Head of Finance

About ENGIE Energy Access (EEA)

ENGIE Energy Access is a leading Pay-As-You-Go (PAYGo) and mini-grids solutions provider in Africa, with a mission to deliver affordable, reliable and sustainable energy solutions and life-changing services with exceptional customer experience. The company is a result of the integration of Fenix International, ENGIE Mobisol and ENGIE PowerCorner; and develops innovative, off-grid solar solutions for homes, public services and businesses, enabling customers and distribution partners access to clean, affordable energy. The PAYGo solar home systems are financed through affordable installments from $0.14 per day and the mini-grids foster economic development by enabling electrical productive use and triggering business opportunities for entrepreneurs in rural communities.

With over 1,700 employees, operations in nine countries across Africa (Benin, Cote d’Ivoire, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda and Zambia), over 1 million customers and more than 5 million lives impacted so far, ENGIE Energy Access aims to remain a leading clean energy company, serving millions of customers across Africa by 2025.

www.engie-africa.com

www.linkedin.com/company/engie-africa

 Job overview

The Head of Finance will manage all financial obligations of ENGIE Energy Access Mozambique and will provide strategic business guidance to further develop ENGIE Energy Access Mozambique a financially sound organization. The Head of Finance will provide strategic business planning and supervise / conduct all financial operations for ENGIE Energy Access Mozambique.

At EEA, we have high expectations for our managers. Each manager plays a key role in creating an exceptional experience not only for our customers but for every person on our team. Our managers help EEA realize our ambitious goals while developing their own leadership skills and facilitating growth for their direct reports. 

We believe that great managers:

• Deliver ambitious results: As a high-performing and accountable leader, you create an enabling environment for effective action and bold decision which contribute to successful delivery of results.
• Act with integrity: As an ethical leader you are honest, respectful, objective, and transparent. You create and build upon a foundation of trust and openness.
• Inspire and mentor the team: As an inspirational leader you walk the talk. You empower and coach your team with trust and humility.
• Are accessible: as an accessible leader, you develop and maintain deep connections with stakeholders through approachability and active listening.
• Ensure diversity and inclusion: as an inclusive leader, you ensure diversity and foster a sense of belonging.

Main Roles and Responsibilities

Vision and Purpose

• In collaboration with the management team, develop the strategic vision for the country including fostering and cultivating stakeholder relationships at the provincial and national levels.
• Directs the development of strategic, fiscal and interim plans for the country and collaborates with the Country Director and management team in approving all plans including local capital expenditure proposals.
• Serves as a member of the Executive Committee to develop goals and objectives.
• The Head of Finance will represent the company in matters dealing with banking, insurance, and interactions with external financial and potential partnership parties on behalf of the company.

Leading Change

• Transform the current finance organization from a reporting organization to one which develops, advises and drives value creation. 
• Engages and creates buy in of the key stakeholders in value creation opportunities within the business.
• Optimize current financial monitoring and management processes.

Financial Management

• Provide reliable and accurate financial and management advice leading to the expeditious analysis and resolution of financial and commercial aspects of the business.
• Together with the management team, review business performance, market analysis, or other actions as appropriate.
• Direct the entire range of activities in finance to ensure that reporting and accounts preparation is completed in a timely and efficient manner
• Analyse financial reports following the Group standard financial projections and ensure compliance with group standards, processes and policies at all times.
• Ensure that supply and purchase contracts are reviewed from a financial and legal perspective in order to minimise or negate financial and/or legal liability exposure.
• Ensure an efficient cash management limiting the fx exposure

Reporting & Balance sheet management

• Timely and accurate reporting – provide management with timely and accurate reports which are reliable & relevant for decision making. The reports are: -
  • Monthly Financial management reports
  • BvA presentation by the 6th of the following month.
  • Annual IFRS statements.
• Timely analysis of all GL accounts including stocks reconciliation by the 5th of the following month.
• Accurate/reliable financial reports. Error margin lower than 5% of net profit
• Complete report of the open items and required action by the 17th of the following month. Target Zero open items.
• Reconciliation of intercompany books.

Working Capital & Treasury Management

• Accurate and timely planning and updates on Cashflow, update by Monday 1pm of the following week.

• Creditors’ management - Ensure 10% of creditors should not exceed 90 days. Debtors should be as per approved policy, over dues should not exceed 5%
• Cash flow planning ensuring bank facilities are within limits. 100% compliance. No unplanned overdrawn accounts or default in loan payments

Projects

• Ensure proper project appraisal & approval process. Actual project economics results deviation < 10%.
• Continuous project monitoring Capex vs. budget review. Unapproved variance or overruns < 10%.
• Ensure project returns monitoring upon commissioning to ensure maximum return on investment.
• Projects Post implementation review within 1 month after the project is commissioned.

Tax planning and compliance

• Ensure compliance with revenue/tax authorities. Nil penalties/interest payments.

Budgeting and Financial Planning

• Lead and direct the entire budgeting exercise
• Lead budget reviews and forecast during the year to ensure the company remains focused and aligned with the targets set in the budget
• Ensure that the budgeted EBIT is achieved to realize the agreed profitability targets

Cost Management

• Lead and direct efforts to reduce cost and control expenditure
• Constantly monitor the market with the operational teams to identify opportunities for reducing cost of operations

Internal Controls and Audit

• Liaise and coordinate with external auditors ensuring that audit activities are carried out accordingly within the required timeframe
• Develop necessary internal control procedures to increase efficiency of operations and minimize business exposure
• Constantly review internal control procedures to ensure they are updated and properly adapting to business requirements
• Ensure compliance with URA and applicable local regulatory laws and rules for financial and tax reporting

Leading People

• Be an effective relationship builder at all levels, both internally as well as with external partners
• Hire, develop, sustain and lead a successful technically focused team
• Responsible for selection, training, development and termination of all Country finance and accounting staff. 

Procurement and Administration

• Manage the deliverables of Procurement & Administration, and ensure compliance with relevant policies, processes and procedures.

Knowledge and skills Experience:

• A minimum of 10 years experience in financial management.
• In-depth knowledge of accounting software, corporate principals, and financial analysis.
• Excellent communication and interpersonal abilities.
• An analytical mind with good organizational skills.
• Outstanding leadership skills.

Qualifications:

• Bachelor’s degree in accounting or finance, and relevant field/ Full ACCA/CPA
• Masters Degree in accounting or finance will be an added advantage

Language(s): 

• English
• Portuguese

ENGIE is an equal opportunity employer, promoting diversity and committed to creating an inclusive environment for all. All applications are screened based on business needs, job requirements and individual qualifications, without any regard to origin, age, name, sexual identity, orientation or preference, religion, marital status, health, disability, political opinions, union involvement or citizenship. Our differences are our strengths!