Finance Manager at Kenya National Trading Corporation (KNTC)

Job Purpose

• Provides leadership, strategic management and day to day management of finance and treasury services.

Duties and Responsibilities

• Coordinating and consolidating the departmental/divisional budgets and expenditure plans and prepare draft reports for management consideration;
• Coordinating timely preparation of the annual Work Plans, budget estimates and Medium Term Financial framework of the Corporation;
• Guiding departmental, divisional and sectional heads in the management of their budgets through regular provision of reliable up to date financial information;
• Interpreting financial policies for sound financial practices and effective implementation of internal controls;
• Reviewing expenditure returns from departments, prepare variance analysis and recommend corrective action;
• Preparing consolidated budget for the Corporation, participate in the Pre-MTEF sector meetings as well as defend the Corporation’s budget during the Sector Working Group (SWG);
• Preparing the division’s budget estimates and consolidate the Corporation’s annual budget and Medium Term Financial framework for presentation to the General Manager Finance & Business Development;
• Developing, Implementing and monitoingr ERP Finance Module and ensure that all financial transactions are carried out within the Enterprise Resource Planning for effective and efficient service delivery;
• Undertaking necessary adjustments in the budget as approved by management from time to time;
• Collating financial and other supporting information to be reported to committees or Senior Managers;
• Analyzing financial information to assist Corporation’s profitability and growth;
• Providing technical support to technical departments during the budget making and external process;
• Analyzing the prioritization of activities, projects and programs within the Corporation for purposes of resource allocation in the budget and prepare draft reports for approval;
• Consolidating the finance & Treasury division work plans and budgets;
• Verifying and ensuring that all ledger transactions are correctly posted;
• Authorizing payment and journal vouchers to ensure proper usage of resources and avoid wastage;
• Approving monthly bank reconciliations to ensure stewardship of financial resources;
• Approving all documents within the Corporation which have a financial implication as per the set limits to ensure financial control and prudent utilization of financial resources
• Maintaining the Corporation’s records and data on budgets, financial reports, assets and costs, and ensure the same are secure and properly maintained;

Recognized Qualifications

• A minimum of ten (10) years relevant work experience four (4) of which should have been in a management role in a public or private institution;
• A Bachelor's degree in any of the following disciplines: Commerce (Accounting/Finance Option), Business Management (Accounting/Finance Option), Economics, or equivalent qualification from a recognized Institution.
• A Master’s degree in any of the following disciplines: Business Administration, Finance, Commerce, or equivalent qualifications from a recognized university;
• Certified Public Accountant CPA (K) certification or its equivalent;
• Be a Member of the Institute of Certified Public Accountants of Kenya (ICPAK) or any other recognized professional body in good standing;
• Have a certificate in Management course lasting not less than four (4) weeks from a recognized institution;
• Have proficiency in computer application skills:
• Demonstrated professional competence and administrative capability as reflected in work
• performance and results; and
• Fulfilled the requirements of Chapter Six (6) of the Constitution