JOB
ANNOUNCEMENT
ANNOUNCEMENT
The
management of Energy Utility Corporation Limited (EUCL) informs the public that
it is recruiting competent, qualified and experienced staff to fill the following
position:
management of Energy Utility Corporation Limited (EUCL) informs the public that
it is recruiting competent, qualified and experienced staff to fill the following
position:
S/N:
1
1
POSITION:
Director of Finance
Director of Finance
NUMBER
REQUIRED: 01
REQUIRED: 01
KEY
ROLES & REQUIREMENTS:
ROLES & REQUIREMENTS:
Job
Summary:
Summary:
To
plan, direct and control the financial resources of the company and ensure
sound overall financial management and performance in line with the strategic
plan, and lead a team of professional staff in line with the regulatory
framework and accounting standards.
plan, direct and control the financial resources of the company and ensure
sound overall financial management and performance in line with the strategic
plan, and lead a team of professional staff in line with the regulatory
framework and accounting standards.
Key
Responsibilities:
Responsibilities:
Strategy
Formulation and Leadership
Formulation and Leadership
1.
Lead the delivery of EUCL’s corporate financial strategy, within the
overall corporate strategy, to ensure sustained growth of asset base, adequate
funding for capital investments and operations, and guiding the investment
strategy to ensure optimized shareholder returns within EUCL’s designated
mandates and contractual framework.
2. Be the lead financial advisor to the Senior Management
Team, Directors and the entire Company, to ensure prudent management and
utilization of the EUCL’s resources
3. Custodian of the Business Financial Model and ensure
adequate recovery of EUCL’s costs and revenue realization through the tariff
mechanism
Lead the delivery of EUCL’s corporate financial strategy, within the
overall corporate strategy, to ensure sustained growth of asset base, adequate
funding for capital investments and operations, and guiding the investment
strategy to ensure optimized shareholder returns within EUCL’s designated
mandates and contractual framework.
2. Be the lead financial advisor to the Senior Management
Team, Directors and the entire Company, to ensure prudent management and
utilization of the EUCL’s resources
3. Custodian of the Business Financial Model and ensure
adequate recovery of EUCL’s costs and revenue realization through the tariff
mechanism
Financial
and Operations Management
and Operations Management
4.
Prepare and maintain timely and accurate financial statements and reports
that are appropriate for the users and in accordance with generally accepted
accounting principles (GAAP)
5. Oversee the general accounting function which
includes inter-company transactions, cash management/reconciliation for
multiple accounts, financial reporting and balance sheet management
6. Monitor the maintenance of EUCL’s financial records in
compliance with regulatory requirements, REG accounting policies and GAAP
7. Ensure that there is adequate technology in place to meet
the organization’s financial data processing, control, and reporting
requirements.
Prepare and maintain timely and accurate financial statements and reports
that are appropriate for the users and in accordance with generally accepted
accounting principles (GAAP)
5. Oversee the general accounting function which
includes inter-company transactions, cash management/reconciliation for
multiple accounts, financial reporting and balance sheet management
6. Monitor the maintenance of EUCL’s financial records in
compliance with regulatory requirements, REG accounting policies and GAAP
7. Ensure that there is adequate technology in place to meet
the organization’s financial data processing, control, and reporting
requirements.
Risk
Management and Compliance
Management and Compliance
8.
Institute adequate organizational arrangements to Manage the risk and
exposure to the Company
9. Ensure the company complies with all applicable legal and regulatory
framework, financing covenants and the international
financial reporting framework (IFRS)
10. Establish sound system of internal controls to ensure
adequacy of policies, systems and processes to safeguard company assets and
enhance operational efficiency.
11. Monitor risk management policies and procedures to ensure
that EUCL financial risks are minimized
Investment
12. Develop a comprehensive Investment and Treasury Management Policy for the
EUCL and ensure its effective performance.
13. Monitor the performance of investments and prepare periodic investment
performance reports.
14. Ensure effective treasury management that leads to an optimized liquidity
position for the company to meet short and long-term obligations
Institute adequate organizational arrangements to Manage the risk and
exposure to the Company
9. Ensure the company complies with all applicable legal and regulatory
framework, financing covenants and the international
financial reporting framework (IFRS)
10. Establish sound system of internal controls to ensure
adequacy of policies, systems and processes to safeguard company assets and
enhance operational efficiency.
11. Monitor risk management policies and procedures to ensure
that EUCL financial risks are minimized
Investment
12. Develop a comprehensive Investment and Treasury Management Policy for the
EUCL and ensure its effective performance.
13. Monitor the performance of investments and prepare periodic investment
performance reports.
14. Ensure effective treasury management that leads to an optimized liquidity
position for the company to meet short and long-term obligations
Leadership
& Capacity Building
& Capacity Building
15.
Manage the finance team in order to meet both business objectives and
individual professional development that leads to enhanced competencies and
team performance.
16. Lead the Finance team; supervise and manage their performance and development
in line with the organization’s goals, objectives, policies and regulations.
17. Develop a departmental annual work plan and financial budget and monitor
their implementation in line with the Business plan
Manage the finance team in order to meet both business objectives and
individual professional development that leads to enhanced competencies and
team performance.
16. Lead the Finance team; supervise and manage their performance and development
in line with the organization’s goals, objectives, policies and regulations.
17. Develop a departmental annual work plan and financial budget and monitor
their implementation in line with the Business plan
Education
and Experience requirements
and Experience requirements
- Bachelor’s
Degree (A0) in Finance, Accounting or relevant field or a relevant
professional qualification, such as ACCA, CPA or CFA and; - At
least 8 yearsof experience in a finance or accounting, 3 of which should
be at manager level
Additional
Skills:
Skills:
- Advanced
numerical skills – statistical analysis, financial modeling and analysis
at a high level - IT
– use of specialized software - Advanced
people skills – leading a large department - Process
management – required to develop financial systems and procedures - Project
management – develop project plans, coordinate projects, completes
projects on time - Analytical
skills
Required
Documents for application:
Documents for application:
- An
application letter; - A
detailed updated Curriculum Vitae; - A
photocopy of academic degree; - A
photocopy of the Identity card; - Full
addresses of three referees, including preferably one of previous
supervisors. - Proof
of Experience (Work Certificate (s))
Submission
of Applications
of Applications
Interested
and qualified candidates should submit their soft copy applications addressed
to MANAGING DIRECTOR of EUCL only through: gkanyonga@eucl.reg.rw
; copy to: ttmbarubukeye@eucl.reg.rw and akaryabwite@eucl.reg.rw
not later than 13/11/2017.
and qualified candidates should submit their soft copy applications addressed
to MANAGING DIRECTOR of EUCL only through: gkanyonga@eucl.reg.rw
; copy to: ttmbarubukeye@eucl.reg.rw and akaryabwite@eucl.reg.rw
not later than 13/11/2017.
Hard
copies are not accepted. Only shortlisted candidates shall be contacted. For
more details on the Terms of Reference for this position, please visit our
website on www.reg.rw
or www.eucl.reg.rw
copies are not accepted. Only shortlisted candidates shall be contacted. For
more details on the Terms of Reference for this position, please visit our
website on www.reg.rw
or www.eucl.reg.rw
Done
at Kigali, 23/10/2017
at Kigali, 23/10/2017
Signed
Maj.
Eng. Jean Claude KALISA
Eng. Jean Claude KALISA
Managing
Director
Director
TERMS
OF REFERENCE FOR DIRECTOR OF FINANCE Strategy Formulation and Leadership
OF REFERENCE FOR DIRECTOR OF FINANCE Strategy Formulation and Leadership
1.
Lead the delivery of EUCL’s corporate financial strategy, within the overall
corporate strategy, to ensure sustained growth of asset base, adequate funding
for capital investments and operations, and guiding the investment strategy to
ensure optimized shareholder returns within EUCL’s designated mandates and
contractual framework.
Lead the delivery of EUCL’s corporate financial strategy, within the overall
corporate strategy, to ensure sustained growth of asset base, adequate funding
for capital investments and operations, and guiding the investment strategy to
ensure optimized shareholder returns within EUCL’s designated mandates and
contractual framework.
2.
Be the lead financial advisor to the Senior Management Team, Directors and the
entire Company, to ensure prudent management and utilization of the EUCL’s
resources
Be the lead financial advisor to the Senior Management Team, Directors and the
entire Company, to ensure prudent management and utilization of the EUCL’s
resources
3.
Custodian of the Business Financial Model and ensure adequate recovery of
EUCL’s costs and revenue realization through the tariff mechanism
Custodian of the Business Financial Model and ensure adequate recovery of
EUCL’s costs and revenue realization through the tariff mechanism
4.
Manage the financial interface with key stakeholders including the Senior
Management, Board, Tax Authority, Financiers, Banks, sector players,
shareholder etc. To ensure well defined requirements are met and controlled
Manage the financial interface with key stakeholders including the Senior
Management, Board, Tax Authority, Financiers, Banks, sector players,
shareholder etc. To ensure well defined requirements are met and controlled
5.
Participate in strategic, financial and Investment planning as an integral
member of the Leadership Team.
Participate in strategic, financial and Investment planning as an integral
member of the Leadership Team.
6.
Develop long-term budgetary planning and cost management in alignment with
REG’s strategic plan and business objectives.
Develop long-term budgetary planning and cost management in alignment with
REG’s strategic plan and business objectives.
7.
Lead the continual improvement of accounting and administrative operational
systems, processes and policies. Financial and Operations Management
Lead the continual improvement of accounting and administrative operational
systems, processes and policies. Financial and Operations Management
8.
Prepare and maintain timely and accurate financial statements and reports that
are appropriate for the users and in accordance with generally accepted
accounting principles (GAAP)
Prepare and maintain timely and accurate financial statements and reports that
are appropriate for the users and in accordance with generally accepted
accounting principles (GAAP)
9.
Oversee the general accounting function which includes inter-company
transactions, cash management/reconciliation for multiple accounts, financial
reporting and balance sheet management
Oversee the general accounting function which includes inter-company
transactions, cash management/reconciliation for multiple accounts, financial
reporting and balance sheet management
10.
Monitor the maintenance of EUCL’s financial records in compliance with
regulatory requirements, REG accounting policies and GAAP
Monitor the maintenance of EUCL’s financial records in compliance with
regulatory requirements, REG accounting policies and GAAP
11.
Ensure that there is adequate technology in place to meet the organization’s
financial data processing, control, and reporting requirements.
Ensure that there is adequate technology in place to meet the organization’s
financial data processing, control, and reporting requirements.
12.
Review accounting activities to ensure that a standard level of internal
controls and audit procedures and techniques are consistently applied.
Review accounting activities to ensure that a standard level of internal
controls and audit procedures and techniques are consistently applied.
13.
Improve work policies, procedures, and work-flow processes to effect the
necessary controls on the organization’s assets
Improve work policies, procedures, and work-flow processes to effect the
necessary controls on the organization’s assets
14.
Provide oversight and review of organization payroll, monthly/quarterly account
reconciliations to ensure accuracy and other statutory filings to ensure
compliance
Provide oversight and review of organization payroll, monthly/quarterly account
reconciliations to ensure accuracy and other statutory filings to ensure
compliance
15.
Ensure a timely and effective preparation of Management and Financial Reports
to meet both internal and external reporting requirements of the Company.
Ensure a timely and effective preparation of Management and Financial Reports
to meet both internal and external reporting requirements of the Company.
16.
Coordinate the annual financial audits with external auditors and ensure smooth
liaison with the internal auditors.
Coordinate the annual financial audits with external auditors and ensure smooth
liaison with the internal auditors.
17.
Lead in the preparation of and monitoring of the organization’s budget in
coordination with the Managing Director. Provide timely management reports to
the Managing Director and department heads to allow for management against
budget targets
Lead in the preparation of and monitoring of the organization’s budget in
coordination with the Managing Director. Provide timely management reports to
the Managing Director and department heads to allow for management against
budget targets
18.
Monitor prospective financial and cost information; calculate average tariff
adjustment proposals to ensure compliance with legal regulations and guidelines
set by the Board.
Monitor prospective financial and cost information; calculate average tariff
adjustment proposals to ensure compliance with legal regulations and guidelines
set by the Board.
Risk
Management and Compliance
Management and Compliance
19.
Institute adequate organizational arrangements to manage the risk and exposure
to the Company
Institute adequate organizational arrangements to manage the risk and exposure
to the Company
20.
Ensure the company complies with all applicable legal and regulatory
frameworks, financing covenants and the international financial reporting
framework (IFRS)
Ensure the company complies with all applicable legal and regulatory
frameworks, financing covenants and the international financial reporting
framework (IFRS)
21.
Establish sound system of internal controls to ensure adequacy of policies,
systems and processes to safeguard company assets and enhance operational
efficiency.
Establish sound system of internal controls to ensure adequacy of policies,
systems and processes to safeguard company assets and enhance operational
efficiency.
22.
Monitor risk management policies and procedures to ensure that EUCL financial
risks are minimized Investment
Monitor risk management policies and procedures to ensure that EUCL financial
risks are minimized Investment
23.
Develop a comprehensive Investment and Treasury Management Policy for the EUCL
and ensure its effective performance.
Develop a comprehensive Investment and Treasury Management Policy for the EUCL
and ensure its effective performance.
24.
Monitor the performance of investments and prepare periodic investment
performance reports.
Monitor the performance of investments and prepare periodic investment
performance reports.
25.
Ensure effective treasury management that leads to an optimised liquidity
position for the company to meet short and long-term obligations
Ensure effective treasury management that leads to an optimised liquidity
position for the company to meet short and long-term obligations
26.
Work in liaison with strategic planning and pricing unit to ensure effective
cost of service recovery proposals to the Regulator for tariff determination
Work in liaison with strategic planning and pricing unit to ensure effective
cost of service recovery proposals to the Regulator for tariff determination
27.
Liaise with REG Holding and external stakeholders (Ministry of Infrastructure
and or Finance) on service subsidy requirements
Liaise with REG Holding and external stakeholders (Ministry of Infrastructure
and or Finance) on service subsidy requirements
Leadership
& Capacity Building
& Capacity Building
28.
Manage the finance team in order to meet both business objectives and
individual professional development that leads to enhanced competencies and
team performance.
Manage the finance team in order to meet both business objectives and
individual professional development that leads to enhanced competencies and
team performance.
29.
Lead the Finance team; supervise and manage their performance and development
in line with the organization’s goals, objectives, policies and regulations.
Lead the Finance team; supervise and manage their performance and development
in line with the organization’s goals, objectives, policies and regulations.
30.
Develop a departmental annual work plan and financial budget and monitor their
implementation in line with the Business plan
Develop a departmental annual work plan and financial budget and monitor their
implementation in line with the Business plan