Head Of Finance & Strategy
Location | Nairobi, Kenya |
Date Posted | June 24, 2021 |
Category |
Accounting
|
Job Type |
Full-time
|
Currency | KES |
Description
• Head Of Finance & Strategy
Job Description
The Head Finance & Strategy reports to the Managing Director and is responsible for overseeing financial accounts, internal controls and bank reconciliations.
Finance Operations
o Effective management of suppliers payments, timely and accurate statutory payments, utility bills and all supplier payments
o Oversight on Petty cash & imprest administration ensuring branches are adequately replenished at all times.
o Management of staff advances and settlements.
o Liaising with Procurement & Admin Manager ensuring that Creditors and suppliers are managed satisfactorily.
o Liaising with internal and External Auditors in carrying out periodical and Year end Audits respectively.
Internal Controls & Bank Reconciliations
o 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.
o Ensuring that all bank reconciliations are carried out on a timely basis, investigations done on outstanding items and cleared.
o Ensure good bank relationship management for purposes of correction and issuing of paying instructions.
o Ensuring that all fixed assets are adequately recorded, reconciled and reported.
Budget Preparations and Business planning
o Involved in Business planning and budget preparation.
o Budget control and monitoring by ensuring the budget holders take charge of their costs and through variance reports.
o Support and/or undertake cost benefit analysis on all expenditures and investments.
Taxation
o To ensure that monthly Tax computations are prepared and made on time such as PAYE, reverse tax and withholding tax.
o Perform a quarterly tax health check.
Leadership
o Mentor and develop the team, managing work allocation, training, problem resolution and leave management.
Financial Reporting
o Provide timely and accurate financial reporting, and feedback to various stakeholders i.e Executive Management, Board, CBK and Group.
o Responsible for the maintenance/accuracy and correctness of the company’s general ledger.
o Timely and accurate monthly branch and sector reports.
o To ensure timely and accurate integration of data from all peripheral systems and T24 into Great Plains for reporting purposes.
Revenue Assuarance
o Revenue optimistion initiatives implementation
o Revenue assurance audits.
o Daily &Monthly review of interest rates to ensure they are captured correctly.
o Ensuring compliance to revenue assurance control measures.
o Products set up and review.
Bankwide AML, KYC & CFT Responsibilities
o Communicating and reinforcing the AML-CTF compliance culture established by the board
o Implementing and enforcing the board-approved AML, KYC & CFT policy within the Department, Unit or Branch
Skills
Education
Bachelor of Commerce (BCom): Finance (Required)
Work Hours: 8
Experience in Months:
Level of Education: Bachelor Degree