Highlands Mineral Water Company Job Vacancy : Chief Financial Officer

Highlands Mineral Water Company Job Vacancy : Chief Financial Officer

Job description

ROLE OF THE CHIEF FINANCE OFFICER (CFO)

The role of the CFO is integral to the running of a rapidly growing and increasingly complex business. The CFO should be a strategic thinker who understands and interacts with all aspects of the business. The CFO is a principal deputy to the CEO providing financial direction, information and advice. The CFO is also a source of essential information for the Board of Directors.

The CFO’s role is to direct and oversee all of the financial activities, overall financial management and systems, to include the preparation of current financial reports and forecasts for future business growth and oversee accounting, costing, procurement, tax planning as well as develop strategies to maximize return on investment.

PRIMARY RESPONSIBILITIES

Monitoring, Controlling and Reporting
Ensure the timely and accurate preparation of management reports, financial reports, audit, tax returns and reports for Government regulatory agencies
Put the necessary financial plans in place, including budgets and implementing appropriate budgetary controls.
Develop financial models and systems for the specific company business to enable efficient monitoring of costs, business processes and profitability.
Support other cost centers in budgets development.
Prepare cash flow forecasts and analysis, monitor working capital and convey these analyses to the CEO, and FINCO, and recommend on corrective actions where needed
Manage cash balances by initiating/executing appropriate actions including the investment of cash and inter-account transfers.
Drive treasury management activities including foreign currency hedging, cash flow management, the investment of excess cash and management of company borrowings to enable the company to meet its financial obligations at all times.
Oversee the approval and processing of revenue, expenditure, budgets, salary updates, ledger, payroll, account maintenance and data entry
Analyze and review aged accounts, accounts receivable, sales policy compliance, and make recommendations for improvement
Analyze and recommend methods to improve cost effectiveness
Ensure adherence to limits contained in signed agreements with shareholders, financiers, clients and other key partners (e.g. limits for capital investments)
Ensure compliance with local and national regulatory requirements: Check contracts for compliance, inform appropriate personnel about regulatory requirements, and monitor the company’s compliance
Ensure compliance with both local and (where applicable) international accounting principles and the company’s Finance Manual
Present the financial performance reports to the CEO, Board of Directors and FINCO.

Supporting Business

Support the company’s strategic planning and business review process as key member of the leadership team.
Contribute to the achievement of the company objectives by providing advice and guidance on financial strategy
Maintaining relationships with the company’s banks, suppliers and other service providers so as to ensure that the company receives timely, quality and cost efficient services at all times.
Interact with other managers to provide consultative support to planning and forecast initiatives through financial and management information analyses, reports, and recommendations
Provide advice on pricing and capacity management strategy
Participate in developing new business and identify new financing opportunities
Assess the long term financial trends and review prospects for future growth of income and new product areas, and pinpoint potential weak areas
Act as primary liaison with the company secretary.

Overseeing Accounting Systems and Procedures

Continually review and upgrade accounting systems and procedures in line with the company’s operating systems, internal control requirements.
Ensure compliance with taxation laws, including accurate computation, declaration and timely payment.
Oversee the coordination and activities of the external auditor and ensure all audit issues are resolved
Establish and maintain appropriate internal control safeguards
Review and improve finance, accounting, billing, and auditing procedures
Coordinate company insurance, contracts and agreements, and legal areas and activities
With the FINCO develop and implement risk management policies

Managing finance department

Setting and evaluating performance standards for departmental staff.
Manage, motivate, recruit, select and evaluate financial staff
Provide guidance and training to financial staff in order to further improve their overall financial knowledge

WORKING CONDITIONS

The organization is based in the Nyeri County within the former Central Province of Kenya. Working conditions are normal for an office environment. Work requires willingness to work a flexible schedule and possible Saturday commitments.

IMPORTANT

Applicants are required to state their current/ most recent remuneration and expected pay level. Only applications accompanied by a resume/ CV will be considered.

How to Apply

Submit your CV and Application online : Click Here