Finance Jobs In Kenya

Finance Jobs In Kenya

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Job Overview

We are looking for a highly skilled and experienced Finance Manager to lead and oversee the organization's financial activities. The successful candidate will be responsible for managing accounting functions, tax compliance, payroll administration, financial reporting, budgeting, risk management, and regulatory compliance. This position plays a critical role in ensuring the financial health and stability of the organization by providing accurate financial information, maintaining strong internal controls, and supporting strategic decision-making.

The ideal candidate should possess strong analytical and leadership skills, with a proven ability to manage financial operations effectively. In addition, the candidate should have extensive experience in accounting, taxation, payroll management, and financial reporting. A minimum of six to seven years of relevant professional experience is required, including experience in a supervisory or managerial role.

Key Duties and Responsibilities

The Finance Manager will be responsible for a wide range of financial and administrative functions, including but not limited to the following:

1. Financial Planning and Management

The Finance Manager will oversee the organization's overall financial management activities to ensure sustainable growth and profitability.

Key responsibilities include:

• Preparing monthly, quarterly, and annual financial statements.

• Reviewing financial reports to ensure accuracy and completeness.

• Monitoring company revenues, expenditures, and cash flow positions.

• Developing budgets and financial forecasts to support business planning.

• Analyzing financial performance and identifying areas for improvement.

• Providing management with financial insights and recommendations to support strategic decisions.

• Ensuring effective utilization of financial resources.

• Establishing and maintaining sound financial policies and procedures.

• Supporting long-term financial planning and organizational growth initiatives.

2. Financial Reporting and Analysis

Accurate financial reporting is essential for informed decision-making and regulatory compliance. The Finance Manager will ensure timely preparation and presentation of financial reports.

Responsibilities include:

• Preparing management accounts and periodic financial reports.

• Conducting financial analysis to evaluate organizational performance.

• Interpreting financial data and presenting findings to senior management.

• Identifying trends, opportunities, and potential financial risks.

• Supporting management in developing financial strategies based on reliable data.

• Ensuring all reports comply with applicable accounting standards and company requirements.

3. Tax Management and Statutory Compliance

The Finance Manager will ensure that the organization complies with all tax laws and statutory obligations while minimizing compliance risks.

Key responsibilities include:

• Managing all tax-related matters within the organization.

• Ensuring compliance with VAT, PAYE, Corporate Tax, Withholding Tax, and other applicable taxes.

• Preparing and submitting tax returns accurately and within statutory deadlines.

• Monitoring changes in tax regulations and advising management on their impact.

• Maintaining proper records to support tax filings and audits.

• Coordinating responses to tax audits, reviews, and inspections.

• Liaising with tax authorities and external consultants when required.

• Advising management on tax planning opportunities and potential risks.

• Ensuring timely payment of taxes and statutory deductions.

4. Accounting Operations

The Finance Manager will oversee daily accounting activities to ensure accurate recording and reporting of financial transactions.

Responsibilities include:

• Managing the general ledger and ensuring all transactions are properly recorded.

• Supervising accounts payable and accounts receivable functions.

• Reviewing reconciliations for bank accounts, supplier accounts, and customer accounts.

• Ensuring accuracy and completeness of accounting records.

• Monitoring financial transactions and maintaining proper documentation.

• Ensuring compliance with International Financial Reporting Standards (IFRS) and other applicable regulations.

• Improving accounting processes to enhance efficiency and accuracy.

• Supporting month-end and year-end closing activities.

5. Payroll Administration

The Finance Manager will oversee payroll processes to ensure employees are paid accurately and on time.

Key duties include:

• Managing the entire payroll cycle from preparation to payment.

• Verifying employee salary information and payroll data.

• Ensuring accurate calculation of salaries, benefits, allowances, overtime, and statutory deductions.

• Maintaining payroll records and supporting documentation.

• Ensuring compliance with labor laws and payroll-related regulations.

• Reviewing payroll reports for accuracy before processing payments.

• Addressing payroll inquiries and resolving discrepancies promptly.

• Coordinating with Human Resources and other departments on payroll matters.

6. Risk Management and Internal Controls

A key responsibility of the Finance Manager is to safeguard company assets through effective risk management and internal control systems.

Responsibilities include:

• Designing and implementing internal control procedures.

• Monitoring compliance with financial policies and procedures.

• Identifying financial and operational risks affecting the organization.

• Developing strategies to minimize and manage identified risks.

• Conducting periodic reviews of internal controls to ensure effectiveness.

• Ensuring adequate safeguards are in place to prevent fraud and financial irregularities.

• Promoting accountability and transparency across financial operations.

• Supporting continuous improvement initiatives within the finance department.

7. Audit Coordination and Regulatory Compliance

The Finance Manager will act as the primary contact for auditors and regulatory bodies regarding financial matters.

Responsibilities include:

• Coordinating external and internal audit processes.

• Preparing financial records and supporting documents for audit reviews.

• Responding to audit findings and implementing corrective actions.

• Ensuring compliance with legal, regulatory, and company requirements.

• Maintaining up-to-date financial records for regulatory inspections.

• Supporting management in implementing audit recommendations.

• Ensuring financial practices align with corporate governance standards.

Qualifications and Educational Requirements

Candidates applying for this position should possess the following qualifications:

• Bachelor's Degree in Finance, Accounting, Commerce, Business Administration, or a related field.

• Professional accounting qualification such as CPA (K), ACCA, or an equivalent certification.

• Additional finance or management certifications will be an added advantage.

Experience Requirements

Applicants should demonstrate the following experience:

• A minimum of six to seven years of progressive experience in finance, accounting, taxation, or related disciplines.

• At least two years of experience in a supervisory or management-level role.

• Proven experience managing financial reporting processes.

• Strong background in taxation and statutory compliance.

• Practical experience in payroll administration and financial controls.

• Experience working with audits and regulatory compliance requirements.

• Demonstrated ability to lead finance teams and manage multiple priorities effectively.

Skills and Competencies

The successful candidate should possess the following skills:

• Strong financial analysis and problem-solving abilities.

• Excellent knowledge of accounting principles and financial reporting standards.

• Comprehensive understanding of tax laws and statutory requirements.

• Strong payroll management expertise.

• High level of accuracy and attention to detail.

• Excellent communication and interpersonal skills.

• Strong leadership and team management capabilities.

• Ability to work under pressure and meet strict deadlines.

• Advanced Microsoft Excel skills for financial analysis and reporting.

• Proficiency in accounting software and Enterprise Resource Planning (ERP) systems.

• Strong organizational and time management skills.

• Ability to maintain confidentiality when handling sensitive financial information.

Expected Outcomes

The Finance Manager will be expected to:

1. Ensure accurate and timely financial reporting.

2. Maintain full compliance with tax and statutory requirements.

3. Improve financial controls and operational efficiency.

4. Support strategic decision-making through quality financial analysis.

5. Ensure accurate payroll processing and employee compensation.

6. Minimize financial risks through effective monitoring and control systems.

7. Strengthen the organization's overall financial management framework.

This role offers an excellent opportunity for an experienced finance professional to contribute significantly to the organization's financial success while supporting long-term business growth and sustainability.

Method of Application

Interested and qualified? Go to Reeds Africa Consult on reedsafricaconsult.com to apply