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Financial Controller

Leading company in Agriculture, fishing, forestry

Closing: Jan 19, 2023

This position has expired

Published: Dec 20, 2022 (2 months ago)

Job Requirements

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Job Summary

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Job Purpose

To lead the analysis of financial operations and accounting practices as well provide insights for sound business decision making and overall business strategy in line with Company overall objectives.



Department/Office: Finance
Reporting to: Managing Director


Responsibilities

Job Purpose

To lead the analysis of financial operations and accounting practices as well provide insights for sound business decision making and overall business strategy in line with Company overall objectives.



Department/Office: Finance
Reporting to: Managing Director


Strategic

  • Provide strategic analysis and guidance for the company and all business units.

  • Evaluate business decisions and advice management on best options or alternatives based on risk and return.

  • Ensuring that any decision taken maximizes the value of the company.


Establish Controls, Review and Implementation: Ensure safeguarding of Company assets by:

  • Developing and reviewing internal controls from time to time to ensure they are effective and valid.

  • Ensure that control procedures are followed with constant review to ensure their effectiveness.

  • Ensure that all aspects of accounting have valid policies and procedures that are properly documented and signed off (Fixed assets, inventory, supply chain & supplier payments, cash, etc).


Budgeting and Cost control: Ensure that the Company has an operations guideline/framework for financial planning/budget and expenditure by:

  • Driving and Coordinating the annual budgeting exercise across all departments.

  • Monitoring expenditure, analysing revenues and determining budget variances and reporting the same to management on weekly and monthly basis.

  • Preparing project cost forecasts, cost tracking, reviewing, monitoring and control.

  • Establishing and maintaining systems for cost-sensitivity analysis and early-warning of cost-overruns.

  • Working consultatively with the respective departments on cost reduction initiatives.

  • Ensuring that production cost centres are monitored closely to ensure that they are meeting their budgeted targets.


Management accounts reporting

  • Support/ provide management with accurate, timely and relevant financial and statistical data to aid in decision making, weekly, monthly, quarterly and adhoc.

  • Review and recommend changes to existing accounting policies & procedures.

  • Review the profitability of the business through cost analysis and profitability reports.

  • Advice management early on any deviations to budget that will impact profitability on a weekly basis and offer advice on how to mitigate these, e.g reduced yield and reduced exported volumes


Treasury management

  • Ensure optimal management of liquidity by providing oversight in cash flow planning/forecasting, supplier payments, receivables management, stock holding levels and payroll to ensure optimal working capital for the company.


Statutory Compliance and Tax Planning

  • Ensure tax compliance across all aspects of business through review of all tax computations before timely payments.

  • Oversee annual external and internal audits and responding to the issues raised.


Team Management

  • Roll out departmental programmes to develop, engage and retain talented individuals in the department. The position holder is also expected to co-create an environment where employees can realize their full potential and contribute to the attainment of functional and organizational goals; Training new team members and succession planning.


Stakeholder Management

  • Develop external relationships with relevant contacts e.g. suppliers, clients, auditors, solicitors, Lawyers, industry regulators bankers and statutory organizations such as KRA etc. for the benefit of the Company.

  • Ensuring that the management is updated with changes in regulatory/ compliance issues.

Key Performance Indicators

  • Accuracy, timeliness & Compliance of financial reports to required standards and timelines.

  • Zero instances of non-compliance issues with relevant authorities in regard to statutory payments and taxes.

  • Timely and accurate product costing analysis and customer profitability reports.

  • Business Profitability within budgets.

  • Complete documentation of expenditure approvals – approval by Finance.

  • Zero loss of assets( Fixed assets/ inventory/cash .

  • Accurate and timely payments to stakeholders.

  • Financial Audit findings – Number of non-conformities,

  • Accuracy and Timely in budgeting.

  • Ensuring no budget overruns and discussing cost cutting measures with departmental
    heads.


Minimum Requirements

  • Full professional qualification (CPA-K) with experience in a Horticultural setting.

  • Bachelors degree in a business-related field.

  • Eight (5) years relevant experience with 3 being in a senior position.

  • Proficiency in ERP systems & PowerPoint.


Competencies and Attributes

  • Excellent verbal and written communication skills

  • Demonstrable principle in line with the company’s culture. Exhibit passion, integrity and dignity

  • Entrepreneurial: ability to conceive, translate to projects and exploit opportunities.

  • Ability to manage diverse, young and vibrant teams.

  • Working Knowledge in ERP systems - Quickbooks

  • Results oriented


Relationships and working contacts. Internal Stakeholders: All departments. External Stakeholders: Auditors, bankers, insurance companies, suppliers and sector regulators.






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