Finance Manager
Key Responsibilities:
Management
- Offer
strategic direction for the organization Assist management in the
formulation of its overall strategic direction.
- Maintain
a documented system of accounting policies and procedures.
- Oversee
the finance department, including the design of an organizational
structure adequate for achieving the department’s goals and objectives.
- Provide
inspirational leadership and direction to all direct reports, and ensure
the continued development and management of a professional and efficient
organization. Develops and administers programs, procedures, and
guidelines to help align the workforce with the strategic goals of the
company.
- Developing
external relationships with appropriate contacts, e.g. auditors, bankers
and statutory organizations.
- Establishes
Finance and Administration departmental measurements that support the
accomplishment of the company’s strategic goals.
- Manages
the preparation and maintenance of such reports as are necessary to carry
out the functions of the department. Prepares accurate periodic reports
for management to specific deadlines, as necessary or requested, to track
strategic goal accomplishment.
- Participates
in executive, management, and company staff meetings and attends other
meetings and seminars.
Funds Management
- Forecast
cash flow positions, related borrowing needs, and available funds for
investment.
- Develop
and administer corporate revenue recognition policies and controls.
- Ensure
that sufficient funds are available to meet ongoing operational and
capital investment requirements.
- Use
hedging to mitigate financial risks related to the interest rates on the
company’s borrowings, as well as on its foreign exchange positions.
- Perform
as the primary interface between the company and our
banking/financing/credit providers. Administer, monitor, ensure accuracy
of, and report on all bank accounts.
- Ensure
compliance with financing terms and conditions. Monitor and report on
company credit position and related information.
- Establish
and execute programs for the provision of capital required by the business
including negotiating the procurement of capital and maintaining the
required financial arrangements.
- Review
and ensure corporate compliance of all contracts, including NDAs, SOWs,
Sales Orders, Change Orders, Partner Agreements, etc.
- Administer
invoicing and/or payment schedules per contract terms and company AR
processes. Maintain secure and complete records of all original documents.
- Administer
company expense management system, including expense guidelines, expense
reporting, employee reimbursements, and compliance with company policies.
Budgeting
- Manage
the preparation of the company’s budget
- Operationalize
the budget and report to management on variances from the established
budget, and the reasons for those variances.
- Cashflow
management and budget variance analysis
Financial Analysis
- Cost
accounting. Engage in ongoing cost reduction analyses in all areas of the
company.
- Engage
in project accounting and costing to determine project costs and
profitability
- Engage
in benchmarking studies to establish areas of potential operational
improvement.
- Interpret
the company’s financial results to management and recommend improvement
activities.
- Review
company bottlenecks and recommend changes to improve the overall level of
company throughput.
- Participate
in target costing activities to create products that meet predetermined
price goals.
- Provide
all financial reports as required and/or requested by members of the
Executive Team. Report on variances from plans, budgets, and forecasts.
Conduct trend analyses with previous period comparatives and
industry/competitor reports.
- Manage
the capital budgeting process, based on constraint analysis and discounted
cash flow analysis.
- Create
additional analyses and reports as requested by management.
Risk Management
- Understand
and mitigate key elements of the company’s risk profile.
- Monitor
all open legal issues involving the company, and legal issues affecting
the industry.
- Construct
and monitor reliable control systems.
- Maintain
appropriate insurance coverage.
- Ensure
that the company complies with all legal and regulatory requirements.
- Ensure
that record keeping meets the requirements of auditors and government
agencies.
- Prepare
the board of directors Risk Report.
- Maintain
relations with external auditors and investigate their findings and
recommendations.
Office Management
- You
oversee the financial and day-to-day-management of offices &
operational premises, maintain an adequate security setup, and ensure safe
& secure accommodation of all staff members
- You
also supervise the internal travel desk, in charge of all international
travel arrangements (flights / visa / accommodation & pickup)
Facilities and Asset Management
- Provides
recommendations and takes approved action to ensure equipment and supplies
that effectively meet operational requirements with a minimum of
expenditure.
- Maintains
a positive, professional physical working environment, facilitating a
productive climate for operations through maintenance, planning and
general building services.
Human Resource Management
- Makes
decisions relative to the selection, contracting, promotion, utilization,
development, training, retention and compensation of Finance &
Administration department staff
- Work
with the executive team in policy development and documentation
- Provide
leadership and motivation to staff by fostering a culture of creativity,
encourages good performance, ensuring appropriate training, and rewards
productivity.
- Employee
recruitment, management, evaluation and termination according to
authorized personnel policies and procedures that fully conform to current
law and regulations
Other Duties
- Performing
any other duties delegated by the CEO
Qualification and Experience
- Minimum
Bachelor’s degree or equivalent in Accounting or Finance.
- preferably
augmented with an MBA
- CPA
(K)
- A
minimum of 5 years of financial experience and management experience with
the day to day financial operations of an organization.
- Active
affiliation with appropriate financial management networks and
organizations, preferred.
- Possess
ongoing affiliations with leaders in successful companies and
organizations at financial manager level.
- Experience
working in an audit firm and financial services sector is required.
How to Apply
If you are up to the
challenge, possess the necessary qualifications and experience, kindly send
your detailed CV quoting the job title on the email subject “Finance Manager”
to: vacancies@jantakenya.com