Finance Manager at Old Mutual Kenya

Job Description

Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.

Summary

To supervise the procurement & payments, contracts & contractors and financial accounting and reporting function of planning, tracking and reporting on expenditure (operational and capital) in line with company policies, guidelines and deadlines. Provide financial advice; identify and report financial risks to internal client/s and relevant executive managers.

Key Measurable Goals

Reporting: Management, statutory and regulatory reporting. Effective management of suppliers’ payments, statutory payments, utility bills and all branch and Head Office imprests. To ensure financial controls and reconciliations are done on timely basis and closing all outstanding issues. Budgetary and Business planning. Liaison with administration and procurement department in regard to suppliers and procurement issues. Liaison with Internal and External auditors. Team management and fostering a culture that drives staff engagement.

Key Responsibilities

Reporting

Ensure that the reports are prepared in a timely manner. Ensure that the reports are accurate and are of high quality. Business partnering through explaining and guiding business teams on interpreting and actioning reports.

Finance Operations

Effective management of suppliers payments, timely and accurate statutory payments, utility bills and all supplier payments Oversight on Petty cash & imprest administration ensuring branches are adequately replenished at all times. Management of staff advances and settlements. Liaising with Procurement & Admin Manager ensuring that Creditors and suppliers are managed satisfactorily. Liaising with internal and External Auditors in carrying out periodical and Year end Audits respectively.

Internal Controls & Bank Reconciliations

Ensuring that all control account reconciliations are carried out on a timely basis for all control accounts and reconciling items are dealt with on time. Ensuring that all bank reconciliations are carried out on a timely basis, investigations done on outstanding items and cleared. Ensure good bank relationship management for purposes of correction and issuing of paying instructions. Ensuring that all fixed assets are adequately recorded, reconciled and reported. Budget Preparations and Business planning Involved in Business planning and budget preparation. Budget control and monitoring by ensuring the budget holders take charge of their costs and through variance reports. Support and/or undertake cost benefit analysis on all expenditures and investments. Taxation To ensure that monthly Tax computations are prepared and made on time such as PAYE, reverse tax and withholding tax. Perform a quarterly tax health check. Leadership Mentor and develop the team, managing work allocation, training, problem resolution and leave management.

Bankwide AML, KYC & CFT

Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO) Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within my area of responsibility

Requirements

Education

Degree in Business related Studies CPA (K) /ACCA

Desirable

Masters degree in Business or Finance. Other relevant Professional Certifications.

Knowledge and Skills

Analytical skills Management and Leadership skills Financial Management Excellent Computer packages knowledge Working knowledge of Emerge T24 and D

Experience

At least 3 years Supervisory experience in Financial Accounting Experience

Personal Attributes

Demonstrate management abilities. Analytical Confident Integrity Diligent Attention to detail​.