Head of Finance (Local Hire)

Background

The Alliance for Financial Inclusion (AFI) is the world’s leading organization on financial inclusion policy and regulation comprising central banks, ministries of finance and other financial regulators from developing and emerging countries. The member institutions are working together to increase access and usage of appropriate financial services for marginalized people. At present, the AFI network consists of more than 100 member institutions representing 90 countries. AFI day to day operations are managed by a Management Unit that is head quartered in Kuala Lumpur, Malaysia.

AFI is run by a management unit (AFI Management Unit) that provides a portfolio of value-added services for members to facilitate knowledge exchange and drive smart policy reform.  


Main Duties and Responsibilities

The Head of Finance is a Management Team member and lead a team of finance personnel/ accountants and responsible for the provision of an expert financial management service to business units. S/he is also responsible for the management and development of a team of finance personnel and work closely with the COO and management team in the delivery of corporate tasks and objectives. 

Duties and responsibilities include: 

Financial Reporting

  • To lead a team of finance personnel and be responsible for the financial management and coordination of all reporting activities for the organization and ensure timeliness, accuracy, and usefulness of financial and management reporting that meets international reporting and standard requirement, Board of Directors’ review, Heads of departments and relevant stakeholders, where applicable. 
  • Ensure legal and regulatory compliance regarding all financial functions, where applicable.
  • Review the periodic analysis and various financial / quantitative reports on organisation and/or programmatic services and red flag risk areas to senior management. Provide monthly reports to Executive Team i.e. operational budget and cash/liquidity position
  • Establish continuous improvement directives focused on using IT as a competitive advantage.
  • Facilitate and/or lead special projects or develop and/or review financial / business model by working with management team, finance personnel or any other functions, on project basis or ad-hoc. 
  • Review, analyse and provide inputs during corporate planning and budget exercise; support business units in budgeting process and monitoring 
  • Develop and oversee long-term budgetary planning, costs management and financing strategies in alignment with AFI’s strategic plan.
  • Review and/or develop pricing models which are acceptable by various stakeholders.
  • Preparation and facilitation of Budget & Finance Committee Meetings, attend board and/or other sub-board meetings, as well as providing support to Executive Team and management, as and when required. 
  • Participate in evaluating and developing new funding proposals business, specifically: identifying new opportunities, develop financial models/budgets, and determining cost effectiveness of prospective service delivery.
  • Undertake any other duties as directed by the Executive Team 

Operational Reporting

  • Serve as a business partner to the management team and ET in assessing organizational performance against both the annual budget and the long-term strategy.
  • Develop tools and systems to provide critical financial and operational information to various stakeholders and provide actionable recommendations on both strategy and operations.  Coordinate and interact with management team to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations. 
  • Ensure adequate controls are put in place in various key functional processes and that substantiating documentation is approved and available such that all key functional activities may pass internal and compliance/statutory audits.
  • Establish and implement short- and long-range departmental goals, objectives, policies and operating procedures.
  • Mentor and develop finance personnel to ensure overall management including but not limited to managing work allocation, training, problem resolution, performance evaluation and the building of an effective team dynamic.
  • Lead, undertake or support all corporate initiatives necessary to achieve the organization's mission and help execute staff succession and growth plans. 
  • Ensure compliance with an increasing number of grant agreements with donors (oversight of financing of activities from different funding sources).

Treasury Management 

To assess, monitor, plan and manage the efficient utilization of cash and working capital in a manner consistent with the objectives of AFI, and these include but not limited to :-

  • Understand, manage, and supervise all aspects of cash flow. 
  • Forecast monthly cash requirements and execute monthly working capital readiness. 
  • Oversee and/or manage all aspects of In-house investment portfolios. 
  • Manage long-term and short-term investment strategies. 
  • Assess, review and recommend to management the suitable goals and risk tolerance. 
  • Assess performance benchmarks and recommend changes when warranted. 
  • Review and recommend changes to the investment policies based on the market conditions. 
  • Prepare or monitor organisation’s various cash flow forecasts and perform financial modeling. 
  • Understand and manage appropriate accounting procedures and processes. 
  • Manage relationships with financial service providers. 
  • Monitor bank service fees and address quality issues. 
  • Recommend, implement and maintain process improvements.  

IT Services 

Oversee and manage the administration of information technology and related system, including but not limited to:

  • Plan, organize, control and evaluate IT and electronic data operations 
  • Manage IT staff and/or third party service provider and ensure service level agreements are met. 
  • Design, develop, implement and coordinate systems, policies and procedures
  • Ensure security of data, network access and backup systems
  • Act in alignment with user needs and system functionality to contribute to organizational policy
  • Identify problematic areas and implement strategic solutions in time
  • Audit systems and assess their outcomes
  • Preserve assets, information security and control structures
  • Handle annual budget and ensure cost effectiveness 

 

Qualifications & Soft Skills 

  • Registered Chartered Accountant with minimum 10 years of managerial experiences, leading a team of finance professionals.  
  • Good command of the English language; excellent collaboration, verbal and written communication skills. 
  • Experience with financial management systems and continuous improvement plans. 
  • Timeliness and able to work under pressure to meet deadlines.
  • Attention to detail and accuracy. 
  • Advanced analytical, organization, and interpersonal skills. 
  • Advanced spreadsheet and modeling skills. 
  • Experience in simplifying and standardizing work, control and reporting processes will be distinct advantage.
  • Well developed network, influential and interpersonal skills to gain support, gather and distribute information.
  • Able to break down problems into meaningful parts and come to rational and well-thought out conclusions. 
  • Demonstrated strong project management skills. 
  • Willing to adapt quickly to quick changes in direction. 
  • Internally motivated to seek out answers, generate ideas, develop new skills and interested in process improvement. 
  • Proven capability and ability to manage multiple and conflicting priorities.
  • Self-starter with strong leadership and influencing capabilities. 
  • Ability to coach, challenge, and influence by effectively interfacing with people from all disciplines.

 


How to apply

Interested applicants please send your CV with expected salary and Cover Letter to talent@afi-global.org

Closing Date :   20 May 2019