Financial Job at Ramco Group
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Nairobi, Kenya
Job summary
Financial Controller at Ramco Group
About this role
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ROLE CAUSE:
The function holder has average duty to the Chief Executive Officer in overseeing and coping with the financial and industrial systems and operations of the agency. This consists of obligation for monetary operations, financial regulations and methods, threat control, treasury control, monetary regulatory and reporting, business enterprise commercials, economic internal controls & monitoring, budgeting and forecasting of the commercial enterprise in accordance with the enterprise approach.
KEY DUTIES (KEY RESULT AREAS)
INTERNAL CONTROLS:
Opinions and develops commercial enterprise tactics that make certain integrity of reporting.
Lead the system in growing, developing and or offering and implementing inventory control structures and controls.
Allows sub ledger balancing techniques and controls to make sure the integrity of recording at sub ledger stage.
Oversees and evaluations month-to-month bank reconciliations of all balance sheet bills.
Actively participates and coordinates the activities within the department throughout audits and guarantees timely resolution of all raised audit queries.
CASHFLOW CONTROL & SHORT-TIME PERIOD INVESTMENT REQUIREMENTS:
Prepares and shares with the CEO and directors 12 month rolling cash forecasts to manipulate liquidity of the company.
Video display units cashflow to decide any expected cashflow constraints in order to inform the CEO and Vertical leader monetary Officer or designee.
Coordinates networking capital control initiatives to make sure coins go with the flow goals are met for all commercial enterprise lines inside the organization such as stock.
PROFITABILITY & MARGIN MANAGEMENT:
Prepares normal monthly specific evaluation of employer and or business unit profitability, highlighting to the CEO and directors areas that require cognizance and interest.
Leads improvement of and drives implementation of initiatives and movement plans to improve gross margin and commercial enterprise performance.
Leads in practise and presentation of designated cost analysis including plant overall performance and productivity measures:
Manufacturing unit prices
Bargain structures
Warehousing and distribution
Overheads
Manufacturing facility OEE's and or other plant overall performance tracking measures.
Reviews and analyses warehousing and logistics charges so one can featuring regions of price improvement.
Examine, assessment and put together reports on product class and purchaser profitability for presentation to the CEO and administrators.
PRODUCT COSTING:
Accumulating and reading statistics about the organisation's operational prices in order to ensuring accuracy of product costing.
CAPITAL EXPENDITURE PLANNING & EVALUATION:
Overview and coordinate with the CEO the capital expenditure budget for the agency and or commercial enterprise unit.
Prepare enterprise cases analysis on investments to allow control make suitable and knowledgeable choices.
INVENTORY CONTROL:
Recommend, expand and put in force strategies and controls to manipulate inventory and stock movements.
In Liaison with the shops manager and production manager evaluation and determine the correct and best stock stage and variety.
In liaison with the shops manager and materials procurement team, determine the optimum order amount and re-order stages.
Endorse or develop and enforce an stock growing old analysis gadget and file for presentation to management as and whilst required.
Make provisions and propose writing off of slow transferring and obsolete stocks (stock impairments) to the CEO and administrators.
DEBTORS CONTROL:
In liaison with the group credit score control group coordinate debt collections and follow-u.s.to make certain collections is inside agreed timeframes and credit score terms.
Evaluate, screen and file on awful and doubtful money owed to the CEO and directors. Make tips and proposal on follow up plans or closure of the debts.
COSTING CONTROL:
In liaison with the vendors and suppliers make certain that uncooked material costs are updated on a monthly basis.
Evaluation the market and analyse to test on the validity of product costings.
Evaluate and or take a look at product and/or cloth costings to make sure internet off. This should in which relevant be for the employer or the distinctive web sites if a organisation has numerous websites.
MONTH CESE REPORTING AND CLOSURE:
Installed region month-quit methods to satisfy the reporting necessities based at the agreed standards and timelines.
Make sure a full and everyday reconciliation of all balance sheet debts.
Overview the teams work and approve the month end entries and provisions.
Make certain control debts are finished accurately and presented as according to the agreed and set timelines.
BUSINESS UNIT/ORGANIZATION COINS MANAGEMENT:
Prepare cash forecasting reports to enable management make choices about sports inclusive of funding, capital expenditure and investments.
Manipulate and oversee quick term liquidity necessities.
TAX/VAT & OTHER STATUTORY REQUIREMENTS:
Liaise with HO to tune and make certain all statutory necessities are introduced accurately and on time.
BUDGETING AND FORECASTING:
Coordinate and compile the employer's/enterprise Unit budgets, which includes capital expenditure budgets as well as financial statements.
Prepare and finalize the price range financial statements and targets.
Compile and whole regular up to date forecasts as required with the aid of the CEO and administrators and or organization.
Control and oversee short time period liquidity necessities.
FIXED ASSET MANAGEMENT:
Hold and oversee the constant assets sign in.
Calculate and system all required depreciation entries.
Maintain suitable statistics for deferred tax calculations.
Lead and coordinate the annual physical property verification exercising and impairment exercise.
BUSINESS CONTROL:
Take lead on the procurement feature and liaise often with the uncooked cloth making plans and production planning groups in order to plan for procurement.
Hold a near tune of pending buy bookings and ordinary comply with ups.
Location import orders each month for quantities required based totally on forecast overview conferences with the CEO/GM, production making plans and or production manager, and sales crew wherein required.
Take duty in liaison with the CEO/GM to approve buy orders after reviewing all of the required documentation.
Keep a grasp position of all supplier info and items.
LOGISTICS:
Approve import buy orders, IDF's and process all required insurance programs.
Method and approve import responsibility payments via on line banking and or different structures.
System and approve transporter charges and proving freight bill amount for customers.
Hold statistics and preserve tune of cargo, LC and other overseas supplier payments.
Take a look at and overview LC programs before they may be authorized and signed off with the aid of the CEO and or Director.
Manner and approve import files which have/are being despatched for clearance.
Ensure import costings are in order and as deliberate.
Authorize and or create new gadgets and oversee changing of techniques.
DEPARTMENTAL HUMAN RESOURCES & OVERALL PERFORMANCE EVALUATION:
Supervise, teach and train other employees inside the department on financial topics.
Ensuring that worker performance goals are really described for all task roles in the team and that all body of workers members are evaluated against agreed overall performance objectives at pre-defined durations set by using HR to drive development at character and group level as well as improvement on overall performance.
In liaison with HR, help increase at the activity education programs and participate in habitual refresher trainings to make certain continuous improvement/competency.
Assessment and behavior appraisal sessions with all production sectional heads and any other direct reports as scheduled and make certain the sectional heads conduct performance appraisals of their team members as in keeping with scheduled.
Evaluate and assess all appraisal reviews and in liaison with the HR branch and CEO advocate and or endorse observe up movement plans based on the overall performance attained by every employee.
DEPARTMENTAL HUMAN RESOURCES RESPONSIBILITY:
Work with HR branch to expand abilities and talents education desires of production personnel to assist higher perform of their jobs.
Pick out the capabilities and experience required for the branch and in liaison with HR expand the departments abilities matrix and evaluation the manpower planning reports on annual basis and or as while required for approval by means of the CEO.
Take lead in overview and backbone of the great expertise to be engaged for the branch throughout the recruitment procedure.
Take lead in overview and backbone of disciplinary subjects of team of workers with the aid and path of the HR branch.
DEPARTMENTAL FITNESS, SAFETY & ENVIRONMENTAL CONTROL:
Supervise to make sure the finance places of work are easy and any firefighting system in the workplace isn't always blocked.
Take lead in liaison with the HR department and the HSE Officer to expand a way of life that ensures healthful, safety and work environment topics within the department is a manner of life and now not just compliance to statutory necessities.
BRANCH FINANCIAL MANAGEMENT:
Lead the department to analyze and provide strategic suggestions on commercial enterprise operations, revenue and expenditure developments, economic commitments and future revenues and maintain answers to business and monetary problems through leading the Implementation of improvements needed to fulfil the business enterprise's strategic objectives.
CRITICAL QUALIFICATIONS:
Degree in Finance and or Economics and or associated Accounting field and or Chartered Accountant/ ACCA/ CIMA or equivalent.
Must have know-how in use of a enterprise software/ ERP device (those with SAP could have an brought gain).
Practical running enjoy information in setting up and overseeing inner controls.
Understanding of ISO management structures might be an introduced benefit.
REQUIRED EXPERIENCE
Minimal 10 years' experience main the finance function in a big multicultural corporation with established tune document of monetary strategy implementation and economic prudence.
ATTRIBUTES FOR THE FUNCTION:
Must own a strong financial commercial enterprise acumen and have c-suite and key stakeholder communication/control enjoy.
Tested track report of achievements under the key obligations.
Planning and enterprise capabilities to be able run and display the enterprise operations.
Adept at formulating strategies, concepts and handling setbacks and strain.
Adept at courting advent, networking, persuasion and influencing.
The ability to act decisively and supply path on financial related issues and the potential to grasp complex concepts without problems.
Sturdy negotiation competencies and the potential to talk actually and persuasively with the team to fulfill cut-off dates.
A results-driven technique to work and the ability to work in a logical, systematic manner.
Must be capable of articulate and inculcate the organisation's goals with regards to the predicted deliverables from finance branch.
Ought to display the potential to liaise and work with internal & outside auditors, financial institutions and authorities related agencies.
Need to have high degree of integrity and ethical practice.
Have to exhibit potential to perceive potential dangers probably to stand the organisation and make suggestions to mitigate and or avoid the chance.
Should be assertive, proactive and diligent with commitment to the highest standards of carrier transport.
Eye for detail.
Presentable.