Finance Manager

Job Purpose

The holder of this position will be responsible for advising Senior Management on how to increase profit through prudent financial practices, monitoring, and enforcing compliance with finance-related laws, procedures and regulations such as tax filing and financial reporting. The Job is also responsible for supportive services such as office administration by ensuring efficient operations to the delight of all stakeholders.

 

Principal Accountabilities (KEY Performance areas):

• Perform financial management duties including generating financial data, compiling, and submitting reports, analysing industry trends and assessing the financial health of the company.

• Oversee the operations and development of the company’s finance departments including creating and reviewing policies, budgeting, recruiting, training and conducting regular assessments of financial procedures.

• Supervise the preparation of quarterly and annual account reconciliations, monitor and enforce compliance with tax and financial reporting standards and assist with cash flow forecasting.

• Advice colleagues and executive management on decisions related to the company’s finances.

• Supervise the preparation and documentation of the company’s statements and forecasts.

• Create strategic business plans based on the analysis of the company’s status and financial forecasts.

• Monitor the day-to-day financial operations within the company (payroll, invoicing, and other transactions)

• Prepare monthly and quarterly management reporting

• Participate in strategic data analysis, research, and modelling for senior company leadership

• Support project analysis, validation of plans, and ad-hoc requests

• Manage the company’s financial accounting, monitoring, and reporting systems

• Ensure compliance with accounting policies and regulatory requirements

• Achieves financial objectives by anticipating requirements, submitting information for budget preparation, scheduling expenditures; monitoring costs; analysing variances.

• Establishing policies, procedures, and work schedules for the support staff.

• Provides communication systems by identifying needs: evaluating options; maintaining equipment; approving invoices.

• Manage administrative staff by recruiting, selecting, orienting, and training employees; maintaining a safe and secure work environment; developing personal growth opportunities.

• Accomplishes staff results by communicating job expectations; planning, monitoring and appraising job results; coaching, counselling, and disciplining employees; initiating, coordinating, and enforcing systems, policies and procedures.

• Purchase printed materials and forms by obtaining requirements, negotiating price, quality and delivery and approving invoices.

• Complete special projects by organizing and coordinating information and requirements; planning, arranging, and monitoring results.

• Provides historical reference by developing and utilizing filing and retrieval systems.

• Maintains continuity among corporate, department and local work teams by documenting and communicating actions, irregularities, and continuing needs.

• Contributes to team effort by accomplishing related results as needed.

Minimum Requirements

The incumbent is required to have the following qualifications and experience level:

• Bachelor’s degree in business, finance, accountancy, statistics, economics, or related subject.

• Master’s degree in business administration or finance is an advantage.

• CPA(K)

• Member of a relevant professional body , ICPAK

• Minimum of five (5) years of experience in accounting and/or financial analysis

• Ability to synthesize large quantities of complex data into actionable information

• Knowledge of financial reporting and data mining tools such as SQL, Access, etc.

• Excellent business judgment, analytical, and decision-making skills

• Strong demonstrated use of Excel, Word, and PowerPoint

Leadership Competencies

• Ability to understand and anticipate the needs of internal/external customers and acting to meet their requirements

• Strives to be the best, totally committed, lives by highest standards and operates at their peak potential

• Possesses a mindset that embraces critical questioning, innovation, service and continuous improvement.

• Ability to analyze situations, diagnose problems, identify the key issues, establish and evaluate alternative courses of action and produce logical, practical and acceptable solutions

• Ability to identify need for change, communicates and champions transformation process with drive and commitment

• Ability to use networks, formal & informal relationships to build trust across the organizations and able to provide an enabling environment for work to thrive

• Has a good understanding of the business, regulatory and competition landscape and applies sound commercial judgment to influence short and long-term goal

• Seeks and gives regular feedback and builds professional skills, knowledge and competencies to improve self and others

 

Technical Competencies

Financial Analysis: The ability to interpret and analyze financial data to assess the performance and financial health of the organization, identify trends, and make strategic recommendations.

Financial Reporting: Proficiency in preparing accurate and timely financial reports, ensuring compliance with relevant accounting standards e.g. IFRS, and effectively communicating financial information to stakeholders.

Budgeting and Forecasting: Expertise in developing comprehensive budgets, forecasting future financial performance, and variance analysis to assist in decision-making and resource allocation.

Risk Management: Skill in identifying, assessing, and managing financial risks such as market risk, credit risk, and operational risk to minimize potential losses and optimize risk-return trade-offs.

Financial Modeling: Ability to create and utilize financial models to simulate various scenarios, evaluate investment opportunities, conduct sensitivity analysis, and support strategic planning and decision-making.

Capital Allocation: Proficiency in determining the most efficient allocation of capital resources, including debt and equity financing, to support the organization’s growth objectives and maximize shareholder value.

• Tax Planning and Compliance: Understanding of tax laws and regulations to optimize tax efficiency, minimize tax liabilities, and ensure compliance with tax requirements at the local, national, and international levels.

• Cost Management: Skill in analyzing and managing costs associated with production, operations, and services to improve profitability, enhance efficiency, and identify opportunities for cost reduction.

• Treasury Management: Knowledge of cash flow management, liquidity management, and working capital optimization to ensure the organization’s financial stability and support day-to-day operations.

• Financial Systems and Technology: Proficiency in utilizing financial software and technology to streamline processes, automate repetitive tasks, improve data accuracy, and enhance financial reporting capabilities

Relationships and working contacts

• Internal – All staff across the business

• External – Clients, service providers, consultants

Work Environment

• This is an office-based role.

Interested applicants are to submit their applications for consideration using this email: [email protected] with the subject clearly indicating the position applied for, on or before 1st Nov 2024.

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