Job Description
GENERAL MANAGER, FINANCE (S9)REF: GM/F/AUGUST 2023
Job Purpose
The General Manager, Finance will be responsible for ensuring efficient management of all financial resources of the Authority through sound strategy/policy formulation and implementation.
Key Duties and Responsibilities
• Identify remedial actions to address shortfalls in financial performance in liaison with departmental heads by identifying revenue enhancement and cost efficiency opportunities;
• Overseeing the investment appraisal of projects and alternative investment plans;
• Developing strategic partnerships with financial partners to support business growth;
• Developing and maintaining financial accounting systems for revenues, expenses, cash management, creditors, debtors, fixed assets, petty cash;
• Formulating, implementing and maintaining accounting and administrative policies and procedures and ensuring compliance thereto;
• Providing leadership in the development and review of the Authority’s medium and long term strategies;
• Custodian of financial policies and processes and standard operating procedure manuals;
• Establishing guidelines for budget preparation and prepare annual budget in consultation with other departments;
• Overseeing the management of cash flows and preparation of cash flow forecasts;
• Executing, reporting and reviewing processes and ensuring preparation of monthly and quarterly financial statements and annual accounts in line with International Financial Reporting Standards (IFRS);
• Identifying and implementing efficient cost control strategies;
• Formulating and implementing sound investment policies;
• Ensuring timely updating of Finance Division’s Risk Register;
• Facilitating external (statutory) and internal audits;
• Ensuring performance measures are designed to evaluate performance against the strategic plan;
• Overseeing the implementation of recommendations of audit (external and internal), risk and compliance and other investigations;
• Setting performance expectations and conducting performance management evaluations in a timely manner to ensure superior levels of performance are maintained; and
• Developing and maintaining timely and accurate monthly, quarterly and annual financial statements.
• Key Qualifications and Experience
• Bachelors degree in Finance or Accounting from a recognized institution; of higher learning.
• Masters degree in Finance, Accounting, Projects Planning and Management or a related field
• Minimum of twelve (12) years practical and relevant working experience four (4) of which will be in a senior management/ leadership position;
• Professional qualifications in Finance or Accounting, CPA(K) or equivalent qualification
• Management training lasting not less than two (2) weeks from a reputable institution
• Member of Institute of Certified Public Accountant of Kenya (ICPAK) or related professional body and in good standing
• Proficiency in Computer Applications
• Skills and Competencies
Strategy execution, analytical, people management, coaching, problem solving & decision-making, prudence financial management, team work, good communication, interpersonal, risk management and leadership skills.