Job vacancy Term Of Reference Recruitment of Financial Manager for the Genale Agriculture Union of Coops

Ethiopia

About Genale Agriculture Union of Coops
The Genale Agriculture Union of Coops (Genale Agri Union) has just been formed (April 2024) for the nine primary irrigation coops that were established by IKEA and UNHCR in 2017.


About the Share Farming ModelThe innovative share farming irrigation model aims to enhance the commercial sustainability of 1,000 ha of irrigated land, operated currently by nine joint refugee/host primary cooperatives with 30km of concrete canals & pumps across nine sites. The model will contribute to local job creation, food security, livestock resilience, and regional import substitution, utilising the perennial Genale River and adjacent fertile soils to produce vegetables, fruit, grains, oilseeds & forage.
The Share Farming Model Is being Implemented jointly by the International Finance Corporation (IFC) and Sahel Agriculture Mauritius (Ltd). IFC, a member of the World Bank Group, is a development institution focused on building the private sector in emerging markets. IFC supports private sector development in Ethiopia through a combination of directly responsible investments in private firms and the provision of technical assistance in support of the Government of Ethiopia’s economic plans, progressive refugee policy, and pledges for inclusive local economic development.
Sahel Agriculture (Mauritius) Ltd, a highly experienced operator with wide ranging experience in  climate-smart agriculture has been selected as the farm management company (ManCo) to work with  the newly created Genale Agri Union of nine primary cooperatives under a share farming,  arrangement. The Sahel team has extensive experience in Africa and has worked with smallholder  farmers across many parts of Africa. Their experience encompasses broad climatic and agricultural experience including lowlands, arid and semi-arid climates. Under IFC’s oversight, Sahel is expected  to help the nine primary cooperatives combine their assets into the Genale Agri Union, a local Operating Company (OpCo), and transfer the necessary skills to transform the current operations into a viable business.
Sahel and IFC are looking to assist the newly formed Genale Agri Union in recruiting a Financial Manager, who would be jointly responsible with Sahel in providing comprehensive support,  to ensure the sustainability of the Union

Objectives of the role

• To manage all financial aspects and promote the interests of the Genale Agri Union

Duties and responsibilities

• Implementation and management of the approved Annual Budget and longer-term Financial Plans.
• Ensure financial performance aligns with target IRR, goals, and objectives in the financial plans.
• Oversight of day-to-day financial operations, including resource management and financial reporting.
• Manage financial systems and software for accurate financial reporting, analysis, and optimization.
• Provide financial analysis, insights and financial reports on monthly management accounts, including profit & loss, cash flow, and balance sheet statements.
• Ensure training and development programs are in place for financial staff to enhance their skills and efficiency.
• Manage procurement processes to ensure cost-effective acquisition of necessary resources within budgetary constraints.
• Provide financial guidance to ensure Coops comply with relevant local laws and regulations.
• Support the implementation of the Union’s Environment and Social Action Plan from a financial standpoint.
• Coordinate and manage financial audits conducted by external auditors and address audit findings and recommendations to the Management Committee and Sahel.
• Collaborate in the annual compilation of operational budgets and financial plans for the Union. Participate in the selection and appointment of skilled financial team members with approval from the Management Committee and Sahel.
• Participate in regular Advisory Meetings to provide financial insights and perspectives.
• Ensure smooth communication and cooperation with all Government departments relevant to the Union’s financial activities.
• Ensure compliance with all relevant financial regulations, accounting standards, and reporting requirements.
• Mitigate operational, financial, investment, and legal risks to protect the Union, its Committees, employees, members, and assets.
• Develop and execute strategies to establish and maintain a sustainable competitive advantage for the Union from a financial standpoint.
• Conduct in-depth financial analysis to assess performance, identify trends, and make recommendations for improvement .Oversee cash flow forecasting, monitoring, and optimization to ensure liquidity and meet financial obligations.
• Develop tax planning strategies to minimize tax liabilities while ensuring compliance with tax laws and regulations.

For more detail you can refer the following link 

• https://drive.google.com/file/d/1Edw6VCN8-zwiF0PpqzrYuR_Njxya7NSj/view?usp=sharing

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28 May, 2024 (7 days left)