BUY A JIKOKOA
BURN | VP Finance / Chief Financial Officer
Burn Manufacturing is the maker of fuel-efficient, clean-burning cook stoves that integrate advanced technology and user-centric design with low-cost, locally-based manufacturing. Burn Manufacturing is the only clean cook stove company delivering sustainable, market-based cooking solutions to low-moderate income households in Africa and beyond. Join the clean cook stove revolution.
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VP Finance / Chief Financial Officer

VP Finance / Chief Financial Officer

BURN Manufacturing Co. designs, manufactures and distributes aspirational fuel-efficient cooking products that save lives and forests in the developing world.  BURN is the leading cookstove company in sub-Saharan Africa and has revolutionized the global cookstove sector by proving the business case for selling high quality, locally manufactured and unsubsidized cookstoves.

Since 2013, BURN has sold 300,000+  jikokoa™ stoves in East Africa. These stoves have helped 1,500,000+ beneficiaries save $61 million in fuel expenditures and 1,050,156 tons of wood while reducing indoor air pollution by 65%. BURN currently sells ~13,500 stoves per month and are on track to double sales over the next 12 months.

You, as our ideal VP Finance/CFO candidate, are someone who cares deeply about BURN’s mission. You have deep financial and management expertise and are excited about being hands-on, without getting lost in the weeds. You are a problem-solver, a direct and candid communicator, and a thoughtful change agent. You are a natural manager, able to guide our financial strategy and management while working in a complex, constantly changing and resource-constrained environment. You are able to provide clear, consistent financial leadership to inspire excellence with your team, building a sense of shared values and goals.

As part of our lean 5-person senior management team – and as one of the closest advisors to the CEO and global leadership team – you will play a key role in shaping the future of our organization as it grows from our current manufacturing hub in Kenya to multiple hubs across Sub-Saharan Africa.

You will oversee the company’s financial systems, fundraising and investor relations with the following specific responsibilities:

Strategy & Planning:

  • Assist in formulating the company’s growth strategy and supporting related tactical initiatives
  • Monitor and direct the implementation of financial elements of business plans
  • Develop financial and tax strategies
  • Lead budgeting, forecasting, and financial modeling efforts
  • Manage the annual budgeting processes and quarterly forecasts
  • Develop performance measures that support the company’s strategic direction
  • Work with tax consultants to develop strategies for expansion and intercompany relationships

 

Operations:

  • Leadership of the Kenya Finance Department and, as they are launched, leadership of BURN finance teams across Sub-Saharan Africa
  • Participate in key decisions as a member of the executive management team
  • Provide strategic direction and oversight on the accounting and financial day to day operations ensuring that processes are robust and being executed correctly by the team.
  • Carry out periodic reviews of the financial operations and linkages with other departments and recommend and implement changes and improvement.
  • Establish and maintain scalable financial systems, processes and policies

 

Financial Reporting

  • Review all month end reporting from finance managers and oversee the issuance of financial information
  • Create reporting formats that are appropriate and specific for each set of key stakeholders (i.e. BoD, lenders, equity investors, other third parties)
  • Present financial information and new strategic plans and progress on ongoing projects to the board of directors

 

Compliance & Risk Management:

  • Create, and regularly update, a risk profile for the company
  • Understand and work with finance managers to mitigate key elements of the company’s risk profile
  • Construct and monitor reliable financial controls
  • Ensure that the company complies with all legal and regulatory requirements and all required audits and tax returns are completed and filed timely
  • Report risk issues that are identified to the board of directors
  • Investigate any findings and recommendations that come from audit reports, or other reviews carried out by third parties

 

Treasury Management

  • Monitor cash balances and cash forecasts
  • Analyze working capital needs of the company and work with third parties to secure facilities
  • Work with department managers on preparing monthly cash flows and feeding these back into detailed cash flow projections to provide real-time information

 

Fundraising

  • Ensure that the company has appropriate capital structure and sufficient funds to achieve its goals
  • Maintain relationships with local and international lenders
  • lead international debt and equity fundraising efforts, managing process for the preparation of IM to disbursement
  • initiate in-country fundraising efforts for debt from local banks
  • Represent the company with investment advisers and investors

 

HR, IT and Legal

  • If appropriate, the candidate may take over management of the HR, IT and/or Compliance Departments

 

Qualifications and Competencies

Required

  • 3-year Finance experience outside East Africa
  • Bachelor degree specializing in Finance or Accounting
  • Strong leadership and management skills
  • Proven financial and treasury management skills
  • High level of oral and written communication skills
  • Demonstrable experience in leading organizations to profitability
  • Working knowledge of accounting systems

 

 REMUNERATION:  Commensurate with experience.

CLOSING DATE: Open until suitable candidate is found.
LOCATION: Nairobi, Kenya

To apply, please attach your CV and cover letter named with the filename convention:
First Name, Last Name_ VP Finance _CV/Cover Letter_Month, Year to [email protected]

 

 

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