Head of Finance Job Vacancy in Kenya

Job Title: Head of Finance 

Reports To: CEO

Job Purpose: Responsible for providing technical and professional leadership in the planning, development, execution and evaluation of the organization’s financial policies and systems, both in financial accounting and in budgeting, aimed at ensuring prudent management and control of financial resources.

Key Responsibilities

Strategy & policy

  • Provides leadership in the development and implementation of the department’s long term and short term strategy and operational plans and policies.
  • Develop and install effective financial management systems and procedures aimed at improving financial reporting and accounting
Staff management
  • Lead, manage, appraise and motivate staff in the department
Accounts payable
  • Develop and implement stringent expenditure control procedures to ensure all payments are supported by all the necessary and valid accounting documents prior to approval
Fixed Assets management
  • Ensure fixed asset register is maintained and up to date and prepare and present various reports on the same as per management request
General Ledger
  • Review and approve Chart Of Accounts (COA) codes and authority controls
  • Oversee recording and validation of financial data and ensure period end routines and reporting are completed in a timely manner
  • Analyse financial information detailing assets, liabilities and capital advice on the current and projected financial position in order to ensure availability of funds to implement planned activities
  • Ensure that financial record are maintained in accordance with IFRS requirements
Job/Project costing
  • Establish budgeting procedures including setting up of job/project budget commitments, capturing and tracking of project costs and advising on the need to revise budgets.
  • Identify competed jobs/projects and oversee the transfer of costs by invoicing customers, close job/project and keep records.
Financial Reporting
  • Manage and oversee preparation of financial statements, tax forecasts, cashflow reports, statutory accounts and other relevant management reports and accountings records and senior management on their significance.
  • Prepare and submit regulatory returns.
Budgeting
  • Plan and coordinate the timely preparation of annual work plans and budget estimates as well as outlining key activities to be undertaken to achieve desired targets;
  • Communicate budget guidelines to budget holders, prepare and consolidate budget targets and forecast summaries and sign off accordingly
  • Monitor and track utilisation of capital and operational expenditure against approved plans and ensure that any variances are justified in accordance with approved policies and procedures
Cash Management
  • Monitor long term cash requirements, generate cash balances and forecast the company’s cashflow needs
  • Oversee and ensure period end reporting is completed in a timely manner
  • Facilitate the work of external auditors and provide all assistance required
Key Relationships

Direct Reports to this Position: 
  • Management Accountant
  • Financial Accountant
Customers of this Position: 
  • Internal staff
  • Vendors/Suppliers
  • Consultants
  • External tax experts
  • External Auditors
Competencies required for this Role
  • Up-to-date knowledge of business and financial management issues
  • Thorough understanding and knowledge of CDS operations
  • Good knowledge and understanding of international accounting standards and best practice.
  • Good leadership and management capabilities
  • Ability to think strategically
  • Good planning and organisation abilities
  • Excellent communication and interpersonal skills
Please send your CV and remuneration details: therecexpert@gmail.com 

Only shortlisted candidates will be contacted.

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