Our client is a leading ICT Solutions provider in East Africa region. They are seeking to recruit a highly talented professional to fill in the following position in their Nairobi office:
Reporting to the Managing Director, this position will responsible for designing & implementing the key financial policies, procedures and systems required to help the company manage its financial operations.
Finance Manager Job Responsibilities
Financial Management:
- Ensure sound financial management for the company in compliance with IFRS and Kenyan statutory requirements
- Manage monthly financial reporting, bank reconciliation, cash flow analysis and management, accounts/banking management, processing expense vouchers
- Ensure adherence to the financial policies, procedures and practices; ensure compliance with governmental contracts, supplier and other agreements;
- Work closely with the External auditors to facilitate annual audits; identify and coordinate audit process with the finance team.
Tax Management:
- Compliance with tax, legislative and statutory requirements for both the company and the employees.
- Prepare and submit tax returns (Income Tax, VAT and Withholding Tax)
- Monthly PAYE submissions, PAYE reconciliation (mid-year and annual).
- Ensure taxes are paid on time and go through ledgers to ensure tax is withheld where applicable.
Fixed Assets Management:
- Develop and maintain the property management database/inventory spreadsheet; update the database for each new purchase of equipment;
- Supervise quarterly inventories to reconcile database entries with physical counts of property within the office;
- Ensure fixed assets records and database are maintained in both hard and electronic copy
- Ensure all fixed assets are comprehensively insured at all times
Working Capital Management (Payables, Receivables, Stocks, Cash and Bank Balances)
- Ensure collection of 80% of debts from the allocated debtors on time
- Ensure timely submission of all monthly bills payments.
- Update receipt payments made by clients into the system on timely basis
- Ensure cash flow management practices by regulating debt, collecting debt and controlling credit.
- Ensure 100% compliance to company internal control procedures and follow the company credit policy in all financial transactions
- Safeguard company stocks and maintain necessary ledgers.
Procurement and Logistics:
- Supervise and ensure the consistency of procurement records management; create and comply with standard records file list for all procurement activities – Purchase Order Forms, receipt of goods and services (GRN forms)
- Manage supplies management process that ensures adequate stock of supplies to prevent stock-outs
- Oversee and guide the logistics team as per work plan.
Qualifications for the Finance Manager Job
- Degree in Finance or related course
- MBA in Finance, Accounting or Strategic Management is added advantage
- CPA (K)
- Over 5-7 years in a comparable role (preferably in the IT Industry)
- Experience in a retail environment
- Knowledge of International Accounting Standards
- Familiarity with Kenyan regulations and practices especially in finance & human resources
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