Job Title: Hospitality
Finance Manager
Location: Nairobi
Key Performance Indicators
·
Timely and accurate generation of key
reports for the General Manager in compliance with the reporting calendar.
·
KRA: meeting current obligations and
have agreement for outstanding balances as well as discussions began on waiver
on penalties and interest
·
Produce a weekly report showing high
level health check of the overall business
·
Build a solid team structure to
support the business of the future
·
Create manuals for the finance
department
·
All closing balances should be
reconciled and there shouldn’t be a discrepancy of more than Kes 75,000
·
Follow up with auditors and ensure
the audited report is ready for review by shareholders and returns are filed on
time
·
Create a solid payables and
receivables structure that controls processes in the business from procurement
all the way to collections
·
Maintain direct costs between 28
& 31% and operational costs at 45% of net sales
·
Integrity of numbers: all numbers are
accurate and can be shared with bank and potential investors
·
Management report to be submitted by
2nd of every subsequent month to allow for sufficient time for review and the
business to make the necessary changes.
·
In terms of personality we require
someone with an entrepreneurial mindset meaning they’re hungry for growth with
a long term view. Integrity is key since we are keen on getting out of the hole
the honest way.
·
Good supplier relationships with
signed off payment plans on the top 10 highest debts
·
Business has sufficient cash to meet
its obligations, at all times and excess cash invested profitably.
·
Bank relations managed efficaciously.
·
Accurate and up-to-date accounting
records that comply with set accounting standards as prescribed by management,
·
Realistic budgets compiled and budget
variance monitored to ensure that (unapproved) variance is maintained under
approved levels.
·
Cost reduction targets met and/or
exceeded
·
Financial systems work efficiently
and support information management, communication and reporting.
·
Management accounts prepared and
analyzed for the management team on monthly basis
·
Costing templates prepared for new
and existing products
Responsibilities
·
Continually reviewing and upgrading
accounting systems and procedures in line with the company’s operating systems,
internal control requirements and shareholder instructions.
·
Put the necessary financial plans in
place, including budgets and implementing appropriate budgetary controls.
·
Support the General Manager in each
business unit with their strategic planning and business review process.
·
Prepare cash flow forecasts and
statements, monitor working capital and manage cash balances by initiating/executing
appropriate actions including the investment of excess cash and inter-account
transfers.
·
Develop income and expenditure
accounts and tax returns.
·
Produce periodic and ad hoc
management reports as required in line with IFRS.
·
Analyse variances, explore potential
problems with Department Heads and identify solutions.
·
Support investment projects by
providing inputs to the budgeting process and analysis of projections.
·
Periodically conduct stock takes and
value the organization’s stocks for purposes of reporting.
·
Support Managers with costing process
·
Manage foreign accounts and ensure
that foreign currency holding levels are maintained at an optimal standard that
enables the company to meet spending commitments.
·
Generate treasury reports and bring
up issues that need action.
·
Ensure the timely and accurate
preparation of financial and management reports
·
Ensure that the company complies with
the country’s laws relating to corporate and other taxes, including accurate
computation, declaration and payment.
·
Set and evaluate performance
standards for departmental staff.
·
Maintain 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.
Qualifications and Experience
·
Degree in accounting or financial
management.
·
CPA (K), ACCA or the equivalent
·
4- 5 years’ experience in the
hospitality industry
·
Proven experience turning around the
hotel fortunes through prudent financial management
·
Experience in planning, budgeting and
costing
·
Strong analytical skills
·
People management skills
Kindly send your applications to
martin@jantakenya.com indicating current and expected salary on the subject
line for consideration.