Finance and Procurement Manager

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.

• 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