Job Description

As a key member of the Executive Management team, the Chief Financial Officer (CFO) assumes a strategic role in the overall management of the company. The Chief Financial Officer is responsible for planning, implementing, managing and controlling all financial-related activities of the company and developing the finance organisational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organisational objectives.

This includes direct responsibility for accounting, finance, forecasting, budgeting, strategic planning, financial and statutory reporting, cash management, supply chain management, revenue assurance, and credit and collections management together with building a sustainable learning finance organisation.



  • Analysing major infrastructure projects and business investments, receiving Departments CAPEX and OPEX requirements from the relevant C-Suite HoD’s with the necessary justifications; assuring that each investment meets with the target financial KPI’s
  • Creating a Business Case for each project and investment, critically reviewing the justifications, estimating, forecasting and prioritising the cash flow and financing required;
  • Developing the Business Plan (which includes a 1-year and a 5-year financial forecasts) and ensuring that the final draft is in line with the Group expectations; creating, reporting and managing a monthly and annual Cash Flow plan for the company and each project/investment.
  • Selling the Business Plan, project Business Cases and project Cash Flow plans to the Group and to the Board for approvals, which highlights the Strategic Intent, business objectives and/or anticipated changes to the Strategy
  • Maintains awareness of Industry forces and provides support to identify the options available for our client to be well positioned to take advantage of them.
  • Aligns the evolving financial short and medium term goals and objectives for our client  with the Business Plan, and adjusts the plan where necessary (such as market forces);  Reviews each Business Case after implementation to assure that they meet their objective; or change objectives as the market changes.
  • Ensures, through the management and application of financial strategies, that our client  achieves target revenues, profitability, cash positions, on schedule and with sustainable practices;
  • Oversees the preparation of the annual and quarterly budgets in line with Group targets and approves these prior to submission to the CEO;
  • Manages the budget control from the various Line Managers, requests justification on variances or non-adherence to targets, and decides on appropriate action;
  • Ensures that Management Accounts (monthly, quarterly and bi-annual) are prepared and circulated to Exco in compliance with our client  and our client  Financial Management Accounting Policy and latest IFRS standards.
  • Creates and reviews all Business Cases to ensure that these are in line with the Financial objectives of the Company;
  • Follows project and infrastructure rollout in each business case to assure targets are met, will liaise with the project managers to review spending (such as re-costing) and with Commercial Department to follow revenue targets; recommends corrective actions for all deviations from the Business Cases.
  • Oversees the cost management structure of the company and ensures that all expenditure is within Budgets and Approved Forecasts.
  • Defines the depreciation policy of the company, including residual values and impairment of assets for the company and submits to the CEO; according to IFRS standards, Rwanda accounting practices and tax regulations.
  • Approves the total overspend of more than 5% of annual operating expenditure based on the total of the Project Expenditures, Commercial Direct Expenditure, Network Operating Expenditure and Admin Overhead Expenditure.
  • Ensures that all Capital Expenditure is approved by the Group Exco and Board.  Assures all capex are budgeted.
  • Defines the asset disposal policy of the Company, including the residual values;
  • Oversees and approves the Fixed Assets of the Company and the scrapping and sale of assets; tracks all fixed assets; creates and manages a fixed asset register.
  • Approves Capital Expenditure as per the authority matrix defined by the company. Assures that capex requests are within budget, Business Cases and follows Cash Flow plan.
  • Ensures the final acceptance for all CAPEX projects are completed after the equipment is utilized in the network for the first time in line with our client  Financial CAPEX Policy; updates asset register.
  • Ensures that the payroll is processed and paid on due date, following final approval by the CEO and Group HR and in compliance with the our client  Payroll Financial Policies; assures payroll taxes and benefits are paid and accounted accordingly.
  • Ensures that the Financial Statements (monthly, annual and ad-hoc) are prepared and circulated to the CEO, Shareholders and Regulatory Authorities in compliance with our client Corporate and Statutory Reporting Policies and License requirements;
  • Manages all operations relating to financial management and reporting of our client and our client  in line with the annual business and financial strategy;
  • Ensures that the Company assets are correctly and adequately insured, claims are followed up and adequate provision is made for write down of any inventory/stock; assesses risks and exposures to the Company and assets
  • Oversees the analysis of Withholding, PAYE and VAT Tax Legislation(s) and requirements for our client , and monitors compliance through the relevant departments;
  • Oversees the tax activities and payments by our client  in compliance with the Tax Act and Regulations; works with Tax Consultants and Regional tax specialist to assures full compliance and minimal penalties (if any).
  • Reviews processed revenue and direct expenditure transactions for reasonability and ensures any mis-postings and anomalies are promptly corrected.  Assures all customers are billed in a timely manner and invoices collected within invoice payment terms
  • Oversees the Treasury function and ensures the management of all banking operations and the necessary cash flow daily, weekly and monthly; matches and updates to Cash Flow reports.
  • Decides the funding requirements for the Company and sources of financing based on the most critical requirements, risk factors and optimum cost benefit; works with Group on funding and with external sources of funds (banks, finance partners).
  • Monitors, and approves the daily transactions carried out that would impact the Company; controls all transactions through an approval process and according to the authority matrix.
  • Approves the appointment of commercial bankers, credit facilities limits, tax consultants, legal consultants, cheque and payment signatories and appointment of brokers, insurance agents and termination of insurance.
  • Manages the insurance activities of the company; assures policies are update and follows all claims;
  • Oversees the Procurement function for the Company and manages the Procurement section in the Finance Department on a daily basis; establishes procurement process, assures transparency and adherence.
  • Oversees the operations of the Company stocks through the weekly reports from ensures stock availability is within Company re-order levels.  Assures timely delivery, custom clearance and stocking of building materials, network equipment, CPE’s and consumer products/equipment.
  • Oversees the implementation, customisation and configuration of pricing, tariffs on all Billing and related platforms to suit Business requirements and to meet revenue objectives.  Assures accurate billing/invoicing.
  • Develops the necessary plan/s to ensure that the Department meets its agreed goals and objectives, meets staff on a regular basis, identifies and agrees key performance areas, key objectives/tasks and action plans;


Skills and Qualifications

  • Master’s Degree in Finance or Administration or similar from a globally recognized leading institution
  • Financial management and control, reporting and treasury experience including a minimum of 12 years’ experience in a similar C-Suite Executive Management position of a $150m+ company within the Telcom/ICT sectors
  • Strategic management and planning
  • Financial reporting and compliance
  • Taxation and Treasury
  • Planning and budgetary control
  • Business risk and compliance
  • Excellent verbal and written communication and ability to present complex situations
  • Ability to plan and organise 3 to 5 years ahead
  • Fellow of the Chartered Institute of Management Accountants, or an Accounting Professional body recognised by an Institute of Chartered Accountants


Job Details

Level : Management level
Industry : Business
Salary : Confidential
Experience : 12 Years
Applications : 5
Locality : Kigali, Rwanda
Eligibility : Masters
Company : Kaziweza limite...
Posted By Kaziweza limite... / 25 Aug 2021

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