Head of Finance

KEY RESPONSIBILITIES

• Work closely with the executive team to provide strategic leadership in all financial matters.
• Formulate financial targets and budgets in accordance to the strategy determined by the Governing Council and monthly review of the same with budget holders.
• Responsible for management of the capital expenditure budget to ensure high rate of return in investment.
• Oversee treasury management to optimize cash flow and working capital.
• Lead the negotiation of all financial contracts on behalf of the institute to get the best value in money.
• Responsible for continuous review of internal controls and ensure adherence to mitigate any risks that may arise.
• Ensure the institution complies with the statutory requirement like Tax, SHA, NSSF and audits to avoid penalties from regulators.
• Secretary to the Finance and Investment Committee of the Governing Council responsible for taking meetings.
• Oversee implementation of Governing Council resolutions in Finance Department to ensure compliance.
• Serve as the first signatory of all institute bank’s accounts to ensure accuracy of all payments before the final signatory.
• Develop and train staff to ensure proper succession planning and availability of optimum skills.

KEY PERFORMANCE INDICATORS

• Achievement of Profit Margin set
• Timely preparation of Budget
• Achievement of the set Budget
• Sound working capital
• Fixed assets safe custody
• Ensure statutory compliance
• Real time Financial reporting
• Availability and optimal utilisation of resources

COMPETENCIES

• Finance strategy development
• Financial Accounting
• Management Accounting
• Reporting
• Taxation
• Reconciliation
• Budget and Planning
• Stakeholder relationship Management
• Computer Literacy
• International Financial Reporting Standards (IFRS)

KNOWLEDGE & EXPERIENCE REQUIRED

• Master’s Degree on a relevant field from a recognized institution.
• Ten (10) years of relevant work experience
• Be a CPA finalist and a registered Member of ICPAK