CHIEF FINANCIAL OFFICER
Closing Date:
Friday, June 19, 2020
Location of the Job:
Letshego Bank Namibia, Windhoek
Reference Number:
N/A
CHIEF FINANCIAL OFFICER
Date of issue: 02 June 2020
Start date of position: 01 September 2020
Position is tenable at: Letshego Bank Namibia
Job Description
Position: CHIEF FINANCIAL OFFICER
Reports To: CHIEF EXECUTIVE OFFICER
“the functions and responsibilities listed in the job description are not exhaustive and may be changed at any time, depending upon the operational requirements of the employer, and within the parameters of the post held by the employee”
Purpose of the Job:
To provide strategic input, and influence direction and policy to lead the Financial Services Division of Letshego Holdings (Namibia) Ltd and its subsidiaries – Letshego Bank (Namibia) Limited and Letshego Micro Financial Services (Pty) Ltd, to ensure statutory compliance and reporting, and optimal capital and balance sheet management in order to create shareholder value.
Key Accountabilities:
1) Participate in the development of the Group strategy and leadership as part of the executive team.
2) Formulate the financial strategy aligned to the business strategy and translate it into action plans.
3) Provide a financial input to and advice to business unit Heads to assist them in their strategy development, financial reporting, tax, remuneration structures and costing.
4) Monitoring of key strategic initiatives and the impact on the business' financial performance.
5) Manage and co-ordinate the development and execution of financial strategic objectives and initiatives for the Letshego Holding Company
6) Identify local, regional and national issues, which could have a financial impact on Letshego Holdings and develop appropriate strategies to address these issues.
7) Analyse appropriate statutory reporting legislation and develop and implement aligned financial reporting systems and procedures in the Group.
8) Manage financial regulatory compliance with Bank of Namibia, NAMFISA and Namibia Stock Exchange requirements and approve related payments to ensure the Group acts in accordance with law and regulation.
9) Ensure compliance with all financial reporting for the Group
10) Analyse and present consolidated financial information to CMC monthly and the Board of Directors (Quarterly) to assist them to execute their functions, including the majority shareholder,
11) Engage investors and provide them with information to retain and attract investments.
12) Act as chairman on the procurement committee to ensure decisions are compliant with budgets, rules and regulations.
13) Act as Treasurer, chairman of ALCO and the investment committee to optimise the balance sheet profitability.
14) Execute line management of staff to ensure effective performance and the establishment and maintenance of a high performance and learning culture.
15) Ensure the compliance regarding tax reporting and related efficiencies.
Knowledge and Experience Required of Job Holder:
1) Grade 12, 25 points
2) Chartered Accountant with at least 10 years of experience in both private and listed environment of which at least 3 years should be in the banking environment on a senior management level.
3) Sound knowledge of commercial banking operations and products.
4) Strong credit assessment and risk management skills.
5) In-depth knowledge of regulations and legal procedure relating to banking.
6) Strong interpersonal and persuasion skills
7) Strong decision making abilities.
8) Strategic thinking and business acumen
9) Presentation skills
10) Impact and influence
11) Ability to lead a strong team and manage multiple disciplines.
Additional Information:
Arising from the above, job holder will need to be willing and be able to speak on the topic of Financial Management at conferences and the like which will enhance both personal and institutional reputation.
Multi-cultural awareness and the ability to interact with a wide range of differing levels and sectors of society, social and business, is an essential characteristic of the person holding this position.
Dimensions as at date
1) Subordinate business Locations: Windhoek, Namibia
2) Number of Reports:
Direct: 2 , Indirect:
Closing date for applications: 19 June 2020
Apply to (email address): na. [email protected]
Standard Disclaimer: Only shortlisted candidates will be contacted