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Yehu Microfinance was founded as a Trust in 2007 and is focused on the provision Rural Financial Services in the Coastal Region of Kenya with its Head office at Mombasa.
With slightly over 28,000 members, it has adapted Grameen Model which complements its unique sub-branch framework well and has ensured enhanced access of financial services to its targeted market niche.
The responsiveness of Yehu Microfinance Trust to its valued clients is manifested through a variety of products offered, with tailor made features to suit its lower income segment of the market typically earning two to three US Dollars per day.
Yehu Microfinance Trust has been growing steadily and is now seeking radically accelerated growth.
The Board of Trustees is looking for a mission-focused, seasoned, strategic, and process oriented financial management leadership.
The leadership must be with experience scaling organization, offering proactive expertise in the financial function commensurate with the expectations of the growing institution.
The CFO is a senior position in the organization reporting to the CEO and shall be responsible for both the strategic and operational aspects of financial planning and management.
Key Roles of Chief Finance Officer
Business Leadership - Entails the CFO assisting in determining policy, program and outcome strategies.
This shall be through provisions of strategic and operational performance reporting and analysis, including both perspective and prospective information and a framework for continuous corporate planning, forecasting and cost reporting.
Business Management - Role includes provision of a comprehensive service to other users of the finance function using analytical techniques as well as analysis of internal financial information and budgets.
Performance Management - Role is to ensure that financial policies and guidelines are complied with and that the quality and timeliness of financial information and reporting is assured.
The CFO role shall also include the support of the performance management system that links both qualitative and quantitative key performance indicators to the strategies and outcomes of Yehu Microfinance Trust.
Specific Responsibilities
- Ensure the continued financial sustainability Yehu Microfinance Trust in its core business of provision of financial services to the socio-economically marginalized entrepreneurs through sound fiscal management.
- Provide pragmatic leadership and input for strategic planning processes with CEO
- Ensure that all program activities operate cost effectively, consistently and ethically within the mission and values of Yehu Microfinance Trust.
- Prepare and submit an annual operational plan to the CEO for further consideration, management within the approved budget, and report accurately as well as timely on progress made and challenges encountered.
- Ensure compliance with any and all requirements for partnerships, financial institutions and regulatory bodies.
- Maintain good financial systems, processes and procedures in accordance to the best professional practice.
- Interpret, analyze and present financial related information to facilitate understanding of options to resolve complex problems and take available opportunities.
- Familiar with the best practice in the microfinance industry as well as IFRS, CGAP reporting guidelines, IAS etc. for preparation of management and statutory financial reports.
- Contribute to strategic initiatives, promote internal control framework and provide financial advice within the organization.
- Facilitate consultative and collaborative development of annual plans and budgetary provisions.
- Organizational reporting and monitoring.
- Any other function as requested by management
Qualifications and Experience.
- Masters (Added Advantage and preferably in Business Administration) with an undergraduate degree in accounting and finance or related field.
- Certified Public Accountant (K), at least TWO years post qualifications. A registered ICPAK member is an added advantage.
- Experience of not less than 3 years in a related senior position within a busy Accounting environment preferably in a Microfinance sector.
- Demonstration of proficiency in accounting packages and general office practice applications.
- Demonstrated ability to prioritize and handle multiple on-going assignments under minimum supervision and delivery schedule within an environment of conflicting deadlines and interests.
- Not less than 30 years of age.
Terms of Employment: A three year renewable contract and specific terms and conditions of service are negotiable as guided by demonstrated expertise in financial management, competence and level of academic and professional qualifications.
Address application with updated CV, supportive copies certificates and testimonials to reach the undersigned on or before 6th March 2015
The application should be in soft copy to the email address below.
The Chief Executive Officer
Yehu Microfinance Trust- Head Office.
P.O Box 82120-80100
Mombasa.
Email: info@yehu.org
