Finance Manager at Inkomoko

Inkomoko

  • Kenya
  • Permanent
  • Full-time
  • 1 month ago
ResponsibilitiesFINANCE & REPORTING (50%)
  • 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
COMPLIANCE & REGULATION (20%)
  • 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
CASH & ASSET MANAGEMENT (10%)
  • 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
TEAM ADMINISTRATION & LEADERSHIP (20%)
  • 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.
Minimum QualificationsSuccessful candidates will have both technical skills in finance, plus alignment with company vision and values. Successful candidates must navigate fast-paced environments with enthusiasm and incredible attention to details. Minimum qualifications include:
  • 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.
What You’ll GetThis role is a tremendous opportunity to work in a high-growth, mission-driven organization. Our compensation includes both a great culture and a competitive market-based package, including:
  • 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.
Don't Keep Share!:Method of ApplicationClosing Date : 19 March. 2024

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