Background

CA Maldives is the statutory body mandated with regulating and developing the accounting profession of the Maldives. The institute is also mandated with registering and licensing parties for audit and assurance services, as well as registering financial professionals as its members. The Institute was established on 8^th September 2020, following the ratification of the Maldives Chartered Accountants Act (13/2020), by the President.

CA Maldives is looking for a dynamic, energetic, and visionary Chief Executive Officer (CEO) to lead the Institute as it embarks on the next phase of its growth and development.

Key responsibilities

The Chief Executive Officer is responsible for developing and recommending policy options in collaboration with the committees on issues affecting the profession, articulating CA Maldives positions, implementing all projects approved by the Institute’s governing Council, and overseeing the administrative and operational management of the Institute’s activities. The CEO will work closely with the Council, committees and staff to support the institute’s mission and will report to the Council.

In addition to, or elaborating, the basic role stated above, the CEO has the following responsibilities:

• Work in close cooperation with the elected President, who is also chairperson of the governing Council, the Vice-President, and the Management and Finance Committee.
• Be a proactive leader in the forefront of identifying new and changing issues, whether regulatory, political, technological or other.
• Develop and maintain effective working relationships with internal and external stakeholders and operate as a principal spokesperson.
• Develop strong “teamwork" relationships with staffs and committee members to creatively and resourcefully promote the Institute’s agenda and to achieve the Council’s goals.
• Formulate, in conjunction with the Council, and its sub-Committees, a strategic direction focused on the future of the accountancy profession and implement the strategic direction.
• Develop and implement a comprehensive, pro-active external and internal communication strategy to present CA Maldives’ mission, philosophy, programs and activities.
• Promote the effective use of new technologies.
• Oversee the management of staff, provision of institute’s services under its strategic plan, safeguarding of assets, risk management, preparation and implementation of budgets, preparation of annual financial statements and annual report.
• Motivate, develop and reward staff.
• Be committed to sustainable practices and reporting.

Desired skills, characteristics and competencies

The CEO must have:

1. A keen interest, genuine passion for, and deep personal commitment to the mission of CA Maldives.
2. The ability to work effectively with the Council.
3. The ability to develop, motivate and supervise committed staffs and volunteer leaders to further the mission of CA Maldives.
4. The ability to conduct outreach and build consensus to facilitate the adoption of international best practices.
5. An intellectual understanding of the role of accounting in the functioning of organization
6. Knowledge of, ability to navigate, complex issues arising in a start-up.
7. The ability to manage and balance the demands of multiple stakeholders, with different interests. The CEO must be able to vary between being a leader, a facilitator, collaborator, as appropriate, in order to reach consensus. As part of this set of abilities, the CEO should have empathy for, and understanding of, start-ups.
8. Excellent communication skills, to effectively serve as the local voice of the profession; present, defend and negotiate sensitive and complex issues; listen effectively and clarify information as needed; and identify and obtain input from key stakeholders representing a wide spectrum of opinions.

The ability to perform these skills should be considered a combination of intellectual knowledge, and a demonstrated track record that shows successful application of the skill.

Personal Attributes

Finally, the CEO should have many of the personal attributes associated with being a dynamic leader. At a minimum, the CEO should be:

1. Ethical and fair. CA Maldives CEO must embody the highest ethical standards in all of his or her dealings.
2. Neutral and independent. The CEO should not have any conflicts of interest.
3. Diplomatic. The CEO must be able to understand differing points of view from representatives of the accountancy profession and from representatives of public interest boards,
4. Strategic thinker. The CEO must be able to create a culture in which both short and long range goals of the Institute can be achieved.
5. Team builder. The CEO must be able to work effectively with all of CA Maldives’s stakeholders and must be able to unite them behind important initiatives.
6. Goal oriented. The CEO must be strongly motivated to achieve CA Maldives’s mission and support the activities and services that are critical to the Institute’s success. He or she must strive to achieve his or her goals, maintain focus, and remain optimistic and persistent, even under adversity.

Ideal qualification and experience

1. At least 7-10 years of working experience in a related field such as Administration and finance, of which 3-5 years of work experience in a supervisory capacity in an accountancy role. Experience working in a key financial organization and/or with a board/committee structure either full time or part time is an advantage.
2. Master’s degree or equivalent professional qualification, MQA Level 9 (in a relevant field). A professional accounting certification or designation is a plus.
3. Willingness and ability to undertake travel if required.
4. Fluent in English and Dhivehi.

Compensation

Remuneration: MVR 30,000 – MVR 35,000.

How to apply

If you believe that you have the skills and experience we are seeking for the above post, please email your CV and supporting documents to [email protected] before 1400hrs, 8^th February 2021.