Financial Controller at Stratostaff

 Roles & Responsibilities:

Financial Acumen:

• Prepare and present monthly management accounts and financial reports to the Board.
• Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the General Manager and Treasurer.
• Ensure compliance with financial regulations and internal policies.
• Oversee financial audits and prepare comprehensive responses to audit queries.

Committee Participation:

• Attend and actively participate in committee meetings, including Audit and Governance, Membership Services, and Procurement committees.
• Implement action points from committee meetings and provide updates on progress.
• Articulate club financial matters and concerns to the Board and Management.

Forecasting:

• Implement and oversee transaction and process controls within the organization.
• Approve bank reconciliations and supplier payments.
• Prepare cash flow forecasts and manage cash allocation to meet organizational needs.

Budgeting:

• Oversee the preparation of departmental budgets by line managers.
• Monitor risk management policies and advise on appropriate insurance coverage.
• Negotiate with financial institutions for credit and other financial services.
• Continuously review and update finance policies and procedures.

Banking and Payment:

• Review and approve supplier payments and Local Purchase Orders (LPOs).
• Oversee monthly stock takes and review bank and supplier reconciliations.
• Ensure accurate and timely payroll processing.

Debt Control:

• Oversee debt collection processes and analyze debtor aging profiles.
• Assist the Credit Controller in managing delicate debt situations and member queries.
• Liaise with debt collection agencies for overdue debts and streamline member payment options.

Contract Reviews and Management:

• Participate in procurement processes, including pre-qualification exercises.
• Review asset disposal activities and ensure compliance with regulations.
• Ensure all club licenses are renewed and regulatory compliance is maintained.

KEY COMPETENCIES:

• Financial Acumen
• Business Acumen
• Customer Focus
• Operation Efficiency
• Stakeholder Management
• Team Leadership & People Management

Requirements

• Master’s Degree or Bachelor’s Degree in Commerce – Accounting/Finance
• Member of the Institute of Chartered Public Accountants Kenya with a practicing license
• Minimum of 7 years’ experience as a Financial Controller in a busy organization.
• Agile in fast-moving environments
• Strong communication and people management skills
• Effective time management and prioritization skills
• Ability to manage multiple projects with multiple stakeholders
• Strong decision-making, numerical, and analytical skills
• IT proficiency