Immediate req for Head of Finance, myZoi Venture, SC Ventures

Job Description

*Role Responsibilities What is myZoi Launched by SC Ventures, Standard Chartered s innovation, fintech investment and ventures arm myZoi is a fintech start-up committed to promoting financial inclusion of the unbanked and the underbanked globally through disruptive, digital solutions. This is a perfect opportunity to be part of a team driven by a purpose, the challenge of solving complex problems, and being a force for good.The Role We are looking for a proactive solutions-focused finance head with diverse experience. The scope of work will be varied and include providing best practices in Planning, Business Analytics, Budget Management, Financial Forecasting and Modelling, Financial Risk Management, Reporting, and Analysis.If you have a keen interest in digital transformation and enjoy working in an international entrepreneurial environment, we would like to hear from you.Strategy
• Lead the FP&A process and advise on long term business and financial planning.
• Lead the development of new processes, procedures and systems as per business s need.
• Contribute in formulating and evaluating business strategies/performance including planning, forecasting and budgeting, advanced analysis of financial data, product profitability and liquidity
• Lead initiatives to develop the strength of reporting including regulatory.
• Enhance and develop policies, processes, and disciplines to improve financial control s robustness in line with Financial Control and Reporting policy.
• Contribute toward developing and enhancing analytical and forecasting tools to provide insightful performance reporting and strategic recommendations to the CFO and the leadership team.
• Assist the CFO in managing all financial and legal aspects of the business and providing analysis for important decision making
• Support the CFO in future fundraising efforts and advise on the optimum funding model both tactically and structurally as the organisation grows.
• Ensure adherence to the risk management framework in identifying, controlling, monitoring and reporting the key risks from a financial standpoint.
• Provide Finance input into systems development and guidance on optimum automation options.
• Help develop and implement the treasury and liquidity management policy.
Business
• Support the CFO in the day-to-day management and running of the Finance function.
• Implement an integrated finance, payments and accounting platform/system.
• Adopt standard and approved accounting practices for maintaining financial books and records. Adopt controls and get BOD approval for the same
• Establish ongoing finance support; e.g., monthly reporting & review, planning and forecasting cycles. Install adequate controls, including Audit (internal & external) and Group Finance. Prepare the statutory accounts and IFRS pack.
• Establish an optimum funding model as the venture grows. Review cash positions daily. Prepare liquidity forecasts for the next 3-6 months. Set up banking facilities
• Help develop and implement the treasury policy that should entail liquidity forecasting, flagging potential shortfalls/opportunities in advance and ensure adequate liquidity buffer in critical liquidity accounts. Oversee day to day liquidity, contingency planning for key FCY settlement accounts, including credit lines, buffer liquidity etc. as appropriate
• Have oversight on and manage FX requirements and exposures in line with the treasury policy.
• Be responsible for tax registration, compliance and reporting, using reputable professional services firm and/or tax advisors. Ensure accurate preparation of corporate tax return. Ensure data availability to prepare VAT/GST tax return
• Work with Product/Operations teams during new product launch / review of existing products to ensure accurate accounting, no revenue slippage and no lapse in controls
• Coordinate with SCB UAE and SCV Finance for Financial Reporting and Accounting matters
• Ensure that appropriate financial controls are in place and that working capital is managed effectively
Processes
• Establish processes for the smooth management of internal audits and gap analysis
• Set up process for payment of day-to-day expenses
• Capture revenue, determine reporting structure for both platform and regulatory, and product mapping.
• Capture third party and related party transactions (affiliate codes and reported in the IFRS pack)
• Forecast and review cash flow.
• Review and/or validate new product or account setups in TP as well as GL. Provide support in ensuring all aspects with GL related setup are adhered to
• Resolution of TP-GL breaks and timely reconciliation on an ongoing basis
• Ensuring continuous process and efficiency improvement culture is embedded
People and Talent You are an established finance leader, able to attract and inspire the smartest people with the aim of developing an all-star finance team at myZoi.
• Build, mentor and manage the finance team.
• Manage performance, wellbeing, and engagement by creating a culture of openness, achievement, and satisfaction.
• Provide leadership, direction, coaching, mentoring, and support is provided to all team members based on individual needs
• Ensure all team members have a current JD outlining the key responsibility areas of their role and how it will be measured
• Ensure all team members have the skills and experience to perform individual roles or have a development plan in place to achieve set objectives
• Ensure the company values and behaviours are consistently promoted and reinforced
• Undertake regular 1:1s and conduct annual performance & development reviews
• Provide a safe working environment for all employees and proactively manage all OH&S issues
• Be responsible for upskilling individual members of the team and encourage continuous learning and applying new ways of working
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Keyskills :
new product launchrisk management frameworkfinancial risk managementhuman skills