Finance Manager: Kgodiso Development Fund at PepsiCo

About The Role
The Finance Manager, under the leadership of the fund’s Executive Director, will be responsible for the day-to-day operations and management of all grant and loan funding, financial accounting, budget, and administrative processes for the Kgodiso Fund. The Finance Manager will implement and manage systems to ensure effective financial management of the Fund and activities linked to the Fund. In collaboration with the management team and the board of trustees, The Finance Manager will develop and oversee the implementation of short and long-term performance measurements and tracking processes, including but not limited to those related to the strategic plan. The Finance Manager will oversee the monthly financial reporting, annual audit process, and annual tax return filing performed by third party suppliers. In addition, the Finance Manager will manage contracts with outside consultants and vendors, as well as the payroll of the management team and trustees.

Responsibilities
Management of Fund Finances: Provide reporting of monthly income statement, balance sheet and cash flow. Provide financial reports and interpret financial information to the board and management team while recommending further courses of action. Ensure that all financial transactions are done with integrity and cost-effectiveness and are necessary for achieving the programme goals. This includes maintaining the financial health of the organization, analysing costs, pricing, variable contributions, and fund performance compared to business plans. Develop trends and projections for the Fund’s finances and conduct reviews and evaluations for cost-reduction opportunities. Prepare and submit all fund financial statements/reports, financial forecasts (monthly, quarterly and annually).

Portfolio Management: Assist with the portfolio analysis and valuation. Liaise with investment managers to review and refine the valuations of holdings. Review and report on key performance indicators of the portfolio. Liaise with portfolio company finance manager and ensure the smooth running of the internal portfolio financial data system. Develop deal database management to track investment accounting data from external providers. Oversee and confirm the accuracy of capital calls and distributions to investors.

Loan Funding: Financial management responsibilities including funds disbursement, funds transfer requests and acquittals, and financial reporting. Evaluate credit worthiness by processing loan applications and documentation within specified limits. This will include interviewing applicants to determine financial eligibility and feasibility of granting loans and determining all applicable ratios and metrics and set up debt payment plans. Determine and classify the possible financial risk and problems that could be encountered. Manage loan collections and ensure that the policies of the fund are implemented.

Financial Administration: Maintain an overview of fund expenditure against fund work plan and budgets, complete a variance analysis. Coordinate internal fund audits and oversee external fund audits. You will be responsible for evaluating and optimizing financial controls and procedures, updating daily transaction records, and assisting with payroll administration, managing accounts receivable and payable. Reconcile existing transactions through cross-referencing of incoming and outgoing data and identifying and driving process improvements, including the creation of standard and ad-hoc requests, tools and excel dashboards. Enforce all of the Kgodiso Fund’s compliance policies and establish the relevant financial management processes and procedures relating to those policies.

Fundraising: Develop and implement a comprehensive fundraising strategy for the Development Fund – this can include soliciting gifts from major donors, foundations and government grants, corporate sponsorships, partnership investments and other financial institutions both locally and internationally.

Qualifications/Requirements

Qualifications

Proven experience as a financial manager with any combination of the following fields:

1. Financial sector as a financial analyst or manager at a fund, an FMCG company, bank
2. Knowledge of the Agriculture and Food & Beverage value chain
3. Development finance and capital raising

• Extensive finance acumen and understanding of financial trends and market patterns

1. High proficiency in financial modelling techniques, a solid understanding of financial statistics and accounting principles
2. Strong fluency with Excel and PowerPoint
3. Strong analytical and data gathering skills
4. Strong interpersonal, communication and presentation skills
5. Working knowledge of all statutory legislations and regulations

• Strong interpersonal, communication and presentation skills
• Highly independent, proactive, and entrepreneurial
• Proven visionary leader with collaborative style and ability to build strong relationships and partnerships with key stakeholders
• Strong fundraising, marketing, and public relations experience with the ability to engage a wide range of stakeholders and cultures
• Investor and donor program management in terms of governance, impact and program reporting requirements
• Bachelor’s degree in finance as a minimum qualification, with MBA, Master’s degree or equivalent preferred