Head of Finance at Deloitte Consulting

KEY RESPONSIBILITIES

Cash Management

• Manage company bank accounts and cash to minimize costs and maximize returns on idle funds.
• Handle foreign currency accounts, ensuring adequate reserves while minimizing exchange losses.
• Ensure adequate working capital is available without relying on overdrafts.
• Manage treasury functions, investing surplus funds wisely and ensuring best returns.
• Maintain strong, balanced relationships with banking partners.
• Review daily cash positions, focusing on company bankers as the main paying bank.
• Review and follow up on bank reconciliations and ensure prompt resolution of reconciling items.
• Ensure sufficient forex for supplier payments; source best exchange rates.
• Deposit received cash dollars promptly and follow up on yellow vouchers and safari float accountability.
• Manage overseas petty cash denominated in dollars.

Payments & Tax Compliance

• Oversee all tax matters in liaison with tax advisors and KRA, ensuring timely payments.
• Authorize petty cash and supplier payments, ensuring adherence to payment terms and supporting documentation.
• Authorize LPOs and ensure prompt tax remittances (VAT, Withholding Tax, Instalment Tax).
• Liaise with tax consultants on all tax-related matters.

Costing

• Ensure weekly profit statements are prepared timely and accurately.
• Ensure daily cost data is accurate and timely for management use.
• Oversee new product cost setups and regularly review existing product costs for pricing validity.
• Continuously evaluate the production process to ensure accurate costing.

​​​​​​​Inventory Management

• Ensure accurate and up-to-date inventory records.
• Supervise monthly stock takes, investigate variances, and implement corrective measures.
• Monitor and review stock for obsolescence regularly

​​​​​​​Management Accounts & Reporting

• a.      Ensure timely preparation of monthly management accounts with variance analysis.
• b.      Review cost margin, overhead analysis, flash reports, and shareholder reports.
• c.      Ensure reporting accuracy and alignment with organizational targets.
• d.      Ensure timely preparation of statutory accounts and smooth execution of annual audits.
• e.      Oversee tax computation and review draft financial statements.
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• Budgeting & Forecasting
• a.      Oversee budget preparation and ensure its alignment with company goals and assumptions.

PERSON SPECIFICATIONS

​​​​​​​Education

• Bachelor's degree in Finance, Accounting, Economics, or a related field.
• Master’s degree in Finance, Business Administration (MBA), or Strategic Management is an added advantage.
• Membership in a recognized professional body (e.g., ICPAK) is preferred

​​​​​​​Professional Qualifications

•  CPA (K), ACCA, CFA or equivalent professional qualification required.

Experience

• Minimum of 10 years of progressive finance experience, with at least 5 years in a senior leadership role.
• Proven experience managing end-to-end finance operations including budgeting, reporting, treasury, costing, tax, and audit.
• Hands-on experience in manufacturing, agribusiness, FMCG, or related industries is strongly preferred.
• Demonstrated success in improving financial systems, processes, and controls.
• Experience working with ERP systems (e.g., SAP, Oracle, Sage, Microsoft Dynamics).

​​​​​​​COMPETENCIES REQUIRED

• Strong command of financial planning, analysis, and reporting.
• Expertise in tax compliance, treasury management, and regulatory frameworks (e.g., KRA).
• Proficiency in financial modelling, budgeting tools, and MS Excel (advanced)
•  Deep understanding of costing methods, inventory accounting, and cost control.
• Strategic thinking with the ability to align financial management with business objectives
• High level of integrity, ethics, and confidentiality in handling financial information
•  Strong leadership and people management skills with the ability to build high-performing teams.
• Excellent communication and presentation skills, especially for reporting to boards and senior management.