Finance Officer at Technical University of Mombasa Enterprise Limited

Key Responsibilities

• Leading and coordinating the operations of the Finance Department;
• Preparation of monthly, quarterly reports and financial statements in accordance with applicable accounting standards and regulatory requirements for submission on or before the statutory deadline;
• Develop, implement, and ensure compliance with internal financial and accounting policies and procedures;
• Preparing and coordinating the Company's annual budgets, financial forecasts and cash-flow projections;
• Monitoring the Company's financial performance, revenue, expenditure, cash flows and working capital;
• Ensuring timely preparation of statutory and tax returns and compliance with applicable laws and regulatory requirements;
• Ensuring all payments are correctly authorized, recorded, and paid;
• Ensuring monthly reconciliation of all bank accounts is done;
• Ensuring all financial transactions are correctly recorded in the Enterprise Resource Planning accounting system
• Manage the cash flow and prepare cash flow forecasts in accordance with the policy;
• Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll;
• Update the Board and Management regarding changes in legislation or regulations that may affect the Enterprise’s business operations;
• Provide financial analysis and advice to Management and the Board to support strategic and operational decision-making;
• Advise senior management on all situations which have the potential for a negative impact on internal controls or financial performance;
• Ensure statutory deductions and other remittances are executed on time;
• Develop and maintain an enterprise financial risk management framework;
• Establish and continuously improve internal financial controls and fraud prevention mechanisms:
• Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate;
• Ensure up-to-date company asset records and insurance cover;
• Facilitate internal and external audits and implement recommendations of audit management letters and accounting, systems and compliance audits;
• Ensure participation of Finance Department staff in continual training programs and career advancement;
• Support the implementation of TUMEL's Strategic Plan through financial planning and performance monitoring;
• Develop and monitor departmental Key Performance Indicators (KPIs);
• Evaluate investment opportunities and prepare financial viability analyses for new business ventures;
• Evaluate staff in the Finance Department to ensure adherence to the performance targets; and
• Perform any such other duties as may be assigned or delegated by the Managing Director.

person Specification

For appointment to this position, a candidate must:

• Possess a Bachelor's Degree in Accounting/Finance OR equivalent from a recognized University.
• Have served for a minimum of 5 years in the field of Accounting and Finance.
• Be a CPA (K) or equivalent and be a member of the Institute of Certified Public Accountants (ICPAK) in Good Standing and have a Valid practicing license. Have working experience using ERP systems such as Odoo, SAP, Oracle, Microsoft Dynamics, ERPNext, or similar.
• Advanced MS Excel skill