Finance Manager at Nzoia Water Services Company Limited

 Job Description

NZOWASCO/MD/9/2020/1

Key responsibilities and accountabilities

Reporting to the Managing Director, the finance manager shall undertake the following duties:-

• Prepare and submit monthly, ,quarterly and annual reports for the department, making necessary recommendations
• Prepare the company budget/cash flow management review to ensure sustainability and give strategic advice to management for proper decision making.
• Develop departmental budget and work plan
• Prepare Board Management papers for approval
• Preparing of financial accounts and final financial statements ensuring they give a true and fair picture of the company
• Prepare and review departmental policies and accounting manuals in line with international financial standards and government regulations.
• Ensure timely statutory payments and levies;
• Conduct periodic review of actual performance against budget and explaining any variance
• Participate in strategic planning and implementation
• Verifying, process claims and follow up for the VAT refunds
• Develop measure of controlling issuance of credit notes and enforce resolutions;
• Preparing of cash flow projections and management of cash flow;
• Ensuring quarterly stock taking, periodically cash count;
• Maintaining and management of all financial records;
• Enforcing adherence to generally accepted accounting standards and principles (IAS and IFRS);
• Implementing of Finance and Accounting Manuals;
• Liaising with both internal and external auditors as appropriate to ensure timely auditing is carried out on the organization;
• Responsible for physical assets assigned by the company
• Deal with banks and financial institutions
• Oversee performance management in the finance department
• Identify training needs for the departmental staff
• Ensuring that the finance system is functional

Minimum Qualification and Experience

• Bachelor’s degree in Finance, Commerce, Economics, Strategic Management (Accounting Option) with CPA-K/ACCA or equivalent.
• Member of a professional body in a good standing
• 7 years’ experience with Minimum of 3years in managerial or supervisory level
• Management course lasting more than three weeks