Finance Manager at Meanwood Finance Corporation

This website uses cookies to ensure you get the best experience on our website. Learn More We have started building our professional LinkedIn page. Follow Meanwood Finance Corporation Limited, a dynamic and growing non-deposit taking Microfinance institution regulated by the Central Bank, is seeking to recruit a highly competent, results-driven, and experienced person to join our team as Finance Manager. To oversee the financial operations of the microfinance institution, ensuring effective financial planning, reporting, compliance, and support to lending activities, while aligning with the organization’s strategic objectives under the guidance of the Chief Financial Officer. 1. Financial Planning & Analysis Support the CFO in developing budgets, forecasts, and financial strategies Monitor financial performance and provide variance analysis Analyze loan portfolio performance and profitability trends Prepare accurate and timely financial statements (monthly, quarterly, annual) Ensure compliance with accounting standards (e.g., IFRS) and Bank of Zambia prudential returns Submit reports to the CFO for review and consolidation Supervises: Accountants, Finance Officers, Cashiers Monitor daily cash flow and liquidity needs Ensure availability of funds for loan disbursements and operations Assist the CFO in managing funding sources and financial obligations Track loan disbursements, collections, and arrears Monitor Portfolio at Risk (PAR) and provisioning levels Provide regular portfolio performance reports to the CFO 3. Compliance & Regulatory Reporting Ensure compliance with microfinance regulations and tax laws Prepare statutory and regulatory reports for review by the CFO Support audits and regulatory inspections 4. Risk Management & Internal Controls Implement internal controls and financial policies Identify and escalate financial risks to the CFO Monitor fraud risks and enforce control procedures 5. Budget Control & Cost Management Monitor departmental budgets and expenditures Ensure cost efficiency across operations Provide recommendations to the CFO on cost optimization Supervise finance and accounting staff Ensure proper execution of financial processes and controls Support staff training and performance management Coordinate internal and external audits Prepare audit schedules and documentation Ensure implementation of audit recommendations 8. Strategic & Operational Support Provide financial insights to support decision-making Assist the CFO with financial strategy, fundraising, and investor reporting Support new product costing and financial feasibility analysis Strong financial analysis and reporting skills Knowledge of microfinance operations Familiarity with accounting systems and MIS Good understanding of regulatory requirements Leadership and organizational skills High integrity and attention to detail Key Performance Indicators (KPIs) Accuracy and timeliness of reports Portfolio quality (PAR and arrears) Liquidity management effectiveness Audit outcomes and compliance outcomes Bachelor’s degree in accounting and finance, or related field Professional qualification (CA, ACCA, CIMA,) preferred Minimum of 5 years in finance/accounting, preferably in microfinance or financial services Experience in loan portfolio analysis is an advantage Valid membership with the Zambia Institute of Chartered Accountant (ZICA)