Chief Finance Officer
Qualifications
• Master's degree in business administration, Accounting, or Finance required.
• Certified Public Accountant designation preferred.
• Eight to ten years of experience in financial management required.
• Required Skills/Abilities:
• Excellent management and supervisory skills.
• Excellent analytical and organizational skills.
• Proficient in database and accounting computer application systems.
• Excellent written and verbal communication skills.
Responsibilities
FINANCIAL ACCOUNTING AND REPORTING
• Efficient management of SLA with Group Financial Accounting and Treasury
• Budgeting, forecasts e.t.c. to be challenged, produced and approved within dates
• Financial and statutory reports produced within set deadlines and in line with International Financial Reporting Standards (IFRS)
PERFORMANCE MANAGEMENT
• Assist EA CEO with optimization of Operations to ensure that they can be used as a template for expansion,
• Identify KPI's to manage inefficiencies and follow up with resolutions.
MANAGEMENT OF CAPITAL EXPENDITURE AND PROJECTS
• Appropriate CAPEX proposals authorised by Board/EA CEO/Group, • Finance project CAPEX expenditures and costs monitored.
• Working capital optimized
Close relationships with major local and international suppliers
• Challenge Purchase Order requests and payment terms
• Creditor days in line with prior year or improving,
• Stock obsolescence identified in a timely manner and recoverability maximized.
BANKING RELATIONS
• Ensure healthy relationship with financial institutions and. scout for relationships,
Comply with all banking covenants,
• Manage payments within approval rights,
• Identify, Engage and Retain financial institutions for Fundraising,
• EA lead for regional banks headquartered in Kenya
RISK MANAGEMENT AND CORPORATE GOVERNANCE
• Maximum cash collection
• Minimum levels of undetected theft and fraud.
• All possible risks are controlled for by contingency plans.
• All the assets are adequately tracked and appropriately insured.
Claims are settled timeously and in full,
• Compliance with local country legislation and regulatory requirements
• Compliance with governance standards
AUDITING
• Timeous submission of annual audited year end packs
• Member of board audit committee
• Clean audit reports and favourable internal audit reports
• Internal and External Audits carried out effectively at the least possible audit cost.
• Minimal audit hours.
MANAGE TAX REGULATORY AFFAIRS
• Returns submitted on time as regulated and with the minimum tax payable
• Actively manage recovery of unrefunded VAT.
• Manage Transfer Pricing Policy
• Local lead on Carbon Credits certification and regulatory discussions.
PERSONNEL MANAGEMENT
• Efficient management of local Finance Team ensuring skill and resource gaps are efficiently managed,
• Healthy relationship with other Heads of Department