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M-KOPA SOLAR   |   Nairobi, Kenya   |   Log in or register to see the closing date

Chief Financial Officer

  • Bachelor's degree
  • Accounting, finance, banking, insurance
  • Executive (director)
  • Full Time
  • Permanent

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Job Summary

M-KOPA is looking for a senior executive to join the management team in the role of Chief Financial Officer, taking lead responsibility for all financial and management accounts, treasury, tax, financial risk management and control functions, and budgeting and investor reporting. In addition, the CFO will be tasked with developing strategies for financial and tax efficiency as M-KOPA expands across multiple markets, and preparing M-KOPA for a public listing over the next 3 to 5 years.

The candidate will assume one of the most senior roles within the company, with responsibility for preserving the assets of the company, providing accurate information to stakeholders, and informing the future strategy of the company.


Responsibilities

KEY ACCOUNTABILITIES
1.  To take overall lead of M-KOPA’s financial functions; with full authority over treasury, tax, statutory and management accounting, financial controls, and internal and external reporting.

2.  To ensure that M-KOPA is properly capitalized to finance its aggressive growth plans; responsible for developing a deep understanding the economics of the company's pay-as-you-go solar plan, how differing growth plans require different amounts and types of capital, and making sure that capital is available.

3. To provide timely and relevant information to the executive team and board, to assist with major strategic decisions; responsible for the design and implementation of a management accounting framework appropriate for where the business is today, and where the business is going in the next 5 years.  This should provide management with top-notch data for informing strategic decisions, in which the CFO will participate.  Guide the company to appropriately choose strategic investments, based on their risk/return profile.

4.  To assure that M-KOPA has the optimal legal structure for our business lines; review the current structure for its tax and cost efficiency, design and lead the implementation of any changes to the company structure if appropriate, and advise on optimal structures for new subsidiaries in new markets.

5.  To lead M-KOPA in continuing to build a top-class finance team; mentor and build on the great team in place in four countries, and continue to draw top finance talent to M-KOPA. Build the team today, which will manage the finances of the company when it is $100mm+ in revenue and beyond.

6.  Prepare M-KOPA for a stock market listing; lead the company in being prepared and organized, in its structure, financials, and operations, so that a public listing is possible by 2020. 

7.  Interfaces: the CFO will play a key role in shaping the overall strategy of the business working closely with company founders and the executive team; reporting to the CEO, he/she will need to establish strong working practices with other M-KOPA departments including software platform, product management, data analytics, sales, and customer service.

REQUIREMENTS
Education:  Minimum requirement is a degree in finance or accounting, or similar.  A post-graduate degree is business (MBA), economics, or finance is a plus.  CPA or equivalent is a plus. 

Experience:  At least 10 years experience leading the finance function of a $50 million plus revenue company – preferably a business with a strong financing or credit component.  Ideally experienced at dealing with subsidiaries in multiple countries, and at least some public company experience.  Experience in senior finance role at a company during a stock market listing process is a huge plus.  Experience growing with a company from its early stages to $100 million+ revenues is a plus.

Knowledge / Skills:  Strong communicator; hands-on team leadership; ability to get into detail when required as well as strategize.  Ability to flexibly work with other teams, and develop a good understanding of the competencies and challenges of other teams within M-KOPA.  Ability to take charge of situations and work quickly and constructively on resolving problems. Written and verbal fluency in English is essential; fluency in Swahili would be useful.  Experience living in Africa a big plus.

Location:  Nairobi, with occasional travel to Europe and the US, and regular travel in East Africa.

REMUNERATION
Competitive salary and benefits package, plus share options.


General Information

Salary rangeNot specified
Additional informationNot specified
Contract type: Permanent
Job type: Full Time
Location
Area of work: Accounting, finance, banking, insurance
Seniority: Executive (director)

Job Requirements

Required education: Bachelor's degree
Required relevant work experience: 10 years
Required skills: Team leadership; Budgeting, financial planning; Financial analytics and forecasting; Business performance monitoring; Corporate finance; Financial analysis
Required languages: English (Spoken: native | Written: native)


M-KOPA SOLAR

Energy, utilities, environmentCompany size: 500-1000 people

M-KOPA Solar, headquartered in Nairobi, Kenya, is the global leader of "pay-as-you-go" energy for off-grid customers. Since its commercial launch in October 2012, M-KOPA has connected more than 500,000 homes in Kenya, Tanzania and Uganda to solar power, and is now adding over 500 new homes each day. The success of M-KOPA (M= mobile, KOPA= to borrow) stems from making solar products affordable to low-income households on a pay-per-use installment plan. Customers acquire solar systems for a small deposit and then purchase daily usage "credits" for US $0.45, or less than the price of traditional kerosene lighting. After one year of payments customers own their solar systems outright and can upgrade to more power. All revenues are collected in real-time via mobile money systems (such as M-PESA in Kenya) and embedded GSM sensors in each solar system allow M-KOPA to monitor real time performance and regulate usage based upon payments. This connected design means that M-KOPA is processing vast amounts of data (i.e. over 10,000 mobile payments per day) via the company's proprietary cloud platform, M-KOPAnet.As of May 2015 M-KOPA employs over 650 full time staff across East Africa and sells through a network of 1,000 direct sales agents. It has also commenced licensing its technology to partners in other markets. M-KOPA has been recognized for its pioneering business mode and scale, notably winning the 2015 Zayed Future Energy Prize, being selected as the top New Energy Pioneer at the 2014 Bloomberg New Energy Finance awards and earning the 2013 FT/IFC Excellence in Sustainable Finance Award.


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