Overview
General Manager, Finance
Positions Reporting to Job Title:
Manager, Financial Accounting
Manager, Management Accounting
Manager, Treasury and Investment
Manager, Insurance
Overall Responsibility:
Prudent management of financial resources to achieve set corporate goals and objectives.
Objectives:
Effective cost control
Effective utilization of resources
Timely availability and reliability of financial information
Improved financial productivity ratios
Key Tasks:
Formulating and implementing sound financial strategies, policies, procedures, and systems.
Driving the financial planning of the Company by analyzing its performance and risks
Providing adequate financial resources for business operations.
Advising on investment opportunities that will yield maximum returns.
Managing of the Company’s liquidity, working capital and mitigating on operational and financial risks
Supporting the Board of Directors in strategic stewardship and governance roles
Proactively ensuring that business decisions are grounded on sound financial advice and insights
Compiling and reporting on Company’s statutory financial reports.
Ensuring compliance with financial and accounting standards and regulations.
Coordinating external Audit activities.
Reviewing financial services performance and make recommendations to improve the efficiency and effectiveness
Liaising with government and other stakeholders on finance matters.
Implementing technological innovations for financial management practices.
Implementing effective controls for prudent use of financial resources.
Conducting appraisals on all projects to ensure positive returns on investments.
Ensuring the Company interests are adequately covered through insurance and hedging instruments to minimize exposure to losses.
Ensuring compliance of the Company policies, regulations, standards and procedures to enhance operational efficiency.
Coaching, mentoring and developing the team to ensure optimal performance and effective succession planning.
Preparation of budgets in a timely manner, and detailed variance analysis to be performed on a regular basis.
Responsible for managing and monitoring risk and implementation of mitigation strategies.
Requirements
A minimum period of fifteen (15) years in relevant work experience and at least five (5) years in Senior Management role.
Master’s Degree in Accounting, Finance, Business Administration or equivalent qualifications from a recognized Institution.
Bachelor’s Degree in Economics, Finance, Commerce or any related field.
Certified Public Accountant (CPA) (K) or equivalent qualification by a recognized body.
Member, Institute of Institute of Certified Public Accountants of Kenya (ICPAK) in good standing.
Fulfill the requirements of Chapter Six (6) of the constitution
Certification in Corporate Governance and /or Leadership from a recognised institution
Key Competencies
Understanding of Company business and financial processes
Strong Communication & Negotiation Skills
High levels of Integrity and Ethics
Drive for results and achievement
Analytical and strategic thinker
Creativity and innovation
Commitment to Company Vision and Value
Benefits
Competitive package
MODE OF APPLICATION
Click “APPLY FOR JOB” button above to apply for this job.
About Kenya Power
Kenya Power owns and operates most of the electricity transmission and distribution system in the country and sells electricity to over 4.8 million customers (as at June 29, 2016). The Company’s key mandate is to plan for sufficient electricity generation and transmission capacity to meet demand; building and maintaining the power distribution and transmission network and retailing of electricity to its customers. The Government has a controlling stake at 50.1% of shareholding with private investors at 49.9%. Kenya Power is listed on the Nairobi Securities Exchange. Mission Powering people for better lives. Vision To provide world-class power that delights our customers Core Values Customer First One Team Passion Integrity Excellence Quality Policy We are committed to providing high quality customer service by efficiently transmitting and distributing high quality electricity that is safe, adequate and reliable at cost effective tariffs. The Board, Management and staff of Kenya Power are committed to effective implementation and continual improvement of the Quality Management System that complies with the requirements of ISO 9001:2008 in order to consistently meet its customers and other stakeholder's requirements and expectations.
