Skills

Finance Controller - Kenyan Indian Citizens are Encouraged To Apply

Job Summary

Reporting to the chief executive officer, the finance controller will manage and control the finance division of the company, to meet the company goals on net profit in a consistent and effective manner.

  • Minimum Qualification: Bachelor
  • Experience Level: Senior level
  • Experience Length: 10 years

Job Description/Requirements

Position:      FINANCE CONTROLLER -KENYAN INDIAN CITIZENS ARE ENCOURAGED TO APPLY (FOR A MANUFACTURING COMPANY)
Employer:      A MEDIUM SIZE BUSY TRADING CUM MANUFACTURING COMPANY
Ref No:      SGK-FC-11-2021
Industry:      MANUFACTURING/TRADE
Job Category:      MANAGEMENT
Town:      NAIROBI
Country:      KENYA

Requirements:     
•    CPA or ACCA, bachelor’s degree in business related field and a masters in finance or business administration would be preferred.
•    Should have worked on sap or any ERP.
•    Should have handled local and international business in a hub and spoke model.
•    Analyse and interpret financial data to recommend changes to improve systems and financial performance.
•    To comprehend budget irregularities or potential fiscal problems, and act to promptly resolve these issues.
•    Understanding of accounting policies, IFRS financial reporting systems and IAS.
•    Control of all financial statements. Computations and reference of financial ratios; profitability, turnover, liquidity and leverage ratios e.g. quick ratio, gross profit, net profit, valuations of the company’s assets.
•    Forecasting the financial needs of the business based on sales and market trends. Understand numbers and analyse them.
•    Proficient with MS office- word, excel and power point tools.
•    Updated with latest technology.
•    People management. Customer relationship management.
•    Negotiation and pr. People management.
•    Risk mitigation. Planning and execution.
•    Delegation and control.

Experience:     
•    10 years of overall experience in managing finance with last 5 years as a department head for a trading or manufacturing firm.
•    Kenyan Indian citizens are encouraged to apply

Salary:      KSHS. 400,000 - 550,000 PLUS COMPANY BENEFITS

Duties:     
Reporting to the chief executive officer, the finance controller will manage and control the finance division of the company, to meet the company goals on net profit in a consistent and effective manner.

OTHER KEY RESPONSIBILITIES INCLUDES:-
•    Prepare budgets and financial forecasting and ensure communication and implementation of the same.
•    Pro actively analyse and interpret financial data and recommend changes to improve systems and financial performance.
•    Oversees financial and accounting systems control and standards and ensures timely preparation of financial and statistical reports.
•    Advise and assist management in preparation of budgets, improvement areas and loopholes in systems and practices.
•    Ensure adequate audit trails are in place for all transactions;
•    Oversee regular reconciliation of cash and banking records.
•    Monitor, report and control actual expenditures against budget and forecast throughout the year.
•    Manage all aspects of treasury and fund management, dealing with bank/credit providers, buying and selling foreign currencies, forecast for excess liquidity or shortfall and re-invest in case of excess.
•    Ensure timely payments to all stakeholders, employees, suppliers, banks, authorities etc.
•    Co-ordinate the process of audits with the internal and external auditors and tax auditors, manage the over-due accounts and bad debts in coordination with sales team.
•    Ensures sufficient operating funds are securely held at all times while observing highest standards of risk management both to organization and individuals.
•    Financial evaluation of projects to determine financial viability.
•    Manage the receivables and payables.
•    Preparing management and financials accounts and ensure month closure is done.
•    Provide data on debtors and follow up to ensure complete debt recovery.
•    Assign credit limits and monitor the customer accounts payments.
•    Ensure timely and accurate statutory remittance and compliance.
•    Preparation and implementation of overall financial plans of the company.
•    Ensure payback of loans is done on time.
•    Study and analyse the business intelligence reports and submit the management accounts with variance analysis.
•    Scrutiny and approval for opening new customer accounts in the system.
•    Daily factory walks to interact with the staff and check on the resources.
•    Approve the bank reconciliations.
•    Review all audits, vouchers, cheques and tax returns submitted for signature and approval.
•    Analyse and report to bod with suggestions on improvement of various reports quarterly financial statements, budget vs actual variances and cash flow.
•    Observe customer performance, oversee and manage the long overdue debtors.
•    Assess risks and mitigate the same by arranging appropriate insurance covers.
•    Monitor the payments done to the suppliers to ensure they are done on time.
•    Meetings with suppliers, banks, prospective suppliers and other stakeholders related to finance and procurement.
•    Manage, evaluate and provide professional guidance to the teams.
•    Should understand company laws, taxation rules of Kenya, all statutory requirements- NSSF, NHIF, VAT, WHT, PAYE, training levy.
•    Import laws and procedures for Kenya and other east African countries.
•    Costing of finished goods/imports. Preparation of budgets and forecasts. Understanding of statutory compliance and taxation in eastern African countries would be an added advantage.

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