HEAD OF FINANCE

Location
Nairobi, Kenya
Salary
200,001 - 250,000
Posted
12 Feb 2019
Closes
12 Feb 2019
Job role
Head of finance
Reporting to the Managing Director the Head of Finance will be responsible for the overall management of Finance Department
  • Minimum Qualification: Bachelor
  • Experience Level: Senior level
  • Experience Length: 10 years


Job Description

The Numerical Machining Complex is a Public Sector entity under the Ministry of Industry, Trade and Cooperatives (MITC). It was incorporated on 4th January 1994 as a limited liability Company with the mandate of steel production, engineering design, development and production of machinery and components.

The Company is currently seeking to recruit exceptional persons to be part of the Senior Leadership Team responsible for the actualization of the revised NMC strategic plan 2018-2022. The new business direction is premised on the NMC role to catalyze industrialization in line with the Vision 2030 goals and to implement manufacturing, a core mandate to the achievement of the Big Four Government of Kenya Initiatives.

1. HEAD OF FINANCE

Reporting to the Managing Director the Head of Finance will be responsible for the overall management of Finance Department

Other Responsibility

• Manage financial resources effectively and efficiently through review development and implementation of dynamic strategy, policies and plans of activity based budgets and implementation of strict budgetary control measures

• Manage daily financial transactions and ensure that they are carried out in accordance with acceptable accounting standards

• Manage preparation of financial and management reports as may be required

• Budget preparation and monitoring for the department

• Develop, review and interpret financial policies, regulations, strategies and procedures

• Develop and ensure the maintenance of internal control and accounting systems

• Ensure compliance with the International Financial Reporting Standards and Public Finance management Act 2012

• Coordinate overall budget preparation for recurrent and development expenditure at the Company including annual estimates

• Prepare, review and interpret financial reports and statements

• Undertake strategic financial analysis of the company's business

• Control income, cash flow and expenditure

• Analyze financial performance and advise on the financial implications of business decisions

• Monitor and evaluate financial information systems and recommend improvements

• Mobilize financial resources in liaison with departments and other agencies for the company's projects

• Implement Corporate Governance procedures, risk management and internal controls

• Oversee departmental staff training and development and performance management;

• Mentoring and coaching staff and ensuring prudent allocation and utilization of resources

Person Specifications

• Be a holder of Bachelors / Masters Degree in any of the following fields:- Commerce (Finance/Accounting Option), Finance, Economics, Business Administration (Finance Option) or,

• Possesses Professional qualifications; CPA-K, and be an active member of ICPAK, Certificate in leadership course from recognised company

• A minimum of 10 years professional experience 5 years of which must have been at middle management level with the responsibility of management and oversight of multiple finance functions i.e. budgeting and costing, cash and bank/revenue, accounts payable, accounts receivable, non-current assets.

• Should have a Certificate in Leadership/Management Course from recognized Institution

• Proven ability and professional competence in Accounting and Finance management in a manufacturing or production environment.

• Be familiar with performance development and measurement systems

• Knowledge of IFRSs, ISAs and PFM Act 2012

• Be a person of high integrity and openness combined with commitment to good governance.

How to Apply?

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