Description of Duties
With its principal offices in London and New York, as well as regional offices in Accra, Ghana (West Africa), Kampala, Uganda (East Africa) Lusaka, Zambia (Southern Africa), and Maputo (Mozambique), DEVELOPER (together with its affiliates, “DEVELOPER”) consists of 25 professionals with expertise in project development, project financing, investment, engineering and construction, as well as legal and regulatory matters specific to greenfield infrastructure development and investment.
Between 2005 and 2013, DEVELOPER was the manager of InfraCo Africa (InfraCo) (
www.infraco.com) and since 2014, its principal developer. InfraCo, is a donor funded project development facility with the mandate to develop greenfield infrastructure projects in Sub-Sharan Africa to a stage where they are sufficiently bankable to attract private sector debt and equity investors.
In addition to the development of infrastructure projects in the transport, water and energy sectors for InfraCo, DEVELOPER has developed a proprietary portfolio of clean energy projects in Senegal (50MW Wind Farm), Cote d’Ivoire (30 MW Run of River Hydro plant), Ghana (50 MW Wind Farm and 20 MW Solar/Battery Storage), Uganda (50 MW gas-fired power plant and 20 MW Solar/Battery Storage), Zambia (40MW Run of River Hydro plant) and Mozambique (120 MW Wind Farm) and owns a 20% interest in a 400MW gas-fired CC project in Mozambique which is scheduled to reach financial close in late 2020/early 2021. In addition, DEVELOPER owns 20% of Kalangala Infrastructure Project (multi-sector project in Uganda which has been in operation since 2014) and is piloting a proprietary solar home system (10 units) in Uganda.
Job title: Director of Finance and Administration
Location: DEVELOPER’s office in New York and will be required to travel to Africa and
Europe in the performance of his/her duties
Reports to: Board of Directors of DEVELOPER.
Sector: Infrastructure (power/energy, water, transportation etc.)
Description: The Employee will support the Company on the internal policies, systems and workings of DEVELOPER (including all of its affiliates, subsidiaries and special project companies (SPC’s) in London, New York, Cayman and Africa (the "Group"), including all aspects of the accounting, finance, compliance and general administration functions of the Group. The Director of Finance and Administration will be responsible for the provision and production of clear, accurate and relevant management information relating to the Group and each of its affiliates and subsidiaries. In connection with such tasks, the Employee will perform the following functions:
The role will include (but not be limited to) the following:
Management of financial, accounting, taxation & statutory matters which shall include:
- Preparing monthly/quarterly and annual financial forecasts and budgets for the Group, providing auditors with required support, improving and implementing financial systems and controls for the Group and each of its affiliates;
- Preparing annual statutory financial statements in accordance with IFRS/GAAP for the US and UK entities and in accordance with local accounting requirements for the Africa subsidiaries;
- Oversee the accounting and finance staff within the Group to ensure
- Accurate records, and in accordance with the applicablepolicies and procedures, corporate actions related thereto, and journal entries;
- Reconciliation of various accounts, or reviewing reconciliations prepared by others, and promptly researching and correcting any variances;
- Exceptions and problems affecting accounting records and prices are identified, communicating same to management, and assisting in their resolution;
Assist, as assigned, in preparing audit schedules, compliance reports, tax returns, financial statements, or other reports;
- Prepare written reports periodically to management on group financial activities and other related issues.
Ensuring proper accounting treatment (such as the nature of distributions, and international valuations) and compliance with , tax, and corporate or contractual restrictions and limitations
- Primary responsibility forreporting requirements of the Group Shareholders, in particular with respect to the following:
audited annual Financial Statements of the Group and its subsidiaries and affiliates;
- audited (in accordance with either U.S. GAAP, International Financial ReportingStandards (“IFRS”), or host country GAAP, with a narrative statement indicating key differences, if any, from IFRS or U.S. GAAP) annual Financial Statements of each African affiliate or subsidiary, translated into US Dollars,
- a performance analysis for regional subsidiary and the parent, comparing actual and budgeted performance for such fiscal year (including with respect to key non-financial assumptions underlying projections), and an annual three-year forecast for each
Strategic plandevelopmentandannualbudgetingwithaviewto providing the necessary administrative support to the developers and their projects;
- Responsibility for relationship with banks, financial institutions in respect of the Group’s operations and treasury management.
Performing risk management monitoring reviews
- Managing year-end external audit
Provision and initiation of all IT developments;
- Overseeing the insurance program for the Group;
With respect to Human Resources, the Employee will coordinate with the office managers in the London and overseas offices in connection with the development of consistent policies (considering local requirements) and compliance therewith;
- Ensuring the smoothrunning of all of the DEVELOPER offices (New York, London, Accra, Kampala, Lusaka, Maputo) including overseeing the recruitment of all relevant support staff;
The Director of Finance and Administration will act as the Compliance Officer under the Group’s Anti-Bribery and Anti-Money LaunderingPolicy, as well managing the annual review of the group’s compliance thereof.
Contact
Liubym Gerasymenko, FCCA