Job Title: Finance Manager
Department:Finance
Reports to: Group Finance Director
Direct Reports:Management and cost accountant, Credit Controller and Accountants
Job Purpose
To ensure that financial resources are managed professionally, safeguarded from possible loss and utilised optimally.
Indicators of good performance of the job
Department:Finance
Reports to: Group Finance Director
Direct Reports:Management and cost accountant, Credit Controller and Accountants
Job Purpose
To ensure that financial resources are managed professionally, safeguarded from possible loss and utilised optimally.
Indicators of good performance of the job
- Timely and accurate generation of key reports for the Group Finance Director in compliance with the reporting calendar.
- Business has sufficient cash to meet its obligations, at all times and excess cash invested profitably.
- Bank relations managed efficaciously.
- Accurate and up-to-date accounting records that comply with set accounting standards as prescribed by management,
- Realistic budgets compiled and budget variance monitored to ensure that (unapproved) variance is maintained under approved levels.
- Cost reduction targets met and/or exceeded
- Financial systems work efficiently and support information management, communication and reporting.
Key Duties
- Continually reviewing and upgrading accounting systems and procedures in line with the company's operating systems, internal control requirements and shareholder instructions.
- Put the necessary financial plans in place, including budgets and implementing appropriate budgetary controls.
- Support the General Manager in each company with their strategic planning and business review process.
- Prepare cash flow forecasts, monitor working capital and manage cash balances by initiating/executing appropriate actions including the investment of excess cash and inter-account transfers.
- Manage foreign accounts and ensure that foreign currency holding levels are maintained at an optimal standard that enables the company to meet spending commitments.
- Generate treasury reports and bring up issues that need action.
- Ensure the timely and accurate preparation of financial and management reports
- Ensure that the company complies with the country's laws relating to corporate and other taxes, including accurate computation, declaration and payment.
- Set and evaluate performance standards for departmental staff.
- Maintain relationships with the company's banks, suppliers and other service providers so as to ensure that the company receives timely, quality and cost efficient services at all times.
Knowledge/Skills/Experience
- Degree in accounting or financial management.
- CPA (K)
- 8 years experience
- Knowledge of tax laws and regulations
Competencies
- Financial planning and management
- Financial accounting
- Development of policies and procedures
- Budgeting and budgetary control
- Decision making skills
- Problem solving skills
- Work organisation and co-ordination skills
- Staff management, development and discipline skills
Email: careers@monarch.co.ke
