Finance Manager at Centum

Job Summary

• The role holder will be responsible for management of financial reporting, financial operations, and compliance for Jafari Credit Limited.

Principle Accountabilities:

Management of the loan book

•  Oversee posting of loan transactions in the accounting software.
•  Ensure the processing of loan disbursement requests for new loans;
•  Manage the loan receivables process by ensuring adherence to the company’s credit policy-daily/weekly tracking and reporting of receivables and computation of IFRS 9 provisions; and
•  Aid in the development of debt collection policies, manage debt collectors and other stakeholders in line with debt collection practices.

Budgeting and Forecasting

•  Prepare annual budgets for Jafari Credit Limited; and
•  Prepare forecasts for the company with accompanying analysis and commentary of the forecasts against budgets, strategy, and prior year.

Management accounting and reporting

•  Completion of monthly finance close procedures and reporting of financial results;
•  Preparation of monthly performance reports for the Company with accompanying analysis and commentary of the performance against budgets, strategy, and prior year;
•  Preparation of monthly balance sheet reconciliations and the necessary journal entry adjustments;
•  Analyzing complex financial data and actively recommending corrective actions as necessary; and
•  Assist in the ad-hoc financial analysis and preparation of technical papers as and when requested.

Statutory reporting

•  Preparation of statutory financial statements in accordance with IFRS and applicable local regulations;
•  Preparation of company financial analysis and commentary for the Board; and
•  Support the external auditors during the statutory audit and ensure timely completion of the statutory audit process.

Treasury Management

•  Regular assessment of the company’s liquidity needs and ensure accounts are funded to meet obligations;
•  Accurate and timely preparation of short- and medium-term cash flow forecasts including analysis of bank balances and preparation of the weekly and ad hoc cash position reports; and
•  Liaising with bankers on the operation of the Company’s bank accounts.

Finance Operations

•  Developing and implementing sound accounting policies & processes;
•  Ensure procurement is done per the procurement policy;
•  Regular review and validation of the General Ledger, oversee receivables processing, payables processing, payroll processing, bank reconciliations and other finance operational procedures.
•  Lead customization and integration efforts to make accounting and supporting systems fit for purpose in relation to the business needs.
•  Monthly tax filing, including preparation of tax schedules for filing of taxes, ensuring timely tax payments and proper tax accounting.

Risk Management & Internal Audit

•  Work closely with the Risk department and Business unit leaders in identifying key risks facing the business and update the risk register on an ongoing basis; and
•  Internal Audit support including provision of information during audits and implementation of recommendations therefrom.

Minimum Requirements

•  Bachelor’s degree in Business Administration, Commerce, Accounting, or a business-related field.
•  CPA(K) or equivalent qualification is mandatory.
•  A member of ICPAK, ACCA or similar association.
•  Minimum of 5 years’ managerial experience in financial services.
•  In-depth understanding of International Financial Reporting Standards (IFRS) and tax regulations.
•  Aptitude for numbers and quantitative skills.
•  Advanced MS Excel skills with superior analytical skills.
•  Hands-on experience with accounting software like SAP will be an added advantage.