Finance Director (Location Tanzania)

Zola Electric Arusha Tanzania Finance

Company Description

Uncover hidden opportunities to make a global impact. Zola Electric (former Off Grid Electric) is a growth-stage start up that’s on track to light a million homes in Africa over the next couple of years with clean, affordable solar energy. At the heart of our business is innovative solutions that delight our customers. We are looking for a Finance Director who is interested to move to Tanzania join our team in Arusha, to support our growth strategy in Africa, changing the lives of millions with our innovative products.

This may be your dream job if you’re someone who dreams of combining your knowledge and skills enabling Zola Electric to change the renewable energy landscape. You’ll also need to be passionate about bringing solar energy to off-grid and other underserved markets (billions of people around the world) with the unique social, technical, and business challenges that come along with it. You are inspired by the opportunity to unleash whole continents of human potential, and motivated to help build a truly epic business.

Zola Electric, through its consumer brand Zola, combines Silicon Valley technology with local expertise to offer African homes and businesses a long-term solar solution to an unreliable grid. Adaptable to both energy needs and income, Zola Electric’s solution can be bought over time through a leasing structure. The first few watts starts a chain reaction that enables people to achieve commonly held aspirations: security, education, access to information, and a longer and more efficient day.

Today, Zola Electric powers more than 100,000 homes and businesses across Tanzania, Rwanda and Côte d’Ivoire. Zola Electric’s investors include: SolarCity, Vulcan Capital, DBL Partners, The Packard Foundation, Helios Investment Partners, and responsibility. Zola Electric is the recipient of the 2016 UN Momentum for Change Award, Zayed Future Energy Prize, and the 2015 Global Cleantech 100. For more information, visit www.zolaelectric.com.

Position

The Finance Director is end responsible for all financial activities in country and for ensuring financial targets of the company are met. The Finance Director has a dual reporting line into the Managing Director (MD) of the Tanzania entity, and to the Group FP&A Director in Amsterdam. Main responsibilities include, but are not limited to strategic collaboration, budget and cash flow management, ownership of country financial statement risk assessment and credit. 

  • Participate in strategic meetings to contribute to the development of the annual financial strategy and business plan in collaboration with country and group finance staff.
  • Develop implementation plan of financial strategy in collaboration with the team and monitor implementation therein.
  • Stakeholder management on group and board level, reporting and communications.  
  • Provide stakeholders with timely and accurate information and jointly determine strategy. 
  • Develop annual, quarterly and monthly cash flow projections.
  • Manage bank payment approval processes, ensuring segregation of duties in this process.
  • Manage proper budget control and compliance by the business as per the approved budget.
  • Monitor country expenditure and review monthly, providing actionable improvement plans for country business units.
  • Provide guidance to management to reduce expenditure and implement and oversee financial remedial plans and measures as required.
  • Monitor the execution of proper reporting on budget and cash flow matters. 
  • Accountable for all postings to the country financial ledgers.
  • Monitor the timeous payment of creditors and attend to those outstanding payments that have been escalated.
  • Verify physical stock counts to ensure that line organization is properly reconciling stock.
  • Monitor the maintenance of the asset register, review asset registers to check depreciation calculated and validate additions against support documentation.
  • Coordinate a physical account to test what has been recorded in the asset register to confirm the existence of the assets, ensuring that any missing assets are promptly written off.
  • Review the insurance policy to ensure it is up to date and that assets are appropriately secured. 
  • Implement periodic financial and operational risk assessments in collaboration with Managing Director and heads of departments.
  • Carry out internal audits as necessary to assure MD and OGE Executive / Board that financial risks are properly managed.
  • In cooperation with the Group Director of Credit, ensure that the customer-facing credit strategy that addresses both upfront, point-of-sale credit operations, as well as after-sales education and payment follow-up, is implemented and appropriately followed up.
  • Provide financial advice and counsel to the Country MD and Heads of Departments.
  • Maintain sound working relationships with financial institutions and relevant authorities.
  • Ensure that an effective document management system is in place for country operations (in collaboration with Legal Counsel).
  • Communicate regularly with the Managing Director to provide the necessary updates on departmental operations.

Requirements

  • Post-graduate qualification in financial management, management control, accounting, finance or in an equivalent experience
  • Minimum 10 years financial management experience.
  • Experience in Banking and in in the financial department of a subsidiary of a multinational group are considered advantages
  • Expertise in accounting and in financial analysis/reporting
  • Leadership experience
  • Experience with living and working in Africa is an advantage
  • Flexible, assertive, client-oriented and result-focused
  • Proper mastery of computer systems and tools (ERP software, Excel)
  • Good communicator with a relational ease
  • excellent communications skills, and fluent in English
  • Knowledge of the relevant financial legislation pertaining to the country
  • Analytical and planning & organizing skills
  • Detail-oriented and deadline driven
  • Ethical team player who can work under pressure
  • Understanding of the local business environment

Other information

This role is based out of the Arusha office in Tanzania. Limited travel will be required on occasion.

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Data Privacy Notice
Zola Electric believes strongly in protecting the privacy of the personal data you provide to us. We also believe it is important to inform you about how we will use your personal data. This document explains how we may process your personal data and the rights you have in this respect. Therefore, we encourage you to read this Privacy Notice carefully.

Scope of this Privacy Notice
This Privacy Notice applies to all personal data of applicants processed by Zola Electric in connection with our recruitment process.

About Zola Electric’s recruitment process
You may apply for a position within Zola Electric anywhere in the world via our online recruitment application system. By means of this recruitment system you may create a profile and apply for a specific vacancy. Via the use of this application and submission of related information, you may provide personal data to Zola Electric in connection with the recruiting process. We may process personal data for recruitment purposes including organizing selection procedures and manage applications.

Type of data we collect
When you interact with Zola Electric in connection with the recruitment process, we may ask or receive certain personal data, including, but not limited to:

  • Personal data allowing identification of the candidate and practical organization: first name, surname, address and country of residence, email address, telephone number.
  • Personal data allowing the verification of the eligibility and selection criteria as laid down in the vacancy notices: education and training (diploma awarded), professional experience (job title, length, company name, company type and web address of company (optional), main tasks and responsibilities), linguistic and job related skills and competencies and areas of interest.

  • As well, in some countries, including US, we may ask for information such as gender, race and ethnicity for the purposes of monitoring equal opportunity.

Third parties
Your personal data will be processed and stored by a Zola Electric trusted third party partner, Cezanne HR. Cezanne HR is involved in providing and facilitating the recruitment process, such as website hosting, data analysis, information technology and related infrastructure provision, customer service, email delivery, auditing and other services. Any other disclosures to third parties will only be made when required by law. Cezanne HR is a configurable, cost-effective and GDPR-compliant human resource software system.

Zola Electric required Cezanne HR to provide a comparable level of protection to your personal data as Zola Electric provides, to keep your personal data confidential, to only process your personal data for the purposes for which it was disclosed and to only access the minimum amount of data they need to deliver a specific services related to the recruitment process.

Transfers
Your personal data may be processed and transferred to countries outside of your country or jurisdiction during the recruitment process. These countries or jurisdictions may not have similar data protection laws. If Zola Electric transfers your data, we will take steps to protect your privacy rights through the use of contractual arrangements or other means, which will provide a comparable level of protection.

Data Retention
Zola Electric will take reasonable steps to ensure that we retain your personal data only for so long as is necessary for the purpose for which it was collected, or as required under any contract or by applicable law.

Data Security
Zola Electric recognizes its responsibility to protect the information you entrust to us. Zola Electric maintains, and requires its third party, Cezanne HR, to maintain, technical and organizational measures to protect your data.

Your rights
Once you have provided us with your personal data, you will be able to access this information. If you would like to exercise your rights, such as to access, review, correct, update or erase personal data, please contact us at: dataprotectionofficer@zolaelectric.com. For your protection, we may need to verify your identity before responding to your request.

Changes to this Privacy Notice
This Privacy Notice may change from time to time. The most current version of the Privacy Notice will always appear on the site. The most recent version shall supersede any and all other versions of this Privacy Notice. Zola Electric reserves the right to change or modify this Privacy Notice at any time and at its sole discretion by posting revisions. Therefore, we encourage you to check back often to learn about those changes.

Contact us
We strongly believe in protecting the privacy of the personal data you share with us. Please contact us if you have any questions, complaints or suggestions about this Privacy Notice at: dataprotectionofficer@zolaelectric.com.

 

Gert Jan van Sluis


Director Human Capital
Zola Electric

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