Financial Manager at Heavy Engineering Ltd

The goal is to enable the company’s leaders to make sound business decisions and meet the company’s objectives.

Responsibilities

• Develop and document business processes and accounting policies to maintain and strengthen internal controls
• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met. 
• Developing and managing financial systems/models
• Preparing and interpreting reports, budgets, accounts, commentaries and financial statements.
• Managing budgets 
• Maintain the financial health of the organization.
• Producing long-term business plans
• Analyse costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans.
• Verification of payments to employees
• Preparation of payment schedules to creditors according to agreed payment terms
• Undertaking research into pricing, competitors and factors affecting performance
• Develop trends and projections for the firm’s finances.
• Conduct reviews and evaluations for cost-reduction opportunities.
• Liaise with auditors to ensure appropriate monitoring of company finances is maintained.
• Liaise with KRA, labour and other government organizations
• Controlling income, cash flow and expenditure
• Managing compliance with all the statutory obligations as well as taxation for the company, in accordance with Kenyan government requirements.
• Correspond with various other departments, discussing company plans and agreeing on future paths to be taken.
• Undertaking strategic analysis and assisting with strategic planning
• carrying out business modelling and risk assessments
• Supervising staff
• Liaising with managerial staff and other colleagues.

Required Qualifications

• Proven experience as a Financial Manager. 
• Extensive understanding of financial trends both within the company and general market patterns
• Proficient user of finance software
• Experience in using ERP System. Implementation of ERP system in a company will be a plus. 
• Strong interpersonal, communication and presentation skills
• Able to manage, guide and lead employees to ensure appropriate financial processes are being used
• Understanding of LC payment terms and conditions
• Experience with debt restructuring is a plus.
• A solid understanding of financial statistics and accounting principles
• Working knowledge of all statutory legislation and regulations
• Minimum requirement of Bachelor’s degree in Finance/Accounting. Master’s degree is a plus 
• Professional qualification such as CPA or similar will be considered a plus
• Experience working in an Engineering/Manufacturing firm will be an advantage.