Senior Finance Manager Job in Kenya

(Project Finance and Accounts Receivables Management)

Busara is seeking a Senior Finance Manager (Project Finance and Accounts Receivables Management) to manage our financial resources, provide strategic financial leadership, and drive our organization toward its objectives. As an advisory firm, Busara operates in a consulting firm set up, managing multiple portfolios consisting of various advisory projects and engagements.

This dynamic environment requires the Senior Finance Manager to adeptly navigate multiple financial streams, ensuring each portfolio’s financial health, and alignment with overall organizational goals. In this role, you’ll lead project financial planning and management, monitor performance, forecast future financials, and offer strategic advice to project managers and the leadership team. You’ll also manage the finance team, ensuring compliance with regulatory requirements and internal policies, while collaborating with diverse individuals to achieve common goals.

If you have a solid background in project finance and accounts receivables management and enjoy collaborating with people to achieve successful project outcomes, you could be a great addition to our team. We’re excited about the possibility of you joining us!

Core Responsibilities:

Project Finance Management

Collaborate with senior leadership and Engagement Directors (EDs) to develop financial projections and forecasts for their teams, portfolios, and all ongoing projects.

Oversee the financial management of grants, ensuring compliance with grant requirements and financial alignment with approved budgets.

Lead the finance team in updating project milestones and financial indicators in the central hub, ensuring real-time visibility and informed decision-making for stakeholders.

Collaborate with the Research and Advisory team to prepare and conduct review budgets during the proposal stage to ensure accuracy, cost-effectiveness, and alignment with project requirements.

Support project leads and the Engagement Directors in addressing client queries, due diligence, post-proposal review, and providing clear and concise financial information.

Review project contracts to ensure compliance with financial policies, regulations, and project specifications.

Design and develop budget templates tailored for the Research and Advisory team, accommodating various project requirements.

Maintain and update standard budgeting rates, including staff rates and travel estimates, ensuring they are current and accurate.

Take full ownership of the end-to-end project lifecycle, from initiation to completion. Address and rectify project financial deviations, ensuring they adhere to allocated budgets.

Accounts Receivables Management

Oversees end-to-end accounts receivable process, ensuring that policies and procedures are consistently applied and adhered to.

Develop and implement strategies to enhance the client contract review process, ensuring all financial and commercial terms are understood and correctly reflected in the accounting system.

Oversee the billing framework, manage account statements, ensure punctual invoice settlements, and follow up on project milestones to ensure timely billing.

Lead AR collection initiatives, strategizing on best approaches to manage outstanding receivables while upholding strong client relationships.

Analyze and present monthly AR reports, offering strategic insights into cash flow management and potential financial risks.

Continuously review and refine financial policies and procedures.

Ensure accurate and optimal overhead recoveries from projects that align with contractual agreements.

Ensure compliance with statutory requirements across all operating countries, adhering to local regulations and laws.

Financial Analysis & Reporting

Provide the senior leadership team with regular updates on financial health, including risks and opportunities.

Ensure precise and timely submission of financial reports to clients and partners.

Manage the preparation of detailed monthly and quarterly revenue reports, offering strategic insights and recommendations to executive leadership.

Support financial audit preparations, working closely with external auditors and internal stakeholders to ensure a seamless and compliant audit process, as needed.

Automate accounts receivable reports and processes to enhance efficiency and accuracy.

Continuously design and develop relevant financial reports to meet evolving business needs.

People and Relationship Management

Manage the accounts receivable team and other team members as may be required.

Set clear performance expectations and goals for performance management and support employees’ growth and development through guidance, coaching, mentorship, instruction, and advice.

Promote productivity by prioritizing and organizing objectives, resources, and work assignments to support employee success. This includes delegating tasks and responsibilities effectively while supporting and guiding team members as needed.

Proactively collaborate with leaders within the organization and coach team members to do the same.

Facilitate collaboration and build trust among team members and across the organization.

Lead by example and promote the adoption of organizational values and culture.

Effectively allocate and utilize available resources, including financial, human, and material resources, to achieve the team’s goals and objectives.

Knowledge, Skills, and Experience

Minimum of 7 years of experience in financial management, preferably in a research, consultancy or non-profit setting.

An advanced degree in business, economics, finance, or a related field (MBA and/or CPA qualification)

Deep knowledge of standard accounting principles (GAAP, IFRS, etc.)

Proven ability to effectively build team capability to closely collaborate with other departments, ensuring seamless integration of financial practices and project management.

Excellent communicator with experience in maintaining clear and proactive communication with stakeholders, ensuring transparency and understanding of financial matters.

Skilled in leading and mentoring finance teams, fostering a culture of continuous improvement and professional growth.

Adept at enhancing team productivity by prioritizing objectives, delegating tasks, and providing support and guidance.

Expertise in driving process enhancement initiatives to improve financial operations and efficiency.

Proven experience in project finance management.

Extensive experience in accounts receivable management.

Strong background in budgeting and budgetary control.

Demonstrated expertise in grants management.

How To Apply

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