Head of Finance at Kenya Institute of Management KIM in Nairobi, Kenya

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    Head of Finance

    Kenya Institute of Management KIMNairobi, Kenya

    Posted

    1 week ago

    Apply by

    28 Aug

    Full Time
    On Site
    Senior
    Education & Training
    Accounting, Auditing & Finance

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    Job Description

    The Head of Finance will provide strategic leadership in all financial matters, working closely with the executive team. Responsibilities include formulating financial targets and budgets, managing capital expenditure, overseeing treasury management, and ensuring statutory compliance. The role also involves leading financial contract negotiations, reviewing internal controls, and serving as secretary to the Finance and Investment Committee.

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

    Required Qualifications

    • 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.

    Job Details

    Job Function

    Accounting, Auditing & Finance

    Minimum Experience

    10 years

    Education Level

    Master’s Degree

    Area of Study

    Finance

    Field of Study

    Finance

    Additional Information

    How to Apply: Interested and qualified? Go to Kenya Institute of Management (KIM) on docs.google.com to apply.

    Mastering the Finance Leadership Interview

    This role demands a blend of strategic vision and hands-on financial control. Be ready to discuss how you've driven profitability, managed budgets, and ensured compliance in previous roles.

    1. Show strategic impact: Highlight specific examples where your financial leadership directly influenced company strategy or improved profitability. Quantify results where possible.

    2. Demonstrate compliance expertise: Be prepared to discuss your experience with statutory requirements like Tax, SHA, NSSF, and audits. Show that you understand the regulatory landscape in Kenya.

    3. Prepare for technical questions: Expect deep dives into IFRS, financial reporting, and management accounting. Refresh your knowledge on the latest standards.

    4. Emphasize team development: This role includes training and succession planning. Share examples of how you've mentored and developed your finance team.

    5. Show stakeholder management: As secretary to the Finance and Investment Committee, you'll interact with the Governing Council. Highlight your experience presenting to boards or committees.

    6. Discuss treasury management: Be ready to talk about how you've optimized cash flow and working capital in past roles. Provide concrete examples.

    7. Highlight negotiation skills: The role involves negotiating financial contracts. Share a successful negotiation story that resulted in cost savings or better terms.

    8. Align with the institute's mission: Show that you understand the education sector and the unique financial challenges of a management institute. Tailor your answers to show you're invested in their mission.

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    Tags

    CPA
    ICPAK
    IFRS
    Financial Management
    Strategic Leadership