Job Vacancy: Chief Financial Officer (CFO)
The aim of the role is to secure strong stability, controls,
efficiency and compliance of the Company’s Finance, Accounting and Information
Technology.
The CFO will take lead responsibility for all financial and
management accounting, treasury, tax, financial risk management and control
functions, budgeting, as well as investor reporting.
In doing so, the CFO will:
· Ensure efficient and effective management of the Company’s treasury including efficient cash management procedures and practices;
· Ensure adequacy of
financing and risk management arrangements;
· Contribute to
development and achievement of corporate strategy and goals;
· Manage different
stakeholder relationships; and
· Operate an effective and
efficient accounting function to provide timely and accurate financial
information to shareholders, management, regulators, investors, auditors and
other stakeholders.
Key Duties and
Responsibilities:
Strategy & financial
performance:
· Develop strong and
collaborative working relationships with the Managing Director/CEO, Management
team, Board, and foster relevant relationships with shareholders, investors,
analysts, tax authority, consultants/financial advisors, regulators, lenders, banks
and other financial institutions and sources of financing;
· Together with the key
team, support in fundraising activities, planning and structuring capital
investment programmes, and lead deal structuring and major contract
negotiations in relation to financing of the Company;
· Implement appropriate
and effective treasury and risk management policies, practices and procedures
in order to support operations of the Company;
· Design and implement an
optimal tax strategy in order to manage tax-related risk exposures;
· Enhance the capacity of
the finance including structure, skills, processes, systems, performance
management and culture to ensure it effectively supports the business;
· Support development and
achievement of the corporate strategy by providing timely and reliable
financial information, analysis, projections and financial implications of
broader business initiatives;
· Ensure accounting and
internal control processes, methodologies and practices are in accordance with
financial policies and international financial reporting standards and good
practices;
· Implement transparent,
structured and effective budgeting, forecasting and forward planning processes,
coordinating all departments to align their plans with the overall business
strategy of the Company;
· Ensure that the
financial statements and management reports of the Company are reliable and
prepared in a timely manner in accordance with the International Financial
Reporting Standards (IFRS) to support decisions of management and key
stakeholders; and
· Perform any other
appropriate tasks in the furtherance of the finance function towards
achievement of the overall corporate goals of the Company.
Controlling &
Reporting:
· Establish specialized
integrated financial and management information systems in line with the
organization’s needs and enhance its utilization. The officer will lead the
adoption of new financial processes, technology adoption (ERP, data analytics,
etc.), process improvements and systems integration.
· Manage and develop cash
flow, forecasting and projections that meet operational needs and track funds
flow;
· Establishes and
maintains controls to safeguard the Company’s assets, documents and recommends
improvements to internal financial policies and procedures
· Develops and implements
a financial risk management policy;
· Analyses and reports
financial information to management and the Board within agreed timelines
including profit & loss statements, capital investment, budget allocation,
cash flow forecasting and asset-liability management;
· Review and analyze
financial data and performance against plan and industry overall performance;
· Ensure timely delivery
of reports required by regulatory and other relevant stakeholders;
· Establish and maintain
the financial business plan for the company, including the expense budget and
monitor variances between budget and actual performance;
· Implement systems to
enable management of expenses and capital needs within budget;
· Oversee the activity of
the external auditors;
· Manage the cost base by
instituting effective supply chain and purchasing policies and follow up
measures;
Risk, Compliance and
Governance:
· Lead organizational risk
and compliance management that ensures organizational continuity while
upholding company reputation;
· Implement global best
practices, create policies and processes that effectively measure, monitor and
control the risk environment;
· Provide guidance to the
board and management on risk management and compliance activities including
funding, legal, statutory and overall organizational operations;
· Ensure that all
governance processes are streamlined and function within the parameters of the
regulatory and investors requirements, global best practices and company
Policies;
Policy, Procedures and
Controls:
· Develop policies and
procedures for the finance function that are aligned to the business model.
· Ensure all financial
controls are put in place and monitor the same.
· Conduct staff
sensitization sessions periodically to keep staff abreast of policies and
procedures.
· Ensure effective
management of manual and online financial management and procurement systems in
line with approved budget plans.
· Ensure effective filing,
whether manual or electronic, of financial and procurement records.
· Ensure effective internal
controls are implemented.
Budgeting, Financial
Management & Procurement:
· Develop operations
annual and interim budgets. Confirm that proposed budgets adhere to
organizational, statutory and professional guidelines;
· Review and verify all
invoices /payment vouchers and forward to the MD for approval of payment;
· Review and verify all
transactions posted into sub-ledgers. Prepare the general ledger and run the
trail balance to confirm accuracy of the general ledger;
· Remit statutory
deductions and taxes including but not limited to corporate tax, VAT, PAYE,
withholding tax, etc.;
· Review and verify bank
reconciliations and supplier accounts;
· Process the payroll
where applicable;
· Prepare RFPs/ EOIs /
open tender document and circulate the same to the approved list of suppliers;
· Analyze the responses
received and prepare the necessary documentation for the respective approvals;
and
· Draft contracts for
selected service providers for review and approval by the MD.
How to Apply
If qualified, please send your CV to vacancies@jantakenya.com
with the title ‘Chief financial Officer’ by 23rd November 2022.