About the Company
The company is a Ghanaian fintech focused on (a) in-store and (b) online payments (momo, card payments, tap-to-pay, and a digital collection platform). The company enables merchants to accept cards and momo with fast settlement and no monthly fees and has been recognized as a fast-growing fintech in Ghana.
Role Purpose
Several banks in Ghana depend on our platform every day for processing and settlement of electronic payments for various industries throughout the country.
Our customers benefit from innovative and easy-to-use payment solutions for collecting money directly into their business bank accounts. They use our technology to manage in real time the electronic flow of payments, settlement and reconciliation of transactions, and troubleshooting issues at points of sale.
The CFO will be responsible for all aspects of financial operations including planning, analysis, accounting, treasury, and corporate administration. The CFO will be a member of the Senior Leadership Team and will be expected to drive business results.
Success in this role will be measured by the extent to which The Company’s achieves its business objectives including revenue trajectory, cash generation, and market penetration. Consistent, reliable, and accurate financial information is expected.
This position reports to the CEO and will be located primarily at the company HQ in Cantonments, Accra.
Key Responsibilities
- Lead and develop the company’s Finance and Operations team, including:
- Engaging the team in company’s vision and strategic plan
- Enable the finance team to deliver accurate results in an efficient and timely manner to ensure sound business decisions and compliant reporting.
- Act as a strong business partner to the CEO to drive growth and profit.
- Drive and communicate the company’s business strategy and results to internal and external stakeholders including employees, investors, and analysts.
- Maintain a financial forecast with detailed plans for four forward quarters and two additional years. Provide timely measurement against the forecast and continually revise as required.
- Oversee preparation of relevant financial information and results to be used to operate the business and comply with reporting requirements.
- Manage and control the organization’s financial processes, making necessary changes to enhance and improve processes, policies, or procedures.
- Ensure proper maintenance of the company’s financial plans and policies, accounting practices, relationships with the financial community, fiscal records, and preparation of financial reports.
- Ensure proper financial controls are in place and functioning in accordance with all legal, accounting, regulatory, and ethical codes.
- Accountable for enabling efficient and effective governance of significant risks and related opportunities.
- Ensure that the Finance team reviews monthly performance to provide insight and engage with the business in driving necessary changes.
- Establish financial strategic vision, objectives, policies, and procedures in support of the overall strategic plan.
- Continually identify and implement efficiency improvement initiatives across the organization.
Key Performance Indicators (KPIs)
- Cash flow from operations positive for ≥ 3 consecutive quarters.
- Revenue growth ≥ 15% YoY with sustainable gross margin improvement.
- Month-end close completed ≤ 5 working days after period end.
- Budget vs. actual variance ≤ ±5% for revenue and major expense lines.
- Ensure or direct the statutory filings (GRA, SSNIT, VAT, annual returns) submitted 100% on time and error-free.
- External audit completed by Q1 with no material findings.
- Liquidity ratio ≥ 1.5 maintained across reporting periods.
- All bank and ledger reconciliations 100% completed monthly by D+5.
- Forecast accuracy ≥ 90% for quarterly revenue and cash projections.
- Finance process automation ≥ 70% (ERP, reporting, reconciliation, approvals).
- Internal control breaches = 0; full resolution of any audit exceptions within 30 days.
Education, Required Experience & Skills
- Financial designation, CPA preferred
- Minimum 10+ years of relevant experience
- Proven leadership experience
- Demonstrated business acumen and decisiveness
- High competency in:
- Business insight
- Management
- Communication
- Relationship building/management
- Influencing and teamwork
- Information technology and/or telecommunications experience preferred but not required
- An entrepreneurial “own-it” disposition
- A willingness to work in a highly entrepreneurial SME
- Big 4 accounting experience will be an advantage.