Finance Manager at Incredo Finance – May 2024

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Finance Manager

JOB SUMMARY

The primary responsibility of the Finance Manager is to prepare and implement financial strategy, policies and procedures, and financial controls framework to ensure the achievement of institution-wise financial objectives, controls, and financial stability.

The person will ensure internal controls are effectively in place and functional. He/she will also ensure compliance with applicable rules and regulation. The incumbent will be leading Finance functions including Accounting and General Ledger Financial Management/Regulatory reporting, Forecast and Budgeting, Accounts Payable and Receivable, Annual/periodic audits facilitations, Taxation, Finance systems, Grants/Funds management, and Treasury.
This job reports to the MD and the incumbent shall function in accordance with the applicable policies and regulations.

KEY RESPONSIBILITIES

  • As a member of senior management, the Finance Manager shall assist the MD and the Board of Directors in:
    • Providing strategic direction to the institution through strategy formulation, decision-making, forecast/budgeting and its implementation/monitoring
    • Establishing and implementing internal controls and ensuring efficient and effective financial operations as per industry benchmarks.
  • Ensure that Financial and Accounting policies & procedures are in accordance with statutory regulations and global standards and comply with risk management and internal controls.
  • Take charge of Finance, Accounts and Taxation matters. Ensure that all accounting records are properly and timely maintained, reporting cycles and other associated engagements are successfully performed in an effective and timely manner in accordance with the regulatory and organizational requirements.
  • Cause to Prepare and confirm; –
    • Periodic Financial Statements and monthly internal reports.
    • Financial Accounting System including Chart of Accounts and Account Codes.
    • All payments exceeding set materiality.
    • Payroll summary.
  • Finalize annual financial statements/ periodic financial statements (where required), get them audited from External Auditors and place them before Board of Directors for consideration and approval.
  • Prepare financial projections and budgets in line with the business plan and get these approved by senior management and the Board of Directors.
  • Ensure implementation of proper accounting system for bookkeeping, and operational support/MIS as per best industry practices.
  • Ensuring maintaining effective relationship and co-ordination with key stakeholders including related entities, statutory bodies, etc.
  • Ensure independence of Board from the financial operating matters.
  • Coordinate with stakeholders for arrangement and management of funds (including Grants).
  • Assist in training & resource development initiatives focusing on knowledge, skills and attitudes for building capacities to deliver on present positions and build long-term capability to shoulder additional responsibilities.
  • Assist in implementing a performance management system to recognize and reward good performance and promote a culture of accountability and merit.
  • Creating business value through technology, ensuring the tech systems and procedures lead to outcomes in line with institution goals. Ensuring the availability of timely and reliable information in the organization through technology/digital platforms.
  • Perform any other task assigned by the MD/Board.

JOB SPECIFICATIONS

Education Academic Qualification

  •  Minimum of Bachelor’s Degree preferably in Accounting, Finance, Business or Commerce

Professional Qualifications / Membership to professional bodies.

  •  CPA (K), ACCA
  •  Good computer literacy with excellent use of MS Office – Excel, Word, PowerPoint.
  •  Experience in use of accounting software and management information skills.

Experience

  • A minimum of 5 years relevant experience, with a minimum of 2 years in a senior position.

Functional Competencies

  •  Leadership and coaching skills.
  •  Strategic management skills.
  •  Decision-making and problem-solving skills.
  •  Negotiation skills.
  •  A high degree of integrity
  •  Presentation, analytical and writing skills.
  •  Experience/exposure in the financial sector is considered a major advantage.

Core Competencies

  •  Teamwork
  •  Decision Making and Problem Solving
  •  Initiative and Change Driven
  •  Planning & Organizing
  •  Effective in Communication
  •  Track record of good management and development skills.

Submit Your Application

Interested and qualified? Go to Incredo Finance on www.incredo.co.ke to apply