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Chief Financial Officer (Treasury / Financial Management / Engineering)

Job Description: CA Mining Mining Review Africa
Seeking a Chief Financial Officer (CFO) with senior experience in the treasury department of a major project or mining project, and experience interacting with external financiers and ensuring the continuity of extended debt facilities. Working under the supervision of the Chief Executive Officer (CEO), the CFO will manage and report on the financial performance of the project company and all the contracts that have been entered in to construct, operate and finance the 90MW Thermal Power Plant.Key Accountabilities:Providing support to the CEO in preparing Annual Operating Plans.

  • Ensure compliance with all shareholder, lender and government agreements.
  • Develop a contract management framework to ensure all SPV obligations under relevant contracts are being monitored and complied with.
  • Prepare budgets and forecasts, and financial reports for management, shareholders and lenders.
  • Monitor performance of the project against the base case financial model and prepare regular updated financial models in accordance with reporting requirements in order to comply with senior loan covenants.
  • Manage relationship with the Agent Bank and the under the financing agreements and preparation of updated disbursement requests, etc.
  • Coordinate the drawdown of funds from lenders and equity investors.
  • Oversight and financial management of all project contracts:
  • Report to the CEO on progress under relevant contracts.
  • Monitoring of construction budget and contract progress under the EPC contract.
  • Monitoring and reporting on progress under key project sub-contracts.
  • Establish the community trust and other community initiatives with the Environmental, Social and Governance Manager and co-ordinate the financial management and performance reporting.
  • Prepare information for board packs; investor updates, investment committees; project updates and other ad hoc financial reporting information.
  • Treasury and cash management including foreign exchange exposure monitoring.
  • Liaison with and management of service providers.
  • Understand the Service Level Agreements (SLA) that have been negotiated.
  • Monitor delivery per SLA requirements and then ensure payments in line with agreed costs and services.
  • Advise and review finance-related matters (distributions, cash flows, finance issues, technical issues).
  • Working with the Technical Manager to ensure that:
  • required financial information is supplied to the technical teams, and to obtain relevant project information that will impact financial status of the companies;
  • Information required from contractors and advisors under the senior loan agreements is obtained in a timely manner and meets the necessary requirements.
  • Oversight and control of monthly payments to all suppliers and service providers.
  • Source and manage the following systems: GL system, reporting systems, economic development reporting systems, online banking systems and infrastructure.
  • Establish appropriate policies and procedures to ensure that the reporting systems are fit for purpose and are being utilised effectively.
  • Financial accounting and controls in the finance department.
  • Audit liaison and preparation of monthly, quarterly and annual financial statements.
  • Compliance with tax, legislative and statutory requirements for the project company.
  • Prepare and submit tax returns.
  • Monthly salary submissions.
  • Interface with and management of company secretarial provider.
  • Ensure compliance with all cosec and defined regulatory requirements notwithstanding that certain functions will be outsourced per SLA.
  • Understand the economic and social development commitments made and obligations on the companies under the CSR agreements.
  • Work closely with contractors and suppliers of the companies to ensure that the information required in order to prepare the economic and social development reports is obtained in a timely manner and meets the necessary requirements.
  • Prepare economic and social development reports for management, shareholders and lenders.
  • Preparation of economic and social development forecasts and budgets.

Requirements: Qualification and Skill

  • Master’s degree in business Administration (MBA), Economics, Finance or a related field
  • Professional qualifications such as CPA, ACA, ACCA, ACMA, CFA or equivalent membership to a relevant professional body
  • At least 10 years’ financial management experience of which five (5) must be at senior management level
  • Working knowledge of French (advantageous)
  • Strong financial management experience and skills
  • Demonstrable experience generating new investment coupled with strong investor relations experience and the ability to build and maintain strong working relationships with internal and external investor contacts at a senior level
  • Excellent analytical skills with the ability to link financial results to operational performance drivers and provide value add insights to the business
  • Strong negotiation and persuasion skills.