Finance Manager

Job Summary

The Finance Manager is responsible for overseeing financial operations, strengthening financial systems, ensuring compliance with internal and external policies, managing budgeting and financial reporting processes, and providing strategic financial insights to support organizational decision-making. The role also involves leading the finance team, enhancing internal controls, managing treasury functions, and ensuring effective financial planning and performance monitoring.

Key Responsibilities

Accounting

• Strengthen financial systems to ensure compliance with internal and external policies.
• Ensure timely and accurate financial statements and payments.
• Maintain proper documentation and resolve discrepancies through reconciliations.
• Standardize the presentation of institutional financial data.

Budgeting and Budget Control

• Develop and implement budgeting systems and procedures.
• Support departments in budget preparation and provide financial projections.
• Forecast future financial conditions and provide insights to management.
• Monitor and evaluate performance against budgets and recommend corrective actions.

Financial Analysis and Reporting

• Train staff in financial ratio analysis and benchmarking.
• Analyze performance gaps and financial indicators.
• Prepare timely financial reports for management and stakeholders.

Funds Management, Treasury, and Cash Management

• Prepare weekly cash flow and financial projections.
• Analyze funding options, risks, and asset-liability exposures.
• Recommend treasury risk limits and ensure capital adequacy compliance.
• Utilize scenario planning tools for risk mitigation.

Business Plan Development

• Monitor financial performance in relation to operational and business plans.
• Assist in the preparation and consolidation of head office and branch business plans.
• Ensure delivery and consistency of the annual business plan and monitor performance variance.

Internal Control

• Assess and manage risks in key operational areas.
• Design and implement internal control systems.
• Coordinate with external auditors and apply their recommendations.
• Enhance accounting systems to meet internal control requirements.

Team Supervision

• Lead, supervise, and mentor the finance team to ensure high performance and professional development.
• Set performance goals, conduct evaluations, and provide ongoing feedback.
• Promote a collaborative work environment and build team capacity through training and coaching.

Educational Qualifications

• Bachelor’s Degree in Economics, Accounting, Finance, Business Administration, or equivalent qualification.
• Master’s Degree will be desirable.
• Holder of CPA (K) or ACCA qualifications.

Professional Experience

• Minimum of 6 years of relevant experience.
• At least 1 year of experience in a senior leadership role within Microfinance, Retail Banking, or Enterprise Lending.

Core Professional Skills

• In-depth knowledge of banking principles, MFI industry practices, and current trends in microfinance and finance.
• Strong leadership capabilities with a proven track record of driving performance and motivating teams.
• Excellent communication, negotiation, and interpersonal skills.
• Strong business development and stakeholder management skills.
• Proficiency in Microsoft Office Suite, especially Excel.
• Familiarity with accounting software such as QuickBooks and SAP.
• Strong analytical and problem-solving skills.

Behavioral & Functional Competencies

• Proven ability to drive growth, results, and team motivation.
• Ability to act as a change agent by driving operational improvements and organizational growth.
• High ethical standards and commitment to personal and organizational integrity.
• Determined personality with initiative, perseverance, and the ability to motivate and manage a team.
• Capability and willingness to take responsibility with a highly developed sense of rectitude.
• Ready to comply with and live up to the organization's ideals and core values.

Skills Required:

• Accounting / Finance
• Economics / Statistics