Finance Manager; Internal Auditor; Operations Manager

Fountain Enterprises Programme

Job Title: Finance Manager
 

Section / Department: Holdings
 

Job Category: Job Group “F”
 

Reports To: Group Finance Manager

Location / Branch: Nairobi, Kenya 

Main Purpose of the Job: To oversee overall Management of financial and accounting systems, controls standards, policies and practices of the company and assigned SBU’s. 

Main Responsibilities

• Oversees the continuous preparation of timely financial management reports for the decision making and drawing attention to matters affecting or likely to affect the various areas of the business.
• Establishes, review and implement existing financial management policies and procedures and ensure full implementation and compliance by all staff
• Directs and ensures maintenance and accuracy of general and subsidiary ledgers, accounts receivable, revenue distribution, receipts and expenditures, depreciation, cost, property, and operating expenses.
• Ensures adherence to effective and efficient credit management system
• Ensures effective cash flow management for Divisional SBU’s in liaison with SBU accountants
• Ensures timely preparation of books of accounts for statutory Audit and liaises with the internal and external auditors
• Continuously designs and maintains comprehensive internal controls to ensure best practice and compliance with GAAP and applicable laws and rules for financial and tax reporting.
• Ensures preparation of all accounting reconciliations and ensures the relevant adjustments are raised
• Ensures all statutory compliance with the relevant authorities such as NSSF, NHIF, PAYE, VAT, instalment & Corporation Taxes and the management of other statutory commitments.
• Ensure effective controls on project funding by reviewing projects budgets, accounting for disbursements, and overall project cost management
• Ensures scheduling of stock take exercises reviews stock valuation reports.
• Coordinates annual budgeting excise for the division and ensure budgetary monitoring and control.
• Oversees custody of the Divisional asset registers and ensures that all assets of the company are insured.
• Liaises with the financiers and ensures all bank facilities are promptly serviced.
• Perform other related tasks as assigned.

Key Deliverables of this position

• Effective management of finances, cash flow management, credit management procurement processes, ledger accounts
• Accuracy and timely preparation of Budgets, effective budgetary controls and financial reports
• Implementation and review of internal controls mechanisms to ensure best practice (cost, inventories, assets etc).
• Professional relationship with internal and external stakeholders including auditors, KRA, bankers, employees, customers, suppliers and other stakeholders.

Direct Reports (Jobs reporting to this position): Divisional Accountants, Unit accountants(For the specific SBU’s)

Key Interfaces
 

Internal

• Board
• All staff

External

• Suppliers
• Auditors

Academic Qualification

• Degree in Business or related field
• CPA (K) or its equivalent

Professional Skills

• Presentation Skills
• Reporting and Communication Skills

Job / Functional Skills

• Numerical excellence
• Attention to detail
• Statutory Compliance
• Audit Exposure

Relevant Experience

• At least 5 years of relevant experience

Job Title: Internal Auditor
 

Section / Department: Internal Audit
 

Job Category: Job Group “D”
 

Reports To: Group Audit, Risk and Compliance Manager

Location / Branch: Nairobi, Kenya 

Main Purpose of the Job: Ensure that the company and all its subsidiaries comply with the laid down internal procedures and the legal provisions required.

Main Responsibilities

• Carrying out independent assessment of business and operational risks
• Assist in developing and implementing audit plans, programs and tests.
• Reviewing existing internal control systems and procedures
• Assisting in ensuring efficient use and accounting for company assets and safeguarding against loss.
• Assist in assessing whether all the business units within the group comply with group policies and procedures.
• Assist in assessing whether all the business units within the group comply with various government legislations and laws that regulate the respective businesses.
• Prepare audit findings on all observations for review by Group Audit, Risk and Compliance manager and address all review questions.
• Participate in assets count and verification
• Maintain audit working papers and risk based audit test for each assignment.
• Conduct system documentation for each business cycle.
• Test adequacy and effectiveness of systems in place.
• Carry out investigations as directed by Group Audit, Risk and Compliance Manager
• Conduct ad hoc assignments
• Perform other related tasks as assigned.

2 or 3 Key Deliverables of this position

• Preparation of Risk Register
• Preparation of Audit reports
• Monitoring of implementation of audit recommendations
• Reporting on compliance to standards and statutory regulations by all SBUs

Key Interfaces

Internal

• Board
• All staff

Academic Qualification

• Masters in Accounting, Audit or Finance
• CPA (K) or its equivalent

Professional Skills

• Four (4) years of verifiable experience internal audit and compliance
• Experience in internal controls

Job / Functional Skills

• Numerical skills
• Analytical
• Reporting

Relevant Experience

• At least 4 years of relevant experience

Job Title: Operations Manager
 

Section / Department: Fountain Micro Finance Bank (In Formation)
 

Job Category: Job Group “F”
 

Reports To: General Manager

Location / Branch: Nairobi, Kenya

Job Summary: To oversee the day to day operations of the microfinance operations and managing the bank’s operations team to deliver effective financial services to clients. 

Main Responsibilities

• Initiate process and quality reviews and contribute to plans that deliver process improvements ensuring effective implementation and ultimately improved productivity
• Contribute to the development and implementation of credit policy which provides suitable protection and facilitates business growth and asset distribution.
• Monitor and report on the implementation of loan policies and procedures; evaluate loan vetting structures and enforce credit standards according to company goals and policies.
• Direct and guide all operational procedures and controls through the development and implementation of procedures and controls to promote communication and adequate information flow, and thereby manage operational risk and solidify management control and the direction of the business unit.
• Improvement in operating procedures to increase profits and/or make the business unit more efficient
• Developing strategies and implementation plans to improve and standardize all aspects of operations
• Lead and manage the team to deliver a culture that supports and contributes to the achievement of financial objectives of the business and meets service standards.
• Support the Regional managers’ efforts to increase employee productivity by assisting to coordinate and manage the activities in Business Finance and assist to develop and implement strategies for increasing growth.
• Produce timely, detailed management reports as needed for monitoring and management of all business finance operations
• Management of registry and archives
• Perform other related duties as assigned.

2 or 3 Key Deliverables of this position

• Smooth and efficient operations for the micro finance bank.
• Effective use of the resources and capacities available.

Direct Reports: Marketing Officers, Credit Officers, and Relationship Officer ICT Officer, and Customer Service Officer, Corporate bankers.

Internal Key Interfaces

• Staff
• Customers

External Key Interfaces

• Service providers

Academic Qualification

• A Business related Degree or equivalent, a masters will be an added advantage.
• CPA (K) or its equivalent

Professional Skills

• Presentation Skills
• Reporting and Communication Skills

Job / Functional Skills

• Multi-tasking skills
• Sound Financial skills

Relevant Experience

• At least 5 years of relevant experience in a Senior Management role and dynamic team.

How to Apply

Applications should be sent to recruitment@fep-group.com not later than Wednesday 28th October, 2015 COB. 

Applicants are requested to state on their application, their current/Most recent and expected salary.

Categories: AUDIT, BUSINESS ADMINISTRATION, FINANCE, OPERATIONS