Department:
People & Change KenyaJob type:
PermanentClosing date:
26-Jun-15Reference Number:
130-PEO00461The Company
Our client, Keroche Breweries Limited, is a Kenyan brewing company that has distinguished itself as the first, unique and only brewer of high quality and healthy Natural, Sugar free beer winning the hearts of many Kenyans. In its quest to maintain this position, Keroche Breweries would like to recruit a performance driven, results oriented and innovative leader who has a futuristic outlook, to fill the position of Chief Finance Officer (CFO).
The Chief Financial Officer (CFO) will be responsible for the organizations financial management
including management accounting, credit management, cash flow management and financial reporting as well as end-to-end supply chain management process controls, businesses risk management and IT management.
Duties and Responsibilities
•Directly assist the management on all strategic and tactical matters relating to budget management, cost benefit, forecasting needs•Ensure adequate purchasing controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits.
•Oversee the production of monthly reports including reconciliations as well as financial statements and cash flow projections for use by Executive management,
•Work with the CEO on the strategic vision including fostering and cultivating stakeholder’s relationships, as well as assisting in the development and negotiation of contracts.
•Train the Finance Unit and other staff on raising awareness and knowledge of financial management matters.
•Oversee the management and coordination of all fiscal reporting activities for the organization including; organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring or organizational and contract/grant budgets
•Attend meetings: including being the lead staff on the Audit/Finance Committee
•Oversee the maintenance of the inventory of all fixed assets, including assts purchased with company or borrowed funds.
•Participate in the business planning process and follow up to ensure that the business delivers on its short term and long term financial goals; keeping a keen eye on business performance metrics to inform proactive management decisions.
•Forecasting business cash cycle, ensuring adequate cash flow will be a key responsibility as well as developing the management reporting capabilities
•Capacity build the finance team
Key Accountabilities
The CFO will be required to:•Provide timely, accurate and relevant financial information to aid management decision-making.
•Oversee the effective reporting of monthly management accounts information and reports, quarterly financial statements and performance versus the budget
•Responsible for Credit and Cash flow management
•Ensure timely and accurate preparation of the company’s financial reports in line with relevant statutory requirements and International Financial Reporting Standards (IFRS).
•Identify risks and financial implications of operations and initiatives within the company, advise the CEO and Board of Directors accordingly
•Ensure robust planning, budgeting and forecasting processes for the company.
Qualification and Experience
The post holder will have:•Bachelor’s degree or its equivalent in accounting, finance or any other related discipline.
•Bachelor degree holder and CPA/CFA/CIMA with high proficiency in MS office. FMCG and ERP experience will be an added advantage.
•Minimum of ten (10) years post-qualification experience of which at least five (5) years must be at senior management level.
•Advanced financial and accounting knowledge, including in-depth understanding of finance best practices financial and accounting reporting standards.
•Strong knowledge of the Financial reporting including regulations, legislations and understanding of trends and developments that might impact on financing or accounting for operations within the industry.
•Be Proactive, analytical, driven and committed to success and can influence in a matrix environment.
Key Competencies
The ideal candidate should demonstrate:•Excellent analytical skills
•Good negotiations skills
•Excellent communication skills
•To demonstrate high level of competency and maturity
•High integrity and good morals
Key Performance Indicators
•Cost reduction•Smooth operation of the finance department
•Financial Report writing
•Timely payment of bills and invoices leading to less debtors
•Ensuring the Company is operating in a profitable way
