Vacancy No. TUMEL/HR&ADM/FO/15/04/2024
Reporting to the Managing
Director
The
Finance Officer will be responsible for the overall financial activities of the
company, create forecasting models, assess risk in investments, and ensure all
accounting activities comply with relevant laws and regulations. The Finance
Officer will ensure proper maintenance of TUMEL financial records and accounts
and the smooth functioning of all TUMEL finance operations. The Finance Officer
will also be in charge of processing and recording all financial transactions;
financial reporting to the Board and Management; managing relationships with
suppliers and partner organizations; and ensuring the company meets its
statutory and regulatory obligations on time, among other responsibilities.
Key Duties and Responsibilities
- Ensure the development of financial
policies to guarantee a standardized system of operations in the
management of the Enterprise finances;
- Preparation of the quarterly
reports and financial statements for submission on or before the statutory
deadline;
- Develop and maintain timely and
accurate financial statements and reports that are appropriate for the
organization and in accordance with generally accepted accounting
principles.
- Develop, implement, and ensure
compliance with internal financial and accounting policies and procedures;
- Ensure all payments are correctly
authorized, recorded, and paid;
- Ensure monthly reconciliation of
all bank accounts done;
- Ensure all financial transactions
are correctly recorded in the accounting system
- Prepare monthly financial
management accounts;
- Review monthly results and
implement monthly variance reporting;
- Manage the cash flow and prepare
cash flow forecasts in accordance with the policy;
- Oversee the bookkeeping function
including maintenance of the general ledger, accounts payable, accounts
receivable and payroll;
- Update the Board and Management
regarding changes in legislation or regulations that may affect the
Enterprise’s business operations;
- Advise senior management on all
situations which have the potential for a negative impact on internal
controls or financial performance;
- Ensure statutory deductions and
other remittances are executed on time;
- Manage the acquisition of capital
assets and ensure that assets are properly recorded, amortized, and
disposed of as appropriate;
- Support Management in preparation
of the annual budget and project-specific budgets
- Ensure timely financial reporting;
- Ensure up-to-date company assets
record and insurance cover;
- Facilitating internal and external
audits and implementing recommendations of audit management letters
implementing recommendations of accounting, systems and compliance audits;
- Ensure participation of Finance
Department staff in continual training programs and career advancement;
- Evaluation of staff in the Finance
Department to ensure adherence to the performance targets; and
- Perform any such other duties as
may be assigned or delegated by the Managing Director.
Professional Qualifications, Requirements and
Experience
- Bachelor’s Degree in Commerce
{Accounting/Finance option} OR Bachelor’s Degree in Accounting/Finance OR
Business Administration {Accounting/Finance option} OR equivalent
qualification from a recognized institution;
- Must have served for a minimum of 5
years in the field of Accounting and Finance;
- Must be a CPA (K) or equivalent and
be a member of the Institute of Certified Public Accountants (ICPAK);
- Audit background is an added
advantage;
- Working experience with QuickBooks
and any other Enterprise Resource Planning (ERP) System will be an added
advantage;
- High attention to detail and
excellent analytical skills; and
- Experience with iTax system and the
month-end/year-end close process.
Personal Attributes
- Excellent written and spoken
English.
- Accuracy and strong attention to
detail
- Proactive approach to work,
self-motivation and a team player.
- Proficiency in Microsoft Office
- Excellent interpersonal skills, and
ability to deal with people from different cultures.
- Flexibility to work and adapt to
changing demands and circumstances.
- Ability to train basic skills in
Finance for Non-Finance Personnel.
- Possess excellent communication
skills.
- Good organizational skills.
- Excellent decision-making ability.
- Able to supervise staff.
- Must display a high level of
integrity and reliability.
- Must have good interpersonal
attributes.
How To Apply
NOTE:
If
you are successful and required to take up the position, it will be mandatory
for you to provide Chapter Six requirements for you to be employed.
Only
shortlisted and successful candidates shall be contacted. Any form of
canvassing either directly or indirectly shall lead to automatic
disqualification.
Application
letters accompanied by copies of a National Identity Card, a CV, relevant
certificates, and testimonials are to be submitted in soft copy to email: applications@tumel.co.ke
or in hard copy and submitted to the office of the Human Resource and
Administrative Officer not later than 30th April 2024 by 5:00 pm.
The Application should be
addressed to:
The Managing Director
Technical University of Mombasa Enterprises Limited (TUMEL)
P.O BOX 90420 – 80100
Mombasa.