Financial Analyst (KIDA) at County Government of Kirinyaga

Duties & Responsibilities

Reporting to the CEO Kirinyaga Investment & Development Authority (KIDA), the holder will collect and analyze financial information, assess economic trends, and prepare forecasts to help senior management make informed business decisions. His role involves evaluating financial performance, identifying risks, and recommending strategies to optimize financial outcomes.

DUTIES AND RESPONSIBILITIES

• Collect and analyze financial data from various sources, including financial statements, accounting records, market research, and economic indicators, to assess the financial health and performance of the organization.
• Prepare financial models, forecasts, and projections to support budgeting, planning, and decision-making processes, incorporating assumptions, scenarios, and sensitivity analyses to assess potential outcomes.
• Conduct financial analysis and interpretation of key performance indicators (KPIs), ratios, and metrics, such as profitability, liquidity, solvency, and efficiency, to identify trends, variances, and areas for improvement.
• Develop financial reports, dashboards, and presentations for senior management, board of directors, and stakeholders, summarizing findings, insights, and recommendations in a clear and concise manner.
• Evaluate investment opportunities, capital projects, and business initiatives, performing cost-benefit analysis, ROI calculations, and risk assessments to assess feasibility and potential financial impact.
• Monitor financial performance against budgets, forecasts, and targets, investigating variances, deviations, and discrepancies, and providing explanations and recommendations for corrective action.
• Assist in financial planning and budgeting processes, collaborating with departments and business units to develop financial plans, set targets, and allocate resources in line with strategic objectives.
• Conduct industry research, competitive analysis, and benchmarking studies to assess market trends, industry dynamics, and peer performance, providing insights and recommendations for business strategy.
• Analyze pricing strategies, product profitability, and revenue streams, identifying opportunities for revenue enhancement, cost optimization, and margin improvement.
• Assist in the evaluation and implementation of financial systems, tools, and technologies to improve efficiency, accuracy, and automation of financial processes and reporting.
• Support mergers, acquisitions, and divestitures by performing financial due diligence, analyzing financial statements, valuing assets, and assessing financial risks and opportunities.
• Collaborate with cross-functional teams, including finance, accounting, operations, and marketing, to gather data, validate assumptions, and ensure alignment of financial analysis with business objectives.
• Participate in strategic planning sessions, management meetings, and board presentations, providing financial insights, recommendations, and scenarios to inform decision-making and strategic direction.
• Maintain confidentiality and integrity of financial information, ensuring compliance with regulatory requirements, accounting standards, and internal controls.
• Stay updated on financial regulations, accounting principles, and industry best practices, participating in training programs, seminars, and professional development activities.

Job Requirements

• Bachelor’s degree in Financial Accounting, Economics, or a related field;
• CFA Certification or any other equivalent qualification;
• Proven experience as a financial analyst, business analyst, or related role, with a strong understanding of financial analysis principles, methodologies, and techniques.
• Proficiency in financial modeling, forecasting, and analysis using spreadsheet software (e.g., Microsoft Excel), financial modeling tools, and data visualization platforms.
• Knowledge of accounting principles, financial reporting standards, and corporate finance concepts, with the ability to interpret financial statements and perform financial analysis.
• Analytical and problem-solving skills, with the ability to gather and analyze large datasets, identify trends, and draw meaningful insights to support decision-making.
• Strong quantitative and qualitative analysis skills, with attention to detail and accuracy in performing financial calculations, projections, and scenario analysis.
• Excellent communication and presentation skills, with the ability to convey complex financial concepts and analysis results to non-financial audiences in a clear and understandable manner.
• Teamwork and collaboration skills, with the ability to work effectively in cross-functional teams, build relationships, and influence stakeholders at all levels of the organization.
• Adaptability and flexibility to work in a fast-paced, dynamic environment, managing multiple priorities and deadlines while maintaining a high level of accuracy and quality in work output.
• Proficiency in using financial analysis software, database management tools, and enterprise resource planning (ERP) systems for data extraction, analysis, and reporting.
• Demonstrate understanding and commitment to the values and principles as outlined in article 10 and 232 of the Constitution of Kenya, 2010;
• Satisfy the requirements of Chapter 6 of the Constitution of Kenya, 2010.