Vacancy: Finance Director
Our client is a leading real estate
development partner offering solutions that range from project management to
co-development and property trading in the Kenyan real estate sector.
They have has responded to the socio-economic
needs of the growing population through the development of innovative
developments that positively transform neighbourhoods and communities
throughout the region.
Are you a young seasoned Finance
Specialist who is confident, ambitious, resourceful and imaginative with the
desire to challenge yourself?
Are you interested in being part of a
team focused towards transforming the real estate market in Kenya and beyond
the East African region? If so, then this is the job you are looking for.
Our client would like to fill the position of a Finance Director who will be reporting to the CEO.
Job Purpose / Summary: The Finance Director will be responsible for providing overall leadership and oversight with respect to all financial matters of the Group including planning, budgeting, forecasting, statutory compliance, tax, accounting and reporting.
The jobholder will also be
responsible for putting in place systems, processes and procedures that enables
efficient and effective delivery of results and for measures that enable
continuous improvement within the Finance Department.
Duties and Responsibilities
Group Financial Planning and
Statements
- Preparing, Maintaining and Reporting on Group
and Subsidiary Operating and Capital Budgets and forecasts and planning
Cash flow to ensure efficient use of financial resources and liquidity
- Ensuring that Monthly, Quarterly and Annual
Financial Statements (including consolidation) are issued on a timely
basis and are accurate and complete.
- Establishing and Maintaining proper systems,
procedures and controls that ensure financial resources and assets are
managed prudently and in accordance with the budget.
- Ensuring proper matching of financial assets
and liabilities and timely collection of debts and payment of suppliers
and maintaining of an appropriate credit control policy.
- Oversee the preparation and completion of
Audited Accounts for the Group and Subsidiaries.
Project level SPV Financial Planning
and Statements
- Oversee the Preparation, Maintenance and Reporting
on Project SPV Budgets and Cashflow forecasts.
- Ensuring that Monthly, Quarterly and Annual
Financial Statements for the SPV’s are issued on a timely basis and are
accurate and complete.
- Ensuring that Funding sources are matched with
Project expenditures in order to facilitate timely payment of project
obligations.
- Oversee the preparation and completion of
Audited Accounts for the SPV’s.
Business and Project Financial
Analysis and Taxation
- Oversee the preparation of various Financial
Analysis, modeling and Financial KPI’s for the Group and Subsidiaries
including Revenue forecasts, IRR, WACC etc. to determine and forecast the
financial performance of the Group.
- Oversee the preparation of various Financial
Analysis, modelling and other project financial measures such as IRR,
Yields, Cap rates, debt/ Equity ratios, sensitivity analysis etc. to
determine and forecast the financial performance of projects.
- Oversee the establishment of effective
financial benchmarking tools to facilitate timely reporting and enable
effective strategic and operational decision making at the Business and
project levels.
- Oversee the putting in place of effective tax
efficient structures for the Group and Project SPV.
- Ensure appropriate Statutory Compliance
including on taxation matters.
Capital Structuring, Raising and
Reporting
- Coordinate and liaise with Banks, Investment
Banks, Financial institutions and service providers and creditors with
respect to the sourcing, structuring and securing of various funding
requirements for the Group and Projects.
- Regularly and effectively liaise with Funders
on timely disbursements of funds to projects and business.
- Ensure timely settlement of obligations to
Funders including interest and principal repayments.
Minimum Requirements
- A Bachelor’s degree in Commerce, Finance or
Accounting with an MBA or Msc. in Finance.
- Professional qualifications in CFA, CPA or
ACCA with relevant registration with either of the professional bodies.
- Experience in engaging with C level executives
and financiers in negotiations is highly desirable.
- Over 7-10 years relevant experience of which
3-5 should be in a senior management position.
- Proven experience in investment analysis,
capital raising and investment structuring is highly desirable.
- Experience in the Real Estate industry with
business knowledge on Mortgages, Property Valuation and Investment
Appraisal will be an added advantage.
Required skills and key competencies
- Excellent command and articulation of the
English language.
- High interpersonal skills and ability to
interact with people from all walks of life.
- Attention to detail.
- Numerical acumen and analytical.
- Holding people accountable
- Good planning and organization skills.
- Team player with proven leadership skills.
- Good decision maker.
- Delegation and management skills.
Salary: Attractive
salary package
How to apply:
If you are interested in the position
and have the skills and talents our client is looking for, we would like to
hear from you.
Please CLICK HERE to make your application online before close of business 27th August 2015.
Only successful candidates will be
contacted.
