Chief Financial Officer (CFO)


CFO Vacant Position
Position:                         Chief Financial Officer (CFO)
Department:                  Finance and Accounting
Reporting to:                 The Chief Executive Officer (CEO)
Location:                         Hargeisa, Somaliland
We are seeking a highly skilled and experienced CFO to join our growing company. The CFO will be a key member of our excutive leadership team and will report directly to the CEO of the company.
Company Overview: Sompower was incorporated in 2016, with main objectives to provide affordable, safe, and reliable electricity services to the people of Somaliland. For the last decade, Sompower has slowly involved from more than 39 small utility companies that used to operate Hargeisa’s electricity since 1990’s. Currently, it is the largest electricity provider in Somaliland with the generation, transmission and distribution facilities spanning from the capital city of Hargeisa and western regions in Somaliland (Gebilley, Wajale & Arabsia). Sompower has implemented different renewable energy projects like Solar and wind.With this unique background, Sompower envisions to continue to shape the electricity industry of the country for the better of the country’s businesses, investment landscape and for all citizens by modernizing its facilities and way of conducting business in Somaliland
Job Summary: The Chief financial officers (CFO) must have strong analytical, strategic planning and communication skills, including an ability to work well with the chief executive officer, board members and other senior managers
Roles and Responsibilities of the CFO include to:

Execute the financial strategy of Sompower.
Provide strategic management of the accounting and finance functions
Organize and manage all finances of the company
Manage financial controls and accounting procedures
Review and ensure application of appropriate internal controls
Maintain internal control and safeguards of assets, receipt of revenue, costs, budgets and actual expenditures
Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate IFRS and regulatory requirements
Ensure full transparency over the financial performance of the company
Provide advice on how to increase revenue and reduce costs
Effectively and clearly communicate potencial risks in a timely manner
Propose action plans to ensure that financial objectives are attained
Maintain speed and accuracy of billings and customer payment
Maintain relations with external auditors and investigate their findings and implement their recommendations
Budget, forecast, and help oversee current and future investments and capital structures
Report to and work with the CEO on all financial matters
Create financial outlook reports and ensure company funds are sufficient
Manage and track budget and accounting information including billing, collections, and payments
Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements.
Report financial results to the board of directors
Other duties as assigned

Qualifications and Job Requirements

Bachelar’s degree in accounting, finance, business administration or related filed from a reputable university ( MBA preferred)
Professional accounting designation (CA, ACCA or CPA) is a strong advantage.
Minimum 7+ years of progressive experience in a senior financial managerial position
Proficient in the use of accounting and financial software packages (Quickbooks, ERPs and billing systems)
Strong interpersonal and leadership skills
Excellent oral and written communication skills
Exceptional time management and ability to problem solve under pressure
Results-driven personality eager to partner with upper management to organize, plan and achieve company financial goals

How to apply:

Interested applicants who meet the above requirements should submit their CVs with application letter by email to  ama

before the deadline appeaing below
The Closing date is 10th June 2019

SOURCE: Chief Financial Officer (CFO)

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