Finance Manager

Job Purpose

To provide strategic leadership and oversight of the company's financial management by planning, directing, and controlling all financial operations, ensuring effective financial stewardship, statutory compliance, robust internal controls, and the long-term financial sustainability and profitability of Beachfront Vipingo.

Duties and Responsibilities

• Develop, implement, and monitor the company's annual budgets, forecasts, and financial plans to support strategic and operational objectives.
• Prepare accurate and timely financial statements, management accounts, and other financial reports for Management and the Board of Directors.
• Manage the company's cash flow, working capital, banking relationships, and liquidity to ensure financial stability and operational efficiency.
• Oversee payroll processing and ensure the accurate and timely payment of salaries, statutory deductions, and employee benefits.
• Monitor and control operational costs by implementing effective budgeting, expenditure controls, and cost optimization initiatives.
• Oversee procurement-related financial processes to ensure compliance with approved budgets, company policies, and value-for-money principles.
• Manage the company's assets by maintaining accurate asset registers, overseeing asset valuation, and safeguarding organizational resources.
• Establish, implement, and monitor effective internal financial controls, accounting systems, and risk management measures to safeguard company assets.
• Ensure compliance with all statutory financial obligations, including taxation, financial reporting standards, and other regulatory requirements.
• Coordinate internal and external audits by facilitating audit processes, addressing audit findings, and implementing corrective actions where necessary.
• Perform any other duties as may be assigned by the General Manager from time to time.

Key Performance Indicators (KPIs)

• Budget Variance maintained within approved limits.
• Positive cash flow and effective working capital management.
• Cost control achieved within approved expenditure thresholds.
• Compliance with internal and external audit requirements with minimal or no audit findings.
• Timely collection of receivables and maintenance of acceptable Accounts Receivable Days.
• Accuracy and integrity of inventory records and asset registers.

Required Education, Skills and Experience

• Bachelor's Degree in Finance, Accounting, Commerce, Business Administration (Finance/Accounting Option), or a related field from a recognized institution.
• Certified Public Accountant of Kenya (CPA(K)), ACCA or relevant professional qualification.
• Minimum of Seven (7) years' relevant experience in financial management in the hospitality industry.
• Strong financial management, budgeting, financial reporting, taxation, cash flow management, analytical, leadership, communication, problem-solving, and decision-making skills.
• Proficiency in accounting software, ERP systems, and Microsoft Office applications, particularly Microsoft Excel.
• Membership in a relevant professional body.