General Manager, Finance & Strategy at Eldoret Water and Sanitation Company Limited (ELDOWAS)

Job Description

Eldoret Water and Sanitation Company Limited (ELDOWAS) is a corporate entity established under Cap of the laws of Kenya. The County Government of Uasin Gishu is principal shareholder. ELDOWAS was the first water service provider in Kenya to attain certification in international Quality Management Standards ISO :.

JOB REF:   ELDOWAS//GM, FS/03 – 1 post

Reporting to: Managing Director .

Terms of Engagement: Three Years Contract Renewable once based on performance

Job summary:

To plan, direct and co-ordinate the ELDOWAS finances and ensure financial planning, management of financial risks, record keeping, and financial reporting; undertaking strategic and tactical matters relating to budget management, cost benefit analysis, forecasting needs and securing new or additional funding; and advise management and board of directors on financial implication of new and existing ventures

Key Tasks

Managerial Roles  & Responsibilities

Develop the corporate and departmental work plans and budgets for management and Board approval; Oversee the execution of corporate and divisional/departmental work plan and budgets; Oversee performance management of staff in the division/department; Participate in the development of Financial and Strategic Policies for the organization; Identify training needs for the departmental staff; Mentor and coach staff within the department; Supervise staff in the department; Identify procurement needs of the department; Prepare and submit all monthly, quarterly and annual reports.

Operational Roles & Responsibilities

Develop Financial plan and ensure availability of cash for various company’s activities; Prepare budgets and controlling expenditure; Provide strategic policy direction for effective service delivery within the department; Develop policies and strategies to help management achieve corporate goals and objectives as per business plans; Oversee the development of parameters for measuring implementation of organizational plans and strategies; Compile the quarterly and annual performance reports for submission to the management and the Board; Design and implement effective systems of monitoring performance against budget; Maintain effective budgetary controls, cost accounting and internal control systems and procedures; Advise management and board of directors on financial implication of new and existing ventures; Ensure optimal utilization of organization resources; Participate in top management meetings (corporate management team); Develop a long-term strategy for the timely generation of financial resources; Formulate and maintain up to date register of company’s assets and liabilities; Produce divisional and corporate forecasts for income and expenditure on monthly, quarterly and annual basis; Preparing year-end income and expenditure forecasts; Prepare monthly, quarterly, and annual financial and non-financial reports for stakeholders’ consumption and ensuring its integrity; Prepare annual and long-term capital and revenue budget for consideration by the board and management for decision making; Periodically assess the accounting best practices and advise the Company appropriately; Participate in Procurement Tender Committee; Ensure quality accounting and maintenance of records meet the required International Financial Standards and implement recommendations from the internal Financial Management, Management and external Audits reports; Oversee the development and implementation of sound financial management systems; Participate in monitoring and evaluation of Company operations; Assess business risk and create financial awareness on resource allocation, cost reduction and financial discipline

Key Result Areas:

The jobholder’s accountability areas are as follows:

Effective operational cost control of the department’s financial resources; Successful implementation of quality control standards for services offered by the department; Effective supervision of employees assigned to the department; Maximization of productivity in the department; Continuous process improvement of services offered by the department; Ensure customer satisfaction for the consumers of the services offered by the department.

Job Specifications (Essential required for this job position).

The jobholder must possess:

A Master’s Degree in Finance/Accounting or equivalent; Bachelor’s degree in Finance or any other related field; Must have Professional qualifications such as CPA K/ACCA, ICPAK membership and in good standing. A minimum of 12 years’ related work experience, six of which should include senior management experience in a large organization.

Essential Competencies and Personal Attributes:

Must have demonstrated ability to handle departmental budgets, resources, processes, projects and relationships; Should have good knowledge of the relevant industry/sector as well as knowledge of regulatory requirements affecting the relevant sector; Must be capable of functioning effectively both as a team player and a team leader; Must have ability to plan, organize, implement and evaluate departmental goals; Must demonstrate ability to handle multiple and conflicting priorities, and work under strict deadlines; Should have strong analytical skills and be result oriented; Must have high standards of integrity and ethical practice; Must have management and Leadership skills; Must have ability to accurately plan work assignments, prioritize tasks and deliver deadlines; Should have problem solving and decision-making abilities; Should be an effective communicator with the ability to handle both internal and external communication; Should demonstrate ability to identify and respond to risk areas within the department; Should have effective people management and conflict resolution skills; Must have knowledge in the use of MS office packages