Finance Manager Job Vacancy in Kenya

Purpose of the Job

To ensure that the Finance and Administration function in the all the organization’s businesses in the country provide strong support towards continuous development of the country in line with the countries strategic and operating plan.

Specifically the job needs to ensure establishment of strong internal / operating control environment , financial disciplines, accurate, timely & complete reporting of financial information, management of cash flows and ensuring legal, fiscal & other financial compliances per local country requirements & the organization group policies & procedures

Scope

Country: Kenya

Authority and Resources

Authorised to control all staff, vehicles, equipment and systems employed within the finance department in line with approval levels agreed with the Managing Director. 

Administer and approve capital expenditure in line with local approval levels set in accordance with the organization capex guidelines.

Authorised to ensure Accounting & Financial reporting accuracy & completeness.

Authorised to set out local policies & procedures in line with the Group requirement to ensure strong Internal Control environment.

Performance Measures
  • On time submission of P&L and Balance sheet
Country target of:
  • Budgeting and Forecasting
  • Earning Before Interest & Tax (EBIT)
  • Economic profit
  • Working Capital
  • Treasury Functions
  • Timely reporting of month end variances (weeklies & monthlies)
  • >60 days debt%
  • Weekly sales outstanding (WSO)
  • CAS Audit report Ratings indicating strong internal control.
  • Timely submission of statutory returns.
  • SOX Compliance
Key Responsibilities 

Strategy & Operating plan
  • Provide a Country Strategic and an Operating plan for the function in line with the Regional Strategy & Growth Plan.
  • Prepare Strategic Plan for the country in coordination with the Managing Director.
  • Ensure the relevant key objectives and performance outcomes are promptly communicated at frequent intervals to all levels of management.
  • Initiate cross country dialogue to support appropriate business cases.
  • Ensure all processes are aligned to the Business Unit Operating Plan.
Shareholder Value
  • Achieve continuously improving profit targets.
  • Ensure the country meets and exceed Economic Profit Targets.
  • Deploy agreed right first time best practice processes as outlined in the Express Operating Plan and achieve continuously improving Country targets for the key performance indicators associated with these processes.
Management Accounting
  • Prepare and at least achieve continuously improving financial and administrative budgets that meet country requirements
  • Ensure that appropriate corrective actions are taken when there are deviations from budgets, forecasts and other plans.
  • Provide interpretative financial support and guidance thereby enabling the Country General Manager and other managers to make profitable decisions.
  • Co-operate and maintain helpful dialogue with colleagues in other business units thereby ensuring that the global ambitions of the organization are achieved.
Financial Accounting, Budgeting & Forecasting
  • Create strong cash flow that helps the company achieve the vision
  • Produce accurate and useful weekly, monthly and annual accounts.
  • Prepare the Quarterly Forecasts, Annual Budgets and Strategic Plans.
  • Support the Country General Manager using VBM principles within a controlled and sound financial environment.
  • Review and approve Capital Expenditure.
  • Ensure compliance of all taxation matters.
Invoicing & Administration 
  • Issue clean invoices and ensure prompt payment from customers in all territories managed by the country.
  • Minimize the number of incoming and outstanding invoice queries from customers
  • Provide helpful feedback to other managers about how practices can be changed to create improved customer satisfaction, which includes ensuring that customer queries are systematically analyzed and acted upon by other functions.
Fiscal Compliance
  • Design and implement quarterly finance and administration business plans that comply with business policies and standards
  • Provide a strongly controlled financial environment consistent with corporate and local statutory requirements.
  • Ensure compliance of the organization and local legal and fiscal requirements.
People Management
  • Ensure all finance and administration staff are equipped, trained, qualified, motivated, developed and empowered to provide high levels of satisfaction as measured in customer loyalty surveys
  • Create a positive environment where all financial and administration employees and the country can excel.
  • Maintain and develop recognition as an Investor in People organization.
Company Policy & Compliances

Implement and comply with the following Company Policies:
  • The organization’s standards.
  • The organization’s Business Principles.
  • Equal Opportunities
  • Environmental
  • Health and Safety
Essential Educational and / or Training Qualifications and Certificates
  • Chartered Accountant.
Preferred Experience and Knowledge 
  • Over 12 years Financial / Accounting experience
  • Over 5 years management experience a medium to large organization.
  • Experience of working in SAP environment will be an advantage.
  • Good Technical / working knowledge of relevant Accounting Standards
  • Good Technical / working knowledge of all applicable local Fiscal, Legal, Accounting and Treasury related laws/legislations
Please send your CV and remuneration details: therecexpert@gmail.com 

Only shortlisted candidates will be contacted.


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