Finance Director job at Kidogo Innovations Limited
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320 Days Ago
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Vacancy title:
Finance Director

[ Type: FULL TIME , Industry: Nonprofit, and NGO , Category: Accounting & Finance ]

Jobs at:

Kidogo Innovations Limited

Deadline of this Job:
Thursday, June 15 2023 

Duty Station:
Within Kenya , Nairobi, East Africa

Date Posted: Friday, June 02 2023, Base Salary: Not Disclosed

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Learn more about Kidogo Innovations Limited
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Key Responsibilities:
Financial Management: Advise, co-develop and implement financial plans for long term sustainable growth of the organization. This includes:
1. Obtaining an understanding of vision and plans for the foreseeable future from CEO and COO..
2. Advise CEO, COO and the Board on financial and taxation matters.
3. Co-Develop and implement budgets for the organization and the various projects (ongoing or proposed). Ensuring that the project budgets are in sync with the vision and plans of the organization or the relevant project objectives .
4. Develop key financial initiatives that will help the organization track progress against the budgets, demonstrate success and sustainability, successful implementation of the programmes and highlights impact.
5. Develop and implement financial policies and procedures to ensure compliance with the applicable financial reporting framework (i.e. Statutory reporting requirements and funder reporting requirements)

Cash Flow Management: Managing the cash flows of the group such that it optimizes returns and impact of the various projects run by the organization. This includes:
1. Management of funds received as donations / grants from various sources and maintaining the funds in the appropriate location and accounts for better liquidity and returns.
2. Working with HODs, existing partners / vendors for optimizing cost and payment structures / plans.
3. Negotiating with potential partners / vendors for better management of cost / supplier risks and maximizing impact of the projects.
4. Identifying financial risks and exposures under the various projects. Taking steps to ensure sufficient financial provisions or coverage is maintained to cover for such risks or exposures.

Tax and Compliance Management: Developing policies and procedures for better tax and compliance management. This includes:
1. Working with tax and compliance experts to ensure compliance towards statutory reporting requirements for funds received as donations or grants received in the US or Kenya. Developing compliance schedule and ensuring timely filing of periodic tax returns / payments.
2. Identifying risks / exposure under indirect taxes (VAT or customs duty) for global group structure. Taking steps to mitigate such risks / exposures and ensure compliance with the relevant laws and regulations.
3. Identifying risks / exposure under direct taxes (Income Tax, DTAA, Deemed Establishments, WHT etc.) for global group structure. Taking steps to mitigate such risks / exposures and ensure compliance with the relevant laws and regulations.
4. Determine the applicable legal framework in collaboration with external subject matter experts. Setup internal policies and procedures that ensure compliance with the applicable legal framework in which the group operates.

Operational Support:
1. Internal Financial Controls: Implementing and periodically reviewing the internal financial controls that ensure compliance with company’s policies and procedures, related to expense and reimbursements. Also ensure that the group's internal financial controls are aligned with the donors’ / grantors’ policies or expectations.
2. Monthly financial reporting / financial analysis: Management reporting that shows consolidated income and expenses, Temporarily Restricted Income / Net Assets and Group performance based on geographical and projects/segments.
3. Contract Review: Review of Grant / Vendor / lease contracts before they are sent for approval to the CEO/COO.
4. Grant / Funder Reporting : Reviewing the project wise financial reporting before it is shared with them. Ensuring the reporting requirements are met and all the queries or concerns are addressed to their satisfaction.
5. Managing Audits: Taking care of statutory audits and grant/funder audits. Ensuring the reporting requirements are met and all the queries or concerns addressed to their satisfaction.
6. Ensuring timely payment to employees, vendors and community partners.
7. Ensuring compliance with applicable laws.
8. Collaborating with HODs and providing support / guidance on financial matters, as and when required.

About You:
• You have significant experience working in Sub-Saharan Africa, including Kenya.
• You have at least 15 years of financial management experience, including experience managing the financial reporting requirements of international donors.
• You have a track record of achievement in building financial systems and processes, including the development of budgets and financial models.
• You possess extensive knowledge of US accounting practices, including GAAP and other relevant financial regulations relevant to I-NGOs domiciled in the United States.
• You have a proven track record of developing and implementing financial strategies that support organizational growth and sustainability.
• You are a skilled communicator who can effectively convey complex financial information to non-financial stakeholders.
• You are comfortable working in a fast-paced, dynamic environment and have experience working with global teams.
• You are passionate about Kidogo's mission and values and excited to contribute your financial expertise to our efforts to unlock the potential of young children in East Africa.

Education Requirement: No Requirements

Work Hours: 8

Experience in Months: 180

Level of Education:

Job application procedure
• Interested and qualified? Go to Kidogo Innovations  to apply

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Job Info
Job Category: Accounting/ Finance jobs in Kenya
Job Type: Full-time
Deadline of this Job: Thursday, June 15 2023
Duty Station: Nairobi
Posted: 01-06-2023
No of Jobs: 1
Start Publishing: 01-06-2023
Stop Publishing (Put date of 2030): 01-06-2066
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