Head of Finance

1 week ago

Nairobi, Nairobi Area, Kenya Corporate Staffing Services Full time

Finance accounting jobs in Kenya. Reporting to : Managing Director
Department : Finance

Main duties

Our client, an advertising company, is seeking a Head of Finance to oversee all financial activities, ensure financial health, and drive strategic financial planning. This dynamic, results-oriented leader will work closely with the finance, audit, procurement, and IT teams, supporting business operations and growth initiatives. As part of his/her duties, the Head of Finance will play a key role in strategic decision-making and operations.

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Responsibilities:

  • Develop and oversee financial plans, budgets, and forecasts for the advertising company.

  • Analyze financial data to provide insights and recommendations for strategic decision-making.

  • Develop and implement financial strategies, policies, and procedures to ensure sound financial management.

  • Oversee the preparation and approval of all financial reporting materials and metrics; prepare and communicate monthly and annual financial statements.

  • Analyze financial performance and provide strategic recommendations to the CEO and executive team.

  • Manage budgeting and forecasting processes, ensuring alignment with company goals and objectives.

  • Monitor and manage cash flow, banking relationships, and financial transactions.

  • Monitor cash flow and liquidity to ensure the company meets its financial obligations and maintains adequate working capital.

  • Implement strategies to optimize cash flow efficiency.

  • Collaborate with the CEO and executive team to develop and execute business strategies and long-term plans.

  • Identify and evaluate business opportunities, risks, and financial impacts.

  • Support business development initiatives, including mergers, acquisitions, and partnerships.

  • Ensure accurate and timely financial reporting per regulatory requirements and company policies.

  • Prepare weekly, monthly, quarterly, and annual financial statements for management and stakeholders.

  • Lead the Internal audit to Identify and mitigate financial risks through effective risk management practices.

  • Develop and implement policies and procedures to safeguard the company's financial assets.

  • Ensure compliance with all financial, legal, and tax regulations, including the preparation and submission of tax returns.

  • Develop and maintain internal controls to safeguard the company's financial assets.

  • Coordinate and oversee internal and external audits, addressing findings and implementing recommendations. Procurement and Vendor Management

  • Develop and implement procurement policies and procedures to ensure cost-effective and efficient purchasing practices.

  • Negotiate and manage contracts with suppliers and vendors to secure the best terms and conditions.

  • Oversee the procurement team to ensure timely and accurate procurement activities.

  • Ensure robust cybersecurity measures are in place to protect company information.

  • Mentor and develop team members, promoting professional growth and skill development.

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    Qualifications:

    • MBA in Finance or Strategic Management.

    • A Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field from a recognized university.

    • Professional qualifications in CPA-K, CIFA, or any other recognized professional accounting qualification.

    • Minimum of 10 years' experience in Finance and Accounting, with at least the last 5 years having held a similar role or been a member of a senior management team.

    • Working knowledge of all statutory legislation and regulations.

    • Should be a member of a relevant professional body.

    • Proficient user of finance software.

    • Outstanding interpersonal and communications skills; ability to communicate effectively with technical and non-technical audiences.

    • A solid understanding of financial statistics and accounting principles.

    • Strategic thinker who possesses solid business acumen and can organize and manage.

    • Proven ability to make complex and time-sensitive decisions in the best interests of the organization.

    • Excellent leadership and teamwork skills.

    • Proactive, hands-on, results-driven orientation required.

      How to Apply:

      If you are up to the challenge and possess the necessary qualifications and experience; please send your CV only quoting the job title on the email subject (Head of Finance – Advertising) to before 8th June, 2024.

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