Chief Financial Officer

Job Summary

Financial Planning & Strategy

• evelop revenue models and pricing strategies tailored for digital wallets, agent networks, and merchant services.

• Develop and implement long-term financial strategies to support the growth and sustainability of the EMI.

• Support the CEO and Board in strategic planning through robust financial modelling, forecasting, and investment analysis.

• Align financial plans with operational and strategic goals of the EMI.

Budgeting & Financial Control

• Lead the annual budgeting process and oversee periodic financial reviews.

• Monitor actual vs. budget performance and recommend corrective actions.

• Ensure robust cost optimization and efficiency tracking across technology, agent commissions, and transaction costs.

• Establish internal controls and ensure discipline in budget execution across departments.

• Develop financial policies and procedures in line with international standards.

• Ensure digital finance products are financially sustainable with clear unit economics.

Financial Reporting & Audit

• Prepare accurate and timely financial statements in accordance with IFRS and local accounting regulations.

• Ensure transparent and compliant financial reporting to regulators, shareholders, and the Board.

• Lead external audits and coordinate with internal audit and compliance teams to ensure financial integrity.

• Maintain proper documentation and support traceability of all financial transactions.

• Oversee implementation of automated financial reporting systems integrated with core banking/EMI platforms.

Treasury & Cash Flow Management

• Oversee treasury operations, including management of float accounts, liquidity, and reconciliation processes.

• Ensure efficient use of working capital to support agent and merchant network requirements.

• Manage relationships with banks, payment providers, and financial partners.

• Ensure appropriate safeguards and controls are in place for fund movements and settlements.

• Ensure real-time liquidity monitoring across agent and merchant networks to avoid service disruption.

• Develop FX and remittance settlement strategies in coordination with international partners.

Tax, Compliance & Regulatory Reporting

• Ensure full compliance with local tax laws, reporting deadlines, and regulatory financial disclosures.

• Coordinate with legal and compliance teams on financial obligations under EMI regulations.

• Maintain up-to-date knowledge of regulatory developments affecting the EMI’s financial practices.

• Prepare and submit reports as required by the Central Bank and other relevant authorities.

• Ensure alignment with global standards such as IFRS, FATF, and DAB directives on e-money institutions.

Risk Management & Internal Controls

• Identify and manage financial risks including liquidity, FX exposure, and market volatility.

• Develop internal control systems to prevent fraud, leakage, and misuse of funds.

• Conduct periodic risk assessments in financial operations and implement mitigation measures.

• Support the Enterprise Risk Management framework and risk reporting to the Board.

Team Leadership & Capacity Building

• Lead and mentor the finance department, fostering a culture of excellence and accountability.

• Develop capacity-building programs for finance staff on financial systems, controls, and reporting standards.

• Work collaboratively with operations, compliance, and product teams to support business units with financial insights.

• Ensure succession planning and talent development within the finance function.

• Foster cross-functional collaboration between finance, technology, and operations for integrated decision-making.

Job Requirements

Required Qualifications and Experience:

• Bachelor’s degree in Finance, Accounting, Economics, or related field; Master’s degree (MBA or MSc) preferred.

• Recognized professional accounting qualification (e.g., CPA, ACCA, CA, CMA) is strongly preferred.

• Minimum 10 years of progressive financial management experience, with at least 5 years in a senior finance leadership role in a bank, EMI, fintech, or telecom-based mobile money service.

• Experience managing financial operations of a licensed EMI or digital finance institution.

• Strong knowledge of IFRS, financial modelling, budgeting tools, and financial management systems.

• Experience with financial compliance, tax laws, and regulatory reporting in emerging markets.

• Proven track record in managing audits, treasury operations, and internal controls.

• Familiarity with financial technology platforms and transaction-based business models.

• Strong communication and stakeholder engagement skills.

• Foster cross-functional collaboration between finance, technology, and operations for integrated decision-making.

• Knowledge of mobile money interoperability frameworks and settlement systems is highly desirable

Key Competencies:

• Strategic financial thinking and business acumen

• Strong analytical and decision-making skills

• Excellent leadership and people management ability

• High standards of ethics, integrity, and accountability

• Fluency in financial reporting, modeling, and forecasting

• Strong coordination and cross-functional collaboration

• Ability to work under pressure in a dynamic, fast-paced environment

• Understanding of EMI, mobile payments, and digital banking landscape

• Ability to manage financial operations in fragile or high-risk environments.

• Expertise in financial inclusion strategies and adapting pricing models for underserved populations.