Kenya | Finance Manager | Nairobi

Finance - Finance Manager

Responsibilities

Account Receivable Management

• Review contract or purchase order of new client before empanelment of clients and analysis of contract from IFRS prospective.

• Review necessary documents at the time of client registration like KRA and Certificate of registration.

• Review accurate billing data to be shared with the client after providing services for approval.

• Review monthly invoice to be raised to clients and record in accounts before the closure of month.

• Review timely and accurately presentation of debtor aging and share it with relevant stakeholder.

Account Payable Management

• Maintain suppliers’ records for getting empanelment

• Review contract or purchase order for new vendor before it gets empanelled in vendor master.

• Review timely and accurately booking of expenses, employees’ reimbursement, advances to staff, management and vendor for month closure.

• Review booking of intercompany expenses and timely reconciliation.

• Review necessary accrual of revenue for the month closure.

• Review provision of expenses for month closure.

• Review timely and accurately preparation of creditor aging

Treasury Management

• Review timely and accurately reporting of cash in hand and cash at bank reporting.

• Review timely and accurately payment of vendor.

• Review timely and accurately outflow of cash against employees’ reimbursement.

• Review monthly cash count and mapping with books.

• Review timely repatriated of international payment.

• Review timely payment of withholding tax, VAT & advance tax

Fixed Assets Management

• Review creation of purchase order before acquisition of property, plant and equipment (PPE).

• Review creation of fixed assets number against each and every acquisition.

• Review acquisition should be entered in the organisation with GRN.

• Review accurately and timely recognition of PPE in the books of accounts.

• Review monthly recognition of depreciation and mapping it with depreciation tracker.

• Review proper recognition of dispose of PPE and its impact on management and financial reporting.

• Review timely performance of physical verification of PPE.

Functional Activities:

• Minimum accounting frame work regulation

• Due diligence chart of accounts monthly, quarterly and YTD.

• Accrual of unbilled revenue.

• Accrual and provision of expenses to have accurate picture of P&L.

• Review of revenue and expense tracker to ensure completeness of recording.

Auditing and its Reporting

• Consolidate financials for different business verticals and consolidate monthly, quarterly and yearly financial statements.

• Manage & Coordinate with statutory auditor to have audit plan and make ensure to conclude in time.

• Prepare & review necessary corrective action to close the gap on the basis of internal

auditor recommendation.

Internal Financial Control

• Minimum Accounting Framework

• Review standard of procedures of accounts activity like order to cash, purchase to pay,

fixed assets, direct tax, indirect tax, payroll and year end activity.

• Review and update risk matrix as per SOP.

• Review timely testing of IFC’s SOP and test scripts.

• Review user rights matrix working effectively and accurately.

• Review ITGC procedure working properly from account perspective

Direct Tax Operation

• Review correct calculation of withholding taxes considering income tax provision and  DTAA.

• Manage correct calculation of Withholding tax and VAT and timely deposit it.

• Manage timely submission of Tax return.

• Review calculation of advance tax, corporate tax and MAT.

• Review and finalization of current income tax, deferred tax and contingent liability of ongoing assessment.

• Manage correct and timely prepare annual income tax return and make necessary computation for supporting it.

Requirements

• A Master’s degree in Business Administration, Accounting, Finance or other relevant fields.
• Certified/Chartered Public Accountant (CPA), Association of Chartered Certified Accountants (ACCA) or equivalent qualification is required for this position.
• Proficiency in MS-Office with significant experience in excel, accounting package knowledge will be an added advantage
• 5-10 years of post-qualification experience
• Strong organizational skills and attention to detail.
• Strong verbal and written communication skills in English (business fluent)
• Organization sensitive and able to maneuver between various / conflicting interests.
• Having the drive to realize objectives and combine various goals as a personal ambition.
• Great ability of thinking outside set paths and able to produce several solutions to different situation
• Highly skilled in presenting data, creating, and presenting PowerPoint presentations to global audience and industry leaders
• Being able to build strong and positive relationships in a complex international environment
• Excellent problem solving, judgment and decision-making skills
• Empathic personality who can understand the feelings of others and reflect on them