General Manager, Finance at Kenya Power

Positions Reporting to Job Title:

• Manager, Financial Accounting
• Manager, Management Accounting
• Manager, Treasury and Investment
• Manager, Insurance

Overall Responsibility:

Prudent management of financial resources to achieve set corporate goals and objectives.

Objectives:

• Effective cost control
• Effective utilization of resources
• Timely availability and reliability of financial information
• Improved financial productivity ratios

Key Tasks:

• Formulating and implementing sound financial strategies, policies, procedures, and systems.
• Driving the financial planning of the Company by analyzing its performance and risks
• Providing adequate financial resources for business operations.
• Advising on investment opportunities that will yield maximum returns.
• Managing of the Company’s liquidity, working capital and mitigating on operational and financial risks
• Supporting the Board of Directors in strategic stewardship and governance roles
• Proactively ensuring that business decisions are grounded on sound financial advice and insights
• Compiling and reporting on Company’s statutory financial reports.
• Ensuring compliance with financial and accounting standards and regulations.
• Coordinating external Audit activities.
• Reviewing financial services performance and make recommendations to improve the efficiency and effectiveness
• Liaising with government and other stakeholders on finance matters.
• Implementing technological innovations for financial management practices.
• Implementing effective controls for prudent use of financial resources.
• Conducting appraisals on all projects to ensure positive returns on investments.
• Ensuring the Company interests are adequately covered through insurance and hedging instruments to minimize exposure to losses.
• Ensuring compliance of the Company policies, regulations, standards and procedures to enhance operational efficiency.
• Coaching, mentoring and developing the team to ensure optimal performance and effective succession planning.
• Preparation of budgets in a timely manner, and detailed variance analysis to be performed on a regular basis.
• Responsible for managing and monitoring risk and implementation of mitigation strategies.

Requirements

• A minimum period of fifteen (15) years in relevant work experience and at least five (5) years in Senior Management role.
• Master’s Degree in Accounting, Finance, Business Administration or equivalent qualifications from a recognized Institution.
• Bachelor’s Degree in Economics, Finance, Commerce or any related field.
• Certified Public Accountant (CPA) (K) or equivalent qualification by a recognized body.
• Member, Institute of Institute of Certified Public Accountants of Kenya (ICPAK) in good standing.
• Fulfill the requirements of Chapter Six (6) of the constitution
• Certification in Corporate Governance and /or Leadership from a recognised institution

Key Competencies

• Understanding of Company business and financial processes
• Strong Communication & Negotiation Skills
• High levels of Integrity and Ethics
• Drive for results and achievement
• Analytical and strategic thinker
• Creativity and innovation
• Commitment to Company Vision and Value

Benefits

Competitive package