Senior Manager, Finance at Generation

We transform education to employment systems to prepare, place, and support people into life-changing careers that would otherwise be inaccessible.

Read more about this company

• Job TypeContract
• QualificationBA/BSc/HND
• Experience10 years
• LocationNairobi
• Job FieldFinance / Accounting / Audit&nbsp

The Senior Manager, Finance, at Generation Programme Kenya oversees the organization’s financial operations and ensures its financial health. This role requires technical expertise, strategic thinking, and leadership skills. The Senior Manager will lead the finance team, providing guidance and collaborating with other departments to align financial goals with organizational objectives. Key responsibilities include analyzing financial performance, offering strategic insights to senior management, and implementing internal controls to effectively manage risks.

Roles & Responsibilities:

Strategic Support

• Collaborate with the Senior Management Team to develop long-term financial plans and projections that align with GPK’s strategic goals.
• Ensure GPK’s long-term financial sustainability by identifying potential revenue streams, diversification opportunities, and cost-saving measures.
• Lead collaborative budgeting processes to align financial resources with program priorities, ensure an accurate reflection of work plans, and analyze budget utilization to address variances with actionable solutions.
• Oversee and manage all aspects of cash flow, ensuring efficient handling of cash inflows and outflows to meet organizational financial obligations.
• Develop and implement financial strategies, policies, and procedures to support the organization’s goals and objectives.
• Develop, implement, and monitor internal control procedures to safeguard company assets and ensure accurate financial reporting.
• Direct and cultivate a high-performing team by promoting a collaborative atmosphere that encourages motivation and continuous growth.

Financial Planning and Analysis

• Manage the development and implementation of annual budgets, financial forecasts, and long-term financial strategies to ensure alignment with the GPK’s objectives.
• Evaluate financial data to uncover trends, discrepancies, and areas for enhancement, delivering actionable recommendations to the Senior Management Team.
• Design and maintain intricate financial models that facilitate informed decision-making across different business units.
• Produce precise and timely management reports that analyze operational costs.
• Collaborate with cross-functional teams to provide financial insights that aid in strategic planning, including evaluations of funds and potential acquisitions.
• Continuously refine GPK’s financial processes and systems to improve efficiency, accuracy, and reporting capabilities.

Financial Reporting

Donor Reporting

• Ensure compliance with donor financial requirements, reporting obligations, and audits for grant-funded projects to uphold financial integrity and accountability.
• Collaborate with relevant stakeholders, including Generation Global, to create customized reporting templates in the finance system that meet donor-specific needs while adhering to organizational standards.
• Prepare accurate and timely donor financial reports as per specific requirements outlined by GPK’s donors.
• Conduct training sessions with the finance team to ensure an understanding of donor financial requirements and the customization process for reporting templates.

Internal Reporting

• Implement regular financial reporting schedules to provide the Senior Management Team (SMT) with up-to-date financial summaries, including budget vs. actuals, cash flow, and key financial metrics.
• Develop standardized financial report formats for consistency and ease of interpretation, enabling SMT to track trends and variances effectively.
• Incorporate forward-looking financial projections into reports to provide insights into future financial scenarios, potential challenges, and funding needs.

Month-end close (MEC) procedures

• Create a standardized and adhere to a month-end closing checklist outlining all required tasks (e.g., account reconciliations, accruals, and expense verification).
• Utilize real-time data tracking and analytics to monitor account balances, expense entries, and other financial metrics throughout the month for a reduced workload at month-end.

Audit and Statutory Compliance

• Ensure proper administration of payroll and all statutory obligations
• Oversee annual statutory audits
• Prepare checks and balances to ensure statutory compliance across the organization
• Work with accounts to prepare data for internal and external audits
• Provide up-to-date tax and statutory changes and updates in policy

• Any other duties as assigned by the supervisor from time to time.

Person Specification

Knowledge, Qualifications, and Experience

• Bachelor’s degree in either Business Administration, Finance, Accounting, Strategy, or any other business-related field from a recognized institution.
• Minimum 10 years experience in finance
• Must be a qualified accountant with relevant professional qualifications such as Certified Public Accountant (CPA-K) or ACCA with a valid certificate.
• Professional risk manager (PRM/PMI) certification is an added advantage

Skills, Abilities, and Personal Qualities

• Strategic Thinking: Ensures financial goals are strongly aligned with organizational objectives.
• Leadership and Team Management: Demonstrates the ability to lead teams effectively and foster a collaborative environment.
• Interpersonal Skills: Strong ability to collaborate with teams across functions, enhancing teamwork in achieving common goals.
• Problem-Solving and Critical Thinking: Capable of making informed decisions based on thorough analysis of data and stakeholder input. Additionally, strong analytical skills with proficiency in data analysis tools (such as MS Excel and PowerBI).
• Attention to Detail: Ensures accuracy and thoroughness in all tasks.
• Results-Oriented: Focused on delivering the desired outcomes efficiently.#
• Time Management Skills: Proficient in prioritizing tasks and managing time effectively to meet deadlines while maintaining quality.

Method of Application

INTERESTED candidates please submit your applications to genkcareers@generation.org attaching your latest resume and cover letter. The deadline for submissions is 16th December 2024. Kindly indicate in the Email subject: Senior Manager, Finance. Only shortlisted candidates will be contacted.