JOB OVERVIEW:

The Finance manager oversees the organization’s entire finance function, ensuring the accuracy, integrity, and compliance of all financial reporting and accounting operations. This role includes managing a team of accountants, preparing annual financial statements, and maintaining compliance with accounting standards and regulations. The Finance Manager serves as a key liaison between the accounting department and other organizational functions. The finance manager is also responsible for all tax matters. The incumbent is responsible overseeing tax compliance, planning, and strategy to minimize tax liabilities for the Client.

KEY DELIVERABLES

• Oversee daily accounting operations, including accounts payable, accounts receivable, payroll, fixed assets, and other general ledger activities
• Prepare the annual financial statements for the Client
• Manage external audits and liaise with auditors, tax authorities, and regulatory bodies
• Optimize accounting processes, workflows, and systems to enhance efficiency and accuracy
• Engage and manage relationships with banks, suppliers, and customers
• Manage the insurance portfolio, ensure timely purchase and renewal of insurances
• Review and update the Accounting Manual
• Lead, mentor, and develop the accounting team, fostering a culture of excellence and accountability
• Single Point of Contact (SPOC) for tax matters and relationship with the Kenya Revenue Authority.
• Facilitate and manage the preparation and review of company tax returns and their accurate and timely filing.
• Maintain effective control procedures over all aspects of the tax process.
• Monitor legislative and regulatory tax law developments, communicate the effects of these developments.
• Review quarterly/yearly tax projections like transfer pricing, VAT etc.
• Monitor arm’s length pricing between legal entities.
• Identification of tax opportunities and management of tax aspects of projects:
  
  • Find and implement opportunities for process improvement in company tax procedures.
  • Developing and implementing tax strategies, managing tax audits, and ensuring compliance with all international tax laws.
• Process Development
  
  • Creation and implementation of financial planning and budgeting processes.
• Analysis of financial data
  
  • The role holder analyses reports that the accounting system generates and other data to identify trends, issues, risks and opportunities for improvement. They use this data to evaluate the company’s financial performance
• Budgeting
  
  • The role holder is responsible for the preparation of annual budgets and forecasts in collaboration with business leadership and analyses the various outlooks. They also manage budgets and forecast future needs.
• Compliance.
  
  • The role holder manages all policies and implements controls to ensure adherence to government regulations concerning financial reporting and disclosures.
• Appraisal of the quantity accounting in terms of stock losses and stock valuation
  
  • Review and Appraisal of stock loss results and identification of opportunities for the improvement of stock losses
  • Provide guidance on cost management and review of costs with departmental heads monthly.
  • Optimization of inventory levels. The role holder optimizes inventory levels to ensure the company does not over stock or stock out.
• Monitoring and review.
  
  • The role-holder monitors actual financial performance versus budget, monitors monthly KPIs and proposes means of improvement
  • Month-end closing and reporting. The role-holder is responsible for the delivery of the monthly management reporting, including explanatory notes
  • Team management. The role holder conducts regular performance evaluations regarding the reporting and control team

REQUIRED SKILLS, TRAINING & EXPERIENCE

1. 1. 1. A minimum of second-class upper bachelor’s degree in accounting.
      2. A full Professional qualification (ACCA, CPA)
      3. Top 4 audit firm experience is an added advantage.
      4. D365 Knowledge is an added advantage.
      5. At least five years of related work experience.
      6. Sound knowledge of IFRS
      7. Good understanding of internal controls.
      8. Strong mental & physical stamina
      9. Highly motivated, results driven, responsible and accountable.
      10. Self-sufficient, capable of independent decision making.