Chief Financial Officer (Directeur Financier)

Posting Code : RAF : 192223

Job Title                    : Chief Financial Officer       

Department               : Finance   

Reports To                : Chief Executive Officer     

Closing date              : 07/12/2025

SUMMARY

The Chief Financial Officer (CFO) is directly responsible for managing all finance, accounting, and general administration of FINCA DRC, and supervises its entire finance staff.  S/he will ensure that the finance activities of FINCA DRC will support FINCA DRC in pursuing its mission with a minimum of risk and a maximum of efficiency.  As a member of the Management Team/Board, s/he shares responsibility for the overall performance and activities of FINCA DRC and participates in making decisions on material issues.

ESSENTIAL DUTIES

1. Supervising, training, developing, hiring, dismissing Finance staff.

• • Supervise all finance staff of F/DRC. For finance staff located in branches, the CFO retains the “professional responsibility”, whereas the “administrative responsibility” is transferred to the branch manager.
  • Responsible for hiring/evaluating all finance staff (for branch employees: professional responsibility only; administrative responsibility is with branch manager), and their dismissal, if necessary
  • Assess the training requirements for the Finance Department as a whole and for its individual employees,
  • Develop a capacity building plan for the Department and its individual employees,
  • Preparation of staff to assume management positions
  • Conduct performance evaluations of the staff reporting to him/her and verify that the supervisory personnel also perform evaluations of their staff in a timely manner according to established procedures.

 

II.         Accounting and reporting.

 

• • Manage generation of financial statements according to local accounting standards
  • Manage generation of financial statements according to GAAP or IFRS and PCCI
  • Manage timely reporting to relevant local authorities (central bank, tax office, others)
  • Manage timely reporting to FIF
  • Manage timely reporting to creditors and donors.

III.        Conduct financial analyses.

• • Create/develop appropriate reports: financial ratios; liquidity report; currency gap report; various credit reports; breakdown by branches/regions; breakdown by products; plan-fact comparison; historic development; others as required/appropriate
  • Analyze financial data and develop financial analysis as a key management tool with the aim of optimizing F/DRC’s activities: identify risks, inefficiencies, negative tendencies, and propose measures that reduce risks, improving efficiency, reverse negative tendencies.

 

IV.       Creating/modifying regulations, procedures for finance activities.

• • Create/modify procedures such that they are low-risk and efficient
  • Analyze existing procedures for adequacy and making changes, if necessary.

V.         Compliance.

• • Ensure compliance of F/DRC’s finance activities with the Charter/bylaws of the affiliate; FINCA and affiliate policies, procedures, plans and agreements; decisions of affiliate governing bodies as well as headquarter and regional office supervisor(s)
  • Maintain good coordination with regional office, headquarters, and governing bodies
  • Ensure compliance of F/DRC with financial covenants in agreements with creditors and donors.

VI.       Treasury and liquidity management.

• • Create cash flow forecasts
  • Ensure availability of sufficient resources for lending in the required currency
  • Ensure investment policy follows ALCO guidelines (Asset Liability Committee) and FINCA International policy
  • Responsible for ensuring all financial conditions are met as required by creditors, banks, donors for all transactions.

VII.      Planning, budgeting (together with the Management Team).

• Manage the planning and budgeting process of F/DRC according to guidelines set by BoD and the Global CFO
• Participate in completion of business plans for expansion into new regions.

VIII.     Coordination of external audit.

• Act as the coordinator and main contact person with external auditors.

IX.       Coordination with IT.

• • Use possibilities of IT most efficiently
  • Propose modifications to IT programs/procedures that increase efficiency and/or lower risk.
  • In case of changes to the IT structure/software that affect finance activities, participate in a/the leading role in the investigation, decision making and implementation process of the new/modified structure/software.

X.        Participation in general management of FINCA DRC.

• • As a member of the Management Team/Board, participate in F/DRC’s general management as defined by the Charter and the Regulation on Management Team/Board
  • Be informed about all important activities and developments at F/DRC.
  • Keep all Management Team/Board members informed about relevant issues/developments in F/DRC’s finance activities and department.
  • Present relevant Finance issues to the Management Team/Board for information, discussion, decision making
  • Participate/vote in decision-making on relevant “Finance” and “Non-Finance” issues

XI.     To oversee and supervise the procurement process that includes purchase and maintenance of all fixed assets that should be carried out in compliance with FINCA policies

• Ensure maintenance of a comprehensive fixed asset register.
• Ensure purchase and maintenance of all fixed assets is carried out in compliance with donor and FINCA policies.
• Identify fixed asset needs, source them through the prescribed procedures, and develop a recommendation for approval as per the purchase policy.
• Carry out the logistics for the physical purchase of the item, after written approval, and ensure that taxes are not paid where legal exemptions are in place.

1. Carry out a survey of insurance policies and annually review all the insurance policies in line with the administrative procedures

• Ensure that fixed assets, liquid assets, personnel and other activities are insured in accordance with policy.
• Review all insurance policies annually and ensure proper purchasing procedures are followed in selecting policies.
• Ensure proper care and use of assets, and safe procedures are in place in all activities as the best insurance claims.
• Approve and submit all insurance against loss or damage.
• Oversee any life, accident, disability, or portfolio insurance programmes (i.e.: excluding the health insurance programme) maintained by F/DRC for the benefit of its clients.

Customer Service

Finance is also required to oversee proper cash management, to ensure that branches have enough money to disburse to clients as well as enforcing the right security measures to cash handling. These are critical elements for the reputation and trustworthiness of FINCA.

 SUPERVISORY RESPONSIBILITY      

The CFO is responsible for the direct supervision Finance department including Accounting, Reporting, Treasury and Administration.

QUALIFICATIONS

• Degree in Accounting with CPA/ACCA or Chartered Accountancy Equivalent required
• Degree in Accounting with CPA/ACCA or Chartered Accountancy equivalent required
• Masters Degree preferred.

EXPERIENCE

• Experience in commercial/retail banking: 8 years minimum, experience in credit: 5 years minimum,
• International experience desirable, exposure working in the region an asset,
• Extensive experience in best-practice financial management of a company, desirably a bank or other regulated financial institution, experience working for the big 4 audit firms an asset,
• Financial analysis-long/med/short term financial planning,
• Experience working with US GAAP or IFRS, PCCI, knowledge of local statutory accounting standards a plus,
• Demonstrated abilities in budget preparation and management, and general ledger management,
• Treasury management,
• Thorough understanding of operational risk of a financial institution,
• Proficient in MS Office suite, good understanding of IT issues and the role and possibilities of IT in financial management, familiarity with implementing and working with complex integrated management information and accounting systems (including database management),
• Experience working in microfinance is an asset, experience in setting up microfinance programs preferred, branch management exposure preferred,
• Exposure working in the region an asset, international experiences an asset.
• Extensive experience in best practice financial management of a company, desirably a financial institution.
• Exposure, and established interest, in working for poverty alleviation,
• Strategic planning exposure a must,
• Experience in cash flow projections and analysis of business models,
• Knowledge of local law and employment practices

SKILLS

Functional skills:

• Financial Management.
• Strong command of accounting software.
• Risk Management.
• High degree of computer literacy a must.
• Commercial orientation / business acumen.
• Administration Management
• Tax Planning
• Proven people management skills (with minimum of 5 direct reporting managers),

Managerial/professional skills:

• Managing performance of team.
• Planning and organizing skills.
• Decision-making skills.
• Negotiation, influencing skills.
• Analytical and Reporting skills.
• Interpersonal skills.
• Strong Communication skills.
• Adherence / compliance with procedures.
• Strong command of Microsoft suite.

COMPETENCIES             

To perform the job successfully, an individual should demonstrate the following competencies:

1. Visionary Leadership
2. Ethics
3. Strategic Thinking
4. Change Management
5. Delegation and Empowerment
6. Quality Management

• Visionary Leadership - Displays passion and optimism; Inspires respect and trust; Mobilizes others to fulfill the vision; Provides vision and inspiration to peers and subordinates.

• Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
• Strategic Thinking - Develops strategies to achieve organizational goals; Understands organization's strengths & weaknesses; Analyzes market and competition; Identifies external threats and opportunities; Adapts strategy to changing conditions.

• Change Management - Develops workable implementation plans; Communicates changes effectively; Builds commitment and overcomes resistance; Prepares and supports those affected by change; Monitors transition and evaluates results.

• Delegation and empowerment- Delegates work assignments; Matches the responsibility to the person; Gives authority to work independently; Sets expectations and monitors delegated activities; Provides recognition for results.

• Quality Management - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.

Other Competencies       

• Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs workflows and procedures.

• Design - Generates creative solutions; Translates concepts and information into images; Uses feedback to modify designs; Applies design principles; Demonstrates attention to detail.

• Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics. Good skill in negotiating issues and resolving problems
• Project Management - Develops project plans; Coordinates projects; Communicates changes and progress; Completes projects on time and budget; Manages project team activities.

• Technical Skills - Assesses own strengths and weaknesses; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.

• Customer Service - Manages difficult or emotional customer situations; Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance; Meets commitments.

• Interpersonal Skills - Focuses on solving conflict, not blaming; Maintains confidentiality; Listens to others without interrupting; Keeps emotions under control; Remains open to others' ideas and tries new things.

• Oral Communication - Speaks clearly and persuasively in positive or negative situations; Listen and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings.

• Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.

• Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives; Supports everyone's efforts to succeed; Ability to establish and maintain harmonious working relationships with customers, co-workers, staff, and external contacts, and work effectively in a professional team environment
• Leadership - Exhibits confidence in self and others; Inspires and motivates others to perform well; Effectively influences actions and opinions of others; Accepts feedback from others; Gives appropriate recognition to others.

• Managing People - Includes staff in planning, decision-making, facilitating and process improvement; Takes responsibility for subordinates' activities; Makes self-available to staff; Provides regular performance feedback; Develops subordinates' skills and encourages growth; Solicits and applies customer feedback (internal and external); Fosters quality focus in others; Improves processes, products and services.; Continually works to improve supervisory skills.

• Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.

• Cost Consciousness - Works within approved budget; Develops and implements cost saving measures; Contributes to profits and revenue; Conserves organizational resources.

• Diversity - Demonstrates knowledge of EEO policy; Shows respect and sensitivity for cultural differences; Educates others on the value of diversity; Promotes a harassment-free environment; Builds a diverse workforce.

• Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity.

• Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.

• Motivation - Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence; Takes calculated risks to accomplish goals.

• Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.

• Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.

• Quantity - Meets productivity standards; Completes work in timely manner; Strives to increase productivity; Works quickly.

• Safety and Security - Observes safety and security procedures; Determines appropriate action beyond guidelines; Reports potentially unsafe conditions; Uses equipment and materials properly.

• Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events.
• Attendance/Punctuality - Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.

• Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals.; Completes tasks on time or notifies appropriate person with an alternate plan.

• Initiative - Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Takes independent actions and calculated risks; Looks for and takes advantage of opportunities; Asks for and offers help when needed.

• Innovation - Displays original thinking and creativity; Meets challenges with resourcefulness; Generates suggestions for improving work; Develops innovative approaches and ideas; Presents ideas and information in a manner that gets others' attention.

Education & Experience                

• Master’s degree (or equivalent) in related discipline required.

Language Skills

• Excellent skill in effective verbal and written communications.  
• Fluency in English and French is required and knowledge of one of the Local Languages is a plus,
• Active listening skills and skills in presenting righting resolutions and recommendations for Stakeholders approval.

Reasoning Ability                        

• Strategic Thinking,
• Balanced between analytical and action oriented,
• Innovative,
• Strong management in volatile and uncertain scenarios. 

Computer Skills                        

• Broad understanding of core banking systems
• Broad understanding of new technologies and their impact on retail banking: mobile banking, internet banking.
• Computer skills, including word processing, spreadsheet, systems documentation, and ideally other business software to prepare workpapers, reports, memos, summaries, and analyses

KEY DELIVERABLES

Key deliverables for the position include:

1. Achievement of strategic goals such as: Creation and update of long term (5 years or longer) strategic business plans, closing of strategic partnerships, achieve long term risk mitigation goals.

1. KPIs including contribution to Big 5:

• Number of Borrowers
• Loan Portfolio volume
• Volume of the Savings Portfolio
• Quality of the Loan Portfolio
• Branch profitability

 

1. Direct responsibility for KPIs of the functional areas under his / her control.

• Accounting, Reporting ,Treasury and Administration Management
• Quality of the Customer Service
• People Management

KEY RELATIONSHIPS

1. With all functional Managers in the subsidiary
2. With other Management Board members; promoting a strong team spirit
3. With Subsidiary’s Board members
4. With FINCA Impact Finance Managers
5. With Professional bodies and Country Finance network
6. With top managers of organizations in the private sector (NGOs, for profit corporations) and public sector (Regulatory, Central Bank, Tax authorities, Judges, Ministers.). 

TRAVEL REQUIREMENTS

Availability to travel up to 20% of his / her time.

COMPETENCIES

To perform the job successfully, an individual should demonstrate the following competencies:

NB: Les Offres de FINCA DRC sont gratuites, aucun frais n'est exigé ni avant ni pendant et ni après le processus de recrutement. Le recrutement se fera sur place à Kinshasa, tout candidat ayant postulé en dehors de la ville devra se prendre en charge. Les candidatures féminines sont vivement encouragées.