Chief Financial Officer (CFO)
Job Purpose
The primary purpose of this position is to provide strategic financial leadership and oversight of ESTVA's financial management functions. The role ensures long-term financial sustainability through effective financial planning, cost management, resource mobilization, regulatory compliance, and strong financial controls. The Chief Financial Officer (CFO) is accountable for driving the financial turnaround strategy, including cost reduction, pension debt resolution, ERP implementation, and fostering a culture of financial discipline, transparency, and accountability. The position reports to the Chief Executive Officer (CEO).
Key Responsibilities
- Lead the implementation of ESTVA's financial turnaround strategy to achieve long-term financial sustainability.
- Diversify ESTVA’s revenue streams and reduce reliance on government subvention through innovative commercial initiatives and sustainable business models.
- Establish and maintain robust budgetary controls, financial reporting systems, and performance monitoring mechanisms to achieve turnaround targets.
- Reduce the wage bill and operational costs through effective budgeting, financial planning, and cost-containment initiatives.
- Develop and implement debt reduction strategies to resolve pension fund liabilities and improve the organization's financial position.
- Align workforce costs and payroll expenditure with approved organizational and HR reform initiatives.
- Strengthen stakeholder confidence through transparent, accurate, and timely financial reporting to the Board, Government, regulators, donors, and other key stakeholders.
- Ensure compliance with the Broadcasting Act, statutory obligations, tax requirements, and other applicable governance frameworks.
- Support marketing, sales, content development, and stakeholder initiatives through sound financial planning, analysis, and resource allocation.
- Implement and optimize ERP and financial management systems to improve operational efficiency, accountability, and decision-making.
- Strengthen procurement, expenditure management, internal controls, and financial governance processes.
- Oversee statutory remittances, payroll administration, treasury management, and financial workflows to ensure operational effectiveness and compliance.
- Drive continuous improvement initiatives that enhance business processes, cost efficiency, and organizational performance.
- Build financial governance capacity by developing policies, procedures, manuals, and control frameworks that promote accountability and sound financial management.
- Lead, mentor, and develop the finance team, including training on ERP systems, compliance requirements, and emerging financial management practices.
- Foster innovation in financial systems, reporting, and resource mobilization, while building strategic partnerships with financial institutions and other stakeholders.
Key Knowledge requirements
- knowledge of public sector financial management and government funding frameworks.
- Understanding of advertising, licensing, sponsorship, and donor funding models.
- Statutory, regulatory, audit, and reporting requirements.
- Implementation and management of financial systems.
Key Competencies
- High level of integrity, resilience, innovation, and professionalism.
- Financial governance, compliance, and risk management capability.
- Financial analysis, budgeting, and decision-making ability.
- Stakeholder engagement, influencing, and relationship management skills.
- Change management, operational improvement, and problem-solving capability.
Qualifications and Experience
- Bachelor’s Degree in Accounting, Finance, or Economics
- Master’s Degree in Finance, Business Administration, or Strategic Management, or a related field is an added advantage.
- Professional qualification such as Chartered Accountant (CA), ACCA, or CIMA.
- Minimum 10 years’ experience in finance roles, with 5 years at a senior management level.
- Experience within public enterprises, broadcasting, or corporate organizations.
- Demonstrated success in resource mobilization, debt restructuring, and surplus generation; ensures sustainability.
- Experience in statutory compliance and financial reporting; ensures accountability.
Closing date for receipt of applications is 28 October 2026. Only emailed applications will be accepted. Late applications shall not be accepted. Written applications clearly stating the position applied for accompanied by a comprehensive Curriculum Vitae and certified copies of academic certificates should be submitted to the Recruitment Manager.
