Finance Manager at SOS Children's Villages
Finance Manager
- Job TypeFull Time
- QualificationBA/BSc/HND , MBA/MSc/MA
- Experience10 years
- LocationNairobi
- Job FieldFinance / Accounting / Audit
Position Summary:
The Finance Manager is a key member of the Senior Management Team responsible for the day to day accounting and financial management of the organisation. This position reports directly to the National Director and supervises a team of 10 coworkers. The Finance Manager is also responsible for reporting on the financial performance to management and the Audit & Finance Committee of the Board of Trustees.
Key Performance Areas and Main Responsibilities:
Strategy
- Actively engage and contribute to the review of the SOS CV KE and finance strategy, policy and approach within the organization.
- Ensure that the appropriate vision and processes are in place to ensure the long-term financial viability of the organization, and provide sound financial advice to Management and Trustees .
- Ensure the organization is aware of its accountability to its stakeholders and that all relationships are managed, monitored and considered in the development of the organization.
- Finance Policies, Procedures and Processes
- As custodian of finance policies and processes and standard operating procedures manuals. Maintain a documented system of accounting policies and procedures.
- Ensure appropriate risk management techniques and financial controls are embedded throughout the organization at strategic and operational levels.
- Develop and implement goals, policies, priorities, and procedures relating to financial management, budget, accounting, and/or payroll.
- Establish system controls for new financial systems and develops procedures to improve existing systems.
- Ensure compliance with donor grant agreements and policies and provide support during proposal formulation
Fund Management
- Work with the senior management team and the trustees to determine the organization’s most sustainable funding structure and participate in fund raising initiatives.
- Forecast cash flow positions, related operational needs, and available funds, and ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
- Invest funds in line with approved investment policy.
Budgeting
- Lead the budgeting process, ensuring strong processes are in place for resource allocation and performance monitoring at all levels.
- With the various senior managers develop departmental budgets, schedule expenditure, analyze variances and take corrective actions to address variances.
- Report to management on variances from the established budget, and the reasons for those variances
Financial Analysis
- Direct the installation and maintenance of accounting records to show receipts and expenditures
- Drive the maintenance of general and subsidiary ledgers, accounts receivable, accounts payable revenue distribution, depreciation, cost, property, and operating expenses.
- Supervise and participate in the preparation of various financial statements and reports, including statements and reports of estimated future costs and revenues.
- Interpret the organization’s financial results to management and recommend improvement activities
- Review bottlenecks and recommend changes to improve the overall level of throughput.
Audit, Risk & Compliance
- Ensures adherence to policies, procedures and statutory guidelines.
- Facilitate statutory and internal audits. Coordinate preparation of external audit materials and external financial reporting.
- Lead the process and confirm that corrective and preventative actions identified by audit, risk and compliance reviews; investigations or other assessment mechanisms are undertaken within the agreed time frame.
Management of the Finance Function
- Mentor and coach staff to build their capacity.
- Drive performance to ensure superior levels of performance are maintained. Recognize strong performance and institute corrective action where performance is below par. Proactively manage poor performance.
- Fully responsible and accountable for the finance department budget.
- Prepare and circulate monthly departmental dashboard reports to relevant stakeholders to facilitate informed and sound decision making. Trends, insights, concerns and recommendations clearly elaborated.
- Prepare Board papers as and when required.
Formal Qualifications & Experience Requirements
- A Bachelor’s degree in finance or accounting, from a recognized institution of higher learning.
- Must be a CPA-K holder and must be a member of ICPAK or other relevant body and in good standing
- A Masters level qualification will be an added advantage.
- A minimum of 10 years working experience with progressive responsibility for finance in a medium or large organization, preferably in the I NGO sector with at least 5 years in a senior management /leadership position.
- A solid understanding of accounting principles, IFRS-(International Financial Reporting Standards) and working knowledge of all statutory legislation and regulations pertaining to finance.
- Proficient user of D365 and MS Office productivity tools – especially advanced Excel
- Extensive understanding of financial trends both within the organization and general market
- Must have no criminal record and a demonstrated understanding of children’s issues and rights.
- Strong people engagement and influencing skills with the ability to build relationships, communicate, present, negotiate and resolve conflict
- Analytical – synthesizes complex or diverse information; collects and researches data; uses intuition and experience to complement data; designs work flows and procedures.
- Experienced leader of diverse people and processes with the ability to lead, develop and direct team members to deliver to high performance targets and standards.
- A demonstrated adaptability to drive change and transformation.
- Able to work under pressure, with strong organizational, planning, prioritization and execution skills and the ability take accountability for results and achievement of objectives.
- Enthusiastic, decisive, pragmatic and dynamic hands-on individual with a sense of urgency, attention to detail, thoroughness and unquestionable integrity.
- Commitment to the mission and values of SOS Children's Villages Kenya, with a dedication to making a positive impact on the lives of children and families
Method of Application
If you believe your experience, competencies, and qualifications match the job and role specifications described; send a Cover Letter & updated CV in PDF with details of 3 traceable referees one of which must be an immediate former employer to recruitment@soskenya.org addressed to the Human Resources and Administration Manager to reach us on or before 13th October 2024.
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