Finance Manager, VisionFund Kenya at World Vision Kenya

Key Responsibilities of Finance Manager

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 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; 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/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.

Ideal Finance Manager Candidate Profile

Educational Requirements of Finance Manager:

• Bachelor’s Degree in Economics, Accounting, Finance or Business administration or Equivalent qualification. A Master’s Degree will be desirable
• Holder of CPA (K) or ACCA qualifications.
• A minimum of 6 years of relevant experience, with at least 1 years in a Senior Leadership role in Microfinance, Retail Banking, or Enterprise Lending

Key Competencies of a Finance Manager:

• In-depth knowledge of banking principles, MFI industry practices, and current trends in microfinance and finance. Finance certifications and practicing licenses will be desirable.
• Strong leadership capabilities with a proven track record of driving performance and motivating teams.
• Excellent communication, negotiation, and interpersonal skills; adept at business development and stakeholder management.
• Proven high performance in similar roles, with a strong emphasis on growth, results, and team motivation.
• Demonstrated ability to act as a change agent, driving operational improvements and organizational growth.
• High ethical standards and commitment to personal and organizational integrity.
• He/she should have proficiency in Microsoft Office Suite (especially Excel), and familiarity with accounting software (e.g. QuickBooks, SAP).
• Strong analytical and problem-solving skills or abilities.
• Determined personality with initiative, perseverance, and the ability to motivate and manage a team
• Capability and willingness to take responsibility and highly developed sense of rectitude
• Ready to comply and live up to and in accordance with the organization’s Ideals and Core Values