Brewer Morris has been retained by a commercial bank to appoint a Chief Financial Officer, based in Harare, Zimbabwe. The bank offers a wide range of products, including treasury-related products, lending, foreign exchange, and transactional banking.
The Chief Financial Officer will provide strategic, tactical, and operational financial leadership to the Executive Committee, CEO, and Board by optimizing people, processes, and systems. They will coordinate the formulation and tracking of strategy through financial inputs, processes, and outcomes, reforecast the bank’s financial performance, and ensure the strategy remains coherent and effectively communicated throughout the organisation. The CFO will be responsible for strategic and tactical financial measurement and reporting with both internal and external stakeholders and will provide strong leadership to the finance team in-country, working to strengthen both historic and forward-looking financial reporting.
Duties and Responsibilities
Responsibilities
Coordinate the formulation and tracking of strategy, planned and reforecast financial performance for the bank and ensure that the strategy remains coherent and well disseminated to the business. Assist the CEO in tracking and monitoring business performance towards the committed financial targets and continuously challenge the performance of business segments on ways to enhance overall business performance. Advise the Board and EXCO on matters of business performance in the scope and context of financial management for the bank as well as other areas of business performance. Design and deliver data-driven insights on competitor activity, market share, segmental and product performance, as well as branch activity. Provide strong leadership to the country Finance team in line with the bank’s values, as well as ensuring clearly articulated OKRs and regular monitoring and performance management is in-hand. Work with finance team members to strengthen end to end reporting Ensure smooth external audit cycles with external auditors by informing and confirming scope on material audit matters and key risks of misstatement, as well as understanding and delivering on their needs timely. Ensure the effective design of finance processes and controls. Design and implement proactive cost and resource allocation, management and setting mechanisms throughout the organisation, ensuring that any changes to targets as well as breaches of targets are flagged and managed actively. Ensure the appetite-setting for capital risk, and the management of the bank's optimal capital structure, including debt/equity levels and optimizing the cost of capital. Ensure that capital allocation is optimised in the manner in which new projects are prioritised and through support of activities affecting balance sheet structure.
Qualifications and Experience
The Candidate
Qualified Accountant ( ACA / CPA ) Strategic approach with focus on the ‘big picture’ but a pragmatic approach to handling issues In-depth business awareness and thorough understanding of financial services sector and risk policies and procedures Experience of managing relationships at executive level Professional knowledge of external and internal communications disciplines Experience of working in a multinational, multi-segment, environment with matrix reporting. Awareness of cultural differences and varying legal/regulatory environments. Financial analysis and strategic, critical thinking skills Actively engaged listener with well-practiced decision-making analytical skills Strong planning, organisation, implementation & co-ordination skills Strong analytical skills and a high level of business acumen, sound judgement & proven problem-solving skills High intelligence, absolute discretion & integrity
Applications are welcomed from overseas candidates who are seeking a move to Zimbabwe. The role offers a generous fixed compensation package, including accommodation, children's education fees, and an annual bonus.
