CHIEF FINANCIAL OFFICER (CFO)

JOB ADVERTISEMENT FOR THE POSITION OF CHIEF FINANCIAL OFFICER (CFO) AT SOMPOWER HARGEISA, SOMALILAND

ABOUT US.

SomPower was incorporated in 2016 by local investors after amalgamating over 35 standalone Electricity Service Providers scattered all over the city, where each used to power a certain segment of Hargeisa city. The overall objective of the amalgamation was to increase the efficiency of service delivery to customers and to direct resource allocation and deployment from one centralized point. Currently, SomPower provides round-the-clock electricity to customers without any hitches of a single point of failure by introducing a series of redundant systems that can back up the main feeder lines. The tremendous growth of SomPower has hugely contributed to the Socio-Economic development of the country and the betterment of many lives as 24/7 economic activities are no longer a mirage but a reality in the city and its environs. Being the largest Electricity Service Provider in the country means, the company is also one of the largest employers in the country. The company intends to recruit a result-oriented highly motivated person to fill the exciting and challenging position of the CFO and will report to the CEO of the company.

KEY RESPONSIBILITIES INCLUDE:

·        Execute the financial strategy of SomPower

·        Provide strategic management of SomPower accounting and finance functions

·        Organize and manage all finances of the company

·        Manage financial controls and accounting procedures

·        Review and ensure the application of appropriate internal controls

·        Maintain internal control and safeguards of assets, receipt of revenue, costs, budgets, and actual expenditures

·        Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate IFRS and regulatory requirements

·        Ensure full transparency over the financial performance of the company

·        Provide advice on how to increase revenue and reduce costs

·        Propose action plans to ensure that financial objectives are attained

·        Maintain speed and accuracy of billings and customer payment

·        Maintain working relationship with the company external auditors to ensure timely and smooth external audit processes

·        Work hand in hand with the Internal Auditor to ensure that internal controls are implemented and working efficiently

·        Prepare financial Budgets, forecasts, and help oversee current and future investments and capital structures

·        Report to and work with the CEO on all financial matters

·        Create financial outlook reports and ensure company funds are sufficiently managed

·        Manage and track budget and accounting information including billing, collections, and payments

·        Consistently analyze financial data and present financial reports in an accurate and timely manner; communicate monthly, quarterly, and annual financial statements

·        Prepare periodic financial reports and advise the Board of Directors on key financial strategies that benefit the company

·        Other duties as assigned

·        Bachelor’s degree in accounting, finance, business administration, or a related field from a reputable university (MBA preferred)

·        Professional accounting designation (CA, ACCA, or CPA) is a strong advantage.

·        7+ years’ experience in a senior financial managerial position

·        Proficient in the use of accounting and financial software packages (QuickBooks, ERPs, and billing systems)

·        Strong interpersonal and leadership skills

·        Excellent oral and written communication skills

·        Exceptional time management and ability to problem solve under pressure

·        Results-driven personality eager to partner with upper management to organize, plan, and achieve company financial goals

Interested persons internally within the company and externally should submit their applications online by sending their cover letter and well-detailed CVs, including your phone contacts, e-mail address, and the names, addresses, and e-mail addresses of at least three referees to our email address [email protected] with the subject title of the position. 

The closing date is 13th Feb 2025 at 6:00 pm. Only shortlisted candidates will be contacted.