Background information about the job or company (e.g., role context, company overview)

Technical University of Mombasa Enterprise Limited is seeking a Finance Officer.

Responsibilities or duties

• Leading and coordinating the operations of the Finance Department;
• Preparation of monthly, quarterly reports and financial statements in accordance with applicable accounting standards and regulatory requirements for submission on or before the statutory deadline;
• Develop, implement, and ensure compliance with internal financial and accounting policies and procedures;
• Preparing and coordinating the Company's annual budgets, financial forecasts and cash-flow projections;
• Monitoring the Company's financial performance, revenue, expenditure, cash flows and working capital;
• Ensuring timely preparation of statutory and tax returns and compliance with applicable laws and regulatory requirements;
• Ensuring all payments are correctly authorized, recorded, and paid;
• Ensuring monthly reconciliation of all bank accounts is done;
• Ensuring all financial transactions are correctly recorded in the Enterprise Resource Planning accounting system
• Manage the cash flow and prepare cash flow forecasts in accordance with the policy;
• Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll;
• Update the Board and Management regarding changes in legislation or regulations that may affect the Enterprise’s business operations;
• Provide financial analysis and advice to Management and the Board to support strategic and operational decision-making;
• Advise senior management on all situations which have the potential for a negative impact on internal controls or financial performance;
• Ensure statutory deductions and other remittances are executed on time;
• Develop and maintain an enterprise financial risk management framework;
• Establish and continuously improve internal financial controls and fraud prevention mechanisms:
• Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate;
• Ensure up-to-date company asset records and insurance cover;
• Facilitate internal and external audits and implement recommendations of audit management letters and accounting, systems and compliance audits;
• Ensure participation of Finance Department staff in continual training programs and career advancement;
• Support the implementation of TUMEL's Strategic Plan through financial planning and performance monitoring;
• Develop and monitor departmental Key Performance Indicators (KPIs);
• Evaluate investment opportunities and prepare financial viability analyses for new business ventures;
• Evaluate staff in the Finance Department to ensure adherence to the performance targets; and
• Perform any such other duties as may be assigned or delegated by the Managing Director.

Qualifications or requirements (e.g., education, skills)

• Possess a Bachelor's Degree in Accounting/Finance OR equivalent from a recognized University.
• Be a CPA (K) or equivalent and be a member of the Institute of Certified Public Accountants (ICPAK) in Good Standing and have a Valid practicing license.
• Have working experience using ERP systems such as Odoo, SAP, Oracle, Microsoft Dynamics, ERPNext, or similar.
• Advanced MS Excel skill

Experience needed

Minimum of 5 years in the field of Accounting and Finance.

Any other provided details (e.g., benefits, work environment, team info, or additional notes)

Never pay for any notarisation, certificate or assessment as part of any recruitment process. When in doubt, contact us.

• Leading and coordinating the operations of the Finance Department;
• Preparation of monthly, quarterly reports and financial statements in accordance with applicable accounting standards and regulatory requirements for submission on or before the statutory deadline;
• Develop, implement, and ensure compliance with internal financial and accounting policies and procedures;
• Preparing and coordinating the Company's annual budgets, financial forecasts and cash-flow projections;
• Monitoring the Company's financial performance, revenue, expenditure, cash flows and working capital;
• Ensuring timely preparation of statutory and tax returns and compliance with applicable laws and regulatory requirements;
• Ensuring all payments are correctly authorized, recorded, and paid;
• Ensuring monthly reconciliation of all bank accounts is done;
• Ensuring all financial transactions are correctly recorded in the Enterprise Resource Planning accounting system
• Manage the cash flow and prepare cash flow forecasts in accordance with the policy;
• Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll;
• Update the Board and Management regarding changes in legislation or regulations that may affect the Enterprise’s business operations;
• Provide financial analysis and advice to Management and the Board to support strategic and operational decision-making;
• Advise senior management on all situations which have the potential for a negative impact on internal controls or financial performance;
• Ensure statutory deductions and other remittances are executed on time;
• Develop and maintain an enterprise financial risk management framework;
• Establish and continuously improve internal financial controls and fraud prevention mechanisms:
• Manage the acquisition of capital assets and ensure that assets are properly recorded, amortized, and disposed of as appropriate;
• Ensure up-to-date company asset records and insurance cover;
• Facilitate internal and external audits and implement recommendations of audit management letters and accounting, systems and compliance audits;
• Ensure participation of Finance Department staff in continual training programs and career advancement;
• Support the implementation of TUMEL's Strategic Plan through financial planning and performance monitoring;
• Develop and monitor departmental Key Performance Indicators (KPIs);
• Evaluate investment opportunities and prepare financial viability analyses for new business ventures;
• Evaluate staff in the Finance Department to ensure adherence to the performance targets; and
• Perform any such other duties as may be assigned or delegated by the Managing Director.

• Advanced MS Excel skill

• Possess a Bachelor's Degree in Accounting/Finance OR equivalent from a recognized University.
• Be a CPA (K) or equivalent and be a member of the Institute of Certified Public Accountants (ICPAK) in Good Standing and have a Valid practicing license.
• Have working experience using ERP systems such as Odoo, SAP, Oracle, Microsoft Dynamics, ERPNext, or similar.