Finance Manager at Kimisitu Investment Company Limited - KICL

JOB PURPOSE

The Finance Manager is responsible for providing strategic financial leadership and ensuring effective financial planning, budgeting, reporting, treasury management, investment analysis, statutory compliance, risk management, and internal controls. The position supports the achievement of KICL's strategic objectives by ensuring prudent management of financial resources, enhancing profitability, safeguarding company assets, and providing timely financial information for decision-making.

KEY RESPONSIBILITIES

Financial Planning, Reporting and Performance Management

• Prepare accurate monthly, quarterly, and annual financial reports and management accounts.
• Monitor company revenue, profitability, and overall financial performance against approved targets.
• Conduct financial analysis and provide recommendations to enhance profitability, efficiency, and strategic decision-making.
• Develop financial models, forecasts, budgets, and business plans to support organizational objectives.
• Prepare financial reports and presentations for Management, Board, and Board Committees.

Budgeting, Treasury and Cash Flow Management

• Coordinate annual budgeting processes and monitor budget implementation.
• Conduct budget variance analysis and recommend corrective actions.
• Manage cash flow, working capital, liquidity requirements, and banking relationships.
• Oversee receivables, payables, financing arrangements, and investment accounts.
• Advise management on funding requirements, resource allocation, and financial risks.

Investment, Project Finance and Cost Management

• Conduct investment appraisals, feasibility studies, and financial due diligence for projects, acquisitions, partnerships, and joint ventures.
• Monitor project budgets, expenditures, financial performance, and investment returns.
• Evaluate investment opportunities and provide recommendations to maximize returns.
• Identify and implement cost optimization initiatives while promoting prudent utilization of company resources.
• Monitor procurement and contract expenditures to ensure value for money.

Compliance, Risk Management and Internal Controls

• Ensure compliance with all statutory, tax, regulatory, and financial reporting requirements.
• Develop, implement, and monitor internal controls, finance policies, and risk management frameworks.
• Coordinate internal and external audits and ensure timely implementation of audit recommendations.
• Monitor compliance with approved policies, procedures, and delegated authority limits.
• Advise management on emerging regulatory requirements and financial risks.

Financial Systems and Process Improvement

• Enhance financial systems, reporting processes, and management information tools.
• Support automation and optimization of finance and accounting processes, including ERP systems.
• Develop financial dashboards and analytical tools to improve reporting efficiency and decision-making.
• Drive continuous improvement initiatives within the finance function.

Stakeholder Management and Leadership

• Maintain effective relationships with auditors, regulators, financial institutions, investors, and other stakeholders.
• Provide strategic financial advice and support to Management and the Board.
• Lead, supervise, mentor, and develop finance staff to build a high-performing team.
• Promote a culture of accountability, integrity, teamwork, and continuous professional development within the department.

ACADEMIC QUALIFICATIONS

• Bachelor's Degree in Finance, Accounting, Commerce, Economics, Business Administration, or related field.
• Master's Degree in Finance, MBA, or related field will be an added advantage.

PROFESSIONAL QUALIFICATIONS

• CPA(K), ACCA, or equivalent professional qualification.
• Registered member of ICPAK in good standing.

EXPERIENCE

• Minimum seven (7) years' relevant experience in finance and accounting.
• At least three (3) years in a management position.
• Experience in investment management, project finance, real estate development, Cooperatives, SACCOs, or financial services will be an added advantage.

KNOWLEDGE AND SKILLS

• Financial planning and budgeting.
• Investment appraisal and financial modelling.
• Treasury and cash flow management.
• Taxation and statutory compliance.
• Corporate governance and risk management.
• Financial reporting and analysis.
• ERP systems and advanced Microsoft Excel skills.
• Excellent communication and presentation skills.

CORE COMPETENCIES

• Strategic Thinking.
• Financial Stewardship.
• Leadership and Team Management.
• Business Acumen.
• Analytical and Problem-Solving Skills.
• Integrity and Accountability.
• Decision Making.
• Stakeholder Management.
• Results Orientation.
• Innovation and Continuous Improvement.