Finance Manager

Company Description Qardy is the first leading online lending marketplace in Egypt and the MENA region, focused on serving small and medium-sized enterprises (SMEs). The company offers a broad range of financial programs, including long-term and short-term loans, leasing, and factoring solutions tailored to diverse business needs. Qardy’s mission is to bridge the gap in debt financing and expand access to capital for growing businesses.

By empowering SMEs, the company promotes financial inclusion and supports sustainable economic development across the region.

Job Purpose :

The Finance Manager is responsible for overseeing the company’s financial accounting, financial reporting, budgeting, treasury, liquidity, funding, and collection activities, ensuring financial sustainability, adequate liquidity, effective cash management, and timely collection of the company’s receivables.

The position provides management with accurate and timely financial information to support business decision-making and ensures compliance with the company’s financial policies, internal controls, and applicable FRA and other regulatory requirements.

Key Responsibilities:

1. Financial Management & Reporting

• Oversee day-to-day finance and accounting activities.
• Ensure accurate and timely monthly, quarterly, and annual financial closing.
• Prepare management accounts and periodic financial reports.
• Monitor the P&L, balance sheet, cash flow, and key financial KPIs.
• Analyze financial performance against budget and provide variance analysis.

2. Budgeting & Forecasting

• Prepare the annual budget and periodic financial forecasts.
• Develop cash flow, profitability, and financial forecasts.
• Monitor actual financial performance against approved budgets.
• Identify financial risks, variances, and potential funding gaps, and recommend corrective actions.
• Support management in business planning, financial modelling, and strategic financial analysis.

3. Treasury & Liquidity Management

• Manage the company’s daily cash position and liquidity requirements.
• Prepare and maintain daily and weekly cash flow forecasts.
• Ensure sufficient liquidity to meet loan disbursements and operating obligations.
• Monitor cash inflows and outflows and ensure proper cash utilization.
• Optimize the utilization of available cash and funding facilities.

4. Funding Management

• Coordinate with banks, financial institutions, and other funding providers.
• Monitor the utilization of credit facilities and funding lines.
• Track interest, fees, maturity dates, repayment schedules, and other funding obligations.
• Prepare funding requirements and liquidity plans.
• Support negotiations with lenders and funding partners.
• Ensure timely settlement of funding-related obligations.

5. Collection Management

• Oversee the collection of loan installments and other receivables.
• Monitor daily collection performance against approved targets.
• Track overdue, past-due, and delinquent accounts.
• Coordinate with the Collection and Credit/Risk teams regarding delinquent accounts.
• Ensure timely allocation and reconciliation of customer payments.
• Monitor collection efficiency, PAR (Portfolio at Risk), and recovery performance.
• Escalate significant collection issues and risks to senior management.

6. Collection Strategy & Performance

• Establish collection targets and performance indicators in coordination with relevant stakeholders.
• Monitor collection ratios, aging analysis, and portfolio performance.
• Analyze collection trends and identify deterioration in portfolio performance.
• Support the development and implementation of preventive, early-stage, and late-stage collection strategies.
• Monitor the recovery of written-off and severely delinquent accounts in coordination with the Risk and Legal teams.
• Provide management with regular analysis of collection performance and recovery trends.

7. Bank & Cash Reconciliation

• Ensure timely and accurate reconciliation of bank accounts.
• Reconcile loan collections against bank statements and the lending management system (LMS).
• Investigate and resolve unidentified, unmatched, or outstanding transactions.
• Maintain appropriate controls over cash and bank transactions.
• Ensure reconciliation discrepancies are investigated and resolved within agreed timelines.

8. Financial Controls

• Maintain effective financial controls and appropriate segregation of duties.
• Ensure proper authorization of payments, disbursements, and financial transactions.
• Monitor adherence to the company’s Authority Matrix.
• Prevent and identify unauthorized payments and financial transactions.
• Ensure compliance with approved financial procedures and policies.
• Coordinate with Internal Audit and external auditors and support the implementation of audit recommendations.

9. Regulatory & Compliance Reporting

• Ensure the timely preparation and submission of required financial and regulatory reports.
• Support compliance with applicable FRA regulations, reporting requirements, and accounting standards.
• Coordinate with external auditors, internal stakeholders, and regulatory authorities when required.
• Ensure financial records and reports are maintained in accordance with applicable regulatory and accounting requirements.

10. Loan Disbursement & Settlement

• Ensure the availability of funds for approved loan disbursements.
• Verify the financial aspects of disbursement requests in accordance with approved procedures.
• Ensure proper recording of loan disbursements, repayments, fees, interest, and related transactions.
• Reconcile the loan portfolio between the LMS and accounting system.
• Ensure timely and accurate settlement of loan-related financial transactions.
• Investigate and resolve discrepancies between operational and accounting records.

11. Management Support

• Provide management with financial analysis, insights, and recommendations to support decision-making.
• Support pricing decisions through analysis of funding costs, operating costs, and expected returns.
• Provide financial inputs and analysis to the Credit, Risk, and Pricing Committees.
• Participate in strategic planning and key financial decisions.
• Provide management with regular updates on liquidity, funding, collection performance, profitability, and financial risks.

Requirements

• 10–15 years of relevant experience, preferably within SME lending or the NBFI sector.
• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Strong experience in financial management, accounting, budgeting, treasury, liquidity, and financial reporting.
• Proven experience in funding, cash flow management, collections, and financial controls.
• Strong knowledge of FRA regulations and applicable accounting standards.
• Preferably, the candidate should have successfully passed the FRA interview, where applicable.