Ruma is a social enterprise incubated by Grameen Foundation that provides business-in-a-box solutions for the poor. Ruma recently won 1st Place at Harvard's Social Enterprise Conference. More details on the company can be found here: The leadership in Ruma includes alumni from Harvard Business School, Kellog School of Management, the UNDP, Kiva, BCG, Mckinsey, and Grameen Foundation.

Of the 240 million people in Indonesia, 3/4 live below $2.5 a day, and 2/3 have mobile phones. Ninety percent of these users buy prepaid minutes instead of paying a monthly bill. Ruma sells a business-in-a-box that enables small entrepreneurs to sell prepaid minutes. We buy minutes at a discount from 10 telecom operators and store them in our server. When a customer buys minutes from our entrepreneur, we send the minutes electronically via SMS thereby reducing the need for a physical voucher. We worked with Grameen Foundation to develop this model, which is essentially the next evolution of the Grameen Phone. As of March 2010, we’ve deployed a network of 2,000 entrepreneurs, $3,000 worth of minutes to 80,000 customers each day. Seventy percent of our entrepreneurs were below the poverty line when they joined; now 100% are profitable. We plan to launch a jobs market, micro-insurance and retail application using our prepaid minutes platform.

Our efforts support the Grameen Foundation’s mission to empower the world’s poorest people to lift themselves out of poverty.

Job Description

The Finance Manager is responsible for managing all finance and cash related activities in Ruma. More details on the specific tasks are below,but in addition,we need someone who is passionate about helping the poor and can also be a thought partner and lead the finance component of creating financial products, business models for expansion and help us reach 1 million customers in 2 years.

This is a high profile position and is a part of the senior management team of Ruma. The Finance Manager will provide strategic and operational leadership by working closely with a range of partners (social enterprises, technology partners, mobile operators, government ministries, NGOs, consultants, etc), managing local resources and leading an internal team for product managers and field officers.

Specific Responsibilities Include:

Financial Management
  • Produce monthly financial reports (Balance Sheets, Income Statements, Cash Flow Statements)
  • Reconciliation of journal accounts
  • Lead the development of company annual and monthly budget
  • Monitor usage of budget and overall cash flow
  • Manage procurement and vendor relationships

Business Planning
  • Create financial models/forecasts to determine future funding needs and breakeven points
  • Produce financial reports for investment purposes and work with finance counterparts of potential investors
  • Develop budgets and forecasts for network/branch expansion

Develop Financial Products for the Poor
  • Work with Grameen Foundation to provide input on the design loan products for the micro-entrepreneurs working with local microfinance institutions
  • Work with Grameen Foundation to provide input on the design and monitor a term of payment policy for micro entrepreneurs
  • Manage deployment of financial product to network of micro-entrepreneurs

  • Manage usage of MYOB accounting system
  • Work with auditors to produce audited financials

  • Manage Finance and Accounting Staff
  • Review branch financial reports and conduct a profitability analysis
  • Provide strategic insight to management during management meetings

  • Oversee the legal, tax and administrative issues of the company as well as its employees
  • Support Manager of Sales & Marketing as well as Manager of External Relationship with financial tracking, financial control as well as other administrative (travel arrangement etc)
  • Support other managers in legal and tax issues
  • Support other managers to ensure profitability or cost recovery of PT RUMA

  • The Field Operations Manager will report to the Managing Director of Ruma

Ideal Candidate

Excellent Financial Skills
  • Demonstrated success in training staff and customers in the adoption of new technologies
  • A dynamic and inspiring leader able to build a team and maintain an exciting passionate culture

Excellent people skills:
  • Demonstrated success in training staff and customers in the adoption of new technologies
  • A dynamic and inspiring leader able to build a team and maintain an exciting passionate culture

Monitoring and Evaluation / Anayltics
  • A keen mind to extract knowledge and insight from the myriad data to be collected.
  • Flexible, agile and dynamic approach to operations – if something is not working or could be done better, have the insight, skills and leadership to be able to quickly and appropriately adjust the approach on-the-fly and deliver an outstanding result.

Outstanding project management skills
  • Experienced and savvy project manager with a proven track record of achievement under a range of challenging situations (ideally in multiple countries)
  • Demonstrated experience in managing complex projects (strategic, operational and tactical) – with proven ability to work effectively with diverse partners

Strong business leadership abilities
  • An ability to think strategically and act tactically. Ideal candidate would have worked in a leadership role in a fast-paced entrepreneurial environment
  • Strong, innovative and creative problem solver and strategic thinker;
  • Excellent analytical, interpersonal, leadership, and communication skills
  • Comfort with unstructured problems and ability to manage complexities under pressure
  • Ability to promote knowledge transfer through strong mentoring and team building skills

Enthusiasm and passion for our work in Indonesia
  • Enthusiasm for learning from different cultures – eager to build cultural realities into products and project plans
  • Equally comfortable presenting to a room of business executives and discussing needs with villagers sitting on the dirt floor of a rural home
  • Passionate about the work of Grameen Foundation & role of technology in poverty alleviation

  • Advanced degree in field, such as International Development, Management (MBA), Economics, Sociology, Anthropology or Social Science or equivalent.
  • 5+ years working in Finance or Accounting Function
  • 3+ years working in the field in a developing country
  • At least 3 years of project and team management
  • Entrepreneurial start-up experience would be beneficial
  • Project Management, relationship management, team management experience required
  • Work experience in Indonesia preferred
  • Fluency in oral and written English and fluency in Bahasa Indonesia is required

  • Competitive salary
  • Opportunity to serve as a high-profile leader in the Indonesian business, government and NGO community, combining innovation, entrepreneurial problem solving, project management and stakeholder management to deliver deep and lasting social impact in Indonesia and beyond

Position : Indonesia – Finance Manager
Location : Indonesia (based in Jakarta)
Job Type : Full time
Starting Date : Immediately
Contact :
** You must include “Indonesia – Finance Manager” in the subject line to be considered