Job Title: Finance Manager
Job Code: FM/H/151105
Number of Positions Open: 1
Reports To: CFO
Location: Kenya
Closing Date: Open Until Filled
Summary: Our client is one of the pioneers of the soft
drinks industry in Kenya. A reputation of high quality soft drinks
spanning over half a century, they offer drinks in line with current trends and
updated in keeping with the spirit of times.
They operate through Distributors in
Kenya and East African region and expand their market shares continuously with
commitment to quality and the infinite loyalty of their customers.
Job Summary: The role of the FM is integral to the running of a rapidly growing and increasingly complex business.
Job Summary: The role of the FM is integral to the running of a rapidly growing and increasingly complex business.
The FM should be a strategic thinker
who understands and interacts with all aspects of the business.
The FM is a principal deputy to the
CFO providing financial direction, information and advice.
The FM is also a source of essential
information for the Board of Directors and the Finance Committee of the Board
(FINCO).
The FM’s role is to direct and oversee all of the financial activities, overall financial management and systems, to include the preparation of current financial reports and forecasts for future business growth and oversee accounting, costing, procurement, tax planning as well as develop strategies to maximize return on investment.
Primary Responsibilities:
Monitoring, Controlling and Reporting
The FM’s role is to direct and oversee all of the financial activities, overall financial management and systems, to include the preparation of current financial reports and forecasts for future business growth and oversee accounting, costing, procurement, tax planning as well as develop strategies to maximize return on investment.
Primary Responsibilities:
Monitoring, Controlling and Reporting
- Ensure the timely and accurate preparation of
management reports, financial reports, audit, tax returns and reports for
Government regulatory agencies
- Put the necessary financial plans in place,
including budgets and implementing appropriate budgetary controls.
- Develop financial models and systems for the
specific company business to enable efficient monitoring of costs,
business processes and profitability.
- Support other cost centers in budgets
development.
- Prepare cash flow forecasts and analysis,
monitor working capital and convey these analyses to the CFO and recommend
on corrective actions where needed
- Manage cash balances by initiating/executing
appropriate actions including the investment of cash and inter-account
transfers.
- Drive treasury management activities including
foreign currency hedging, cash flow management, the investment of excess
cash and management of company borrowings to enable the company to meet
its financial obligations at all times.
- Oversee the approval and processing of
revenue, expenditure, budgets, salary updates, ledger, payroll, account
maintenance and data entry
- Analyze and review aged accounts, accounts
receivable, sales policy compliance, and make recommendations for
improvement
- Analyze and recommend methods to improve cost
effectiveness
- Ensure adherence to limits/covenants contained
in signed agreements with shareholders, financiers, clients and other key
partners (e.g. limits for capital investments)
- Ensure compliance with local and national regulatory
requirements: Check contracts for compliance, inform appropriate personnel
about regulatory requirements, and monitor the company's compliance
- Ensure compliance with both local and (where
applicable) international accounting principles and the company’s Finance
Manual
- Present the financial performance reports to
the CFO, Board of Directors and Finance Committee.
Supporting Business
- Support the company's strategic planning and
business review process as key member of the leadership team.
- Contribute to the achievement of the company
objectives by providing advice and guidance on financial strategy
- Maintaining relationships with the company's
banks, suppliers and other service providers so as to ensure that the
company receives timely, quality and cost efficient services at all times.
- Interact with other managers to provide
consultative support to planning and forecast initiatives through
financial and management information analyses, reports, and
recommendations
- Provide advice on pricing and capacity
management strategy
- Participate in developing new business and
identify new financing opportunities
- Assess the long term financial trends and
review prospects for future growth of income and new product areas, and
pinpoint potential weak areas
- Act as primary liaison with the company
secretary.
Overseeing Accounting Systems and
Procedures
- Continually review and upgrade accounting
systems and procedures in line with the company's operating systems,
internal control requirements.
- Ensure compliance with taxation laws,
including accurate computation, declaration and timely payment.
- Oversee the coordination and activities of the
external auditor and ensure all audit issues are resolved
- Establish and maintain appropriate internal
control safeguards
- Review and improve finance, accounting,
billing, and auditing procedures
- Coordinate company insurance, contracts and
agreements, and legal areas and activities
- With the CFO develop and implement risk
management policies
Managing finance department
- Setting and evaluating performance standards
for departmental staff.
- Manage, motivate, recruit, select and evaluate
financial staff
- Provide guidance and training to financial
staff in order to further improve their overall financial knowledge
Working Conditions
- The organization is based in Nyeri and working
conditions are normal for an office environment.
- Work requires willingness to work a flexible
schedule and possible weekend commitments.
Qualifications and Experience
- Full professional Accounting Qualification
- Bachelor’s degree in a business related field
is MANDATORY
- Master’s degree or equivalent is highly
desirable
- Must be a registered professional of good
standing with a relevant body.
- At least ten (10) years’ post- qualification
progressive experience. Prior experience in a Manufacturing environment is
MANDATORY.
- Must have previously supervised a Finance
function with more than 5 employees.
- Desired Skills and Attributes
- Someone with a do-and-learn approach
- Someone with a quantitative mindset
- Someone who can communicate in a clear and
fluid manner
- Someone who believes in a job well done
- Someone who is meticulous with details &
design
How to Apply:
Interested candidates holding the necessary requirements, good performance and / or references are encouraged to apply with detailed CV’s, inclusive of names and contacts of 3 referees, current telephone number and email address by scrolling down and clicking on: Finance Manager
Kindly include your current and expected remuneration in your resume.
Kindly be advised, this job is open to Kenyan nationals only
Interested candidates holding the necessary requirements, good performance and / or references are encouraged to apply with detailed CV’s, inclusive of names and contacts of 3 referees, current telephone number and email address by scrolling down and clicking on: Finance Manager
Kindly include your current and expected remuneration in your resume.
Kindly be advised, this job is open to Kenyan nationals only