Head of Finance, Investment & Property at Kenya Revenue Authority (KRA)

Job Summary:     

The position will be responsible for all aspects of the Finance, Investment and Property office by providing appropriate financial advice and undertaking related financial duties.

Key Responsibilities:    

• Oversees all Finance functions including those necessary for auditing, budgeting, financial analysis, capital asset and property management in accordance with generally accepted accounting principles, financial policies and procedures, and all other applicable rules and guidelines.
• Providing financial management advice to KRA Staff Pension scheme board of Trustees and management;  
• Monitoring, analysing, and interpreting KRA Staff Pension Scheme’s financial performance evaluation reports and making recommendations to management on policy changes
• Prudent management of finance, and physical assets of the organization; preparing monthly/quarterly financial projection, statements and budgets; exercising expenditure controls of the organization;
• Supervising accounting activities; updating management reports; monitoring and evaluating implementation of the statutory mandate; and
• Working in close consultation with the Chief Manager on all financial management issues
• Provide comprehensive financial and decision support to the Scheme through a wide variety of financially focused work to directly increase profitability and contribute effectively to business decisions
• Maintain controls on spending to ensure budgetary limits are adhered to.
• Ensure that all finances and appropriate financial regulations and controls are in place, properly administered and monitored
• Ensure legal and regulatory compliance regarding all financial functions
• Acquisition, Development and Promotion of knowledge skills and abilities
• Overseeing all investment activities on behalf of KRA Staff Pension Scheme as follows:
  • Developing investment strategies to meet agreed investment objectives
  • Implementing an investment strategy, liaising with clients and dealing with their queries about the strategy
  • Analysing the risk and return profile of asset types, monitoring markets relevant to the fund portfolio and the performance of competing funds
  • Developing awareness of the tax environment within which specific investments and investors operate
  • Constructing risk profiles for proposed client portfolio changes
  • Preparing investment portfolio data for client reporting
  • Reviewing the activities of the asset managers reports and activities
  • Monitoring and overseeing investment operations and administration activities
  • Networking to maintain relationships with existing investment manager.
• Supervising all property management activities on behalf of KRA Staff Pension Scheme as follows:
  • Supervising the Property Managers’s day to day activities
  • Participating in the development of business plans related to property management
  • Structuring of budgets related to property management
  • Overseeing Management of existing assets related to property owned by the scheme and business planning for each asset.
  • Serving as the custodian of legal documentation related to leases and sales.
• And any other duties assigned by the Supervisor

Academic Qualifications

• Bachelor’s Degree in Accounts, Finance, commerce or any related field.

Professional Qualifications

• CPA (K) / ACCA finalist;

Relevant Work Experience Required

• At least 5 years of experience in financial management with 2 years in first level management or comparable position;

Skills Required:

• Extensive knowledge of setting of budgets, reporting, inventory control systems and accounting;
• Leadership skills;
• Strategic and analytical skills;
• Ability to drive change and innovation;
• Experience in strategic development and implementation