Tadawul Technology is seeking a highly motivated Chief Financial Officer to lead the finance and accounting department. We are the leading company providing electronic payment solutions in the Libyan market. We launched are services in April 2015 and are currently executing an aggressive growth plan to establish the country’s first effective payments acceptance network infrastructure. As of the end of 2015 we have deployed over 500 point of sale terminals at merchants across Libya. The terminals enable consumers to top up their mobile phone and internet service provider accounts replacing the current market paradigm of distributing airtime via scratch cards. This solution brings several advantages to consumers, retailers, and service providers. Our objective is to increase the number of terminals in our network to over 2000 by the end of 2016 and rollout additional bill payment services to enhance the value proposition of the network.
In addition to the electronic bill payment products, we are in the process of rolling out a solution for fuel cards which will replace fuel “coupons” used by large corporations in Libya. This partnership with the largest fuel station operator will complete its pilot phase by the end of Q1 2016 after which we plan to aggressively deploy terminals to their entire network of over 150 stations. If successful we anticipate successfully addressing the rest of the fuel station market through the other operators, establishing a monopolistic position in this segment of the payments business.
In 2016 we will also be launching MasterCard-branded prepaid cards for travel and use on the internet as well as local currency debit cards that can be used at our top up merchants to pay for goods and services. This initiative is being done in cooperation with several local financial institutions to accelerate the number of customers and our reach in the prepaid and debit card segment.
Tadawul was established in 2013 as a joint venture between the HB Group (Libya’s largest private business group), Maghreb (a Libyan focused private equity group), and Wirecard AG (one of the global leaders in mobile and electronic payments). The company has 45 employees and is based in Tripoli, Libya. It is led by a dynamic CEO who is one of the most experienced executives in the Libyan retail and mobile telecommunications industry. The Company has entered a rapid growth phase and the shareholders and CEO require an equally competent executive with extensive experience in all aspects of financial accounting, tremendous energy, and a passion for building new businesses.
The specific requirements are outlined below. The most important professional attribute for this position is flexibility. Tadawul is a startup and therefore the organization is evolving. To succeed the candidate must be a self-starter and willing and able to multi-task across several functions simultaneously.
The position comes with a solid base package, a performance bonus, and equity participation. The CFO will participate in weekly dialogue and presentation to the board of directors and together with the CEO be responsible for executing the company’s 3 year business plan. Tadawul Technology represents one of the most exciting companies in the electronic payments business in emerging markets today. The company has a “winner takes all” opportunity in Libya to establish a long term monopolistic position in the country. The right candidate will leverage his experience to deliver on this opportunity and be professionally and financially rewarded for success.
Degree educated (or equivalent) ideally in finance or economics
Fluent English (written and spoken), fluent Arabic (written and spoken)
At least 10 years’ experience working in senior financial positions in consumer, retail, or technology companies in an emerging market environment
Extensive knowledge and experience with accounting, financial planning, financial modeling
Experience working with banks on issues related to debt and working capital finance
Experience managing financial auditing processes
Strong communication and presentation skills
Proven track record for establishing financial systems management information systems in rapidly growing business
Effective leadership, planning, and motivational capabilities
Strong teamwork, interpersonal skills, and problem solving skills
kindly please send your CV to the Email: email@example.com
Tadawul Technology is seeking a highly motivated Chief Financial Officer to lead the finance and accounting department. We are the leading company providing electronic payment solutions in the Libyan market. We launched are services in April 2015 and are currently executing an aggressive...