The Watershop-Naivasha manages a network of 85 “PureFresh” water kiosks across Nairobi, Naivasha and Nakuru which deliver high-quality water at low cost to improve the health of all Kenyans. The Company is preparing for significant expansion and is looking for an ambitious Finance Manager who is keen to build a robust, efficient, finance department capable of attracting external investment and delivering strong financial performance.
The Finance Manager will lead the development of the Watershop’s financial management strategy, policies and procedures, as well as managing all components of financial control, reporting, regulatory compliance. S/he will also have an active role in presenting results to the Board of Directors and external investors. S/he will also train staff in compliance, reporting, accounting requirements and internal processes.
Responsibilities
Key Measures of Performance:
The performance of this role holder will be assessed on the basis of the achievements made on:
Efficient and effective management of Watershop’s finance officers and finance assistants resulting to achievement of results by team members on a timely basis
Compliance with finance-related processes, policies and procedures
Alignment of function to Watershop’s business requirement
Turnaround time in the financial management processes
Quick turnaround times for management, the BOD and statutory reporting deliverables
Quality of content of deliverables
Up to date and efficient functioning of the Financial Management system.
Development and capacity building of the finance officers and finance assistants Key Responsibilities
Accounting policies and manuals: Implementation of accounting policies and manuals to ensure alignment and compliance with reporting policies and procedures.
Accounting systems: Develop and maintain appropriate financial records (including accounting software) and supporting documentation in line with International Financial Reporting Standards (IFRS) and local accounting standards as applicable.
Internal control systems: Develop and implement internal control systems, ensuring adherence to applicable policies and procedures
Reporting: Develop, implement and ensure all weekly, monthly, quarterly and annual reporting requirements are prepared to a high standard of accuracy and per issued deadlines. This will include interpretation of financial reports to management and the Board of Directors as well as providing appropriate commentary to financial performance and position.
Forecasting/Budgeting: Prepare periodic forecast and annual budgets in accordance with internal reporting requirements. Work closely with management to prepare department level financial evaluations and projections.
Cash flow Management / forecasting: Manage cash position and prepare monthly cash flow forecast for submission to the CEO and management.
Statutory audits: Ensure annual financial audits are completed on time and that all filing requirements are adhered to and address any matters raised during audits as per management letters.
Fixed assets management: Develop, implement and review fixed assets management policies and processes including capitalization and disposal policies. Ensure adequate controls are in place to safeguard investment companies’ assets. Ensure cost/benefit analysis is done for all Capex requisitions.
Inventory management: Ensure that adequate and effective inventory management processes and procedures are put in place.
Receivables management: Effectively manage relationships with customers, ensure customer invoices are accurate and timely, customer reconciliations are done promptly and debt collection is optimal always.
Balance sheet reconciliations: Ensuring balance sheet account reconciliations (including bank reconciliation) are performed monthly and are accurate and up to date.
Payables management: Ensure adequate systems are put in place to ensure project companies effectively manage their accounts payables and procurement policies are adhered to.
Confidentiality: Secure the company’s financial information and documents and ensure confidentiality.
Key Competencies:
Advanced numeracy and analytical skills
Good planning and organization skills.
Attention to detail, accuracy and pride in work, problem analysis and problem-solving skills.
Good interpersonal and communication skills at all levels
Commercially astute, articulate, technically strong, dynamic, insightful and influential leader with the ability to operate at both strategic and operational levels. Academic and Professional Qualifications
Relevant university degree (Accounting, Finance, Business Management or related field).
Professional accounting qualification (CA, ACCA, CPA, CIMA or equivalent). Membership of good standing of a professional body.
Experienced Finance Manager, with 5+ years’ post-qualification experience, preferably within the FMCG industry.
Experience with preparation of management accounts, financial reports and budgeting/ forecasting.
Experience in managing, coaching and building high-quality finance team.
Job Requirements
Required education
: Bachelor's degree
Required relevant work experience
: 3 years
Required languages:
English (Spoken: fluent | Written: fluent)
Mandatory attachments
Please have a scan or photo of these documents ready when you start the application:
Self-prepared CV file
- the employer wants to see a CV that you have prepared yourself
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