Finance Manager at Reeds Africa Consult

Job Description

Strategic Financial Management

• Lead the development and implementation of financial strategies aligned with the company’s business objectives.
• Advise the General Manager and Board on key financial decisions and risks.
• Oversee cash flow planning to meet operational and capital needs.
• Monitor and evaluate business performance against budget, forecasts, and KPIs.

Financial Control and Reporting

• Supervise timely and accurate preparation of monthly, quarterly, and annual financial statements:Profit and Loss Account, Statement of Financial Position, Cash Flow Statement
• Ensure compliance with, tax laws, and statutory regulations.
• Lead month-end and year-end close processes, ensuring adherence to reporting deadlines.
• Prepare quarterly financial reviews for strategic decision-making.
• Maintain and continuously improve internal financial controls and policies.
• Oversee timely completion of external and internal audits.

 Financial Analysis and Forecasting

• Conduct variance analysis and interpret financial trends to inform business strategy.
• Create and manage budgets in collaboration with departmental heads.
• Develop financial models and performance reports to support decision-making.
• Provide weekly internal audit and financial health updates to management.
• Maintain and present cash flow forecasts and working capital analysis.

Expense and Petty Cash Management

• Supervise management of business running expenses through petty cash utilization.
• Ensure accountability, documentation, and timely replenishment of petty cash.
• Regularly audit petty cash usage and reconcile balances.

Accounts Payable Oversight

• Supervise processing of purchase invoices, payment runs, salary advances, and statutory returns.
• Review and approve VAT calculations and payroll processing.
• Ensure banking, reconciliation of payments, and documentation is accurate and timely.
• Review and validate the following reports by the 5th of each month:Payables Aging Report, Monthly VAT Report, Financial Statement Package, Financial Analysis Commentary

Accounts Receivable Oversight

• Ensure daily bank reconciliation and accuracy of accounts receivable records.
• Supervise debt follow-up.
• Oversee issuance and validation of invoices, delivery notes, and system entries.
• Approve monthly reports including:Bank Reconciliation, Debtors Aging Report (Highlighting risks and bad debts)
• Provide leadership in credit control and review of dormant customer accounts.
• Approve reconciliations of daily counter sales and customer payments.

Fixed Assets and Compliance

• Maintain the Fixed Assets Register and conduct periodic verification.
• Ensure tax filings, statutory payments, and other compliance obligations are met on time.
• Liaise with legal and regulatory authorities during audits and inspections.

Job Requirements

Qualifications & Experience

• Bachelor’s degree in Finance, Accounting, or related field;
• CPA (K) / ACCA is mandatory.
• Minimum 7 years of progressively responsible financial management experience.
• Strong experience in AP, AR, financial reporting, compliance, and forecasting.
• Experience managing accounting teams and coordinating audits.
• Knowledge of Kenyan tax laws and financial reporting standards.
• Advanced financial modeling, reporting, and analytical skills.
• Strong understanding of accounting systems and ERP platforms.
• Excellent leadership, supervisory, and communication skills.
• High integrity, attention to detail, and strategic financial thinking.
• Sound judgment, problem-solving, and decision-making skills