MBC Africa Vacancies 2018

MBC Africa provides an enabling environment for agribusinesses in Africa by integrating the business services they need to grow onto one single platform. MBC Africa’s role is to identify, nurture and develop a critical mass of viable growth-oriented agribusinesses as a pipeline for sustainable and impactful investment in selected African economies. We aim to enhance the knowledge, skill, and performance of agribusiness entrepreneurs and managers through innovative training, consulting and mentoring services. MBC Africa also aims to support youth to seize the vast opportunities in the agricultural sector.

Job Description

Job Title: Chief Financial Officer

Position Overview

The Chief Financial Officer (CFO) provides both operational and programmatic support to the organization. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO reports to the Executive Director and directly assists on all strategic and tactical matters as they relate to budget management, cost benefit analysis, forecasting needs and the securing of new funding.

The position is accountable for the administrative, financial and risk management operations of MBC Africa, including the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve MBC Africa assets and reporting accurate financial results.

Your Mission

1. Plan, coordinate, monitor and control accounting and financial management of MBC Africa.

2. Define and coordinate HR policies and personnel productivity.

3. Plan and coordinate MBC Africa’s product plans

Coordination of financial management and accounting

· Conduct regular analysis of the evolution of MBC Africa’s accounts and report to the management

· Develop a weekly cash flow cash budget for better forecasting and coordination of inputs and outflows

· Check and validate the various financial and accounting operations (Regulation bill, expenses, purchases, sales, and wages) of MBC Africa in an effort to reduce costs and optimize profitability of MBC Africa

· Ensure optimal use and cost lines of credit provision by banks and report to management.

· Prepare and negotiate the financing of MBC Africa with its various partners in collaboration with management.

· Produce regular reports and analysis reports to reduce the cost burden of MBC Africa and ensure the profitability of investments

· Supervises Country Financial Officers

Planning, monitoring and control of operations

· Validate and coordinate monthly plans of the various operations within MBC Africa

· Provide financial analysis of MBC Africa’s operations to avoid waste and abuse in the transactions

· Conduct regular adjustments to ensure smooth and efficient operations

Responsibilities

To achieve the desired results, the Chief Financial Officer will be expected to do the following:

Planning

• Monitor and direct the implementation of strategic business plans
• Work with the Executive Director on the strategic vision including fostering and cultivating stakeholder relationships on country and regional levels, as well as assisting in the development and negotiation of contracts.
• Manage the capital request and budgeting processes
• Develop performance measures that support MBC Africa’s strategic direction
• Assist in performing all tasks necessary to achieve the organization’s mission and help execute staff succession and growth plans.

Operations

• Participate in key decisions as a member of the executive management team
• Manage the accounting, investor relations, legal, tax, and treasury functions
• Oversee the financial operations of MBC Africa offices
• Implement operational best practices
• Assess the benefits of all prospective contracts and advise the Executive Team
• Provide the Executive Director with an operating budget. Work with the Executive Director to ensure success through cost analysis support, and compliance with all contractual and programme requirements. This includes: 1) interpreting legislative and programme rules and regulations to ensure compliance with all country and regional guidelines, 2) ensuring that all government regulations and requirements are disseminated to appropriate personnel, and 3) monitoring compliance.
• Ensure adequate cash flow to meet the organization’s needs
• Oversee Accounts Payable and Accounts Receivable
• Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.

Financial Information

• Oversee the issuance of financial information
• Report financial results to the Board of Directors
• Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational and contract/grant budgets.
• Participate in developing new business, specifically: assist the EXECUTIVE DIRECTOR in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective service delivery.

Risk Management

• Understand and mitigate key elements of MBC Africa’s risk profile
• Construct and monitor reliable control systems
• Ensure that MBC Africa complies with all legal and regulatory requirements
• Ensure that record keeping meets the requirements of auditors and government agencies
• Report risk issues to the Board of Directors
• Maintain relations with external auditors and investigate their findings and recommendations
• Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass audits
• Develop and maintain systems of internal controls to safeguard financial assets of the organization. Oversee the coordination and activities of independent auditors ensuring the preparation of the annual financial statements is in accordance with GAAP and other required supplementary schedules and information.

Funding

• Monitor cash balances and cash forecasts
• Arrange for debt and equity financing
• Invest funds
• Participate in developing new business, specifically: assist the Executive Director in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective service delivery
• Represent MBC Africa on AfricSeed VC Fund Investment Committee

Documents to elaborate and submit to Executive Director

· Yearly projections and reports

· Weekly cash-flow plans

· Weekly accounts statements

· Commented monthly financial statements (tables and graphics)

· Monthly statement of recoveries and receivables

· Monthly debt payments statements

· Comparative monthly report (forecast / production, evolution of income and expenses)

· Bank Reconciliation

· Analytical and financial report on production

· Personnel expenses payments statements

How to Apply

Send applications to [email protected]