Chief Financial Officer (CFO) Job Vacancy in Kenya

Position Title: Chief Financial Officer (CFO)

The aim of the role is to secure strong stability, controls, efficiency and compliance of the Company’s Finance, Accounting and Information Technology.

The CFO will take lead responsibility for all financial and management accounting, treasury, tax, financial risk management and control functions, budgeting, as well as investor reporting.

In doing so, the CFO will:

  • Ensure efficient and effective management of the Company’s treasury including efficient cash management procedures and practices;
  • Ensure adequacy of financing and risk management arrangements;
  • Contribute to development and achievement of corporate strategy and goals;
  • Manage different stakeholder relationships; and
  • Operate an effective and efficient accounting function to provide timely and accurate financial information to shareholders, management, regulators, investors, auditors and other stakeholders.

Key Duties and Responsibilities:

Strategy & financial performance:

  • Develop strong and collaborative working relationships with the Managing Director/CEO, Management team, Board, and foster relevant relationships with shareholders, investors, analysts, tax authority, consultants/financial advisors, regulators, lenders, banks and other financial institutions and sources of financing;
  • Together with the key team, support in fundraising activities, planning and structuring capital investment programmes, and lead deal structuring and major contract negotiations in relation to financing of the Company;
  • Implement appropriate and effective treasury and risk management policies, practices and procedures in order to support operations of the Company;
  • Design and implement an optimal tax strategy in order to manage tax-related risk exposures;
  • Enhance the capacity of the finance including structure, skills, processes, systems, performance management and culture to ensure it effectively supports the business;
  • Support development and achievement of the corporate strategy by providing timely and reliable financial information, analysis, projections and financial implications of broader business initiatives;
  • Ensure accounting and internal control processes, methodologies and practices are in accordance with financial policies and international financial reporting standards and good practices;
  • Implement transparent, structured and effective budgeting, forecasting and forward planning processes, coordinating all departments to align their plans with the overall business strategy of the Company;
  • Ensure that the financial statements and management reports of the Company are reliable and prepared in a timely manner in accordance with the International Financial Reporting Standards (IFRS) to support decisions of management and key stakeholders; and
  • Perform any other appropriate tasks in the furtherance of the finance function towards achievement of the overall corporate goals of the Company.

Controlling & Reporting:

  • Establish specialized integrated financial and management information systems in line with the organization’s needs and enhance its utilization. The officer will lead the adoption of new financial processes, technology adoption (ERP, data analytics, etc.), process improvements and systems integration.
  • Manage and develop cash flow, forecasting and projections that meet operational needs and track funds flow;
  • Establishes and maintains controls to safeguard the Company’s assets, documents and recommends improvements to internal financial policies and procedures
  • Develops and implements a financial risk management policy;
  • Analyses and reports financial information to management and the Board within agreed timelines including profit & loss statements, capital investment, budget allocation, cash flow forecasting and asset-liability management;
  • Review and analyze financial data and performance against plan and industry overall performance;
  • Ensure timely delivery of reports required by regulatory and other relevant stakeholders;
  • Establish and maintain the financial business plan for the company, including the expense budget and monitor variances between budget and actual performance;
  • Implement systems to enable management of expenses and capital needs within budget;
  • Oversee the activity of the external auditors;
  • Manage the cost base by instituting effective supply chain and purchasing policies and follow up measures;

Risk, Compliance and Governance:

  • Lead organizational risk and compliance management that ensures organizational continuity while upholding company reputation;
  • Implement global best practices, create policies and processes that effectively measure, monitor and control the risk environment;
  • Provide guidance to the board and management on risk management and compliance activities including funding, legal, statutory and overall organizational operations;
  • Ensure that all governance processes are streamlined and function within the parameters of the regulatory and investors requirements, global best practices and company Policies;

Policy, Procedures and Controls:

  • Develop policies and procedures for the finance function that are aligned to the business model.
  • Ensure all financial controls are put in place and monitor the same.
  • Conduct staff sensitization sessions periodically to keep staff abreast of policies and procedures.
  • Ensure effective management of manual and online financial management and procurement systems in line with approved budget plans.
  • Ensure effective filing, whether manual or electronic, of financial and procurement records.
  • Ensure effective internal controls are implemented.

Budgeting, Financial Management & Procurement:

  • Develop operations annual and interim budgets. Confirm that proposed budgets adhere to organizational, statutory and professional guidelines;
  • Review and verify all invoices /payment vouchers and forward to the MD for approval of payment;
  • Review and verify all transactions posted into sub-ledgers. Prepare the general ledger and run the trail balance to confirm accuracy of the general ledger;
  • Remit statutory deductions and taxes including but not limited to corporate tax, VAT, PAYE, withholding tax, etc.;
  • Review and verify bank reconciliations and supplier accounts;
  • Process the payroll where applicable;
  • Prepare RFPs/ EOIs / open tender document and circulate the same to the approved list of suppliers;
  • Analyze the responses received and prepare the necessary documentation for the respective approvals; and
  • Draft contracts for selected service providers for review and approval by the MD.

How to Apply

If qualified, please send your CV to with the title ‘Chief financial Officer’ by 23rd November 2022.