Finance Manager (Management accounting)

ABOUT THE COMPANY

We are a team of dedicated professionals from Finance, Accounting, Human Resources, Career Counsellors, Mental Health Consulting and ERP sectors. Headquartered in Kenya, East Africa, with affiliates based in Africa, India, Middle East, North America, we offer an entire spectrum of consultancy services in Human Resources, Placements & Trainings, Career Counselling for Professionals & Students, Corporate & Individual Trainings, Authors & Writers Trainings, Accounting, Financial & Secretarial Services, Corporate Financial Services and ERP Implementation & Training.

JOB SUMMARY

We are urgently seeking a Finance Manager with management accounting experienceto oversee the financial health of the organization by managing financial planning, analysis, reporting, and control.The ideal candidate will be responsible for stock and cost monitoring and will supervise the Cost Accountant and Management Accountant, ensuring accurate reporting and effective financial control.Key Indicators of a Successful Candidate:Accurate Financial Reporting: Timely and precise financial statements and analysis.Budget and Cost Management: Effective budgeting, cost monitoring, and expense control.Risk Management and Compliance: Ensuring adherence to regulatory requirements and internal policies.Strategic Contribution and Stakeholder Satisfaction: Providing actionable insights that support organizational goals.Internal Controls and Financial Governance: Maintaining robust financial systems and controls.Strategic Financial Support: Supporting senior management in planning and executing strategic initiatives.Academic and Professional QualificationsBachelor’s degree in Commerce (Accounting/Finance Option), Business Management (Accounting/Finance Option), Economics, or equivalent qualification from a recognized InstitutionQualified Accountant (CPA (K), ACCA, or equivalent) are a mandatory requirementBe registered with a professional body such as CPA, ACCA.Minimum of 5-7 years of progressive experience in finance or accounting roles, with at least 2 years in a managerial position.

RESPONSIBILITIES

Financial Planning and Analysis:Lead the development and management of annual budgets and forecasts.Perform in-depth variance analysis to identify trends, risks, and opportunities.Prepare and present detailed financial reports, including profit and loss statements, balance sheets, and cash flow statements.Budgeting and Forecasting:Lead the annual budgeting process, working closely with department heads to ensure alignment with organizational goals.Prepare and update rolling forecasts based on changing business conditions and market trends.Analyze and report on budget variances, providing insights and corrective action plans.Cash Flow Management:Monitor and manage cash flow to ensure adequate liquidity for operational needs.Develop and implement cash flow forecasting models and strategies.Optimize working capital management, including accounts receivable, accounts payable, and inventory management.Cost Management:Analyze and control costs, identifying areas for efficiency improvements and cost reduction.Implement and maintain cost accounting systems and procedures.Conduct regular financial evaluations of operational and capital expenditure projects.Strategic Financial Support:Partner with senior management to support strategic planning and decision-making.Provide financial insights and recommendations to drive business performance.Develop and maintain financial models to support long-term strategic initiatives.Financial Reporting:Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements.Maintain compliance with regulatory and corporate reporting requirements.Coordinate with external auditors during annual audits and prepare necessary documentation.Risk Management, Internal Controls and Compliance:Establish and maintain effective internal controls to ensure accuracy and integrity of financial data.Implement best practices for financial processes and systems.Identify and assess financial risks and develop mitigation strategies.Implement internal controls to safeguard company assets.Team Leadership and Development: Lead, mentor, and develop the finance team, fostering a culture of continuous improvement and professional growth.

REQUIRED SKILLS

Cost tracking, analysis, Reporting, Financial analytics and forecasting, Financial analysis, Project Financial Management, Budgeting, financial planning, Efficiency, Operative management, Risk management, Stock and inventory management

REQUIRED EDUCATION

Bachelor's degree