Head of Finance - Nakuru, Kenya - Gilani's Distributors

Description

ABOUT THE COMPANY

Gilani's Distributors is a dominance in the distribution sector and is well known and respected. This is evidenced by the increased presence of our trucks ferrying goods on roads throughout the Rift Valley, Central, Nairobi, Nyanza, Mombasa Coastal region and the Western corridor of Kenya.

JOB SUMMARY

The Head of Finance is responsible for overseeing all financial aspects of the company's operations. He /She plays a crucial role in developing and implementing financial strategies, ensuring compliance with regulatory requirements, and providing accurate and timely financial information to support decision-making processes. He /She is responsible for leading the company's finance professionals and also working closely with other departments to drive financial performance and growth

RESPONSIBILITIES

1. Financial Strategy and Planning:
• Develop and implement the company's financial strategy in alignment with its overall business objectives.
• Conduct financial analysis, forecasting, and budgeting to support strategic decision-making.
• Identify areas for cost reduction, revenue enhancement, and operational efficiency improvement.2. Financial Reporting and Analysis:
• Prepare and present accurate financial statements, reports, and analysis to the management team, board of directors, and stakeholders.
• Monitor and analyze financial performance, identifying trends, risks, and opportunities.
• Ensure compliance with accounting principles, regulations, and local statutory requirements.3. Cash Flow Management:
• Oversee cash flow planning and ensure availability of funds for day-to-day operations.
• Implement effective working capital management practices, including monitoring receivables, payables, and inventory levels.
• Develop and maintain relationships with banks and financial institutions to optimize financing options.4. Risk Management:
• Identify and mitigate financial risks through robust internal controls and risk management processes.
• Monitor market conditions and economic factors that may impact the company's financial performance.
• Implement strategies to manage foreign currency exchange risks, interest rate risks, and other financial exposures.5. Team Leadership and Development:
• Lead and mentor the finance team, fostering a culture of continuous learning and professional growth.
• Set performance objectives, conduct regular performance reviews, and provide coaching and feedback.
• Foster effective cross-functional collaboration with other departments to achieve company goals.6. Audit and Compliance:
• Coordinate and manage the external audit process, ensuring compliance with auditing standards and regulations.
• Maintain strong internal controls and ensure adherence to company policies and procedures.
• Liaise with external stakeholders, including auditors, tax authorities, and regulatory bodies.7. Systems and Technology:
• Evaluate and implement financial systems and technology solutions to improve efficiency and accuracy.
• Stay updated with emerging trends and best practices in financial management and reporting.

REQUIRED SKILLS

Risk management, Budgeting, financial planning, Reporting, Accounting, Auditing of accounts, Compliance, Financial analysis, Internal control, Financial controlling

REQUIRED EDUCATION

Bachelor's degree