Job vacancy Finance Manager – Nairobi, Kenya

Summit Recruitment and Search Africa is a leading Recruitment and Executive Search agency head quartered in Kenya providing outstanding talent to a wide range of companies and NGOs in various business sectors across Africa.

Our client, an African focused fintech provider offering end-to-end payment solutions is seeking to recruit a Finance Manager to be based in their Nairobi office. The primary role of the Finance Manager is to create value by establishing and maintaining prudent financial practices that ensure sustainable profitability of the business. The successful candidate will be responsible for formulating and executing a finance strategy to grow the business profitably through effective leadership of the Finance functions across East Africa. The ideal candidates Must have 7 years working experience in a Finance managerial capacity.

Key Responsibilities:

• Provide financial advice by understanding business operational issues, applying financial principles & practices as well as developing recommendations to management.
• Formulating strategic and long-term business plans.
• Regularly have measures in place to ensure that the finance function is in line with the company vision, mission & corporate strategy.

• Drive measurable cost management initiatives throughout to ensure prudent use of financial resources & increased profitability.
• Maintain a current, realistic & profitable pricing structure for all programs that is aligned to the company strategy.
• Keep abreast with updated financial regulations & accepted practices.
• Maintain a safe, healthy & profitable investment portfolio for the company with regular updates to management on the investment’s environment.
• Prompt and accurate posting of source documents on the accounting system.
• Preparation & regular update of books of accounts on the accounting module.
• Preparing monthly tax & statutory payments returns, i.e., PAYE, VAT, Withholding taxes.
• Preparation of weekly & monthly suppliers’ payments through an organized schedule approved by a Director.
• Monthly payroll processing & payment of staff salaries as well as prompt payment of any payroll deductions.
• Perform weekly bank reconciliations & ensure timely review by the Director.
• Prepare & share with the Director weekly reports of accounts receivables, payables, bank, sales & investments status.
• Observe variance reports, trends & provide recommendations for correction of material variances.
• Develop fortnightly cash flow forecasts to assist management in planning for future receipts & expenditures.

Qualifications:

• Bachelor’s degree in a finance/business related field.

• Must have CPA or ACCA qualification.
• Must have at least 7 years working experience in a finance managerial capacity.
• Experience working with systems in a busy environment
• Presentation skills and comfort in engaging with senior leaders.
• Mitigation of financial risk by ensuring 100% statutory compliance.
• Understanding our business intimately to drive financial excellence.
• Proactive contribution to revenue generation and profitability through insightful recommendations arising from financial analysis.

Monthly Gross Salary: 300,000 - 350,000 KES (Approx. 2200USD) (KES)

15 May, 2024 (12 days left)