TUoM
Technical University of Mombasa Enterprise Limited
Finance Officer at Technical University of Mombasa Enterprise Limited
KenyaFull TimeMid-Senior Level
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Technical University of Mombasa Enterprise Limited
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Key Responsibilities
Leading and coordinating the operations of the Finance Department;
Preparation of monthly, quarterly reports and financial statements in accordance with applicable accounting standards and regulatory requirements for submission on or before the statutory deadline;
Develop, implement, and ensure compliance with internal financial and accounting policies and procedures;
Preparing and coordinating the Company's annual budgets, financial forecasts and cash-flow projections;
Monitoring the Company's financial performance, revenue, expenditure, cash flows and working capital;
Ensuring timely preparation of statutory and tax returns and compliance with applicable laws and regulatory requirements;
Ensuring all payments are correctly authorized, recorded, and paid;
Ensuring monthly reconciliation of all bank accounts is done;
Ensuring all financial transactions are correctly recorded in the Enterprise Resource Planning accounting system
Manage the cash flow and prepare cash flow forecasts in accordance with the policy;
Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll;
Update the Board and Management regarding changes in legislation or regulations that may affect the Enterprise's business operations;
Provide financial analysis and advice to Management and the Board to support strategic and operational decision-making;
Advise senior management on all situations which have the potential for a negative impact on internal controls or financial performance;
Ensure statutory deductions and other remittances are executed on time;
Develop and maintain an enterprise financial risk management framework;
Establish and continuously improve internal financial controls and fraud prevention mechanisms:
Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate;
Ensure up-to-date company asset records and insurance cover;
Facilitate internal and external audits and implement recommendations of audit management letters and accounting, systems and compliance audits;
Ensure participation of Finance Department staff in continual training programs and career advancement;
Support the implementation of TUMEL's Strategic Plan through financial planning and performance monitoring;
Develop and monitor departmental Key Performance Indicators (KPIs);
Evaluate investment opportunities and prepare financial viability analyses for new business ventures;
Evaluate staff in the Finance Department to ensure adherence to the performance targets; and
Perform any such other duties as may be assigned or delegated by the Managing Director.
**person Specification **
**For appointment to this position, a candidate must: **
Possess a Bachelor's Degree in Accounting/Finance OR equivalent from a recognized University.
Have served for a minimum of 5 years in the field of Accounting and Finance.
Be a CPA (K) or equivalent and be a member of the Institute of Certified Public Accountants (ICPAK) in Good Standing and have a Valid practicing license. Have working experience using ERP systems such as Odoo, SAP, Oracle, Microsoft Dynamics, ERPNext, or similar.
Advanced MS Excel skill