); maintain good coordination with regional office, headquarters, and governing bodies-Present relevant ?Finance? issues to the Management Team/Board for information, discussion, decision making?

Keyskills :
CPA