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Finance Manager Job Vacancy in Kenya

afb (African Finance Business) is a consumer finance providing ethical credit services to those who require it most.  We provide rapidly accessible and affordable unsecured loans with strict affordability criteria to prevent unmanageable debt.  Our customers are mainly small businesses and entrepreneurs who use our credit to grow their businesses and provide for the unforeseen.
 
Our customers are our partners.  We operate in their markets through 6-man micro branches to provide tailored relationship-based services.   Our vision is to become the number one retail finance firm in Africa by offering the best services in terms of accessibility, affordability, value and customer experience.

afb seeks to recruit a Finance Manager
 

The Finance Manager contributes to the overall success of the organization by effectively managing all financial tasks for the organization.
 
Primary Duties and Responsibilities
 
The Finance Manager performs a wide range of duties including some or all of the following:
 
Financial accounting and reporting
  • Develop and maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP)
  • Develop, implement, and ensure compliance with internal financial and accounting policies and procedures
  • Ensure that all statutory requirements of the organization are met
  • Prepare all supporting information for the annual audit and liaise with external auditors as necessary
  • Document and maintain complete and accurate supporting information for all financial transactions
  • Develop and maintain financial accounting systems , Business Modeling  and Data Modeling: (Dashboards) for cash flow management, accounts payable and credit control
  • Oversee reconciliation of bank and mobile money  accounts
  • Review monthly results and implement monthly variance reporting
  • Manage the cash flow and prepare cash flow forecasts in accordance with policy
  • Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll
  • Develop and implement policies and procedures to ensure that personnel and financial information is secure and stored in compliance with current legislation
  • Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate
  • Prepare financial and regulatory reports as required
Payroll preparation and administration
  • Oversee all payroll finance functions to ensure that employees are paid in a timely and accurate manner
  • Process and submit statutory and benefits remittances on time
Budget preparation
  • Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the Head of loans.
  • Assist the Head of Loans and Managers with the preparation of budgets for funding operations
Project management accounting
  • Maintain financial records for each project in a manner that facilitates management reports
  • Ensure that accurate and timely financial statements are prepared in accordance with contract agreements
  • Provide accurate and timely reporting on the financial activity of individual projects
Risk management
  • Monitor risk management policies and procedures to ensure that program and organizational risks are minimized
  • Advise the organization's leadership on appropriate insurance coverage for the organization
  • Maximize income where possible and appropriate
  • Negotiate with Bank for lines of credit or other financial services as required and appropriate
Qualifications
 
The ideal candidate needs to be a graduate with a formal accounting qualifications and a minimum of 5 years’ experience in a similar field. 

Financial Services experience would be an advantage.
 
Education
  • Master’s degree in a related field
  • University degree in Accounting, Commerce, or Business Management/Administration
Professional designation
  • Chartered Accountant, Certified Public Accountant (K), or Certified Management Accountant designation is a requirement.
  • Membership to a professional body is an added advantage
Knowledge, skills and abilities
  • Knowledge of accounting legislation and compliance
  • Knowledge of Business Intelligence and data modeling
  • Knowledge of the Micro Finance  sector
Proficiency in the use of computer programs for:
  • Accounting
  • Business Intelligence Platforms
  • Word processing
  • Databases
  • Spreadsheets
Personal characteristics
 
The Finance Manager should demonstrate competence in some or all of the following:
  • Behave Ethically: Understand ethical behavior and business practices and ensure own behavior and the behavior of others is consistent with these standards and aligns with the values of the organization
  • Build Relationships: Establish and maintain positive working relationships with others both internally and externally to achieve the goals of the organization.
  • Communicate Effectively: Speak, listen and write in a clear, thorough and timely manner using appropriate and effective communication tools and techniques.

If you are interested and meet the above requirements and competencies, kindly send your cv and cover letter detailing your suitability for the position applied for to smartcashcareers@afb.co.ke 

This position is urgent.

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