Summary
Date Posted: Thursday, November 04, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
Chief Finance Officer
Application Deadline 2021-11-19 23:59:59

Description
Job Title Chief Finance Officer
Department Finance and Treasury
Grade 2
Position Reports to Chief Executive Officer
Position Supervises Finance Manager
Treasury and Investment Manager

Purpose of the Job
This position is responsible for effective management of the Company’s financial resources and providing appropriate financial and investment advice. The position holder oversees capital raising, investment, budgeting, financial analysis and asset management as well as implementing financial policies and procedures.

1.Managerial Roles and Responsibilities

• Participates in the formulation of the strategic and policy direction for the Company to ensure efficient service delivery.
• Participate in the development of financial policies and procedures for the Company and ensure they are aligned to relevant laws.
• Lead in resource mobilization by setting financial targets and create and execute strategies for effective capital raising through the capital markets and other sources.
• Direct all finance functions including those necessary for auditing, budgeting, financial analysis, capital asset and property management in accordance with generally accepted accounting principles, financial policies and procedures, and all other applicable rules and guidelines.
• Offer advisory services to the CEO and the Board of Directors on the strategic direction in all matters relating to finance, Accounting and procurement to ensure prudent use of resources.
• Monitoring, analysing, and interpreting KMRC’s financial performance, evaluating reports and making recommendations to CEO on proposed policy changes.
• Prudent management of financial and physical assets of the Company; preparing monthly/quarterly financial projections, statements and budgets; and exercising expenditure controls to ensure financial sustainability of the Company.
• Supervising accounting activities; updating management reports; monitoring and evaluating implementation of the statutory mandates.
• Working in close consultation with the CEO on all financial management issues.
• Provide comprehensive financial and decision support to the Company through a wide variety of financially focused work to directly increase profitability and contribute effectively to business decisions.
• Ensure compliance with statutory, legal and regulatory requirements and counterpart agreements regarding all financial matters.
• Oversee all the investment related functions of the Company through:-
• Effective formulation and implementation of investment strategies to meet agreed investment objectives.
• Acquisition, Development and Promotion of investment information across the Company.
• Keep abreast with the Kenyan economic developments to get ideas on investment.
• Develop and create awareness of the tax environment within which specific investments and investors operate; and
• Construct risk profiles for proposed client portfolio changes and prepare investment portfolio data for client reporting.

2. Operational Roles and Responsibilities

• Review, restructure (as appropriate) and report on individual and corporate portfolios.
• Monitor and oversee investment operations and administration activities to ensure smooth running of the operations.
• Network to maintain relationships with investors, donors and other key investment stakeholders and foster strategic relationships.
• Lead in identifying, developing, and implementing effective internal control mechanisms and drive consistent improvements in financial processes and routines.
• Identify areas that need improvement, develop and implement continued improvement of accounting systems and procedures that will enhance the quality, timeliness and availability of financial information.
• Facilitate both external and internal audits of the Company; and
• Perform any other duties as may be assigned from time to time.

Key Result Areas:

The job holder’s accountability areas are outlined as follows;
• Raising funds in the most cost-effective and sustainable way.
• Managing the Company’s financial obligations sustainably.
• Effective operational cost control of the Company’s financial resources.
• Effective implementation of the Company’s investment policies.
• Effective supervision of employees assigned to the department.
• Maximization of productivity in the unit.
• Continuous process improvement of services offered by the Company.
• Ensure customer satisfaction for the consumers of the services offered by the Company.

*Required Master Master’s Degree in Finance, Economics, or in Commerce (Accounting or Business Administration with Finance Option) or any other Business-related field from a recognized university.
* Required Degree Bachelor’s Degree in Economics or Commerce (Accounting/Finance or Business Administration) or any other Business-related Degree from a recognized university.
Required Skills Knowledge and Skills Required:

The job holder must possess;
• Master’s Degree in Finance, Economics, or in Commerce (Accounting or Business Administration with Finance Option) or any other Business-related field from a recognized university.
• Bachelor’s Degree in Economics or Commerce (Accounting/Finance or Business Administration) or any other Business-related Degree from a recognized university.
• Must have a minimum of twelve (12) years’ experience, of which at least five (5) should be in a senior management role.
• Must be a Certified Public Accountant (CPAK), ACCA, CIFA, CFA and a member of ICPAK, ICIFA or equivalent.
• Must have a strong finance and Investment background especially in capital markets.
• Must have impeccable planning and budgeting skills.
• Must have a good understanding of the Constitution, Public Finance Management Act and related legislations, Public Procurement and Disposal Act and regulations, financial reporting standards and Public Sector accounting standards.
• Must be familiar with the major Investments trends in the market.
• Must have leadership and supervisory skills.
• Must have good communication skills.
• Must possess sound interpersonal and team building skills.
• Must be able to work under pressure.
• Must have proven problem solving skills and knowledge on conflict management.
• Must have excellent negotiation skills.

Work Hours: 8

Experience in Months: 144

Level of Education: Postgraduate Degree

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