VP Finance

Organization
BURN Manufacturing USA LLC
Location
Ruiru, Kenya
Job Type
Full-time
Deadline for Applications
09/30/2017
Contact Information
recruitment.kenya@burnmfg.com
Tags
Full-time

You, as our ideal VP Finance/CFO candidate, are someone who cares deeply about BURN’s mission. You have deep financial and management expertise and are excited about being hands-on, without getting lost in the weeds. You are a problem-solver, a direct and candid communicator, and a thoughtful change agent. You are a natural manager, able to guide our financial strategy and management while working in a complex, constantly changing and resource-constrained environment. You are able to provide clear, consistent financial leadership to inspire excellence with your team, building a sense of shared values and goals.

As part of our lean 5-person senior management team – and as one of the closest advisors to the CEO and global leadership team – you will play a key role in shaping the future of our organization as it grows from our current manufacturing hub in Kenya to multiple hubs across Sub-Saharan Africa.

You will oversee the company\’s financial systems, fundraising and investor relations with the following specific responsibilities:

Strategy & Planning:
•       Assist in formulating the company\’s growth strategy and supporting related tactical initiatives
•       Monitor and direct the implementation of financial elements of business plans
•       Develop financial and tax strategies
•       Lead budgeting, forecasting, and financial modeling efforts
•       Manage the annual budgeting processes and quarterly forecasts
•       Develop performance measures that support the company\’s strategic direction
•       Work with tax consultants to develop strategies for expansion and intercompany relationships

Operations:
•       Leadership of the Kenya Finance Department and, as they are launched, leadership of BURN finance teams across Sub-Saharan Africa
•       Participate in key decisions as a member of the executive management team
•       Provide strategic direction and oversight on the accounting and financial day to day operations ensuring that processes are robust and being executed correctly by the team.
•       Carry out periodic reviews of the financial operations and linkages with other departments and recommend and implement changes and improvement.
•       Establish and maintain scalable financial systems, processes and policies

Financial Reporting
•       Review all month end reporting from finance managers and oversee the issuance of financial information
•       Create reporting formats that are appropriate and specific for each set of key stakeholders (i.e. BoD, lenders, equity investors, other third parties)
•       Present financial information and new strategic plans and progress on ongoing projects to the board of directors

Compliance & Risk Management:
•       Create, and regularly update, a risk profile for the company
•       Understand and work with finance managers to mitigate key elements of the company\’s risk profile
•       Construct and monitor reliable financial controls
•       Ensure that the company complies with all legal and regulatory requirements and all required audits and tax returns are completed and filed timely
•       Report risk issues that are identified to the board of directors
•       Investigate any findings and recommendations that come from audit reports, or other reviews carried out by third parties

Treasury Management
•       Monitor cash balances and cash forecasts
•       Analyze working capital needs of the company and work with third parties to secure facilities
•       Work with department managers on preparing monthly cash flows and feeding these back into detailed cash flow projections to provide real-time information

Fundraising
•       Ensure that the company has appropriate capital structure and sufficient funds to achieve its goals
•       Maintain relationships with local and international lenders
•       lead international debt and equity fundraising efforts, managing process for the preparation of IM to disbursement
•       initiate in-country fundraising efforts for debt from local banks
•       Represent the company with investment advisers and investors

HR, IT and Legal

•       If appropriate, the candidate may take over management of the HR, IT and/or Compliance Departments

Qualifications and Competencies

Required
•       3-year Finance experience outside East Africa
•       Bachelor degree specializing in Finance or Accounting
•       Strong leadership and management skills
•       Proven financial and treasury management skills
•       High level of oral and written communication skills
•       Demonstrable experience in leading organizations to profitability
•       Working knowledge of accounting systems
•       Fluency in English

Preferred
•       MBA
•       CPA
•       3+ years Africa or frontier-market experience
•       3+ years of progressively responsible experience in a Finance Department
•       Start-up experience
•       Corporate structure experience

Compensation:  To be Discussed
CVs to be sent to recruitment.kenya@burnmfg.com

Additional Information

BURN Manufacturing Co. designs, manufactures and distributes aspirational fuel-efficient cooking products that save lives and forests in the developing world. BURN is the leading cookstove company in sub-Saharan Africa and has revolutionized the global cookstove sector by proving the business case for selling high quality, locally manufactured and unsubsidized cookstoves. Since 2013, BURN has sold 300,000+ jikokoa ™ stoves in East Africa. These stoves have helped 1,500,000+ beneficiaries save $52 million in fuel expenditures and 1,156,221 tons of wood while reducing indoor air pollution by 65%. BURN currently sells ~15,000 stoves per month and are on track to double sales over the next 12 months.