Vacancy Announcement

Job Title: Regional Finance Head

Reports to: Finance Department Head

Based in: Jigjiga

Salary:  Based on the Institution’s competitive scale

Application Deadline : December 06, 2021

Who we are?

Rays Microfinance Institution Share Company (RMFI) is a Microfinance Institution established in accordance with the Micro financing business proclamation No. 626/2009 at the National bank of Ethiopia to provide financial services to the productive poor in urban and rural areas of Ethiopia.  

Job Description

•  Focus on Financial Analysis and Interpretation of Financial management in collaboration with its Staff at Regional Coordination Office.
• Supervise and evaluate the performance of Finance Department Staff Team Continuously at Regional level.
• Give Direction to the Finance Department in general at regional level.
• Collecting, interpreting, and reviewing financial information for end users of the Financial Reports.
• Collected all the Financial Document from Bothe Branches and analysis the transaction
•  Follow the process of All Transaction Posting to Core banking System daily for all branch transaction.
•  Monitor the day-to-day financial operations within the Branch Office in all Regions, such as payroll processing, facilitating invoicing, Control Savings and Cashes and other transactions.
•  Working closely with the Regional Operation, logistics, HR Manager and Finance Manager at Head Office Level.
•  Plan and organize for branches budget preparation; and coordinate the reviewing and approval process and forward to Head Office. 
•  Follow-up budget revising process whenever necessary and control the budget by preparing and submitting periodical budget versus actual reports.
• Control Branch financial department employees, including financial assistants and accountants.
•  Collect All Financial Document from Branches and done at regional office level and Forward to Head Office with explanatory expenditure summery.
•  Analyse the Financial Document in terms of Debit and Credit and also in terms of Account Name and GL Account Number.
• Check all the Financial Document supported adequately by CPV, Original Supplier Invoice, Agreement, WHT, Trade License and etc.
•  Follow-up budget revising process whenever necessary and control the budget by preparing and submitting periodical budget versus actual reports.
•  Manage liquidity of the branch & propose a remedy according to the finding.
• Prepare & submit periodical reports like monthly activity and financial reports to Head Office.
• Arrange, assist and support internal, external, NBE auditors during the audit examination and rectify the findings timely.
•  Motivate, guide and supervise, employees’ attitude, on time coming, task and the overall environment of the Department at regional level.
•  Control Organization Fixed asset adequately with Tag Number and Location.
•  Authorizing/approval of postings (throughout the month).
•  Follow the process of Update and implement all necessary policies, practices, manuals and procedures.
•  Engaged and participate in the year end audit Process and Preparing Financial Statement with IFRS for External Auditor Purpose.
• Review the month end trial balance and report for abnormality and communicate to head office.
•  Plan and organize for the RAYS MFI budget preparation; and coordinate the reviewing and approval process. 
•  Prepare monthly and quarterly Activity report, financial report, to Head Office.
•  Performs other related activities as may be assigned by head office Finance Manager.

Job Requirements

•  Master’s degree in Accounting and Finance fields with 6 years+ of demonstrated experience. OR
•  Bachelor’s degree in Accounting and Finance fields with 8 years of demonstrated experience.
• Proficient in English, Somali and Amharic language, both written and verbal communication.
• Banking Experience will have extra Advantage.
• Required Skills
• MS Words; Theoretical and practical experience.
•  MS Excel; Theoretical and practical experience.
• Very. Good ability of navigating internet.
• Core Banking System Software is an added advantage

How to Apply

Interested and qualified applicants who can fulfill the requirements are invited to send application letter, CV, Education and work experience documents through,  Email : mahmoud@raysmfi.com .