DEPARTMENT: FINANCE,
REPORTING TO: MANAGING DIRECTOR,
Job Summary
Streamline the company’s Finance structure in line with corporate strategy; provide strategic and financial guidance to ensure company objectives are met and developed all necessary policies and procedures to ensure sound financial management
Responsibilities
Submit a monthly checklist to the Managing Director in line with the monthly reporting timetable and establish effective financial planning, analysis and measurement techniques and oversee the development of financial reporting, business plans, forecasts and budgets for the company.
Implement all aspects of cash flow, cost allocation, budgeting, forecasting, financial statements, consolidations, financial modelling and financial analysis for the Company.
Develop, maintain and monitor internal controls over all finances and ensure that such internal controls are consistent.
Ensure appropriate policies and procedures are developed, reviewed, communicated and monitored at all times.
Assess strengths and weaknesses of financial management strategies and implement strategic and tactical steps to improve them.
Coordinate the activities of external auditors and respond to external auditors reports including the implementation of recommendations. The Finance Manager will also be expected to prepare the annual consolidated financial reports.
Maintain current knowledge of regulatory requirements affecting the company’s financial operations including applicable tax laws in Kenya and in any new countries the company may establish operations in.
Work collegially with other members of management and staff to integrate financial elements into its strategy.
Financial Planning and Budgeting
Lead the process in the preparation of budget estimates.
Regularly monitor expenditure against budget and advise the Managing Director on variances, cost escalations and budget re- allocations.
Prepare comprehensive financial models, cash flow forecast, scenario analysis, risk assessment and return analysis.
Procurement
Counter-approve all Local Purchase Orders (LPO’s).
Act as first signatory on all payments (Cheques and wire transfers) to suppliers and staff salaries.
Ensure correct allocation of costs and review cost structure and allocations.
Payroll Management
Review and authorize the staff payroll on a monthly basis.
Ensure all statutory deductions are effected and remitted within the stipulated period(s).
Banking
Ensure that banking arrangements are adequate to support the activities of the company.
Ensure all bank transactions conform to the agreed upon banking contracts, controls and arrangements.
Maintain cash flows and liquidity at optimum levels.
Annual Accounts and Audit
Prepare and consolidate the annual accounts for the company.
Facilitate the carrying out of the external audit.
Regularly review and update the company’s internal controls and procedures manual.
Advise the Managing Director on any necessary amendments.
Team Development
Partner with the Managing Director and the Senior Leadership to build a culture of high performance.
Provide line management mentorship and support to the finance teams.
Qualifications
Master’s Degree in Finance/Accounting will be an added advantage.
Degree in Finance/ Accounting and Full professional qualification such as CPA or ACCA.
Knowledge of finance, accounting, budgeting and cost control principles including Generally Accepted Accounting Principles (GAAP).
Knowledge of financial and accounting software applications.
Ability to analyze financial data and prepare financial reports, statements and projections.
Experience
10 year’s work experience which should include managerial Experience and an understanding of the various financial and tax compliance requirements.
Experience of designing and implementing effective financial systems and controls for efficient financial management and performance monitoring.
Knowledge & Skills
Communication skills, both oral and in writing.
Deals well with pressure.
Interpersonal skills.
Reporting skills.
Analytical Thinking skills.
Good organizational skills.
Good time management skills.
Integrity/Honesty.
