Our client is an award winning company conducting sustainable energy and retail business in developing countries. They seek to hire a Finance Manager who will be responsible for strategic planning and leadership for the accomplishment of financial and accounting goals of the company.
Role Summary
The successful candidate will be responsible for making a wide range of decisions with regard to financing, investments and management, making a wide range of decisions with regard to financing, investments and management, including financial reporting & Audit, inventory management, cash flow management, risk management and financial controls, policies and procedures.
Job Responsibilities
Financial Reporting: Provide accurate and timely financial reports and forecasts and/or projections where appropriate and alert management on potential problems.
Prepare and implement financial policies, procedures and internal controls to ensure the all assets of the organization are properly utilized and accounted for and minimize risk exposure to the organization.
Liaison with External Auditors: Prepare audit schedule and liaise with external auditors for periodic audit.
Compliance with Statutory Requirements: Prepare and submit returns to K.R.A. Advice the company on statutory expectations to avoid penalties and legal implications.
Implement and continuously update an asset register for the organization.
Ensure inventory accounting is complete and accurate from the initial stages of purchasing, receiving, storage, dispatch to the last stage of selling.
Ensure all supplier payments are accounted and validated; supplier accounts are reconciled at all times.
Implement stock take and reconciliation processes to safeguard the inventory of the company both at the outlets and distribution and storage centres.
Cash flow Management: Supervise cash flow management activities – monitor and control the flow of cash receipts and disbursements to meet the business needs of the company.
Ensure all cash sold at the outlets is well monitored, banked and captured in the daily reports. Raise alarms where cash is held and not banked.
Planning, Budgeting & Forecasting: Provide leadership in developing monthly, quarterly and annual budget for different departments.
Financial Records: Ensure that all financial records, receipts, payables and cash flows are accurate, up-to-date and processed efficiently, effectively and in a timely manner.
Liaison and Building Relationship: Establish rapport and communication with banks and other key stakeholders.
Staff Management, Supervision & Leadership: Provide supervision, guidance and direction to the finance staff according to the policies, procedures, processes and systems in place.
Support the procurement department to ensure profit margins are met.
Support the sales department to ensure revenue income is received through achievement of sales targets.
Support the administration department and ensure that all assets and human resource are insured.
Support the managing director through detailed and analytical reporting in making business decisions aimed at reducing cost and increasing profit for the organization.
Any other duty as allocated by the managing director.
Qualifications
Bachelor’s degree in Commerce, Finance, Business Administration or other related field.
A Master’s degree in Finance will be an added advantage
Must be a CPA (K) or related qualification.
Must be fully conversant with the international financial reporting standards.
Must be a member of ICPAK
7 years’ experience in finance and accounting with 2 years in managing a finance department in a busy organization.
Experience in retail is an added advantage.
Critical competencies and experience
Must be able to communicate effectively.
Excellent with standard office software (incl. MS Word and MS Excel or equivalent) and experience in using Accounting Software such as Sage, Tally.
Experience in audit will be an added advantage.
Conversant with use of POS is an added advantage.
Ability to work under tight deadlines and pressure.
Excellent reporting and analytical skills.
Driving license.
