This position is primarily responsible for smooth operation of the finance department ensuring that the management of the financial and accounting practices, systems and controls conform to company, applicable statutory requirements, and best industry practice.
Financial accounting and management
Oversee the credit control function.
Oversee the accounts payables function.
Oversee treasury management function.
Oversee fixed assets management including physical verification and accuracy of asset register.
Ensure correct accounting principles are applied to transactions and recommend revisions in accounting procedures in line with accounting and applicable IFRS standards.
Periodic review and recommend changes in processes, procedures, and controls.
Must be conversant with import procedures.
Reporting
Preparation of monthly management accounts and related reports.
Analyze actual expenditure against budgets across all branches and chart of accounts to ensure any discrepancies are queried and resolved.
Oversee preparation of Cash Flow Statements and Budgeting.
Oversee preparation of monthly balance sheet and P&L schedules.
Prepare required shareholder and board reports.
Prepare any other reports that may be required.
Compliance and Audits
Review VAT, WHT & WH VAT computations and filing of returns.
Ensure all payroll-related and other statutory and tax payments are remitted within deadlines.
Ensure compliance with covenants given by third parties e.g. banks, landlords etc.
Handle all tax and legal matters including tax and statutory audits as and when they arise.
Oversee interim and final annual audits including preparation of financial statements in accordance with the accounting standards.
Oversee any internal audits within the department including resolution of issues
raised.
Review the company policies and procedures as and when required and recommend for changes.
Budgets
Responsible for preparing annual budgets and forecasts.
Responsible for preparing rolling forecasts as and when required.
Assist in preparing long term budgets and forecasts.
Assist in group reporting requirements.
Employee and external stakeholder management
Engage with, coach and train departmental staff.
Set performance objectives and undertake half yearly reviews.
Responsible for approved recruitment within the department.
Maintain relationships and negotiate facilities with bankers of the company.
Maintain relationships with other key stakeholders of the company.
Qualifications
ACCA/ CPA (K) qualification and/or Bachelor’s degree. MBA is an added advantage.
Minimum of 7 years’ relevant experience in a large organization
Computer literate with strong skills in Microsoft Office especially Microsoft Excel
Excellent communication, analytical, problem solving and decision-making skills.
Knowledge of Kenyan tax laws and regulations
Knowledge of IFRS Standards.
Strong Working knowledge of SAP B1.
Knowledge of cost accounting will be an added advantage.
