A fast growing outdoor advertising
company currently installs and rents out billboards and has operations across
Kenya.
The Company’s strategy is to increase
its revenue streams by growing the number of billboards and venture into other
product lines.
Job Title: Finance Manager
Job Purpose: The FM will be responsible for implementing the
finance policies of the company, financial processing and monitoring the budget
on a day-to-day basis.
The FM will be expected to contribute
to the development and execution of the company’s growth strategy, advising on
the most prudent mechanisms for fiduciary management, ensuring that there are
proper financial and accounting controls, and identifying investment
considerations that will ensure that the value of the company’s assets is
protected.
Reports to: The
CEO and the Board of Directors
Supervises: All the employees in the accounting and finance
functions of the company
Qualifications
Education: CPA/ACCA preferably augmented with a relevant
degree and an MBA.
Skills:
The successful candidate must possess
the following skills:
- Strong stakeholder management and relationship
skills
- Strong financial management and profit
maximisation skills with sound grounding in the financial considerations
of advertising entities
- Ability to build a financial model
- Excellent people management, communication and
presentation skills
- Strong knowledge of financial compliance and
governance requirements especially pertaining to outdoor advertising
- Impeccable integrity and diligence
- Ability to work in a multi-cultural
environment
- Demonstrated ability to work successfully
under pressure
Experience:
The successful candidate must
demonstrate the following experience:
- At least ten (10) years of financial
management with P&L and Balance Sheet responsibility in a commercial
environment.
- Experience in dealing with cost management and
optimization.
- An appreciation of commercial negotiations
- Experience with initiating and leading
improvement programmes, strategic plans and overseeing change
- Experience with project management,
procurement, overseeing advisors and contractors
- An understanding of private equity fund
investor issues
- Strong treasury and cash management background
- Previous work experience in an outdoor
advertising company will be an advantage
Job Responsibilities
Leadership:
- Advising the CEO and BoD on the financial
implications of business/project activities.
- Responsibility for understanding the strategic
direction of the Company, providing proactive financial expertise and
leadership to the company and direction for both short term and long term
financial planning.
- Leading the design and implementation of the
structure of financial resources and all financial operations of the
company.
- Developing a strategic proposal for Asset
Management
- Providing internal leadership and direction to
immediate reports of the Finance Division.
- Assisting in recruiting new officers for the
division and develop training models for the department's staff.
- Responsibility for the Financial
Accountability of the business
- Liaise with tax consultant to ensure
compliance with regulations
Finances:
- Actively managing company cash flow on a daily
basis, generate relevant projections and weekly forecasting, and Manage
the capital needs and budgeting process
- Determining utilization, revenue,
profitability per billboard face, and develop pacing reports
- Maintaining internal control and safeguards
for receipt of revenue, costs, project budgets and actual expenditures.
- Preparing of monthly management accounts and
annual statutory financials statements; and communicating the analyses to
CEO and Board on a regular basis (weekly, monthly, quarterly and
annually).
- Coordinating both interim and annual audits
with Company auditors.
- Design, implement and calculate of staff
incentives, commissions, and salaries, and investigate remuneration plans
to attract and retain individuals.
- Managing and monitor all aspects of working
capital of the busiess.
- Managing timely computation, payment and submission
of all statutory deductions
- Overseeing employee and business insurance
plans and coverage analysis.
Operations:
- Participating in the Operational Review
meetings and represent the finance division in those meetings.
- Primary interface on all banking, treasury and
board-level presentations.
- Preparing terms of reference and overseeing
the consultancy in the field of the financial advisory firms to be engaged
by the Company.
- Ensuring adherence to accounting standards and
legal compliances.
- Demonstrating IT capability in fully utilizing
& integrating the company’s OOH Media Management system
- Implementing appropriate costing systems for
the different lines of business
Policies:
- Ensuring that existing finance guidelines and
related administrative procedures are adhered to, and updated where
necessary.
- Overseeing all accounts, ledgers, and
reporting systems ensuring compliance with appropriate IFRS standards and
regulatory requirements.
- Collaboratively developing operating policies
and procedures, improvement programs and management systems for the
attainment of objectives of specific projects and the company.
- Abiding by, observing and at all times
complying with and give effect to the terms and conditions of the
Investment Agreements and ensuring that the Company does not in any way
violate or fail to comply with its obligations thereunder.
Key Performance Indicators
- Timely reporting (weekly, monthly, quarterly
and annually)
- Compliance with all statutory requirements
- Cash management and driving efficiency in operations,
including cost reduction strategies, and advising on opportunities for
greater revenue generation
- Timely support to other senior management
- Good investor relations
Terms: KES 250,000 to 300,000 depending on experience
and qualifications
Evaluation: Performance will be evaluated by the CEO and the
Board of Directors.
Deadline: Monday 2nd February 2015
Send CV to: asif.noorani@fanisi.com
