Finance Head _ Mobile Money & Digital Wallet (Sav_Money)

What you will own

• Financial control. Management accounts, statutory reporting, budgeting, forecasting and the monthly close for the Sav-Money entity.
• Customer fund safeguarding. Daily reconciliation of electronic money in issue against trust account balances, and the controls around it. This is the single most important control in the business and the one the regulator will examine first.
• Unit economics. Cost to acquire, cost to serve, float income, agent commission economics, lending net interest margin and contribution by product. Building the model everyone else plans against.
• Capital raising. The finance workstream on debt and equity raises with development finance institutions, private equity funds and commercial lenders business plan and financial model, data room, financial and tax due diligence, conditions precedent, and covenant compliance and lender reporting once facilities are drawn.
• Regulatory reporting. Periodic returns to the central bank, audit coordination, and the finance workstream behind the e-money licence and any subsequent credit licence.
• Treasury and liquidity. Agent float funding, settlement cycles, working capital and cash forecasting across a high-velocity, low-ticket transaction base.
• Loan book accounting. IFRS 9 expected credit loss modelling, provisioning policy, staging, write-off and recovery accounting as the lending business scales.
• Transaction taxation. Statutory levies on transactions, excise on service fees and withholding on agent commissions computed at source, reconciled and remitted accurately.
• Team and systems. Building the finance, control and reporting function, and specifying what finance needs from the platform rather than reconciling around its gaps.

What we are looking for

• CA, CPA, ACCA, CFA or MBA (Finance).
• 10+ years post-qualification, with substantial time in the finance function of a payments company, wallet, fintech, NBFC or bank not solely in corporate or industrial finance.
• Hands-on experience with a regulated financial entity: statutory returns, regulator correspondence, external audit of a licensed business.
• Demonstrable experience supporting debt and equity raises with development finance institutions and private equity funds financial due diligence, data room, model, covenant schedules and post-close lender reporting.
• Nodal, escrow or trust account reconciliation experience. If you have run PPI escrow reconciliation under RBI rules, that experience transfers almost directly to this role.
• Strong IFRS grounding; IFRS 9 and expected credit loss modelling a significant advantage.
• Genuine modelling ability you build the model, you do not commission it.
• Willing and able to relocate to Kampala, Uganda.

Also valued

• Experience standing up a finance function in a new entity or a new market.
• Telecom finance exposure alongside financial services.
• Familiarity with high-volume, low-value transaction reconciliation and the tooling it demands.
• Working knowledge of lending operations disbursement, collections and recovery accounting.

Compensation

Compensation is flexible and will be structured to match the calibre and suitability of the candidate. We would rather find the right person and build the package around them than screen on a band.

How to apply

This is an immediate requirement. Please apply with your current notice period and earliest possible joining date.