Job Description
FINANCE MANAGER -003/2022
a) Job purpose
The Finance Manager is responsible for the Finance function of the
company to Perform financial analysis and reporting as needed and as
per the laid down procedures and in accordance to the Public Finance
Management Act, 2012.
b) Reporting relationship
This position reports to the Managing Director.
c) Supervisees
The position supervises the Finance department/function staff
d) Duties and Responsibilities
The duties and responsibilities of this position are:-
i. Monitor the day-to-day financial operations within the company, such
as payroll, invoicing, and other transactions
ii. Track the company’s financial status and performance to identify
areas for potential improvement
iii. Seek out methods for minimizing financial risk to the company
iv. Provide insightful information and expectations to senior executives to
aid in long-term and short-term decision making
v. Present financial reports to board members, stakeholders, executives,
and clients in formal meetings
vi. Stay up to date with technological advances and accounting software
to be used for financial purposes
vii. Establish and maintain financial policies and procedures for the
company
viii. Advise colleagues and executive management on decisions related to
the company’s finances.
ix. Supervise the documentation of the company’s financial status and
forecasts.
x. Mediate between the organization, employees, stakeholders,
shareholders and investors on financial issues for amicable resolution of
differences.
xi. Create strategic business plans based on the analysis of the company’s
status and financial forecasts.
xii. Develop department budget and work plan
xiii. Prepare and submit monthly, quarterly and annual financial reports for
the department and Company
xiv. Prepare Board management papers for approval
xv. Identify procurement needs of the department
xvi. Prepare and review departmental policies and accounting manuals in
line with international financial standards and government regulations.
xvii. Budget preparation/cash flow management review to ensure
sustainability and giving strategic advice to board/CMT
xviii. Manage reporting of financial statements/performance to board/CMT
xix. Participate in strategic planning and implementation.
xx. Establish and ensure application of sound financial policies (e.g.
financial manual for the company), systems and procedures for
the company in compliance with statutory regulations.
xxi. Conduct periodic review of actual performance against budget
and explaining any variances if any
xxii. Control expenditure for decision making.
xxiii. Ensure the performance of the Finance department is effective
and efficient
xxiv. Deal with banks/ financial institutions.
xxv. Responsible for physical assets assigned by the company
xxvi. Makes strategic, operational and financial decisions for the department
xxvii. Prepare a report for each quarter of the financial year, and at the end
of each financial year, prepare a financial statement in respect of the
Company in a format prescribed by the Accounting Standards Board.
xxviii. Not later than three months after the end of each financial year,
prepare annual financial statements for that financial year and submit
them to the County Treasury for consolidation and submission to the
Auditor-General for audit and other relevant offices.
xxix. Identify training needs for the departmental staff and recommend
appropriate development opportunities to address the needs
xxx. Participate in the recruitment of staff within the department, Mentor
and coach departmental staff, Plans the work of subordinates, and
assigns work to subordinates and Monitors subordinates work
performance.
xxxi. Appraises/evaluates subordinates
performance
xxxii. Work closely with the CMT in all areas
xxxiii. Performing related work as may be required.
e) Requirements for Appointment
Bachelor's degree in Finance, Accounting, or any other Business Related Field
CPA (K), ACCA or relevant professional qualification.
Member of a relevant professional body and in good standing
7 years' experience with a minimum of 3 years in a managerial or
supervisory position
Experience in financial reporting is an asset
Interpersonal communication skills is
Demonstrable experience in the development of donor funding
proposals
Ability to work beyond the call of duty
In-depth knowledge of financial reporting standards , tax regulations
and industry legislation
Excellent ability to problem solve along solid analytical skills,
understanding of business process, and systems optimization
Must be computer literate.