Finance Manager at Finlay (K) Ltd

On Friday, October 18th, 2013
The Organization
Finlays is a vertically integrated and geographically diversified agri-business that takes a leadership role in sustainability. 
The group has established itself as a reliable, responsible, innovative and sustainable producer with a deep knowledge and passion for its products. Sustainability is pivotal to the group’s success and it lies at the heart of what Finlays does and stands for.

Finlays is Kenya’s largest agricultural export group employing over 21,000 people and annually exporting over 300 million stems of flowers, 7 million kilos of vegetables, 26 million kilos of black tea and 3 million kilos of tea extract. 

The organization is geographically located in Nairobi, Naivasha, Kericho, Mt. Kenya and Mombasa and works with 1,200 vegetable out growers and 10,000 tea out growers.
We invite applications for the position of Finance Manager which has arisen in our Tea Extracts division in Kericho.
The Job
Based in Kericho and reporting to the General Manager, the job holder is responsible for finance function for Tea Extracts-Kenya. 
The role supports the divisional General Manager in all financial and reporting aspects of the business, offering appropriate guidance thus enabling effective decision making both locally and at Divisional & Group level. 
The jobholder is expected to work closely with other finance teams within Finlays Kericho.
Key responsibilities include:
  • Overall control of Tea Extracts-Kenya accounting function.
  • Providing the General Manager, operational executives and the board with financial and management information, relevant opinion, reasonable concerns and advice necessary to run the business efficiently and effectively with a view to improving profitability and cash flow.
  • Formulating financial targets & budgets in line with the business strategy
  • Preparing monthly GFR commentary and GFR pack on review of the same and supporting analysis.
  • Signing off monthly accounts files.
  • Preparing and presenting financial reports for board meetings and monthly Finance & Operations meetings.
  • Effectively managing and utilizing the Tax for Remission Export Office (TREO) scheme through application, reconciliation and renewal.
  • Taking part in operational, management and strategic planning processes.
  • Preparing budgets and forecasts and lead budgetary control in liaison with section heads, questioning & challenging expenditure where necessary.
  • Preparing and/or reviewing quarterly, half year and annual reports/accounts and tax returns.
  • Maintaining and reviewing the ERP system to ensure it provides accurate, appropriate and timely accounting and management information to key decision makers.
  • Ensuring that product costing model is well maintained and accurate, reviewing as and when necessary.
  • Participating in cash flow planning for the division towards achieving the company’s treasury planning objectives in liaison with the Financial Controller and divisional Finance Director.
  • Ensuring statutory compliance of indirect and direct taxes and interpretation and clarification of regulatory policies governing financial and tax issues.
  • Monitoring and controlling working capital to ensure that it is kept within acceptable levels.
  • Developing systems, controls & procedures to ensure that accurate inventory controls are maintained and stock variances are minimized
  • Responsible for stores and procurement of materials and spares for the division in liaison with Materials Dept and Procurement desk
The Person
We require a candidate with the following:
  • A qualified accountant with ACCA/CPA (K), CIMA, FCA or CFA professional qualifications with clear history of continuing professional development (CPD).
  • At least 5 years’ experience within a manufacturing environment and direct involvement with implementation or development of new or existing ERP system(s).
  • Excellent communication (written and verbal English) and analytical skills, and an ability to develop and work within a team to deliver on commitments.
  • Ability to work under pressure, prioritize work, meet tight deadlines and work without supervision.
  • Provides clear leadership qualities and the ability to challenge and review subjective positions with clear financial evidence. I.e. shine a light into any and all dark corners.
  • Excellent working knowledge of MS Office.
  • Clear understanding of FX issues arising across the business as a result of USD income and KSH costs and management reporting in USD and financial reporting in USD.
How to Apply
If you fulfill the requirements of this position and wish to be considered, please send your detailed CV and copies of certificates and testimonials together with a daytime telephone contact, current and expected remuneration ,names and addresses of three referees to reach the undersigned not later than 31 October 2013.

Human Resources Director
James Finlay (Kenya) Limited
P.O Box 223-20200, 
Only shortlisted candidates will be contacted.
James Finlay (K) Ltd is an equal opportunity employer
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