Finance & Procurement Officer at Kenya Airways

Brief Description        

• The incumbent will be responsible for Implementing and maintaining cost effective procurement requirements for Fahari Aviation to achieve a safe, sustainable, and reliable Supply Chain and increase share holder value and organization profit.
• He/she will also be responsible for managing all financial transactions, from fixed payments and variable expenses to bank deposits and budgets. The role involves auditing financial documents and procedures, reconciling bank statements, and calculating tax payments and returns.

Detailed Description        

• Ensure 100% compliance on e-sourcing tools to execute sourcing activities.
• Review PDI and confirm need before processing the PO. Align with user on need and budgetary allocation/availability. Process PO within approved TAT 12 hours for stock items, 72 hours for non-stock item to ensure 100% delivery to the business.
• Expedite on released orders as per delivery schedule. Ensure supplier adheres to quality, compliance, and invoice accuracy.
• Analyze supplier performance and use discretion to decide which supplier delivers best value to fulfil user needs. Participate in supplier engagement and development work in achieving delivery of consistent Quality within specifications.
• Manage project financials ensuring value for external relationships and driving efficiencies in every approach.
• Adhere to KQ Procurement buying policies & procedures in all sourcing undertaking.
• Perform periodic spend analysis and market research.
• Lead upkeep of Vendor Managed Inventory (VMI)
• Implement procurement processes to ensure efficiency, cost savings and best practices.
• Develop detailed sourcing and category plans to maximize effectiveness and efficiency.
• Deliver savings through ensuring pricing on PO matches the contracted rates to support the business financial objectives.
• Prepare budget forecasts and monitor spending in line with budget.
• Publish financial statements on time.
• Handle monthly, quarterly, and annual closings.
• Compute taxes and prepare tax returns.
• Report on the company’s financial health and liquidity.
• Reinforce financial data confidentiality and conduct database backups when necessary.

Job Requirements        

• A Bachelor’s degree in accounting/finance from a reputable Institution.
• A fully qualified CPA (K) or ACCA.
• Graduate Diploma in Supplies Management or equivalent from recognized institution will be an added advantage.
• At least Two years’ experience in a similar position.
• Knowledge of tender management process.
• Understanding of INCOTERMS.
• Good grasp of Supply Chain and accounting.
• Track record of Integrity and ability to commit to driving compliance and accepting responsibilities.

Additional Details        

• Analytical – highly analytical and ability to challenge the status quo based on quantitative facts and impacts.
• Adept at using Microsoft Office applications.
• Report writing - ability to develop quality and comprehensive reports.
• Sound Negotiation skills.
• Must have great communication skills.
• International Financial Reporting Standards (IFRS).
• Financial Accounting.
• Accounts Analysis and reconciliation skills.
• Critical and proactive thinking.