Accounting & Finance Manager - Kenya - Downstream Oil & Gas - Permanent (2 years)
Our client is a major downstream player in Africa offering products and services into retail, aviation, marine and lubricants markets. They are currently looking for someone to support the Kenya Company to meet and exceed their business objectives through sound financial management, effective and efficient business and accounting systems and by ensuring that control processes and procedures are regularly reviewed to meet emerging business needs.
Manage the A& F policies and procedures in the areas of compliance with IFRS standards, internal Corporate Reporting guidelines, Risk Management and in ensuring compliance with tax regulations and laws. Provide accurate, timely and complete management information in order to ensure that the company meets compliance requirements, operates within agreed budgets, meets capital employed targets and is in sound financial footing.
Provide leadership in sound financial management of the company. Develop, evaluate and implement processes and procedures for production of management reports used in decision making, to assure accuracy, timeliness and completeness. Monitor these processes constantly to ensure that they are relevant to the business requirements, meet IFRS standards, corporate reporting guidelines, external reporting and compliance requirements and that they are effective and efficient. Ensure annual statutory and compliance audits are performed by due dates. Ensure good corporate governance in the fields of finance, accounting and tax that support sound corporate governance of the business functions.
Corporate Risk Management:
Establish and continuously evaluate effective and efficient risk management processes, tools and procedures. Appraise management of these processes and the trends that have or might have an impact on the business and financial wellbeing of the company. Monitor and provide company leadership with results, trends, costs and business impact of the various business risks on an on-going basis.
In liaison with internal controls section and business management, identify, develop, implement, assess and monitor appropriate internal control processes, procedures and guidelines. Periodically review the internal control processes to ensure that they meet emerging business needs, flawless execution guidelines and external compliance requirements. Provide guidance to management in the interpretation and implementation of control procedures. Ensure sound corporate governance is exercised in all business and financial activities of the company.
Working Capital Management:
Provide leadership, information and advice in management of the company’s working capital. In particular implement and review cash and cash flow management systems, tax management, tax planning & tax monitoring processes, purchase-to-pay systems, inventory monitoring processes and credit management and monitoring tools to ensure that the company assets are acquired, recorded, reconciled and monitored timely, accurately and appropriately. Provide management with accurate, timely and complete reports for decision making with regard to the company’s overall working capital management.
Develop, coach, mentor, motivate and energize an active team of highly productive employees. Provide flexibility for employee needs within the company guidelines and opportunities for career and personal growth.
Operating Expenses Management:
Constantly monitor both departmental and Overall Company Opex to ensure that the company operates within agreed budgets. Periodically review performance against planned targets and provide management and business lines with accurate and timely performance reports, variance / factor analysis.
Provide leadership and guidance in the development of the company’s annual Plans and Budgets. In particular provide and monitor key economic indices, assumptions and projections used in the development of the Plans and Budgets. Provide management with timely performance monitoring reports, variance / factor analysis.
On top of the standard duties of an “A&F Manager”, the “A&F Transition Manager” will also be in charge of:
1. Perform individual assessment of the past and present performance of all team members of the A&F team
2. Assess and quantify the extend of professional negligence of LOKL A&F team members if any
3. Recommend A & F team members replacement where needed based on under-performance, professional negligence (ex: failure to reconcile the pre-paid tax account properly for several years) or unethical behaviours where identified
4. Assess the reliability of the internal control and systems within the A&F scope to prevent frauds, material financial information mis-statements and protect the company's assets; evaluate impacts where gaps are identified and propose changes where required
5. Assess the reliability of the processes, procedures and systems ensuring tax compliance; propose changes where required
6. Assess the reliability of the processes, procedures and systems ensuring treasury management compliance with company and legal standards; propose changes where required
7. Assess - under the supervision of the corporate finance department - the opportunity to deploy an accounting and finance shared service centre in Kenya covering Kenya and Uganda; if applicable, contribute to the design, roll-out and stabilization of the shared service centre.
Ethics and Integrity
Concern for Accuracy
Influencing for Voluntary Compliance
International Financial Reporting Standards courses.
Internal control training.
Corporate risk management.
Experience in setting up / managing shared services
Experience in multi-country and remote management (to be able to cover Uganda if needed)
Experience in high employees turnover management
Certification in accounting; advanced knowledge in IFRS
Experience in dealing with high fraud risks environments
Experience in forensic accounting.
A university degree and at least 10 years post qualification experience in Financial Management in the commercial sector.