About the job

A. Background

The Fund seeking a strategic, resourceful, and innovative person to join its entrepreneurial executive team as a Chief Financial Officer (CFO).

B. Job Description:

Reporting to the Chief Executive Officer (CEO), the CFO will be responsible for financial management,  investor relations and reporting, including the following:

Financial Management

• Developing the fair market value (FMV) valuation for the portfolio in accordance with IFRS.
• Managing the Fund’s outsourced back-office relationship.
• Managing capital calls and overseeing notices and collections.
• Managing and coordinating the annual audit and tax returns of the Fund.
• Coordinating with tax accountants and back office to calculate tax distributions.
• Maintaining and expanding the Fund’s employee benefits offerings.
• Ensuring adequate and cost-effective insurance coverage.
• Maintaining and safeguarding the assets of the Fund by implementing financial controls.
• Negotiating and managing vendor relationships and payment invoices.
• Owning the Fund’s expense policy and managing reimbursement.
• Manage company credit cards.

Fund Reporting

• Administer the fund management system.
• Create and maintain fund, portfolio, and investor dashboards.
• Obtain and organize monthly and quarterly financial, legal documents and stock certificates for each portfolio company investment.
• Maintain up-to-date tables of the capital structures for all portfolio company investments.
• Update various online third-party databases to reflect investment activity.
• Audit portfolio company directors’ and officers’ insurance policies for compliance with requirements.

Legal

• Ensure the Fund is in full compliance with applicable regulatory requirements and government filings.
• Coordinate legal processes for fundraising, including the final execution of all LP documents.
• Maintain and develop HR policies and coordinate all legal documents with employees.
• Coordinate with outside counsel on ad-hoc legal matters.

Fundraising & Investor Relations

• Coordinate regular LP communications, including quarterly and annual report distribution.
• Respond to ad-hoc LP requests regarding capital calls, commitments, compliance, tax and other related matters.
• Coordinate the fundraising activities of the Fund.
• Identify potential funders and develop funding applications.
• Assist with diligence requests during fundraising.
• Maintain performance metrics in coordination with back-office service providers.

Portfolio Monitoring

• Oversee the production of timely and accurate financial statements by the portfolio companies.
• Support the firm’s portfolio companies in the areas of contracts, personnel issues, legal compliance, legal matters, and other issues as required.
• Actively work with the senior management teams of the portfolio companies on key strategic issues and projects that require additional management expertise.
• Serve as a Director of some of the portfolio companies or as a member of a committee of the Board of Directors of a portfolio company.

Portfolio Support (as and when required)

• Participate in strategy sessions of the various portfolio companies.
• Participate in the financial analysis of the various portfolio companies.
• Participate in the tax management and tax planning of the holding companies and their investments and the tax planning of affiliates.
• Assist in the acquisition and divestiture of investments by portfolio companies.
• Support portfolio companies in negotiations with customers and suppliers.
• Support real estate negotiations, management, and administration for portfolio companies.
• Support and participate in the management of the banking, non-bank financing and insurance relationships of the portfolio companies.
• Support the capital raise activities of portfolio companies.

Other responsibilities

• To undertake and perform such other duties and functions as may be assigned to him/her by the CEO.

C. Qualification and experience:

• Masters in Finance, Masters in Business Administration, or a Professional certificate in finance, such as CFA, CIMA, or ACCA, is required.
• 7+ years of experience in financial operations of a private fund, preferably a VC fund.
• Completing the GISI or GSE Securities Course is an advantage.
• A certificate in impact investing is an advantage.
• Experience in the Venture Capital, Private Equity, or Fund Management industry is an advantage.
• Extensive direct business experience with operating businesses at the director level within the finance function.
• Experience with and scaling startups and small and growing businesses.
• Experience with private company valuation.

D. Desired skill set:

• Good communication, writing and presentation skills.
• Highly analytical with strong attention to detail.
• Proactive, cooperative and a team player.
• Strong commercial awareness and judgement.
• High sense of integrity, confidentiality, and professional ethics.
• Ability to manage multiple projects and priorities in a fast-paced environment.
• Good knowledge of the Ghanaian private fund industry and regulations.
• Understanding of the International Private Equity and Venture Capital Valuation (IPEV) Guidelines.
• Familiarity with the Institutional Limited Partners Association (ILPA) Due Diligence Questionnaire.