Finance and Procurement Manager at Janta Kenya

Job Description

To provide strategic leadership and management in planning, organizing, executing and reporting on all financial and procurement activities and transactions of the company.

Key Responsibilities

Financial Planning and Analysis

• Budgeting: Developing and managing the organization’s budget, ensuring alignment with strategic goals.
• Financial Forecasting: Analysing the financial trends and making forecasts to aid in decision-making
• Financial Reporting: Preparing and presenting financial reports to senior management, stakeholders and regulatory bodies.

Procurement

• Sourcing and Supplier Management: Identifying, evaluating and managing relationships with suppliers to ensure quality, cost-effective procurement of goods and services.
• Contract Negotiation: Negotiating contracts with vendors to secure favourable terms and conditions.
• Purchase Order Management: Overseeing the creation, approval, and tracking of purchase orders, ensuring compliance with organizational policies.

Risk Management

• Financial Risk Assessment: Identifying financial risks related to investments, procurement, and other financial activities, and developing strategies to mitigating them.
• Compliance: Ensuring compliance with financial regulations, procurement policies, and internal controls to avoid legal and financial penalties

Cost Control & Optimization

• Expense Monitoring: Tracking and managing organizational spending to ensure it stays within budgetary limits.
• Cost-Benefit Analysis: Conducting analyses to evaluate the financial viability of projects and procurement activities

Cash-Flow Management

• Liquidity Management: Managing cash flow to ensure the organization has sufficient liquidity to meet its obligations.
• Accounts Payable and Receivable: Overseeing the processes for paying suppliers and collecting payments from customers.

Strategic Planning

• Financial Strategy Development: Contribute to the development of long-term financial strategies that align with the organization’s goals.
• Investment Planning: Evaluate potential investment opportunities and provide recommendations to optimize the organization’s financial portfolio

Team Leadership and Development

• Team Management: Lead and manage the finance and procurement teams, providing guidance, training, and performance evaluations.
• Process Improvement: Continuously evaluate and improve financial and procurement processes to enhance efficiency and effectiveness.

Stakeholder Communication

• Internal Collaboration: Working closely with other departments to ensure financial and procurement activities align with operational needs.
• External Reporting: Communicating financial and procurement information to external stakeholders, including investors, auditors, and regulatory bodies.

Skill & Experience

• Bachelor’s degree in finance, Accounting, or a related field. A master’s degree in finance or an MBA is a plus.
• CPA (K) certification is mandatory. Membership in ICPAK is required.
• 7 years’ experience with financial and procurement management preferably in the Manufacturing industry.
• Strong knowledge of IFRS, Kenyan tax laws, and financial regulations. Proficiency in ERP systems and advanced Excel skills.
• Demonstrated practical experience and understanding of statutory compliance including VAT, WHT, income tax, and other import and export taxes