Chief Financial Officer (CFO), FINCA Tajikistan
Job Announcement
FINCA’s network of 20 community-based microfinance institutions and banks use fintech to expand financial inclusion, offering innovative, responsible and impactful financial services to low-income clients.
FINCA Tajikistan was founded in 2003 as a non-profit organization devoted to expanding financial inclusion to low-income entrepreneurs. Operated by a team of dedicated employees, FINCA Tajikistan first specialized in providing agricultural loans to rural borrowers. Since then, the microfinance institution has continued to develop innovative financial products and services while delivering a double bottom line of profitability and positive social impact. The institution now serves Dushanbe as well as the northern and southern regions of the country.
FINCA Tajikistan currently provides responsible finance to more than 30,000 clients through a network of 32 branches and sub-branches located throughout the country and via expanding digital channels. FINCA Tajikistan uses its diverse delivery channels to expand financial inclusion to individuals, families and communities that need it most. More than two-thirds of FINCA Tajikistan clients live in rural areas.The institution employs Digital Field Automation (DFA), a tablet-based tool that allows client relationship officers to visit clients and process loan applications in the field.
FINCA Tajikistan has become a leader in the microfinance sector in Tajikistan by fulfilling the FINCA Impact Finance purpose of being an unconventional, community-based financial institution that profitably and responsibly provides innovative and impactful financial services to enable low-income individuals and communities to invest in their futures.
The Chief Financial Officer (CFO) is directly responsible for managing all finance and accounting activities of FINCA Tajikistan, and supervises all its finance staff. S/he will ensure that the finance activities of FINCA Tajikistan will support FINCA Tajikistan in pursuing its mission with a minimum of risk and a maximum of efficiency. As a member of the Management Team/Board, s/he shares responsibility for the overall performance and activities of FINCA Tajikistan, and participates in making decisions on material issues.
ESSENTIAL DUTIES include the following. Other duties may be assigned.
 Manage generation of financial statements according to local accounting standards
 Manage timely reporting to relevant local authorities (central bank, tax office, etc.)
 Manage timely reporting to FMGS and hub
 Analyze financial data and develop financial analysis as a key management tool with the aim of optimizing FINCA Tajikistan’s activities: identify risks, inefficiencies, negative tendencies, and propose measures that reduce risks, improving efficiency, and reverse negative tendencies
 Create/modify procedures such that they are low-risk and efficient
 Ensure compliance of FINCA Tajikistan with financial covenants in agreements with creditors and donors
 Create cash flow forecasts
 Ensure availability of sufficient resources for lending in the required currency
 Manage all financial transactions with creditors, banks, donors
 Manage the planning and budgeting process of FINCA Tajikistan
 Act as the coordinator and main contact person with external auditors

 Keep all Management Team/Board members informed about relevant issues/developments in FINCA Tajikistan’s finance activities and department
 Participate/vote in decision-making (with Management Team/Board Members) on relevant “Finance” and “Non-Finance” issues
 Manages relationships with all Lenders, both local and external, in concert with the CMG Team in HQ.
 Manage the ALCO Process as the principal representative of the local subsidiary.
Job Requirements
 Extensive experience in best-practice financial management of a company, desirably a financial institution.
 Outstanding interpersonal, communication and training skills.
 Strong business management and negotiating skills.
 Excellent technical report writing skills and computer literacy.
 Strong analytical and organizational skills.
 Good understanding of IT issues and the role and possibilities of IT in financial management.
Education & Experience
 Master’s Degree in Business, Finance, Economics, Management or Marketing (or equivalent work experience)
 CPA, or Chartered Accountancy qualification
 Commercial banking or/and financial services experience desirable
 Experience working inTajikistan (preferred)
Language Skills:
Fluency in English, Russian, Tajik is a plus.
Key Deliverables
 Create/develop appropriate reports: financial ratios; liquidity report; currency gap report; various credit reports; breakdown by branches/regions; breakdown by products; plan-fact comparison; historic development; other as required/appropriate
 Ensure compliance of FINCA Tajikistan’s finance activities with the Charter/bylaws of the subsidiary; FINCA and subsidiary policies, procedures, plans and agreements; decisions of subsidiary governing bodies as well as headquarter and regional office supervisor(s); maintain good coordination with regional office, headquarters, and governing bodies
 Present relevant “Finance” issues to the Management Team/Board for information, discussion, decision making
Key relationships
 Subsidiary Chief Executive Officer
 Subsidiary Chief Operations Officer
 Global Chief Financial Officer
 Subsidiary finance team
Travel Requirements
Availability and willingness to travel up to 25% of the time
PHYSICAL DEMANDS Ability to travel in economy class when traveling by air or rail.
How to apply
If you wish to apply for this position, please use the FINCA’s global applicant tracking system found under Only online applications will be considered.