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
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