Job Description
DEPUTY DIRECTOR – FUND MANAGEMENT – KRB 5
Reporting to the Director Finance and Strategy the incumbent shall among others be responsible for: -
• Review and ensure prompt processing of all financial transactions including KRB Operations Accounts, suppliers, are released on time
in accordance with the KRB Service Charter, contracts, and PFM Act & Regulations.
• Review and ensure expenditure management and control, revenue management, management of debtors and creditors, and monitoring
the performance of the KRB’s liabilities including leases, insurance summaries, contingencies, and loan expectations, as per the PFM Act and guidelines.
• Ensure compliance with tax and other statutory regulations;
• Supervise to ensure the integrity of financial transactions and compliance with all relevant policies, guidelines, and procedures for all financial reporting.
• Ensuring prompt transfer of funds from Central Bank of Kenya to Commercial banks
• Supervise the development and dissemination of cash flow projections and annual disbursement programme and prepare monthly
disbursement schedule in line with the approved programme for approval by the Board
• Release funds approved by the Board to RAs in line with KRB Service Charter and Monitor and ensure adherence to Road Agencies budget ceilings
• Participate in the strategic planning process of Kenya Roads Board Develop accounting policies, procedures, and controls;
• Prepare timely and accurate quarterly management reports, Annual Report & Financial Statements to the Board for decision making as
well as for external reporting inline the requirements of the International Public Sector Accounting Standards (IPSASs), the PFM Act &
regulations, and the National Treasury;
• Prepare annual budgetary estimates of revenue and expenditure of the Kenya Roads Board Fund (KRBF) in accordance with the PFM
Act & Regulations, KRB Act and the National Treasury Guidelines for approval by the Board and submission for approval by the parent
ministry and the National Treasury;
• Liaise with external/internal auditor on audit matters and acting on management letter;
• Review bank reconciliations and ensure timely and accurate for all the KRB’s and Kenya Roads Board Fund bank accounts
• Supervise the financial options analysis, information memorandum and participate in legal review and marketing of debt instruments.
• Supervise the conduct of market and industry research analysis with respect to the fund mobilization and investment.
Requirements of the position: -
• Bachelor’s degree in Finance, Accounting or Economics or equivalent qualification from a recognized institution.
• Master’s degree in Finance, Accounting or Economics or equivalent qualification from a recognized institution
• Professional qualifications in CPA(K), or equivalent
• Membership in Good Standing with the Institute of Certified Public Accountants of Kenya (ICPAK);
• Leadership course lasting not less than six (6) weeks from a recognized institution
• A minimum of twelve (12) years of relevant experience, three (3) of which should have been in a management role.
Functional Skills & Behavioural Competencies/Attributes:
• Decision making, Technical Expertise, Communication, Negotiation, Problem-Solving, Analytical, Coaching and mentoring, Interpersonal
skills, Technological savvy
• Emotional intelligence, Ability to work under pressure, Risk Management, Collaboration, and partnerships, Coaching & Mentoring, Ability
to manage and apply public resources, Ability to manage performance, Integrity, Change management, Understanding of legal and
regulatory framework, Results-orientation, Creativity, and innovation, Team player
Terms of Service:
• The successful candidates will serve on a three (3) years contract renewable upon satisfactory performance.
• The successful candidates will be offered a competitive remuneration package, including house allowance, medical benefits, gratuity
and other benefits in accordance with State Corporations Advisory Committee and Salaries Remuneration Commission guidelines.