Ref: CFO/06/2015

Reporting to the Chief Executive Officer USL, the Chief Financial Officer will be responsible for the functions of Finance and Procurement to ensure implementation of sound accounting, financial management and control system and procedures for the USL.

Key Responsibilities:
Developing and maintaining an efficient financial management, organisational governance and administration system in accordance with the financial procedures of USL and International Accounting Standards and best management practice;
Advising the CEO and other key members of senior management on financial planning, budgeting, cash flow, investment priorities, and policy matters;
Ensuring effective and timely financial management on all USL matters; and reporting in accordance with laid down guidelines across all branches;
Developing, administering and monitoring the USL budget and work plan in accordance with the USL financial management procedures in consultation with departmental heads;
Supervising the accurate preparation and disbursement of the company’s payroll to ensure that statutory deductions are made and remitted to relevant authorities and that all and only bona fide employees are paid;
Liaising with the Heads of departments and divisional directors to ensure economic and efficient use of company resources;
Managing the Company’s cash-flow by constantly reviewing of cash flow statements, performance against budget, credit facilities and cash and collection and approving payments to suppliers as appropriate;
Supervising and reviewing the maintenance of USLs’ books of accounts such as fixed assets register, stocks, debtors, creditors and cash books for accuracy and timely updates;
Liaising with consultants and regulators and tax authorities to ensure compliance with laid down internal and external regulations;
Overseeing effective treasury management to ensure effective cash flow and cash flow analysis;
Ensuring adequate internal controls and compliance with applicable laws, policies & procedures;
Undertaking due diligence on new initiatives or investment opportunities as required; and
Leading the Finance team members to deliver all planned and agreed department and individual performance targets to ensure that the various sections are efficient and value adding to the Society.

Personal Specification
Master’s degree from a recognised university;
A fully qualified accountant with current membership to a professional accounting body;
A minimum of 8 years working experience, at least 5 of which should be in a senior management and/or advisory role within Finance function; and
Good knowledge and experience on all aspects of a financial institution, accounting and IFRS standards and legal points of view is required.

How to Apply
If you have the relevant qualifications and experience, please email a cover letter and your CV quoting the reference number of the job you are applying for in your email to esd@deloitte.co.ke on or before 3 July 2015 addressed to:

The Director
Executive Selection Division
Deloitte Consulting Limited
Email: esd@deloitte.co.ke
Nairobi, Kenya