Head of Finance

OVERALL RESPONSIBILITY 

• Reporting to the Chief Executive Officer, the Head of Finance will be responsible for overseeing and managing the Finance team’s operations. This includes ensuring smooth and efficient financial management, encompassing financial operations, reporting, timely submission of monthly, semi-annual, and annual tax returns, and ensuring compliance with tax authorities and other regulatory bodies.

KEY RESPONSIBILITIES

• Develop and implement the department's strategic financial plan, ensuring alignment with the organization's overall objectives. This involves conducting financial modeling and analysis to drive strategic decision-making, identifying opportunities for revenue growth and cost optimization, and analyzing industry trends to shape and refine financial strategies.
• Oversee the monthly and annual closing activities and prepare various financial and analytical reports. 
• Provide technical accounting support and interpretation to the management team. 
• Direct and monitor the timely submission of monthly, semi-annual and annual tax forms/returns and ensure compliance with tax authorities and other government regulation bodies. 
• Review the daily bank reconciliations identifying and resolving discrepancies to ensure sufficient foreign currency balances for all institutional commitments. 
• Manage working capital, cash flow and receivables and payables to ensure smooth operations.
• Follow-up on recovery issues and schedule creditor payments on a weekly basis in accordance with forecasted cash flows. 
• Lead the preparation of the institutional budget, in consultation with the Chief Executive Officer and the Senior Leadership Team, ensuring that there is alignment with strategic objectives and that departmental and historic data have been considered. 
• Manage and supervise all sections of finance and their staff (including Creditors, GL, Payroll, Insurance, Fixed Assets, Inventory and Treasury). 
• Proactively manage audit-related matters, resolve any issues that arise during the audit process, and ensuring timely completion of reviews by liaising with external auditors. Manage relationships with external stakeholders including bankers, external auditors, consultants, lawyers, tax administrators, and other government authorities. 
• Partner with other departmental managers and heads to address gaps in financial processes and facilitate internal stakeholders in accordance with policies. 
• Recruit, train and evaluate department staff. 
• Oversee the reconciliation of Inter -Unit Accounts, identifying and implementing improvements to the reconciliation process
• Oversee the reconciliation of cash accounts and deposits on daily basis and authorize receipts by verifying necessary documentation. 
• Manage the investment register, ensuring timely renewal of deposits and investment of available  funds in compliance with institution guidelines and policies. 
• Play a key role in developing/updating financial policies and procedures in accordance with any regulation changes or any development in the best practices.

The requirements

• A Master’s Degree in Business Administration, Accounting, Finance, or a related field.
• Professional qualifications such as Chartered Public Accountant (CPA-K), Chartered Certified Accountant (ACCA), Cost and Management Accountant (CMA), or equivalent.
• A minimum of 10 years of relevant work experience, preferably in the health sector.
• At least 5 years of experience in leadership and management roles.
• In-depth knowledge of international accounting principles.
• Proficiency in MS Office, and hands-on experience with ERP systems.
• Considerable experience in a position that combines analytical skills with the ability to apply knowledge and analysis creatively to the resolution of practical problems.
• Strong interpersonal skills, consultative and collaborative, engaging effectively and co-creating innovative solutions with key stakeholders
• Demonstration in navigating effectively through ambiguity and constant change.
• Demonstration of strong flexibility, adaptability and perseverance, especially during challenging periods.