Chief Financial Officer

Kampala, Central Region, Uganda · Finance · TUG|CFO|12|2017


Title: Chief Financial Officer

Reporting To: Chief Executive Officer

Duty Station: Kampala

Job Opening: December 6, 2017

Application Deadline: January 31, 2018

Job Summary:

Tugende is hiring a CFO to join our leadership team and drive growth as we continue to build the leading productive asset finance company across East Africa. Our core values are Empathy, Always Growing, Work as a Team, Solutions Oriented, and Integrity. In addition to meeting our core values and a history of excellent performance, the successful candidate will have:

Profiles: Examples of backgrounds for strong candidates include:

What does Tugende Limited do?

Tugende is building the leading productive asset finance company across East Africa. Our flagship product helps motorcycle taxi drivers own their own motorcycles in nineteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety. Across Uganda, and many other emerging markets, motorcycles help drive the economy, mitigating traffic jams and bad roads as well as offering hundreds of thousands of jobs for those with little formal education.

Tugende is proving that millions of self-employed entrepreneurs can receive credit to own the equipment they use to provide for their families, even without credit histories, collateral, and in industries considered high risk by traditional lenders.

Tugende means “let’s go” and both signifies our mission and is the actual phrase used when climbing on a motorcycle taxi.

We currently serve over 4,000+ customers across 7 offices. We plan to expand to at least 10 locations in Uganda over the next 1-2 years and then to regional neighbors including Rwanda, Kenya, and Tanzania.

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The Successful Candidate:

The successful candidate should have a desire to dive into Tugende’s challenging business environment and lead our crucial finance division, with an aim to raising over $20M in the next 2 years, growing geographically and into new products, and preparing to list in East Africa in the next 5 years.

Today we are growing quickly and are expanding our team (of 160+), our branch network (incl. into other countries in East Africa), and our portfolio of assets. The candidate has experience managing the finances of a growing global enterprise; they are good at establishing policies and processes, developing relationships with disparate stakeholders, and dealing with ambiguity.

This individual must have transactional Corporate Finance experience – they have been on the business, investor or the business side of complex capital raises, including initial public offerings (IPOs), private equity / mezzanine transactions, and mergers & acquisition (M&A) transactions.

Finally, this individual is motivated by solutions that are profitable while providing a social good; they will become a critical driver of our culture and will perform their duties in accordance with Tugende’s Core Values: Empathy, Always Growing, Work as a Team, Solutions Oriented, and Integrity.

Key Responsibilities:

Strategy & Planning

Serve as a key leader in the formulation and execution of Tugende’s strategic direction.

Finance Operations

Oversee the day-to-day functioning of the Finance department:

Treasury Management

Monitor Tugende’s cash position.

Corporate Finance

Arrange for additional funding, as necessary, optimize existing investment mix, and play a key role in investor relations.

Risk Management

Understand the current and potential risks to which Tugende is subjected and take steps to mitigate them.

Professional Development

Continually update finance-related knowledge and skills by:


Qualifications & Experience:

Required Competencies & skills:


What will you gain?

Hours and compensation: This position is for a full-time employee who can take on additional responsibilities as new tasks and projects come up.

Meaningful Work: Tugende’s work gives entrepreneurs the tools to earn a living for themselves and their families. We are changing the face of the boda industry in Uganda, and proving that young men with little education can take on the responsibility of financing a significant asset and earning a liveable wage. Help be part of this movement!

Great Team: Tugende has a smart, fun, and growing team of 160+ Employees. We take our work seriously, but love to joke and have fun. We regularly have fully-paid, voluntary team outings, as well as fun parties for our clients. Our headquarters are in Kampala, and we also have offices in Eastern and Western Uganda.

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