Finance Manager-Accounting

General information

Join our  CFAO MOBILITY Division !

                           

 

MEETING THE MOBILITY NEEDS OF BUSINESS & INDIVIDUALS

Comprising the most extensive vehicle retail network in Africa, we provide all mobility-related sectors with a multi-brand offer, partnering with global automotive manufacturers : sales of new and used vehicles, short or long-term rentals, fleet management and maintenance. 

Our Offer includes the complete automotive offering , including, two-wheelers, marine engines, coaches, lorries, handling equipment, tyres and spare parts. Our production and assembly sites in Africa are a shining example of our commitment to actively support industrialisation in the region and creating an affordable offer. 

 

We looking for a Finance Manager-Accounting   based : Kenya

 

Job Description :

 

The Finance Manager follow and oversee the employees responsible for

  • Treasury activities, payment, reconciliation invoice receipting, prepayment process & control, and prepare expenses claims. Being the first point of contact for any queries that require resolution.
  • Supplier management , including the on time in payments as per contract, supplier reconciliation and balance sheet validation for all accounts
  • Credit Management -Provide guidance to the team to ensure on time collection, credit policy adherence and relationship management both internal and external
  • Reporting -Ensure reports are done on time and accurately to both internal and external stakeholders

 

 

 

Profil Request :

 

Managerial Responsibilities:

  • Develop the finance strategy for approval, to ensure the operations of the department support the implementation of the overall CFAO Mobility business strategy.
  • Allocate work to the department staff and monitor performance to ensure high performance by individual staff and consequently, by the department.
  • Develop & update Finance delegation of authority document to ensure full compliance with the CFAO Mobility guidelines on financial management.
  • Discuss audit action plans for the implementation of audit recommendation with respective teams to ensure the implementation meets the set timelines and quality standards.
  • Conduct monthly follow ups on PACI based on the Plan Do Check Action (PDCA) recommended for implementation.

Operational Responsibilities:

 

  • Team Leadership: Prepare and lead the Treasury team's actions to ensure that funds are collected and allocated in accordance with group and company policies and procedures.
  • Efficiency and Growth: Oversee treasury functions to maximize efficiency, profitability, and long-term growth of the company.
  • Hedging: Implement hedging strategies, such as forward contracts or options, to lock in exchange rates for future transactions and protect against unfavourable fluctuations.
  • Establish a reporting framework to provide management with regular updates on forex positions, exposures, and the effectiveness of hedging strategies.
  • Banking Relationships: Advise on policy regarding relationships with bankers, specifically concerning foreign exchange transactions.
  • Petty Cash Management: Approve petty cash disbursements in a timely manner to enhance business operations efficiency.
  • Ensure that cashiers adhere to compliance standards and rectify any identified issues promptly.
  • Bank Reconciliation: Review bank reconciliations to ensure there are no ageing transactions.
  • Reporting: Ensure timely and accurate reporting in HFM by the treasury team, meeting set targets and providing essential financial insights for decision-making.
  • Authorization: Implement a structured authorization process for invoice approvals, requiring signoffs from appropriate managers or department heads as per company policy.
  • Segregation of Duties: Ensure segregation of duties in the approval process to prevent conflicts of interest and reduce the risk of errors or fraud.
  • Payment Scheduling: Develop a schedule for timely processing of payments, ensuring payments are made in accordance with agreed-upon terms and optimizing cash flow management.
  • Account Reconciliation: Regularly reconcile vendor accounts to ensure all transactions are accurately recorded and discrepancies are promptly addressed.
  • Vendor Communication: Establish clear communication channels with vendors to address inquiries, resolve issues, and maintain positive relationships.
  • Policy Definition: Define, promote, and enhance the company’s credit policy, ensuring it supports overall business objectives