New EADB Head of Finance Job Vacancy-Kenya 2011
New EADB Head of Finance Job Vacancy-Kenya 2011
Job Title: Head of Finance
Tenable in Uganda – Tenure up to 3 years
Reporting to the Director General
The Head of Finance will take charge of Bank’s accounting & financial services and provide professional guidance and leadership to the finance team.
The activities of the Finance Department includes transaction processing, control, and analyses; timely reporting to management, borrowers and other stakeholders; and compliance monitoring activities.
The scope of the Finance Department’s responsibility extends to all special funds, bilateral funds and special operations. It further provides decision support, including proactively developing, planning and implementing operational and financial strategies and related information systems.
The Department is responsible for the formulation of all accounting policies, as well as policies relating to the administration of loans, grants or other financial transactions of the Bank.
- Analyse, record and report the financial consequences of all decisions and transactions of the bank;
- Develop and implement models and systems to produce financial projections and propose measures to ensure satisfactory financial performance of the bank;
- Develop and implement asset and liability management policies and guidelines for the Bank’s capital mobilisation, borrowing, lending and investment activities, with particular focus on interest rate, currency, liquidity and operational risks;
- Develop and ensure consistency of all financial policies and guidelines;
- Prepare, update and implement strategic plans within the framework of the Bank overall strategic plan;
- Review and assess the credit risks of all proposed bank lending, guarantee, and equity investment operations, as well as overall country assistance strategies and regularly update the credit ratings for existing portfolio and treasury transactions;
- Continuously, implement control systems to monitor the performance of the Bank, its flow of funds, adherence to budgets, expenditure, income, costs and other budgetary items to ensure effective financial risk management, responsible stewardship and value for money utilisation of Bank resources;
- Develop and manage the accounting systems of the Bank and all Special and Trust Funds and Donor Funds; reconcile all bank accounts, investments, subscriptions, and Donor Funds;
- Account for disbursements, payments and receipts;
- Prepare and present for consideration of the Board an annual budget, other budgets, financial plans, business plans, forecasts, feasibility studies, investment memoranda and all other financial and business documents as may be required;
- Supervise and ensure timely and regular preparation of financial statements. Present to the Board financial statements and reports as required, ensure that all stakeholders receive timely and accurate management information; and in the case of borrowing, comply by local and international laws and regulations;
- Participate in the management of treasury operations, including money markets and capital market transactions;
- Ensure that annual statutory accounts are prepared in accordance with relevant regulations and international standards and are completed within set timelines; interact with external auditors, and third parties, including statutory organisations to ensure that the Bank meets its statutory obligations;
- Provide effective advice on all aspects of financial management and governance to the management team and the Board; and
- Carry out any other duties assigned by management.
We wish to discuss this position with qualified individuals with a track record of success in business and financial management, at head of department level.
They must show strong financial acumen, drive, strategic vision, inspirational leadership qualities, and proven capacity to manage multi-discipline and multi-national teams and to deliver success through change management.
Knowledge of development finance and astute investment management is required.
Essential skills include:
- treasury operations; asset/liability management; swap book management and liability funding; credit management, funds transfer pricing and product pricing.
- Practical experience in concluding resource mobilization transactions in the local and international capital markets, donor community and IT literacy are key requirements. Should be familiar with structuring and negotiating documentation for complex transactions.
- Such documents include transactions agreements and security documentation for, but not limited to, secured and unsecured cross border lending and borrowing transactions, swaps and derivative transactions, cross border capital market or corporate finance transactions (bonds, IPOs).
- A Bachelors degree in Economics (Econometrics), Mathematics (with a financial specialisation), Commerce (accounting option) or other relevant degree from a recognised University;
- A Masters degree in accounting, business, or finance from a recognised University;
- A formal accounting qualification (CPA, ACA, ACCA, CIMA, CFA or CIPFA) from a recognised accounting body and membership in the relevant professional body;
- A minimum of 10 years experience heading a finance function in a large development or investment or multinational bank, and a minimum of three years working in the Treasury Department of a similar financial institution;
- Experience in managing a portfolio of currencies; experience in resource mobilisation and capital markets transactions in particular;
- Expert knowledge of financial and accounting procedures preferably in a development finance institution; knowledge of International Financial Reporting Standards, International Public Sector Accounting Standards and International Standards on Auditing required;
- Good oral and written communication skills; strong problem-solving and decision-making skills; business acumen, results orientation; and
- A detailed and stable employment history with a clean record of service.
In such cases the appointment would be offered for a term of two years.
Applications from qualified women are particularly encouraged.
If your career aspirations match this challenging and exciting role, please email your application quoting the relevant job title by 28 May 2011 to Executive Selection Division, KPMG Uganda at the following email address: EADBRecruit@kpmg.org.
Please attach your comprehensive Curriculum Vitae including an e-mail address, daytime telephone contact, qualifications, experience, present position, names and addresses of three referees.
All applications should be sent online by email.
Applicants for all positions must be nationals of the EADB Member States except where expressly indicated.
Candidates who applied for the re-advertised positions should not apply for the same positions. Only short listed applicants will be contacted.
The EADB reserves the right to appoint a candidate at a lower level.
Successful candidates should be ready to assume duty before 1 August 2011.
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