Chief Financial Officer Job in Kenya

Job Title: Chief Financial Officer

Number of Positions Open: 1

Reports To: Chief Executive Officer

Location: Nairobi, Kenya

Closing Date: Open Until Filled


A Medical Insurance Provider registered under the Insurance Act. They utilize managed care principles to provide access to comprehensive health care.

The purpose of this role is to direct and oversee all of the financial activities, including the preparation of current financial reports and forecasts for future business growth.

The Chief Financial Officer is responsible for leading and directing the timely and efficient delivery of support services to the business which includes: financial management and procurement, investment management and risk management.

Primary Responsibilities

Monitoring, Controlling and Reporting

• Formulating annual budgets in close relation with departments for Board approval
• Analyze and forecast critical financial performance indicators such as cash flow, cost controls and actual figures against budgets / targets. Convey these analyses to the CEO, the Board Business Committee, and recommend on corrective actions where needed
• Analyze and review aged accounts, accounts receivable and make recommendations for improvement
• Analyze and recommend methods to improve cost effectiveness
• Ensure adherence to limits contained in signed agreements with shareholders, financiers, clients and other key partners
• Ensuring optimal investment of excess funds to maximize investment income
• Present the financial performance reports to the Board

Supporting Business

• Contribute to strategic planning and development as a member of the executive team
• Contribute to the achievement of the company objectives by providing advice and guidance on financial strategy
• Assesses the long term financial trends and review prospects for future growth of income and new product areas, and pinpoint potential weak areas
• Represent the company to financial partners and other investor relations. Provide financial updates, reports and equity/debt tracking
• Act as the principal contact officer in dealing with banks and financial institutions with respect to credit terms, funding and communicating the company’s performance to them

Overseeing Accounting Systems and Procedures

• Create, coordinate, and evaluate the financial programs and supporting information systems of the company to include budgeting, tax planning
• Approve and coordinate changes and improvements in automated financial and management information systems for the company
• Oversee the coordination and activities of the external auditor and ensure all audit issues are resolved
• Establish and maintain appropriate internal control safeguards
• Review and improve finance, accounting, billing, and auditing procedures
• Develop and implement risk management policies

Managing finance department

• Establish and implement short- and long-range departmental goals, objectives, policies, and operating procedures
• Manage, motivate, recruit, select and evaluate financial staff
• Provide guidance and training to financial staff in order to further improve their overall financial knowledge

Skills and Requirements

Qualification

• A bachelors and a masters degree from a recognized University; in Business Administration, Strategic Management, Economics or Finance
• Knowledge of finance, accounting, budgeting, and cost control principles including International Financial Reporting Standards (IFRS)

Experience

• Minimum 7 years relevant experience with at least 5 years in senior management
• Minimum 5 years experience in service industry
• Experience working in a fast growing environment

Key Competencies:

• Ability to analyze financial data and prepare financial reports, statements, and projections
• Ability to generate professional written reports
• Strategic thinking skills
• Negotiation skills
• Strong communication and interpersonal skills
• Planning and organizational skills

How to Apply

Interested candidates holding the necessary requirements, good performance and / or references are encouraged to apply with detailed CVs, inclusive of names and contacts of 3 referees, current telephone number and email address by:

Sending CV to recruiter@personnelresource.com

Only short listed candidates will be contacted.

“Personnel Resource is an equal opportunity employer”

Visit http://myjobtube.blogspot.com for more Jobs in Kenya