Finance Manager
Our client, is a leading ICT
Solutions provider in East Africa region. They are seeking to recruit a highly
talented professional to fill in the following position in their Nairobi
office:
Reporting to the Managing Director,
this position will responsible for designing & implementing the key
financial policies, procedures and systems required to help the company manage
its financial operations.
Responsibilities
Financial Management:
·
Ensure sound financial management for
the company in compliance with IFRS and Kenyan statutory requirements
·
Manage monthly financial reporting,
bank reconciliation, cash flow analysis and management, accounts/banking
management, processing expense vouchers
·
Ensure adherence to the financial policies,
procedures and practices; ensure compliance with governmental contracts,
supplier and other agreements;
·
Work closely with the External
auditors to facilitate annual audits; identify and coordinate audit process
with the finance team.
Tax Management:
·
Compliance with tax, legislative and
statutory requirements for both the company and the employees.
·
Prepare and submit tax returns
(Income Tax, VAT and Withholding Tax)
·
Monthly PAYE submissions, PAYE
reconciliation (mid-year and annual).
·
Ensure taxes are paid on time and go
through ledgers to ensure tax is withheld where applicable.
Fixed Assets Management:
·
Develop and maintain the property
management database/inventory spreadsheet; update the database for each new
purchase of equipment;
·
Supervise quarterly inventories to
reconcile database entries with physical counts of property within the office;
·
Ensure fixed assets records and
database are maintained in both hard and electronic copy
·
Ensure all fixed assets are
comprehensively insured at all times
Working Capital Management (Payables,
Receivables, Stocks, Cash and Bank Balances)
·
Ensure collection of 80% of debts
from the allocated debtors on time
·
Ensure timely submission of all
monthly bills payments.
·
Update receipt payments made by
clients into the system on timely basis
·
Ensure cash flow management practices
by regulating debt, collecting debt and controlling credit.
·
Ensure 100% compliance to company
internal control procedures and follow the company credit policy in all
financial transactions
·
Safeguard company stocks and maintain
necessary ledgers.
Procurement and Logistics:
·
Supervise and ensure the consistency
of procurement records management; create and comply with standard records file
list for all procurement activities – Purchase Order Forms, receipt of goods
and services (GRN forms)
·
Manage supplies management process
that ensures adequate stock of supplies to prevent stock-outs
·
Oversee and guide the logistics team
as per work plan.
Qualifications
·
Degree in Finance or related course
·
MBA in Finance, Accounting or
Strategic Management is added advantage
·
CPA (K)
·
Over 5 years in a comparable role
(preferably in the IT Industry)
·
Experience in a retail environment
·
Knowledge of International Accounting
Standards
·
Familiarity with Kenyan regulations
and practices especially in finance & human resources
How to Apply
Interested candidates are requested
to forward their updated CVs to recruit@virtualhr.co.ke with
the subject FINANCE MANAGER by 27th November 2017, stating their current and expected
remuneration, daytime telephone contacts and addresses of three referees. Only
shortlisted candidates will be contacted.