Finance Manager

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:
 

Finance Manager

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.

 

Principal Accountabilities:

1. 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.

2. 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.

3. 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

4. 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.

5. 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:

• 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

How to Apply

Interested candidates are requested to forward their updated CVs to recruit@virtualhr.co.ke with the subject Finance Manager by 26th October 2017, stating their current and expected remuneration, daytime telephone contacts and addresses of three referees. 

Only shortlisted candidates will be contacted.