Capital Market Authority (CMA) is a specialized organ established by Law No.057/2021 bis of 18/09/2021 with dual mandate of developing and regulating the capital market industry, commodities exchange and related contracts, warehouse receipts systems and collective investment schemes. It operates under the supervision of the Ministry of Finance and Economic Planning (MINECOFIN).CMA is an active member of the East African Securities Regulatory Authorities (EASRA, and an associate member of the International Organization of Securities Commissions (IOSCO).

Website: https://www.cma.rw

JOB VACANCY ANNOUNCEMENT

Background

Capital Market Authority (CMA) is a specialised organ established by Law No.057/2021 bis of 18/09/2021 with dual mandate of developing and regulating the capital market industry, commodities exchange and related contracts, warehouse receipts systems and collective investment schemes. It operates under the supervision of the Ministry of Finance and Economic Planning (MINECOFIN).

CMA is an active member of the East African Securities Regulatory Authorities (EASRA, and an associate member of the International Organization of Securities Commissions (IOSCO).

JOB DESCRIPTION

MANAGER – FINANCE AND ACCOUNTING

Job Purpose

Reporting to the Head – Corporate Services, the Manager – Finance and Accounting is responsible for providing strategic financial advice and accounting management services within the Authority; management, maintenance and reporting of financial data, the monitoring of management controls and business processes to ensure compliance with statutory requirements, standards, Government relevant policies, legal and regulatory framework and business procedures as well as best practices. Its role also entails safe custodianship and management of the Authority funds and Investor Compensation Fund (ICF). The division is further responsible for coordination of budgeting and planning activities, annual and periodic activities report

Job Specifications

The duties and responsibilities entail:

  • Developing and implementing strategies and programmes to help execute the mandate of the Finance and Accounting Department;
  • Coordinating financial reporting and maintenance of accurate financial records;
  • Overseeing data analysis and provide financial guidance to Management and the Board for decision-making;
  • Engaging with process owners to ensure consistent application of value for money principles in the conduct of the Authority’s business activities;
  • Maintaining and enhancing sound financial business processes and procedures, systems and internal controls in compliance with accounting international standards and industry best practices;
  • Coordinating the development, monitoring and review of the Directorates and Authority’s operational budgets;
  • Coordinating both internal and external financial audits;
  • Managing the Authority’s payroll business processes and procedures;
  • Coordinating investments undertaken by the Authority including the Investor Compensation Fund (ICF);
  • Overseeing cash flow management including collections and supplier payments;
  • Overseeing the maintenance of the asset’s registers;
  • Driving adoption of technology for enhanced efficiency for the Finance and Accounting business activities;
  • Responsible for planning and tracking the execution of the Authority’s plans as set out in the Authority’s strategic plan and industry development plans [Capital Market Master Plan (CMMP), etc.]
  • Developing, coaching, motivate and appraising staff performance in the Department;
  • Undertaking any other duties as may be assigned from time to time.

Recognized Qualifications

For appointment to this position, a candidate must have:

  • Master’s or Bachelor’s Degree in any of the following fields: Finance, Accounting, Business Administration or any other field related to the position;
  • Professional qualifications in Accounting or Finance such as ACCA, CPA or CFA will be an added advantage
  • At least five (6) years of related work experience for Senior Manager and five (5) years for Manager, please attach evidence
  • If with professional qualification, membership of professional accounting or finance body in good standing such as the Institute of Certified Public Accountants of Rwanda (iCPAR) or its equivalent;
  • Meet the requirements of the Statute governing the management of CMA staff.

Skills and Abilities

  • Strong written and verbal communication skills, including the ability to prepare and present reports or recommendations to the Management and Staff;
  • Excellent computer literacy skills including knowledge of Microsoft Office, E-mail, Internet, website navigation, and report writing tools;
  • Ability to work independently and as part of a team; with strong collaboration, negotiation, and teamwork skills.

Application procedure

Interested and qualified candidates should submit their applications online to the following email: recruitment@cma.rw. Applicants must submit the following documents in PDF format:

  1. An application letter addressed to the Chief Executive Officer
  2. A detailed Curriculum Vitae
  3. Copy of academic degree(s) and Certificates
  4. Proof of previous relevant working experience
  5. Copy of National Identity and/ or passport

The deadline for submission of applications is 1st November 2024.

For more details, please refer to CMA website https://www.cma.rw/ under careers.

Capital Market Authority