Finance Manager at Inkomoko
Inkomoko
- Kenya
- Permanent
- Full-time
- Oversee overall company finance operations, and liaise with group-level management for consolidation and consistency
- Prepare monthly and annual financial statements (P&L, Balance sheet, cash flow, Budget performance report) incompliance with International Financial Reporting Standards (IFRS) for reporting and consolidation across the group
- Provide the support and information required for preparation of Funder reports
- Perform financial management duties including review of financial data, reporting, and assessing the financial health of country-wide operations
- Review general ledger transactions on a monthly basis to ensure completeness, cut off, occurrence and accuracy of recorded transactions.
- Ensure the loan transactions are appropriately captured including but not limited to disbursements, repayments, interest accrual and computation of expected credit losses
- Conduct a month-end closing process, and ensure all accounts are reconciled
- Supervise AR/AP staff to ensure client billing and payments are timely processed.
- Supervise AR/AP staff to ensure that suppliers provide all supporting documents and procurement policy complied with in all purchases.
- Prepare annual financial statements following the end of each financial year.
- Advise the procurement team to ensure both value for money and tax compliance in the various purchases.
- Review and process payroll payments on a monthly basis
- Ensure all in country clients and supplier contracts are properly managed
- Ensure compliance with tax, banking, and other regulatory requirements
- Enforce company fiscal policies across all areas of operation
- Maintain all internal controls and elevate any deviations therewith to the Finance Director/CFO.
- Regularly update the Financial Director and CFO of any new or change in laws and regulations affecting the company's operations.
- Ensure financial transactions are accounted for in accordance with company's policies and IFRS
- Be the lead in-country person for the annual statutory, tax and regulator audits
- Prepare cost estimates for funds required by the company on a monthly basis and the actual usage of funds.
- Participate in the budgeting process and ensure that the company budget is monitored throughout the year.
- Ensure assets are recorded with completeness, tagged, regularly updated with disposals and acquisition and depreciation is run regularly
- Work with the Loan/Treasury manager and Banking & Cash Associate to advise on investment, banking, and cash management
- Supervise all in-country finance staff, including hiring/discipling, setting annual goals, capacity building
- Ensure department efficiency, and propose group-wide areas for continual improvement
- Liaise with cross-functional teams (IT, investment, BGS, MEL, etc) to provide excellent customer service, increase effectiveness, and ensure they understand finance policies and processes and comply with them.
- Provide support to the Finance colleagues, Managing Director, or CEO/COO
- Benchmarking exercises to keep at par with the best practices within the fintech and industry standards.
- University degree (BA or Masters) in accounting, finance, or related field
- Professional qualification (CPA or ACCA) is required
- At least 10 years of work experience in accounting and finance or other relevant field
- At least 3 years managing a Finance Department.
- Fintech experience preferred
- Skilled in the use of Microsoft Word, Excel, and financial modeling/budgeting
- Skills in using accounting softwares, Odoo preferred
- Technical competence and experience applying IFRS
- Excellent knowledge of Country's applicable tax, legal & regulatory framework
- Ability to assess risks and exercise reasonable judgment in making decisions.
- Analytical and financial reporting skills
- Ability to meet deadlines and work independently with the highest personal integrity
- English and Country's national language fluency required.
- Incredible company culture, including deep investment in your learning and growth, and a commitment to inclusion and diversity
- Opportunity to work with a talented, passionate, and committed team of professionals across the region
- Ability to make a significant social impact and contribute to economic growth
- Competitive salary, and potential KPI-based bonus
- Favorable policies like health insurance, staff savings program, parental leave, sabbatical program, and more.
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