Job Summary

Position: Chief Financial Officer

Department: Finance

Reports to: Chief Executive Officer (CEO)

Our client Nairobi Club is a private member’s Club owned by Members. It was established in 1901 by members who realized the need for a home environment in the heart of Nairobi. The Club is the second oldest and most popular establishment of its kind in Kenya.

Nairobi Club is seeking to recruit an experienced and dynamic individual, to join their high-performing team which values integrity, inclusivity and operational excellence in the position of Chief Financial Officer (CFO).

Purpose of the role

Reporting to the Chief Executive Officer, the Chief Financial Officer (CFO) is a key member of the executive leadership team, responsible for managing the financial sustainability and integrity of the Club. The CFO will oversee all aspects of financial planning, budgeting, reporting, internal controls, risk management, member financial services, and compliance. The ideal candidate should be a strategic thinker with strong analytical skills, capable of driving financial efficiency and supporting the long-term success of the Club.

Key Responsibilities:

Financial Strategy and Planning

• Develop and implement comprehensive financial strategies in alignment with the Club’s mission, vision, and strategic objectives.
• Lead the development of annual budgets, long-term financial plans, and cash flow projections.
• Collaborate with the CEO and other department heads to align financial goals with operational priorities.
• Monitor financial performance against plans, analyse variances, and recommend corrective actions.

Financial Reporting and Analysis

• Prepare timely and accurate monthly, quarterly, and annual financial statements and management reports.
• Present financial reports and insights to the CEO, Finance Committee, and Main Committee.
• Conduct in-depth financial analysis, cost-benefit analysis, and scenario planning to support strategic decisions.
• Ensure accurate financial data collection, documentation, and integrity for internal and external stakeholders.

Financial Operations and Management

• Supervise day-to-day financial operations including general ledger, accounts payable/receivable, bank reconciliations, and payroll.
• Ensure optimal cash flow management, bank account administration, and treasury functions.
• Monitor and manage club investments and asset performance where applicable.
• Lead procurement policies to ensure cost efficiency and proper vendor management.

Risk Management and Compliance

• Identify, evaluate, and mitigate financial risks including liquidity, investment, and insurance risks.
• Ensure the Club’s financial practices adhere to relevant legal, regulatory, and industry standards.
• Maintain a robust system of internal controls to protect the Club’s assets and minimize fraud risk.
• Develop and enforce financial policies, procedures, and best practices.

Strategic Financial Decision Support

• Provide financial insight and guidance on business initiatives, capital projects, and major expenditures.
• Perform financial modeling and forecasting to support business case development and investment appraisals.
• Partner with cross-functional teams to evaluate operational efficiency and recommend financial improvements.

Auditing and Financial Governance

• Coordinate internal and external audits and act as the primary liaison with auditors and regulatory bodies.
• Prepare audit schedules and ensure timely resolution of audit findings.
• Ensure proper documentation and archiving of financial records to meet legal and regulatory requirements.

Membership Financial Services

• Oversee billing, invoicing, dues collection, and financial record-keeping for all Club members.
• Ensure accurate and transparent communication with members regarding financial matters, dues, and payment plans.
• Address member financial concerns and inquiries with a high level of professionalism and discretion.
• Monitor accounts receivable aging and implement collections processes where necessary.

Team Leadership and Development

• Lead and mentor the finance department staff, promoting a culture of accountability, transparency, and continuous improvement.
• Set clear performance expectations, provide regular feedback, and support professional development opportunities.
• Foster collaboration between finance and other departments for unified business operations.

Qualifications and skills:

• A Bachelor’s degree in finance, accounting, or a related field
• A Master’s degree in finance, accounting, business or related field
• Certified Public Accountant (CPA-K)
• A member of ICPAK or related professional body and in good standing
• Minimum of 8–10 proven experience in senior leadership within a Club, hospitality establishment, or similar service-driven environment.
• Professional experience in financial management, preferably in a similar club or hospitality setting.
• Strong financial acumen, including budgeting, financial analysis, and financial modelling. Knowledge of accounting principles, tax regulations, and audit processes is essential.
• Proven ability to develop and implement financial strategies that align with Club goals and objectives.
• Demonstrated experience in managing and leading financial teams.
• Strong interpersonal and communication skills to work with staff, committee members, and club members.
• Proficiency in using financial software and tools for data analysis, financial reporting, and forecasting.
• Knowledge of relevant laws and regulations governing financial operations within the club setting.

• Develop and implement comprehensive financial strategies in alignment with the Club’s mission, vision, and strategic objectives.
• Lead the development of annual budgets, long-term financial plans, and cash flow projections.
• Collaborate with the CEO and other department heads to align financial goals with operational priorities.
• Monitor financial performance against plans, analyse variances, and recommend corrective actions.
• Prepare timely and accurate monthly, quarterly, and annual financial statements and management reports.
• Present financial reports and insights to the CEO, Finance Committee, and Main Committee.
• Conduct in-depth financial analysis, cost-benefit analysis, and scenario planning to support strategic decisions.
• Ensure accurate financial data collection, documentation, and integrity for internal and external stakeholders.
• Supervise day-to-day financial operations including general ledger, accounts payable/receivable, bank reconciliations, and payroll.
• Ensure optimal cash flow management, bank account administration, and treasury functions.
• Monitor and manage club investments and asset performance where applicable.
• Lead procurement policies to ensure cost efficiency and proper vendor management.
• Identify, evaluate, and mitigate financial risks including liquidity, investment, and insurance risks.
• Ensure the Club’s financial practices adhere to relevant legal, regulatory, and industry standards.
• Maintain a robust system of internal controls to protect the Club’s assets and minimize fraud risk.
• Develop and enforce financial policies, procedures, and best practices.
• Provide financial insight and guidance on business initiatives, capital projects, and major expenditures.
• Perform financial modeling and forecasting to support business case development and investment appraisals.
• Partner with cross-functional teams to evaluate operational efficiency and recommend financial improvements.
• Coordinate internal and external audits and act as the primary liaison with auditors and regulatory bodies.
• Prepare audit schedules and ensure timely resolution of audit findings.
• Ensure proper documentation and archiving of financial records to meet legal and regulatory requirements.
• Oversee billing, invoicing, dues collection, and financial record-keeping for all Club members.
• Ensure accurate and transparent communication with members regarding financial matters, dues, and payment plans.
• Address member financial concerns and inquiries with a high level of professionalism and discretion.
• Monitor accounts receivable aging and implement collections processes where necessary.
• Lead and mentor the finance department staff, promoting a culture of accountability, transparency, and continuous improvement.
• Set clear performance expectations, provide regular feedback, and support professional development opportunities.
• Foster collaboration between finance and other departments for unified business operations.

• Strong financial acumen, including budgeting, financial analysis, and financial modelling.
• Knowledge of accounting principles, tax regulations, and audit processes is essential.
• Proven ability to develop and implement financial strategies that align with Club goals and objectives.
• Demonstrated experience in managing and leading financial teams.
• Strong interpersonal and communication skills to work with staff, committee members, and club members.
• Proficiency in using financial software and tools for data analysis, financial reporting, and forecasting.
• Knowledge of relevant laws and regulations governing financial operations within the club setting.

• A Bachelor’s degree in finance, accounting, or a related field
• A Master’s degree in finance, accounting, business or related field
• Certified Public Accountant (CPA-K)
• A member of ICPAK or related professional body and in good standing