Cytonn Investments is an independent investment management firm, with offices in Nairobi – Kenya and D.C. Metro – U.S. We are primarily focused on offering alternative investment solutions to global and local institutional investors, individual high net-worth investors, and diaspora investors interested in the East-African region. Our investments are in real estate and private equity. Real estate investments are made through our development affiliate, Cytonn Real Estate, where we currently have over Kshs. 82 billion of projects under mandate across ten projects. In private equity, we invest in banking, insurance, education, hospitality and technology.
To manage its rapid growth, Cytonn Investments is looking for a dynamic and hardworking individual with strong leadership and entrepreneurial skills to join as the Financial Controller (FC). The successful candidate will have the opportunity to participate in a strong equity incentive structure.
The key role of the position is to provide financial advice and counsel on strategic and operational issues in the Finance Department, as well as work with the Finance Team to execute and reconcile the daily financial and accounting activity of the firm. As a Manager of Cytonn, he/she will be expected to continuously offer all stakeholders the most accurate financial position of the firm, as well as assist in offering perspectives as to how Cytonn can meet, and exceed, its goals and objectives while maintaining a financially sound position.
Responsibilities
- Take overall control of the company’s accounting function.
- Handle full spectrum of financial and cost accounting role e.g. Forecasting and budgeting.
- Perform full set of accounts and ensure timely closing of accounts.
- Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
- Responsible for timely monthly consolidated financial statements, payments and cash-flow.
- Review & approve payment vouchers & journal entries.
- Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis.
- Assist in leading the annual budgeting and planning process including forecasting.
- Assist the Directors in leading the audit process; ensure transparency in all internal and external financial reporting.
- Developing financial strategies by forecasting capital, facilities and staff requirements, identifying monetary resources, developing action plan.
- Effectively manage, lead and develop a finance and corporate services team; develop, mentor and where necessary, recruit a staff of high performers that recognize and embrace Cytonn’s vision and its unique culture and set of values; build the team’s bench strength.
- Work with Directors to establish and implement both short and long-term goals, objectives and policies for the Finance Department.
- Accountable for all the timely preparation and accuracy of all financial reports and documents to be presented to the Board, shareholders and financial/investment community.
- Maintain a strong relationship with the Company’s bankers and other lenders and determine loan credit facility requirements and administering arrangements.
- Implement a robust contracts management; ensure that the contract billing and collection schedule is adhered to and that financial data and cash flow are steady and support operational requirements.
- Manage company policies regarding capital requirements, debt, taxation, equity, disposals and acquisitions, as appropriate.
- Ensure that the regulatory requirements of all statutory bodies are met, and ensure compliance with taxation and any other financial legal requirements.
- Ensure the designing and implementation of procurement strategies that support the business, the changing market conditions, and new business opportunities.
- Any other duties as may be assigned from time to time
Requirements
- Bachelor’s Degree in Accounting, Finance or related field (MBA/Msc an added advantage)
- Professional accounting designation (ACCA, CPA etc.)
- At least 7 years of overall professional experience; ideally 5+ years of broad financial management experience. Global markets and operating experience will be a significant added advantage.
- Strong leadership skills.
- A track record in financial management.
- Keen analytic, organization and problem solving skills, which support and enable sound decision making.
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