FUNFED Chief Finance and Operating Officer Jobs in Egypt & Mauritius
Our Client- Afreximbank (headquartered in Cairo, Egypt) is a Trade Finance Bank established for the purpose of financing, promoting and expanding Intra-African and Extra-African Trade.
The Bank was established through an agreement signed by member states and multilateral organisations and a charter that governs its corporate structure.
In addressing the gaps in Intra-African Trade, the Bank has set up an Investment Holding company- Fund for Africa's Export Development (FUNFED), under its Equity Investment Programme.
Responsible for:
Administration of Financial Operations and Treasury of FUNFED, monitoring of control systems designed to preserve FUNFED’s investments and reporting accurate financial results.
Overseeing the shared services and outsourced functions provided to FUNFED and acting as a central point of contact between FUNFED and outsourced service providers such as auditors, lawyers, accountants, compliance providers, etc.
Interaction with the consultant managing the outsourced internal audit function.
Company secretarial duties at commencement of operations.
Act as the linchpin between the FUNFED operations and the wider Afreximbank senior management.
Responsible for the Fund’s critical deliverables to investors (Quarterly/Annual Report to LPs, etc.)
Responsible for overseeing Shared Services Center (SSC) consisting bookkeepers, fund accountants, fund administrator, etc. as well as providing the operational direction and managing the day-to-day operations of the SSC in line with the service level agreement.
The central contact point for the Fund’s Report to its LPs.
Work in tandem with Investment Professionals to execute investment including reviewing the financial models
Duties and Responsibilities
Financial Planning and Management
Provide overall guidance in the administration of FUNFED’s and the equity funds’ finance functions.
Develop and implement financial and tax strategies for FUNFED.
Collaborate with investment and portfolio management teams to implement investment, finance and portfolio management strategies for the funds.
Prepare a detailed 1 year business plan and 3 year forecast.
Interact with team to ensure tax, treasury and accounting activities are properly managed.
Ensure staff payroll process and Shared Services fee allocation are effectively carried out.
Coordinate with the Shared Services team to ensure timely availability of financial reports for different classes of stakeholders.
Fund Accounting
Prepare timely and accurate Net Assets Values, yields, distributions, fees and accruals and other fund accounting output for subsequent review.
Record, accurately reconcile and review various accounts e.g. capital commitments, allocations and distributions etc. in accordance with FUNFED’s policies and procedures.
Identify exceptions and problems affecting accounting records and valuations, communicating same to management, and assisting in their resolution.
Report periodically to management on the Funds’ activities and other accounting concerns.
External benchmarking (tracking of FUNFED portfolio companies vs stock market index and other investment companies where applicable).
Ensure proper valuation and supporting documentation of portfolio investments.
Coordinate the issuance of drawdown notices.
Internal Accounting
Coordinate the preparation of financial statements, financial reports, special analyses and information reports.
Provide
timely, accurate analysis of budgets and financial reports to assist the CEO and other executives with their responsibilities.
Oversee completion of timely annual financial statements by managing external audit of fund financial statements and valuation of portfolio companies.
Monitor financial performance by measuring and analysing results; initiating corrective actions and minimizing the impact of variances.
Develop and maintain systems of internal controls to safeguard financial assets of the organization.
Operations Management
strategy for FUNFED.
Responsible for the measurement and effectiveness of all internal and external processes.
Develop and execute operating policies to support the fund’s objectives.
Provide timely, accurate and complete reports on the operating condition of the company.
Collaborate with the management team to develop and implement plans for systems, processes, and personnel designed to support the rapid growth objectives of FUNFED.
Leadership and People Management
Provide oversight, direction and coaching to team members.
Create an enabling environment that empowers staff to achieve set goals and objectives.
Provide appropriate assignments and experiences to support the learning and development of team members.
Carry out regular reviews and assessment of all staff once a year.
Demonstrate high standards of ethical behavior and integrity.
Address inappropriate behavior demonstrated by team members and handle accordingly as set out in the company policy
Perform other duties assigned by the Management and/or Board/Board Committees.
Requirements
Bachelor and Masters’ degrees in Accounting, Economics, Finance, Business or related subjects.
Relevant professional certifications e.g. CPA, ACA, CFA, ACCA or its equivalent
Minimum of 15 years relevant experience in a financial leadership role with a private equity fund.
Experience of statutory financial reporting and knowledge of IFRS.
Experience working with/in the operations team of a private equity.
Highly effective communicator both internally (senior management) and externally (investors and other stakeholders).
Self-starter with a sense of responsibility.
Excellent attitude given this will be a top to bottom type role.
Timelines and deliverables focused
Excellent analytical skills, high aptitude for quantitative reasoning and problem-solving.
Relevant stakeholder management experience with strong decision making and problem-solving skills.
Strong administrative and organization skills
Advanced skills in Excel and financial modelling.
Potential to grow with the trajectory of FUNFED.
How to apply
Interested candidates should apply online by 31st July, 2018
For more information and job application details, see; FUNFED Chief Finance and Operating Officer Jobs in Egypt & Mauritius
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