Finance Vacancies Kenya
Job Title: Director, Finance, Investment & Planning
Reports to: Chief Executive Officer
Job Summary: The job holder is responsible for providing leadership in the formulation and execution of the strategy process with specific focus on financial operations, investments, reporting and growth to support the achievement of the corporation’s strategic objectives.
Key Responsibilities
Strategic
- Facilitate the development and implementation of strategic initiatives to enable the Group meet its strategic objectives and enhance shareholder value.
- Institute tracking processes and provide the requisite support to enable business and support units keep performance on track.
- Champion the performance management process to ensure that it is effective in measuring Group and individual performance and achieving organisational objectives.
- Provide strategic leadership and expertise in the development of revenue generating strategies for the Corporation
- Monitor business performance, new or existing regulatory requirements and their impact on the organisation’s operations, market competitor analysis, and business risks.
- Represent the organisation with major stakeholders, deepening and cultivating new and existing business relationships.
- Ensure the appropriateness of the key assumptions included in the strategic plans and annual budget proposals; and provide advice to senior management colleagues on these matters.
- Work closely with the Leadership Team as part of supporting the senior management team, advising them on the likely financial consequences of all proposed courses of action.
- Participate in meetings of departmental heads as necessary.
Management duties
- Responsible for staff in the division and for overseeing smooth running of their sections.
- Staff development, monitoring performance and approving staff administrative procedures.
- Prepares the budget for the department and ensure effective monitoring and management of costs.
Financial Management
- Develop and implement strategy, structures, policies, tools, processes and procedures that ensure internal efficiencies, and effective preparation and dissemination of financial information for management decision making and regulatory & statutory reporting purposes.
- Responsible for the preparation and presentation of annual budgets, financial plans and strategies, investment performance and continuous monitoring of the same.
- Ensure timely preparation and delivery of financial information to key stakeholders such as Senior Management, Board, Regulators and Members.
- Develop Budget Strategy and link to corporate strategy and verify the consolidated budget.
- Monitor effective implementation of financial and accounting strategies.
- Review, evaluate and recommend improvements to the financial control systems and procedures.
Investment Management
- Support the overall management of the investment programs including the establishment and review of investment goals.
- Manage investment funds; establish performance goals, allocate resources, and assess policies in order to make recommendations to senior management, and Board.
- Monitor/evaluate portfolios by communicating with external Fund Managers, developing manager reports, as well as assessing manager roles and their adherence to the investment strategies.
- Evaluate investment strategies/processes and make recommendations for adjustments to achieve long-term goals including fund selection and asset allocation.
- Direct internal investment research activities; evaluate existing and prospective investment managers, capital markets and other related investment topics from quantitative and qualitative perspectives.
- Review reports and provide concise analyses for Senior Management and Board’s review.
- Develop, recommend and assist in implementing strategies for long-range financial stability and improved efficiencies.
Planning, Research and Quality Assurance
- Drive the formation of a strategic culture necessary to enable the organisation achieve its goals and objectives.
- Provide strategic leadership in identifying and addressing issues that could have a major impact on performance.
- Lead the planning process and implementation of corporate plans and strategies.
- Conduct, organize and execute necessary research to collect relevant information that supports key decision making.
- Lead research and develop insights, both quantitative and qualitative, analyse data to develop an understanding of the business environment.
Academic and Professional Qualifications
- Undergraduate degree in Finance related discipline.
- Master’s degree (or MBA) in Commerce, Accounting, Finance or Tax or closely related field is an added advantage.
- Fully qualified Accountant with CPA/ACCA/CA.
- Must be a Member of ICPAK
Experience
- At least ten years’ experience with five years’ experience in a senior management role
- Knowledge in Financial budgetary and accounting systems.
- Practical experience in use of relevant MS Office applications.
- Good understanding of taxation laws
Additional Skills and Requirements
- Leadership skills
- Strong strategic and commercial awareness
- Exceptional planning, organisational and analytical skills
- Ability to maintain positive stakeholder relations
- Ability to manage staff
- Decision making skills
- Proper understanding of Pension Rules and Regulations
- Proper understanding of the Procurement Act and Regulations
- Ability to effectively monitor costs
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