Report to : Head of Finance Baobab+ [Nigeria]

Functional links : Finance teams of the subsidiary Business Teams

ABOUT BAOBAB PLUS

Baobab+ is a social enterprise that acts in the fields of access to energy and digital. Our mission: to make innovation accessible to all!

We market quality products that meet real needs. Baobab+ has equipped more than 220,000 households with lamps and solar kits and has digitized more than 80,000! We offer clients the opportunity to purchase these products through innovative financing solutions, making them accessible to the greatest number of people, especially those living on just a few dollars a day.

To date, we are present in 6 countries: Senegal, Mali, Madagascar, Ivory Coast, Nigeria and the Democratic Republic of Congo.

Baobab+ is part of the Baobab Group, a leader in digital financial inclusion. Baobab offers its services mainly to individuals, micro and small businesses in Africa and China. Founded in 2005, the group now serves more than 1 million clients with 550 million euros in outstanding loans.

MISSION

Reporting directly to the Head of Finance of Baobab+ [Country], you will be responsible for reviewing and improving monthly financial reporting (including the implementation of cost accounting), preparing management forecasts (budget and budget revisions), budget monitoring and cost optimization.

RESPONSIBILITIES

Monitoring and steering of financial performance

• Ensures the completeness and quality of data transmitted by the accounting team for monthly closings, including the review of control files for key items (revenues, inventory valuation, commissions, payroll, monitoring of loans and calculation of accrued interest, trade receivables and provisions, intra-group transactions, unrealized and realized foreign exchange gains and losses)
• Review monthly financial reporting (P&L, Balance Sheet, Cash Flow Statement) prepared by the accounting team:

1. Analyze the activity and monitor key indicators (sales growth, margin, cost of risk, commissions, fixed costs, etc.)
2. Efficiently monitor costs against budget (i.e. identify and explain variances, possibly identify cost optimization opportunities) and lead discussions with other departments with regards to budget deviations and general cost control
3. Conduct a balance sheet analysis of the subsidiary: financial ratios and cash flow ratios

• Ensure that reporting deadlines are met and actively collaborate with the Group Finance team
• Preparation of financial forecasts to be sent to investors Implement monitoring of all operational areas via KPIs and dashboards in order to improve operational excellence and efficiency across the company
• Support management decision-making by developing business cases and providing dashboards that will facilitate the analysis of the subsidiary's performance

Cash flow forecasts

• Based on the actual cash flows, prepare the 6-month cash flow forecasts on a weekly basis according to the template provided by the Group Finance team
• Identify cash flow needs and alert management
• Prepare the 6-month cash flow forecast slide for stakeholder reporting
• Analyze variances between forecasts and actual cash flows

Budget / Forecast / Business Plan

• Actively participate in the annual budget process by performing the following tasks:

1. Coordination between the different stakeholders within the subsidiary involved in the budget process (Country Director and department/cost center managers and Baobab+ Holding)
2. Autonomous management of the budget model:

• Update of the assumptions used for the budget and comparison with the current year's actual
• Excel modeling of developments deemed necessary within the budget model, in coordination with the Group FP&A Manager
• Documentation of the different versions until the final version of the budget

3. Preparation of presentations of the various budgetary submissions and the main assumptions used, follow-up of requests for modifications / justification of certain assumptions made by the Group Finance team and by the Group HQ

• Prepare quarterly budget reviews and update past months' figures in the budget model
• Independently manage the subsidiary's financial model set up by the Group Finance team and update the 5-year business plan
• Carry out the financial analyses necessary for management decision-making

Unit Economics / Pricing

• Support the implementation of analytical accounting together with the Accounting Department, management and Baobab+ Group Finance
• Prepare and regularly update the unit margin analysis model (Unit Economics) of the subsidiary:

1. Update of the data used in the Unit Economics model
2. Prepare Excel modeling in the Unit Economics model requested by the Group Finance team
3. Adding new products and new offers / payment plans for existing products

• Conduct a thorough cost analysis to identify the variable and fixed costs attributable to each product
• Engage with business and other departments to discuss necessary operational decisions on the basis of the analysis performed
• Conduct sensitivity analyses
• Prepare price analyses requested by the Group HQ of the subsidiary to assist in strategic decision making

Ad hoc missions

• Respond to internal audit requests related to cost control / FP&A matters
• Support the Head of Finance in investor due diligences and data preparation
• Track grant expenditures and budgets

PROFILE

• Minimum 5 years experience in Finance, with significant experience in cost controlling and FP&A
• Autonomy, analytical and synthesis skills
• Good knowledge of accounting principles (general and analytical) and accounting mechanisms
• Professional qualification: Minimum Skills level in ICAN or Applied Skills level in ACCA.
• Strong learning skills and desire to progress
• Knowledge of Data Analysis is an added advantage.
• Sense of initiative and strength of proposal
• Moral integrity
• Excellent command of Excel
• Proficiency on PowerPoint