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November 18, 2023

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  • Full Time
  • Ghana

Wangara Green Ventures

Wangara Green Ventures (the “Fund”) is an SEC-licensed Venture Capital Fund that invests between GHS500,000 and GHS5,000,000 in green Small and Growing Businesses (SGBs) with a positive climate impact and job creation potential. The Fund aims to invest quasi-equity instruments in these green SGBs and assist them in achieving their environmental and social impact while ensuring long-term profitability. The Fund’s priority sectors include climate-smart agriculture, renewable energy, energy efficiency, waste management, water management, and other climate-friendly businesses.

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.

To apply for this job please visit www.linkedin.com.

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