The National Transport and safety Authority was established through an Act of Parliament; Act Number 33 on 26th October 2012. The objective of forming the Authority was to harmonize the operations of the key road transport departments and help in effectively managing the road transport sub-sector and minimizing loss of lives through road crashes. Vision: ...

Job Description

The office holder will be responsible for providing leadership in financial management and accounting, including revenue and treasury management, budgeting, financial reporting, financial controls, revenue enhancement, financial risk management and engagement with key financial stakeholders.

Responsibilities

• Reviewing and submitting for approval the departmental work plans and budget;
• Coordinating and consolidating annual and revised budget estimates for presentation to the Board;
• Monitoring budget implementation and reporting the same for management decision;
• Coordinating the development and documentation of financial processes, manuals and accounting for proper revenue and treasury management;
• Reviewing monthly, quarterly and annual budget performance for the Authority and reporting on the same;
• Participating in negotiation for funding with the National Treasury and development partners;
• Liaising with stakeholders and development partners on financial matters relating to projects;
• Coordinating financial reporting for development partners funded projects for the Authority;
• Coordinating reconciliation of revenues to accounts receivables to ensure accuracy in reporting;
• Coordinating reconciliation of Revenue generating Accountable documents to mitigate financial risk;
• Participating in training of staff and stakeholders on public finance management;
• Providing leadership to the Finance team in the execution of the financial management and accounting Authority’s work plans and programmes;
• Implementing effective and adequate financial controls;
• Preparing Draft Board reports and papers for review by the Deputy Director;
• Participating in management meetings in the absence of the Deputy Director Finance and provide insight into the financial position of Authority and opportunities that can be explored;
• Participating in the continuous review of the department’s policies, processes and activities, and making recommendations for improvement to the Deputy Director Finance;
• Developing short-term, medium-term and long-term revenue management framework;
• Identifying, documenting and mitigating risks in the department;
• Implementing revenue enhancement strategies as approved by management;
• Liaising with banks and other financial institutions for the day-to-day transactional issues; and
• Liaising with key stakeholders including line Ministry, development partners, statutory bodies and the National Treasury on the day-to-day operations of the finance department.

Requirements

• At least twelve (12) years of relevant work experience, three (3) of which must have been at a supervisory or management level in a large organization or in a comparable position.
• Bachelor’s Degree in any of the following disciplines: Finance, Commerce (Finance option), Economics, Business Administration (Finance option), Business Management (Finance Option) or any other equivalent qualification from a recognized and accredited institution;
• Master’s degree in in any of the following disciplines: Finance, Commerce (Finance option), Economics, Business Administration (Finance option), Business Management (Finance Option) or any other equivalent qualification from a recognized and accredited institution;
• Certified Public Accountant (CPA-K) by Kenya Accountants and Secretaries Examination Board (KASNEB) or its equivalent professional accounting certification from a recognized and accredited institution;
• Membership of the Institute of Certified Public Accountants of Kenya (ICPAK) or relevant professional accounting body in good standing;
• Attended a Leadership Course lasting not less than four (4) weeks from a recognized and accredited institution;
• Proficiency in computer applications; and
• Demonstrated a high degree of professional competence, managerial and administrative capability in work performance and exhibit a thorough understanding of Authority’s goals, policies and objectives.

• Reviewing and submitting for approval the departmental work plans and budget
• Coordinating and consolidating annual and revised budget estimates for presentation to the Board
• Monitoring budget implementation and reporting the same for management decision
• Coordinating the development and documentation of financial processes, manuals and accounting for proper revenue and treasury management
• Reviewing monthly, quarterly and annual budget performance for the Authority and reporting on the same
• Participating in negotiation for funding with the National Treasury and development partners
• Liaising with stakeholders and development partners on financial matters relating to projects
• Coordinating financial reporting for development partners funded projects for the Authority
• Coordinating reconciliation of revenues to accounts receivables to ensure accuracy in reporting
• Coordinating reconciliation of Revenue generating Accountable documents to mitigate financial risk
• Participating in training of staff and stakeholders on public finance management
• Providing leadership to the Finance team in the execution of the financial management and accounting Authority’s work plans and programmes
• Implementing effective and adequate financial controls
• Preparing Draft Board reports and papers for review by the Deputy Director
• Participating in management meetings in the absence of the Deputy Director Finance and provide insight into the financial position of Authority and opportunities that can be explored
• Participating in the continuous review of the department’s policies, processes and activities, and making recommendations for improvement to the Deputy Director Finance
• Developing short-term, medium-term and long-term revenue management framework
• Identifying, documenting and mitigating risks in the department
• Implementing revenue enhancement strategies as approved by management
• Liaising with banks and other financial institutions for the day-to-day transactional issues
• Liaising with key stakeholders including line Ministry, development partners, statutory bodies and the National Treasury on the day-to-day operations of the finance department

• Proficiency in computer applications
• High degree of professional competence
• Managerial and administrative capability
• Thorough understanding of Authority’s goals, policies and objectives

• Bachelor’s Degree in Finance, Commerce (Finance option), Economics, Business Administration (Finance option), Business Management (Finance Option) or any other equivalent qualification from a recognized and accredited institution
• Master’s degree in Finance, Commerce (Finance option), Economics, Business Administration (Finance option), Business Management (Finance Option) or any other equivalent qualification from a recognized and accredited institution
• Certified Public Accountant (CPA-K) by Kenya Accountants and Secretaries Examination Board (KASNEB) or its equivalent professional accounting certification from a recognized and accredited institution
• Membership of the Institute of Certified Public Accountants of Kenya (ICPAK) or relevant professional accounting body in good standing
• Attended a Leadership Course lasting not less than four (4) weeks from a recognized and accredited institution