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Finance and Manager

Ad ID
1110039
Posted at
27. Jul, 11:52
Details
Company Industry
Human Resources
Work Type
Full time
Job Level
Senior level
Minimum Qualification
Bachelor
Years Experience
5 years
Application Deadline
2018-09-03
Location
Nairobi CBD Nairobi
Description

Key Performance Areas

Financial Management

· Compile and analyze financial information to prepare financial statements for monthly and annual accounts

· Develop and consolidate annual budget in liaise with the Management team

· Ensure sufficient funds are available to meet ongoing operations

· Manage the annual audit process to ensure audit recommendations are followed

· Prepare and co-ordinate annual statutory audits in liaison with both internal and external auditors

· Support the CEO in implementation of recommendations from auditor’s reports

· Set up and issue budget controls on forecast activities

· Monitor performance against established budgets

· Interpret the company’s financial results to management and recommend improvement activities

· Advise senior management on portfolio investment

Treasury / Cash Flow Management

· Ensure proper management of cash flow and optimal use of available resources and proactively anticipate shortfalls and mitigate associated risks

· Work closely with the Management to establish and maintain cash controls

· Reconcile bank statements and process invoices and update the purchase order systems

· Effectively manage treasury through optimal use of excess cash

· Manage the foreign exchange risks associated with international trade

· Liaise with Banks to ensure optimal use of baking facilities

· Ensure that all company receivables are collected and banked in the shortest time period and ensuring robust credit policies are in place and implemented

· Management of Financial Systems and Procedures

· Ensure Financial Management and Risk Management requirements are met

· Ensure appropriate policies are developed and enforced

· Develop controls and oversee procedures in issuing all payments and cheques

· Manage the Finance IT environment (Hardware and Software) systems

· Ensure the finance staff and those involved in approval or financial processes are trained to use Finance hardware and software systems

· Ensure all transactions are properly recorded, and reports are generated regularly

· Monitor and ensure compliance to all statutory requirements

· Analyze financial information to recommend and develop efficient use of resources and procedures

Strategies Development and Implementation

· Develop strategies and tools to manage, oversee and report on all timelines of company’s annual budgets, actual and variance reporting for statutory accounting as well as management reporting

· Analyze and advise on business operations, revenue and expenditure trends, financial commitments and future revenues

· Provide strategic recommendations and maintain solutions to business and financial problems

· Provide strategic recommendations for investment portfolios and capitalization

Accounting

· Overseeing Financial Accounting

· Promptly present financial reports

· Ensure Proper Book Keeping and Filing

· Ensure the accounts payable and accounts receivable systems are maintained

· Ensure proper and legal contracts are in place for all contractors before payment

· Effectively manage cost recovery

· Ensure financial records are maintained in compliance with accepted policies and procedures

· Ensure financial databases are accurately maintained

· Ensure accurate and appropriate recording and analysis of revenues and expenses

· Prepare financial management reports including budget variance reports

· Effectively resolve accounting discrepancies and irregularities if any

· Prepare, consolidate and present analytical reports for the Managing Director

Knowledge and Skills Required

1. Bachelor of Commerce Majored in Finance or Accounting, Degree in Business Administration or equivalent

2. CPA (K) or equivalent qualification

3. At least 5 years’ professional experience with 2 years at a managerial level position

4. Knowledge in accounting regulations

5. Knowledge in tax legislation and statutory deductions for employee

6. Can manage factory and operations

7. Understanding of accounting and finance and is able to interpret accounts

8. Having an understanding of quickbooks

9. Willing to relocate to Uganda, ideally someone from Kenya or UgandaProvide

10. Cross checking of sales with banking

11. Be able to procure raw materials from abroad and locally

Competencies

1. Analytical Skills

2. Strong management and organizational skills

3. Strong influencing skills

4. Excellent written and oral communication skills

Compile and analyze financial information to prepare financial statements for monthly and annual accounts

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BrighterMonday Kenya
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