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Wednesday, February 15, 2017

Assistant Finance Manager Vacancy in Nairobi Kenya

Job Profile: Assistant Finance Manager
Location: Nairobi
Supervised By: Finance Manager
Job Purpose: Our client, has a reputable chain of 5 star hotels in Kenya, they are looking for an experienced Assistant Finance Manager.
As Assistant Finance Manager, you will ensure the accuracy of stocks, accounts payable, prepayments, and creditor/accruals accounting records and provide periodic reports to the Finance department.
Specifically, He/She will be responsible for performing the following KRA’s to the highest standards:
Key Result Areas
  • Assist the Finance Manager by providing full and accurate forecasting and budgeting proposals within the hotel and in other areas where required.
  • Provide timely and accurate financial statements.
  • Ensure all financial regulations are met, through the maintenance of adequate systems of internal control.
  • Assist the Finance Manager in preparing capital reviews as required by the General/Hotel Manager and/or accountancy and Finance department.
  • Train and develop the Finance Team Members and ensure succession plans are in place.
  • Develop financial awareness of different hotel and resort management teams
  • Ensure timely preparation of payroll and reports to ensure payments to associates
  • Monitors all taxes that apply, ensuring that taxes are current, deducted, collected and/or accrued. Ensure timely remittances to the relevant tax office(s).
  • In consultation with Finance Manager, coordinate compliance of internal control and embrace recommendations from internal and external auditors.
  • Support Managers with costing process
  • Manage foreign accounts and ensure that foreign currency holding levels are maintained at an optimal standard that enables the company to meet spending commitments.
  • Implement performance standards for departmental staff
  • Maintain relationships with the company’s banks, suppliers and other service providers so as to ensure that the company receives timely, quality and cost efficient services at all times.
  • Analyse variances, explore potential problems with Department Heads and identify solutions.
Key Performance Indicators  
  • Timely and accurate generation of key reports for the GM in consultation with Finance Manager in compliance with the reporting calendar.
  • Business has sufficient cash to meet its obligations, at all times and excess cash invested profitably.
    Bank relations managed efficaciously.
  • Accurate and up-to-date accounting records that comply with set accounting standards as prescribed by management,
  • Realistic budgets compiled and budget variance monitored to ensure that (unapproved) variance is maintained under approved levels.
  • Cost reduction targets met and/or exceeded
  • Financial systems work efficiently and support information management, communication and reporting.
  • Management accounts prepared and analysed for the management team on monthly basis
  • Costing templates prepared for new and existing products
Job Specifications
  • Degree in accounting or financial management.
  • CPA (K) or the equivalent
  • 5 year experience in Finance and accounting
  • 2 years’ experience from the hospitality industry
  • Knowledge of tax laws and regulations
  • Experience in planning, budgeting and costing
  • Experience with Oracle hospitality systems (Opera, MC, Sun, etc) is a must.
  • Financial planning and management
  • Financial accounting
  • Development of policies and procedures
  • Budgeting and budgetary control
  • Decision making skills
  • Problem solving skills
  • Costing and reporting skills
  • Strong analytical skills
  • Honest and reliable
  • Work organisation and co-ordination skills
  • Staff management, development and discipline skills
How to Apply
Applications quoting the position title with detailed CV, with contact details of 3 referees including their email addresses (1 of which should be your immediate supervisor, 1 former supervisor and 1 any other not relatives) should be submitted to:  on or before 24th February 2017.

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