Finance Officer Job in Kenya

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Finance Officer Job in Kenya

Job Title Finance Officer

Grade UF6

Corporation/Organization Universities Fund

Directorate N/A

Department Corporate Services

Division Finance

Section / Unit N/A

Basic Salary – Kshs. 46,903 – Kshs. 62,205 pm
Salary Scale House Allowance – Kshs. 16,500 pm

Commuter Allowance – Kshs. 5,000 pm

Reporting Relationships

Reports to Senior Finance Officer

Direct Reports N/A

Indirect Reports Accounts Assistants

Job Purpose

The job holder is responsible for preparing management reports, annual financial report with assets worth over Kshs.47 Billion, the annual budget worth over Kshs.19 Billion, coordinating budgeting process with over 15 cost centers and ensures bank reconciliation are conducted for the over 3 bank account.

Key Responsibilities/ Duties / Tasks


Managerial / Supervisory Responsibilities 

  • Coordinate collation of ideas for policy formulation to enhance compliance to laws and regulations;
  • Coordinating coaching and mentoring the direct reports for succession planning;
  • Coordinating review of risk management strategies that relate to the section to help identify what needs to be done to prevent future incidences;
  • Coordinating performance management for direct reportees to monitor and improve performance;
  • Drafting responses to Audit recommendations to provide actions to take to correct the findings.

Operational Responsibilities / Tasks Operational Responsibilities/Tasks

  • Preparing periodic performance reports to ensure adhere to approved budget worth over Kshs.19 Billion;
  • Producing timely and accurate management reports for decision making;
  • Preparing of sectional risk register to ensure identification, determination of impact of risk and propose corrective actions;
  • Preparing timely and accurate Quarterly and Annual Report and Financial Statements with assets worth over Kshs.47Billion to reflect the true and fair position of the institution;
  • Providing audit schedules to internal and external Auditors to ensure smooth audit exercise;
  • Preparing timely and accurate monthly Bank reconciliation reports to ensure accuracy of transactions;
  • Recommending Review of risk management strategies that relate to the section to identify what needs to be done to prevent future incidences;
  • Monitoring costs against budgets to ensure adherence to strategic objectives;
  • Preparing of annual Sectional work plans and budgets to ensure achievement of set objectives;
  • Analyzing funds utilization within the institution to ensure efficient utilization of funds;
  • Adhering to laid down accounting controls procedures and processes for consistency in the day-to-day operational activities.

Job Dimensions:

Financial Responsibility

  •  Development of sectional budget;
  • Preparation of financial statements with assets worth over Kshs.47 Billion; and
  • Preparing the budget performance analysis for a budget worth over Kshs.19 billions

Responsibility for Physical Assets

Responsible for physical assets assigned by the institution worth over Kshs.400,000/-

Problem Solving

The job holder will be required to solve the following type of problems:

  • Complex and open-ended problems in the Finance Department.
  • Problems are broad and complex, influenced by finance policy and regulations.
  • Solutions will often be arrived at through consultation of the National Treasury and the Ministry of Education.
  • Strategic issues affecting the financial viability of the department.
  • Problems are highly complex, requiring significant research and creative thinking. Consultations will be required

Communication

The job holder will need to understand the following information to discharge his/her mandate:

  • Detailed verbal instructions or written requests from various departments on the implementation of the budget;
  • Writing Universities Fund internal policy documents on finance;
  • Financial reports of in-depth technical reports, proposals or project briefs affecting the Universities Fund.
  • Complex commissioned reports, proposals or project briefs affecting the financial viability of the Fund.

Decision Making / Job Influence

  •  Participates in the making of strategic decisions that influence the financial management of the Fund;
  • Participates in the making of operational decisions that direct day to day operations, scale and quality of services offered by the division

Job Competencies (Knowledge, Experience and Attributes / Skills).

Academic qualifications

Bachelor’s degree in any of the following disciplines: – Commerce (Accounting option); Commerce (Finance option); Business Administration (Accounting option) or equivalent qualification from a recognized institution

Professional Qualifications / Membership to professional bodies

Certified Public Accountant (CPA) part 1, Certified Financial Analyst

(CFA) Part 1 or Association of Chartered Certified Accountants (ACCA) Part 1 is desirable

Previous relevant work experience required.

At least 4 years’ experience in a finance/accounting role.

Functional Skills, Behavioral Competencies/Attributes:

Functional Skills

  1. IT Proficiency
  2. Supervisory
  3. Analytical skills
  4. Communication

Behavioral /Competency skills

  1. Interpersonal
  2. Team player
  3. Attention to details
  4. Reliable & Dependable
  5. Fulfil the requirements of Chapter Six (6) of the Kenyan Constitution 2010

Please note that the following Clearances will ONLY be required from successful candidates on offer of job and not at application stage;

  • Clearance from Directorate of Criminal Investigations (Good Conduct Certificate);
  •  Clearance from Ethics and Anti-corruption Commission;
  •  Clearance from Kenya Revenue Authority (Tax Compliance Certificate);
  •  Clearance from Higher Educations Loans Board (HELB);

Interested candidates are hereby called upon to apply in confidence to the address below via Post Office or Hand delivery or via the email (recruitment@ufb.go.ke) latest 21st February 2023 at 5.00 PM East African time (EAT). Enclosing cover letter, CV with full details of education background, professional qualifications and relevant experience together with copies of testimonials, academic certificates and National Identity card.

CHIEF EXECUTIVE OFFICER

UNIVERSITIES FUND

1ST FLOOR NACOSTI BUILDING

OFF WAIYAKI WAY

P.O BOX 28237 – 00100

NAIROBI

The Universities Fund is an equal opportunity employer and encourages all qualified persons in-cluding the Youth, Women, Persons with Disability and Persons from Minority groups to apply. Only successful candidates shall be contacted for interviews and canvassing will lead to automatic disqualification.

The Universities Fund does NOT charge any fee at any stage of recruitment.

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