Mgr Finance

ESSENTIAL DUTIES:

• Advisor to the DBF on GAAP matters.

• Lead Finance and General Ledger team to conduct monthly, quarterly and year-end closing, and ensure the accuracy and efficiency of both US Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards (IFRS).

• Coordinate monthly closing and reporting processes efficiently with all sub-ledger function team.

• Production and analysis of the monthly/quarterly financial reports.

• Prepare the accounting close for the Company, which includes review and posting of general journal entries and preparation of account and balance sheet reconciliations and financial analysis.

• Effective management of costs and budget.

• Assist in the annual budgeting process for corporate operating unit and assist in quarterly reviews. Review budget/forecast analysis and trend.

• Preparation of the annual audit with the external auditors and provide all necessary supports in form of schedules and documentation as may be required by them from time to time. 

• Leadership of the design and adoption of accounting policies, procedures, and controls.

• Coordinate the local Sox and FCPA audit and ensure all supporting documentations are provided to the Company’s internal auditors; Maintain internal control documentation and checklists to comply with the Sarbanes Oxley Act.

• Work with key stakeholders and departments (e.g. Legal, Power, Operations, Supply Chain, Sales and Marketing) to identify and research complex accounting issues; present conclusion arrived in US Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards (IFRS) both in writing and verbally to internal and external audiences.

• Exhibit broad business experience with an emphasis on understanding US Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards (IFRS) or real estate finance, specifically straight-line (normalized rent) accounting methods.

• Build and manage accurate financial models including evaluation of returns on proposed business with new customers or upgrade to existing customer’s business and report to management on the viability or otherwise of the business proposal; ensure executive-level presentations and databases using MS Excel, PowerPoint, ERP Systems (specifically Oracle R12, and TM1).

• Prepare the Company’s annual financial statements applying the provisions of the International Financial Reporting Standards (IFRSs).

• Remain current regarding all accounting developments relevant to the Company's financial reporting and managing the implementation of any new pronouncements. Support (as required) the Company with accounting policy analysis and advice.

• Review the Companies Income Tax and Deferred Taxation estimate prepared by the Tax Manager before posting into the accounting system.

• Assess the Company’s asset impairment at least on an annual basis and advise the financial controller including the senior management team on necessary steps based on result.

• Review Company’s liquidity position and advise management on the usage of Free Cash at her disposal i.e. Short-Term Deposit with commercial banks with reasonable interest rate.

• Understand, manage, and supervise all aspects of cash flow, review forecasted weekly/monthly cash requirements and execute management financing decisions.

• Evaluate, develop and implement cash management systems to optimize efficiencies. Evaluate alternative long-term borrowing strategies and make recommendations to Financial Controller including Senior Management Team.

• Manage relationships with financial service providers (i.e. banks), review all bank service fees (including monthly bank charges, Letter of Credit Commission, interest income, Withholding Tax credit notes etc.) and ensure variances from expectation are addressed by the bank.

• Support building strong controllership processes/ strengthening internal controls. Identify gaps in various processes (Account Payable, Account Receivables, Capital Expenditure, Supply Chain, Property/Lease, Asset Management etc.).

• Supervise and manage the performance of Fixed Asset Accountant and Financial Analyst. 

• Review the fixed asset functions to ensure all assets capitalization are done in line with the provision of US Generally Accepted Accounting Principles (US GAAP) and International Financial Reporting Standards (IFRS); correct recording of newly-acquired assets (tangible and intangible); ensure the various reasonableness test required to test accuracy of tangible and intangible assets are done on regular basis; 

• Review reconciliation of the balance in the fixed asset register to the summary-level account in the general ledger.

• Review the bank reconciliation statements to ensure all items are captured correctly; ensure the financial analyst understand the Company’s bank reconciliation process based on the accounting package; review all journals raised to ensure correctness; check the weekly forecast for accuracy of underlying data.

• Provide any other support and analysis as may be required by the corporate team.

GENERAL RESPONSIBILITIES: 

• The employee shall comply with the provisions of health, safety and environment legislation in Kenya, and shall also comply with ATC Kenya’s policies and procedures including occupational health and safety and wellness policies, and any modifications to any policy that may be introduced from time to time.

• All employees must live ATCs Core Principles and work proactively in a customer-related way in accordance with adopted procedures and best practice.

• To work co-operatively with colleagues and external stakeholders to promote ATC Kenya’s overall business objectives.

• To ensure that confidentiality is respected and maintained always.

• To perform any other duty as directed by line management.

SUPERVISORY RESPONSIBILITIES:

• Supervise and manage the performance of the following:

  • Financial Accountant

• Proactively identify and resolve personnel issues in conjunction with Human Resources.

• Recruit, develop and retain staff, partnering with Executive Management and Human Resources. This includes on-boarding and orientation for new hires in the Finance team.

• Provide disciplined performance management for team. Define and communicate annual goals, perform formal and informal performance reviews, and ensure changes and updates are communicated in a timely and professional manner.

• Create strong collaborative team environment.

FUNCTIONAL KNOWLEDGE AND COMPENTENCIES

• Excellent computer skills including Microsoft Office suite, particularly Microsoft Excel and PowerPoint.

• Creative and analytical thinker.

• Self-motivated, able to work in a team and independently.

• Ability to work in a high volume, fast paced environment.

• Detail oriented and able to multitask, meet deadlines and adjust to changing priorities

• Excellent organizational skills.

• Excellent written and oral communication skills.

• Ability to communicate clearly and concisely with all levels of the organization, including senior management.

• Strong interpersonal skills.

• Excellent follow up skills.

• The incumbent must be flexible as there may be occasions that require working beyond the standard working week to ensure the positions expectations and responsibilities are met.

EDUCATION AND EXPERIENCE 

• Degree in Finance or related field.

• Member of a professional accountant body preferred.

• At least seven (7) years of experience in finance, accounting, reporting, business planning and financial analysis.

• In-depth knowledge of relevant computer programs like Oracle and Microsoft Excel preferred, math and organization skills, attention to detail.

• Skills such as strategy, Analysis, problem solving, Audit mindset, people management, communication, proactive, resilience and tenacity are highly required.

• Good accounting knowledge of income statement, balance sheet and statement of cash flows required.