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Head of Finance at Mwananchi Credit Ltd

Mwananchi Credit Ltd
Full-time
On-site
Role Overview

Overseeing all financial aspects of the organization and ensuring its long-term financial sustainability. The role involves developing and executing financial strategies that support the company's strategic objectives, maintaining robust financial controls, and providing accurate financial insights to guide decision-making.

The Head of Finance leads the finance team in budgeting, forecasting, reporting, and compliance functions, ensuring that financial operations are efficient, transparent, and aligned with regulatory standards. This role also plays a key part in risk management, investment planning, and resource allocation to optimize the organization's financial performance.

In addition to managing internal financial processes, the Head of Finance serves as a strategic advisor to senior management and the board, contributing to business growth, profitability, and operational excellence.

Key responsibilities

Financial Strategy and Leadership


Develop and implement the organization's overall financial strategy aligned with corporate goals.
Provide financial leadership and guidance to the executive team and board of directors. Forecast short-term and long-term financial performance and advise on financial planning.
Drive strategic initiatives to ensure sustainable growth and profitability.


Financial Planning and Analysis (FP&A)


Lead the budgeting and forecasting process across departments.
Analyze financial performance, variances, and key performance indicators (KPIs). Provide actionable insights to support data-driven decision-making.
Prepare and present detailed financial reports and dashboards


Financial Management and Control


Oversee day-to-day financial operations including accounts payable, receivable, payroll, and cash flow management.
Ensure accurate and timely financial reporting in compliance with accounting standards (e.g., IFRS, GAAP).
Monitor expenditure, cost control, and efficiency of financial processes.
Manage treasury operations and optimize liquidity.


Compliance, Risk, and Governance


Ensure compliance with all statutory and regulatory financial requirements.
Oversee internal controls, audits, and risk management frameworks.
Liaise with external auditors, regulators, and tax authorities.
Maintain corporate governance and financial integrity.


Leadership and Team Management


Lead, mentor, and develop the finance team to achieve departmental goals.
Promote a culture of accountability, transparency, and continuous improvement.
Collaborate with other departments to align financial practices with organizational


Stakeholder Engagement


Communicate financial results and strategies to senior management, board members, and investors.
Support fundraising, investment, and partnership initiatives.
Build relationships with banks, auditors, and other key stakeholders.


Systems and Process Improvement


Implement and enhance financial systems, tools, and automation to improve efficiency.
Drive digital transformation and data accuracy in financial reporting.
Review and optimize financial workflows and policies.


Skills and Competencies

Technical Skills


Financial planning, budgeting, and forecasting
Accounting and financial reporting (IFRS/GAAP)
Cash flow and treasury management
Taxation and compliance management
Risk management and internal controls
Financial systems and data analysis


Strategic Skills


Business and commercial acumen
Strategic financial planning and decision-making
Investment and cost optimization
Long-term financial sustainability planning


Leadership and Management


Team leadership and people development
Cross-functional collaboration and stakeholder management
Influencing and negotiation skills
Change management and organizational leadership


Analytical and Problem-Solving


Strong analytical and quantitative abilities
Ability to interpret financial data and provide insights
Sound judgment and decision-making under pressure


Technology and Digital Competence


Proficiency in ERP and financial software (e.g., SAP, Oracle, QuickBooks)
Advanced Excel and data visualization (Power BI, Tableau)
Understanding of digital transformation in finance


Interpersonal and Communication


Excellent verbal and written communication skills
Strong presentation and reporting ability
High level of integrity, ethics, and professionalism


Education and Experience.


Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field (required).
Master's degree in Finance, Accounting, or Business Administration (MBA) is an added


Professional certifications


Certified Public Accountant (CPA)
Association of Chartered Certified Accountants (ACCA)
Chartered Financial Analyst (CFA)
Certified Management Accountant (CMA)
Chartered Accountant (CA)
10+ years of progressive experience in finance, accounting, or related fields, with at least 5 years in a senior management or leadership position.
Proven track record in financial planning, budgeting, and analysis at a strategic level.
Experience in developing and implementing financial strategies that support business growth and sustainability.
Strong background in financial reporting, auditing, and compliance with regulatory
Demonstrated experience in managing teams, mentoring finance professionals, and building high-performance departments.
Exposure to risk management, treasury, and investment decision-making.
Experience working with executive leadership and boards of directors to provide.
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