Finance Officer
Finance Officer
Posted on :
16-10-2024
Employer Active
1 Vacancy
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Job Description
Job Summary:
Our client is looking to hire a Finance Officer who will be responsible for managing the financial operations of the organization ensuring accuracy in accounting financial reporting and compliance with regulatory standards. The ideal candidate will provide support in budgeting financial analysis reconciliations and maintaining financial controls to ensure smooth daytoday finance activities.
Key Responsibilities:
- Financial Record Keeping: Maintain accurate financial records including preparation and processing of financial transactions such as invoices purchase orders receipts and payments.
- Budgeting and Forecasting: Assist in the preparation of annual budgets and forecasts monitor financial performance and report variances to management.
- Financial Reporting: Prepare and analyze monthly quarterly and annual financial statements ensuring compliance with relevant financial standards and internal policies.
- Bank Reconciliation: Conduct regular reconciliations of bank accounts ensuring accuracy in cash flow records and resolving any discrepancies.
- Accounts Payable and Receivable: Manage the organizations accounts payable and receivable processes ensuring timely payments and collections while maintaining strong relationships with suppliers and customers.
- Audit Preparation: Assist in preparing documents and reports for external and internal audits and ensure that the organization is auditready at all times.
- Tax Compliance: Ensure the organization s tax obligations (e.g. VAT corporate tax etc.) are met by preparing and submitting returns in a timely manner.
- Financial Analysis: Conduct financial analysis to support decisionmaking including variance analysis trend analysis and profitability assessments.
- Expense Management: Monitor and control the organizations expenditure ensuring compliance with the budget and identifying costsaving opportunities.
- Regulatory Compliance: Ensure compliance with local financial regulations and standards including statutory filings and adherence to financial controls.
- Cash Flow Management: Monitor cash flow and liquidity to ensure the organization has sufficient funds for operational needs.
- Support to Management: Provide financial insights and reports to management for strategic planning and business decisionmaking.
Requirements
- Bachelor s degree in Finance Accounting or a related field.
- Professional certification (CPA)
- Minimum of 4 years of experience in a similar role.
- Strong knowledge of accounting principles financial reporting and regulatory requirements.
- Proficiency in financial management software and MS Office applications (especially Excel).
- Excellent analytical organizational and problemsolving skills.
- Strong attention to detail and ability to work under tight deadlines.
- Good interpersonal and communication skills with the ability to interact with various stakeholders.
- Experience overseeing a business with more than 300 employees and an annual turnover exceeding 6 Billion shillings. - At least 10 years experience in senior management, minimum 3 years experience as an MD role of a MFI or Financial Services. - A deep knowledge of the latest developments in the financial industry. - Well organized, with excellent time management skills and the ability to multitask. - Innovative and entrepreneurial approach. - Develop positive relationships with business partners, investors, and senior management. - Strong leadership skills. Someone who sets a strong example and leads from the front. - Administration of Management Contracts and ensuring that all deliverables are met per the agreement and updated policies are in place.
Education
- MSc degree in business or tech, MBA preferred.
Employment Type
Full Time
Key Skills
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