Manager, Cost Management
2025-05-14T11:13:40+00:00
HF Group
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https://www.hfgroup.co.ke/
FULL_TIME
Nairobi
Nairobi
00100
Kenya
Finance
Accounting & Finance
2025-05-21T17:00:00+00:00
Kenya
8
Principle Accountabilities
- Help and support the Finance department in ensuring that only productive costs are incurred
- Be the first point of contact for expenditure proposals to Finance by business units
- Reviewing AIEs and recommending a decision to the Finance leadership
- Thoroughly vet, scrutinize expenditure requests and help business units align costs with the overall objectives of the organization
- Maintain an effective feedback mechanism for expenditure approval process.
- Periodic cost reporting including structured monthly reporting on costs incurred, savings achieved, and wastage identified
- Attend contract negotiation meetings
- Know Your Vendor due diligence
- Maintain a contracts database, monitor upcoming expiry dates and engage business units and procurement for possible alternative cost-efficient options
- Continuously review ICT and other contracts for optimization opportunities
- Improving the cost-conscious culture by operationalizing the departmental cost champions approach and building a consistent engagement with cost champions who will be senior managers and head of units.
- Support the GM Finance to implement budgetary controls in SAP ERP.
- Manage budget re-allocation across expenditure GLs on a need basis
- Ensure budgets are loaded into SAP at the beginning of every year
- Participate and guide business units throughout the budgeting cycle
- Introducing Cost Audits across the organization (business units and vendors)
- Enforcing a cost budget variance accountability mechanism with cost champions
- Ensure budgetary controls are effective and help business units operate within approved budgets
- Review finance policy and procedures and ensure they are up to date and supportive of Finance and organization’s objectives.
- Represent and articulate finance policies and processes in organizational forums
- Work with other units within Finance to ensure that costs are captured and reported accurately
- Own cost allocation and recharge frameworks and models.
- Initiate and maintain a product cost reporting framework to support product profitability analysis.
Key Competencies and Skills
General Competencies
- Results oriented
- Excellent interpersonal skills
- Highly analytical
- Problem-solving skills
- Good communicator
- Self-driven with leadership
- Team player
Minimum Qualifications, Knowledge and Experience
Academic & Professional
- A business-related Degree from a reputable institution, preferably Finance, Accounting, Banking,
- CPA certification
- Advanced Excel skills
Experience & Technical Skills
- A minimum of 7 years’ experience in banking with hands-on experience in operations management, operational risk management, business performance analysis, finance or internal audit.
- 2 years should be at the supervisory or management level.
- Hands-on experience in conflict management and change management.
- Experience in senior management relations.
- Good appreciation of accounting principles.
- Advanced MS. Excel skills and data analysis skills.
- Prior experience in cost allocation across business segments and subsidiaries
- Team and or People Management
- knowledgeable in standard procurement procedures
- Ability to take and communicate a firm decision
Help and support the Finance department in ensuring that only productive costs are incurred Be the first point of contact for expenditure proposals to Finance by business units Reviewing AIEs and recommending a decision to the Finance leadership Thoroughly vet, scrutinize expenditure requests and help business units align costs with the overall objectives of the organization Maintain an effective feedback mechanism for expenditure approval process. Periodic cost reporting including structured monthly reporting on costs incurred, savings achieved, and wastage identified Attend contract negotiation meetings Know Your Vendor due diligence Maintain a contracts database, monitor upcoming expiry dates and engage business units and procurement for possible alternative cost-efficient options Continuously review ICT and other contracts for optimization opportunities Improving the cost-conscious culture by operationalizing the departmental cost champions approach and building a consistent engagement with cost champions who will be senior managers and head of units. Support the GM Finance to implement budgetary controls in SAP ERP. Manage budget re-allocation across expenditure GLs on a need basis Ensure budgets are loaded into SAP at the beginning of every year Participate and guide business units throughout the budgeting cycle Introducing Cost Audits across the organization (business units and vendors) Enforcing a cost budget variance accountability mechanism with cost champions Ensure budgetary controls are effective and help business units operate within approved budgets Review finance policy and procedures and ensure they are up to date and supportive of Finance and organization’s objectives. Represent and articulate finance policies and processes in organizational forums Work with other units within Finance to ensure that costs are captured and reported accurately Own cost allocation and recharge frameworks and models. Initiate and maintain a product cost reporting framework to support product profitability analysis.
Results oriented Excellent interpersonal skills Highly analytical Problem-solving skills Good communicator Self-driven with leadership Team player
A business-related Degree from a reputable institution, preferably Finance, Accounting, Banking, CPA certification Advanced Excel skills Experience & Technical Skills A minimum of 7 years’ experience in banking with hands-on experience in operations management, operational risk management, business performance analysis, finance or internal audit. 2 years should be at the supervisory or management level. Hands-on experience in conflict management and change management. Experience in senior management relations. Good appreciation of accounting principles. Advanced MS. Excel skills and data analysis skills. Prior experience in cost allocation across business segments and subsidiaries Team and or People Management knowledgeable in standard procurement procedures Ability to take and communicate a firm decision
JOB-68247ae44f961
Vacancy title:
Manager, Cost Management
[Type: FULL_TIME, Industry: Finance, Category: Accounting & Finance]
Jobs at:
HF Group
Deadline of this Job:
Wednesday, May 21 2025
Duty Station:
Nairobi | Nairobi | Kenya
Summary
Date Posted: Wednesday, May 14 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Principle Accountabilities
- Help and support the Finance department in ensuring that only productive costs are incurred
- Be the first point of contact for expenditure proposals to Finance by business units
- Reviewing AIEs and recommending a decision to the Finance leadership
- Thoroughly vet, scrutinize expenditure requests and help business units align costs with the overall objectives of the organization
- Maintain an effective feedback mechanism for expenditure approval process.
- Periodic cost reporting including structured monthly reporting on costs incurred, savings achieved, and wastage identified
- Attend contract negotiation meetings
- Know Your Vendor due diligence
- Maintain a contracts database, monitor upcoming expiry dates and engage business units and procurement for possible alternative cost-efficient options
- Continuously review ICT and other contracts for optimization opportunities
- Improving the cost-conscious culture by operationalizing the departmental cost champions approach and building a consistent engagement with cost champions who will be senior managers and head of units.
- Support the GM Finance to implement budgetary controls in SAP ERP.
- Manage budget re-allocation across expenditure GLs on a need basis
- Ensure budgets are loaded into SAP at the beginning of every year
- Participate and guide business units throughout the budgeting cycle
- Introducing Cost Audits across the organization (business units and vendors)
- Enforcing a cost budget variance accountability mechanism with cost champions
- Ensure budgetary controls are effective and help business units operate within approved budgets
- Review finance policy and procedures and ensure they are up to date and supportive of Finance and organization’s objectives.
- Represent and articulate finance policies and processes in organizational forums
- Work with other units within Finance to ensure that costs are captured and reported accurately
- Own cost allocation and recharge frameworks and models.
- Initiate and maintain a product cost reporting framework to support product profitability analysis.
Key Competencies and Skills
General Competencies
- Results oriented
- Excellent interpersonal skills
- Highly analytical
- Problem-solving skills
- Good communicator
- Self-driven with leadership
- Team player
Minimum Qualifications, Knowledge and Experience
Academic & Professional
- A business-related Degree from a reputable institution, preferably Finance, Accounting, Banking,
- CPA certification
- Advanced Excel skills
Experience & Technical Skills
- A minimum of 7 years’ experience in banking with hands-on experience in operations management, operational risk management, business performance analysis, finance or internal audit.
- 2 years should be at the supervisory or management level.
- Hands-on experience in conflict management and change management.
- Experience in senior management relations.
- Good appreciation of accounting principles.
- Advanced MS. Excel skills and data analysis skills.
- Prior experience in cost allocation across business segments and subsidiaries
- Team and or People Management
- knowledgeable in standard procurement procedures
- Ability to take and communicate a firm decision
Work Hours: 8
Experience in Months: 84
Level of Education: bachelor degree
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