Job Purpose
The Group Financial Controller (GFC) is responsible for directing the financial functions of the Group in accordance with generally accepted accounting principles and for ensuring regulatory compliance in all respects. The GFC ensures that all Group companies implement sound financial management policies, systems and practices, and manages the financial resources in a manner that ensures optimal liquidity levels at minimal financing costs. The position holder is expected to offer advice to the Directors on financial related matters. The GFC will be reporting to the Group Managing Director
Key Responsibilities
Work closely with the Group MD, and the heads of the Group companies in the development of the Group companies’ business plans, ensuring alignment between Group’s long-term growth plans and the individual companies’ performance goals.
Develop and implement policies, systems, procedures and controls that facilitate the efficient recording, and reporting of financial and accounting information, while ensuring compliance to statutory and professional requirements.
Monitor financial performance by measuring and analyzing results, initiating corrective actions and thus minimizing the impact of variances.
Ensure the timely and accurate analysis and reporting of budgets, preparation of financial and management reports, and financial trends in order to assist the Board and other senior executives in decision making.
Work with the individual companies in the development and implementation of their credit policy taking into consideration their unique sectors
Work with the individual companies in the management of their cashflows, ensuring that cashflow projections are prepared, collections are made, and that debt is effectively managed.
Create and maintain relationships with key customers and stakeholders such as the banks, regulatory authorities such as KRA, tax advisors, external auditors, associations such as KEPSA, KAM, etc that ensure business continuity
Be an advisor from the financial perspective on any new ventures/investments that the Group is considering.
Qualifications and Educational Requirements
Degree in finance management, accounting or related field. MBA would be an advantage
Professional accounting qualification – CPA/ACCA; Member of a related professional body
At least ten (10) years experience in financial management, three (3) of which must be in a senior management role. Experience of working in family owned businesses will be a definite advantage
Hands on experience in financial planning, strategy development, financial forecasting, corporate finance and developing organizational budgets.
A strategic and innovative thinker who can effectively contribute to the organization’s strategy from all perspectives to manage profitability and find creative solutions addressing financial problems
Experience of developing and implementing financial police and systems especially in a start-up environment.
Strong leadership with good decision making and problem-solving skills, task management, planning and organizational skills.
A self-starter, high energy level with strong interpersonal and communication skills and a “roll up your sleeves and get the job done” attitude
Strong proficiency in technology including ERPs, Internet, Email, Microsoft Office applications especially in Word, Excel, and PowerPoint
Must have high standards of integrity, ethics and confidentiality
Only shortlisted candidates will be contacted
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