Job Title: Finance Manager
Department: Finance
Reporting To: Managing
Director
Location: Nairobi
Job Description
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
- Implement
all aspects of cash flow, cost allocation, budgeting, forecasting,
financial statements, consolidations, financial modelling and financial
analysis for the
- Develop,
maintain and monitor internal controls over all finances and ensure that
such internal controls are
- Ensure
appropriate policies and procedures are developed, reviewed, communicated
and monitored at all
- Assess
strengths and weaknesses of financial management strategies and implement
strategic and tactical steps to improve
- Coordinate
the activities of external auditors and respond to external auditors’
reports including the implementation of 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
- Work
collegially with other members of management and staff to integrate
financial elements into its
Financial Planning and
Budgeting
- Lead
the process in the preparation of budget
- Regularly
monitor expenditure against budget and advise the Managing Director on
variances, cost escalations and budget re-
- Prepare
comprehensive financial models, cash flow forecast, scenario analysis,
risk assessment and return
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
Payment and Debtors
- Negotiate
re-payment plans with the Managing
- Reconcile
complex accounts that have been escalated from the credit
- Monitor
debtors’ balances to ensure a reduction n debtors
- Work
closely with the credit controller to implement debtors financing
structures.
Payroll Management
- Review
and authorize the staff payroll on a monthly
- Ensure
all statutory deductions are effected and remitted within the stipulated
period(s).
Treasury/ Banking
- Perform
treasury activities related to cash flow, borrowings, debt, capital
- Allocates
cash balances, maintain investments records, prepares expense and earnings
forecasts.
- Determine
procurement of funds and monitors investments and
- Ensure
that banking arrangements are adequate to support the activities of the
- Ensure
all bank transactions conform to the agreed upon banking contracts,
controls and arrangements.
Tax
- Maintain
tax balances on general
- Manage
and coordinate tax audits.
- Manage
tax provisions and compliance
- Identify
and mitigate tax risks.
- Provide
innovative tax planning and review complex income tax
Annual Accounts and Audit
- Prepare
and consolidate the annual accounts for the
- Facilitate
the carrying out of the external
- Regularly
review and update the company’s internal controls and procedures
- Advise
the Managing Director on any necessary
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
Qualifications
- Master’s
Degree in Finance/Accounting will be an added
- Degree
in Finance/ Accounting and Full professional qualification such as CPA (K)
or ACCA.
- Knowledge
of finance, accounting, budgeting and cost control principles including
Generally Accepted Accounting Principles (GAAP).
- Knowledge
of financial and accounting software
- Ability
to analyze financial data and prepare financial reports, statements and
- 5-7
year’s work experience which should include managerial Experience and an
understanding of the various financial and tax compliance
- Experience
of designing and implementing effective financial systems and controls for
efficient financial management and performance
- Competence
with ERp
- Communication
skills, both oral and in
- Deals
well with
- Interpersonal
- Reporting
- Analytical
Thinking
- Good
organizational
- Good
time management
- Integrity/Honesty.
How to Apply
Interested candidates
are invited to strictly send their CV and cover letters to careers@hrmconnection.com on
or before 30th September 2020. Only shortlisted
candidates will be contacted
