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.
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.
This position is urgent.
