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Description
The Company
The East African Development Bank (EADB) was established in 1967 with the remit to provide financial and other support to its member countries, which currently are Kenya, Tanzania, Rwanda and Uganda. The East African Development Bank has a country office in each of its member countries.
On behalf of our client, East African Development Bank, we are seeking to recruit a highly competent, self-motivated and professional individual to fill the position of Head of Finance. The potential candidate should be able to quickly integrate into the existing leadership team.
Reporting directly to the Director General, the Head of Finance will be responsible for the provision of strategic leadership and ensuring high quality accounting and financial services to the Bank. In addition the job holder will be responsible for the provision of professional service and leadership to the finance team. Further, this role will be responsible for the provision of oversight on the development and implementation of finance-related systems.
Key Duties and Responsibilities
1.Participate in the development of the institution’s strategy in order to ensure alignment of the finance function with the institution and the Bank’s overall strategy;
2.Lead the design and implementation of a financial management strategy for the Bank to ensure that finance operations are aligned to the Bank’s strategy;
3.Participate actively in resource mobilisation and prepare documentation for capital markets activities;
4.Develop annual, medium-term and long–term financial plans;
5.Lead in the design and implementation of financial risk management processes by establishing and continuously improving on the existing internal controls;
6.Provide a leadership role in the management of the Bank’s financial budget and ensure prudent utilisation of funds on different projects within the Bank;
7.Develop and implement models and systems to produce financial projections monthly, quarterly, annual and periodically and propose measures to ensure satisfactory financial performance of the Bank;
8.Lead in the proactive review and management of the Bank’s balance sheet.
9.Lead in the preparation of cash flow forecasts and business forecast reports and continuously monitor the cash flow position of the Bank to minimise disruption to the Bank operations;
10.Review periodic financial statements emphasising on the monthly variance report for revenue and operational and design recovery plans to ensure effective revenue management and operational control throughout the year;
11.Develop strategies and initiatives to help deliver significant efficiency and effectiveness gains across all departments within the Bank;
12.Develop and implement business planning policies, procedures and strategic plans and monitor planning objective timelines for the Bank and
13.Monitor all aspects of business planning including workforce planning and the service delivery model and identify business process improvements.
Key Duties and Responsibilities
The successful candidate must have at least ten years’ experience, including at least five years’ experience at head of department level in an active multi-national commercial bank environment or a large financial institution.
S/he should have a Master’s Degree in Finance, Economics, Commerce, Accounting or any other equivalent and relevant qualification from a recognized university.
The candidate must be a Certified Public Accountant or a member of the Association of Certified Chartered Accountants (ACCA) or have similar qualifications from other recognized professional bodies.
Technical Competencies
1.Must have experience in managing a portfolio of currencies, resource mobilization and capital markets transactions;
2.Must have experience in booking treasury transactions, asset/liability management and swap book management and liability funding;
3.Must have in-depth experience in the implementation of a core banking system;
4.Must have practical experience in concluding resource mobilization transactions in the local and international capital markets and with multi-lateral and bi-lateral funding agencies;
5.Must have strong understanding of, and experience in working with, reporting standards such as IFRS and GAAP, and have working knowledge of IPMAS;
6.Must have significant demonstrated experience of the preparation of management and annual accounts, business analysis and management information as well as the development, maintenance and monitoring of management information systems and procedures;
7.Must be proficient in the use of MS Office and financial management software (e.g SAP, Flexcube).
Behavioral Comptencies
1.Must demonstrate impeccable integrity, honesty and a strong ethical background with an ability to resist and maintain zero tolerance for corrupt, political and other undesirable influences;
2.Must be able to build and maintain constructive and effective relationships with stakeholders and staff alike;
3.Must be open to change and be able to adapt established methods for new uses within the Bank;
4.Must possess strong interpersonal skills.
Additional Information
The position is tenable in Kampala, Uganda and applicants must be willing to relocate outside their countries of domicile.
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