Head of Finance Job in Nairobi, Kenya 2022
- Published date: February 28, 2022
- Category: Accounting, Auditing & Finance
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- Location: Nairobi, Nairobi
- Jop type:
- Salary: Ksh Not mentioned
- Company name: Jobs in Kenya
Job Description
Job Vacancy: Head of Finance
Reporting to: Directors
Job Location: Nairobi
Description: The main role of the Head of Finance is to be responsible for financial planning and record-keeping, as well as financial reporting to higher management.
- Financial management and accounting
- Inventory Management and costing
- Budgeting
- Compliance
- Reporting
- Risk Assessment
Responsibilities
Financial Management and accounting
- Monitor all Tally postings by the stake holders i.e. the procurement team, and the accounts team and give a weekly report on log of problems.
- Supervise daily bank, M-pesa and petty cash postings and manage their reconciliations.
- Check the payment Vouchers and Invoices before presentation for approval
- Provide monthly creditor reports and reconciliations.
- Ensure all debtor statements are up to date and dispatched to customers in a timely manner and follow up on and maintain expected payment dates.
- Ascertain that payment vouchers, invoices and bank/cash receipts are properly filed for referencing and oversee the archiving process for Audited Financial years.
- Support preparation of financial reports, annual audits and tax audits
- Coordinate the preparation of external audit materials and external financial reporting.
Inventory Management and costing
- Support the reconciliation of inventory against system and physical count.
- Support in the set-up of controls within the inventory department.
- Collecting and maintaining financial data/ records.
- Analyzing and determining the cash flow.
- Outline cost variables.
- Prepare month-end and financial year closing.
- Investigate current market trends and frame financial policies.
- Ensure timely collection of payments and track payment reminders.
- Check invoices and reports for accuracy.
- Review and manage the company’s inventory cash flow.
- Tally financial statements.
- Calculate taxes payable.
- Suggest cost-cutting strategies to increase profitability.
- Maintain confidentiality about financial data.
Budget and Management Reporting
- Monitoring Monthly Revenues and Expenses against Targets/ Budgets and the Annual Operating Plan,
- Assist in preparation of management reports and actual against the budget as required.
- Prepare Monthly Expense Schedules of Budgets against actuals.
Compliance
- Ensuring that the VAT is filled promptly.
- Ensure that the Inconsistencies from VAT are amended before the time frame given by KRA.
- Ascertain that the Budget limits on expenditures are not exceeded, and raise a red flag to the Directors.
External Audit function
- Assist in External audit activities within the organization.
- Oversee the implementation of accounting controls in the organization as recommended in consultation with the Senior management.
Key Relationships
Internal
- Board of Directors
- Managing Director
- Other team members
External
- Relevant service/ product suppliers
- Banks
- Government agencies
Experience
- Bachelor’s degree in Accounting/ Business/ Finance or equivalent is mandatory.
- Candidates must possess CIMA/ CPA(K)/ACCA qualification or equivalent.
- Advanced working knowledge of an accounting system.
- + 5 years relevant experience
- Prior Financial Accounting and/or internal control framework experience is a plus
- Knowledge of General Accounting Principles
- Knowledge of Internal Financial Reporting Standards
- Budgetary skills
- Analytical skills.
- Methodical and numeracy skills.
- Planning and organizing skills.
How to Apply
If you meet the requirements, kindly send your CV to vacancies@jantakenya.com with “Head of Finance” in the subject line by 4th of March 2022
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