Job Description

Head of Finance Job, Finance Jobs In Kenya 2022, 

Reporting to: Directors

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

Qualifications

• 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

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