Finance Manager at Beachfront Vipingo

Job Purpose

• To provide strategic leadership and oversight of the company's financial management by planning, directing, and controlling all financial operations, ensuring effective financial stewardship, statutory compliance, robust internal controls, and the long-term financial sustainability and profitability of Beachfront Vipingo.

Duties

• Develop, implement, and monitor the company's annual budgets, forecasts, and financial plans to support strategic and operational objectives.
• Prepare accurate and timely financial statements, management accounts, and other financial reports for Management and the Board of Directors.
• Manage the company's cash flow, working capital, banking relationships, and liquidity to ensure financial stability and operational efficiency.
• Oversee payroll processing and ensure the accurate and timely payment of salaries, statutory deductions, and employee benefits.
• Monitor and control operational costs by implementing effective budgeting, expenditure controls, and cost optimization initiatives.
• Oversee procurement-related financial processes to ensure compliance with approved budgets, company policies, and value-for-money principles.
• Manage the company's assets by maintaining accurate asset registers, overseeing asset valuation, and safeguarding organizational resources.
• Establish, implement, and monitor effective internal financial controls, accounting systems, and risk management measures to safeguard company assets.
• Ensure compliance with all statutory financial obligations, including taxation, financial reporting standards, and other regulatory requirements.
• Coordinate internal and external audits by facilitating audit processes, addressing audit findings, and implementing corrective actions where necessary.
• Perform any other duties as may be assigned by the General Manager from time to time.

KPIs

• Budget Variance maintained within approved limits.
• Positive cash flow and effective working capital management.
• Cost control achieved within approved expenditure thresholds.
• Compliance with internal and external audit requirements with minimal or no audit findings.
• Timely collection of receivables and maintenance of acceptable Accounts Receivable Days.
• Accuracy and integrity of inventory records and asset registers.

Education, Skills and Experience

Must have:

• Bachelor's Degree in Finance, Accounting, Commerce, Business Administration (Finance/Accounting Option), or a related field from a recognized institution.
• Certified Public Accountant of Kenya (CPA(K). ACCA or relevant professional qulaification
• Minimum of Seven (7) years' relevant experience in financial management in the hospitality industry.
• Strong financial management, budgeting, financial reporting, taxation, cash flow management, analytical, leadership, communication, problem-solving, and decision-making skills, with proficiency in accounting software, ERP systems, and Microsoft Office applications, particularly Microsoft Excel.
• Membership in a relevant professional body.