To carry out financial planning & analysis and develop financial models for GZI. This role also manages project financing, and monitors the performance of projects within GZI to ensure efficient co-ordination, proper structuring, and achievement of short- and long-term objectives
- Minimum Qualification :Bachelors
- Experience Level :Mid level
- Experience Length :5 years
Job Title: Team Lead - Financial Planning & Analysis
Department: Finance
REPORTING RELATIONSHIPS
Reports to: Group Financial Planning & Analysis Manager
Direct Reports: N/A
Internal Relationships:
• Department Heads
External Relationships:
• Tax Consultants
• Banks
ROLES AND RESPONSIBILITIES
Financial Planning & Analysis
• Develops GZI’s annual operating plan and mid-term business plan
• Analyses current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses, and capital expenditures. Provides analytical support to identify areas of cost and operational efficiencies
• Provides inputs to facilitate the creation, coordination, and evaluation of short- & long-term financial plans
• Supports managers and Heads of Departments in the formulation of their business and financial plans, taking key business issues and drivers including headcount, capital expenditure, pricing and market share growth etc. into consideration
• Provides relevant commercial and financial insights, analysing key drivers of current trends and predicting the future outlook
• Develops and utilises financial models and activity-based financial analysis to provide a basis for investment decisions and business planning
• Provides insightful variance analysis/reports to enable key decision makers to take sound interventions & decisions
• Ensures GZI’s spending is in line with financial model and budget. Prepares periodic reconciliations when required
• Reviews and analyses projections, including variance and scenario analysis
• Prepares cash flow projections and analysis of cash reserves
• Works closely with Sales & Marketing to provide financial support on new business opportunities. This includes developing modelling and reporting tools tailored to meet the needs of a specific opportunity
• Undertakes and manages the necessary due diligence, financial modelling, risk analysis and mitigation, loan structuring, etc. in relation to GZI’s current and proposed activities
Project Finance
• Manages project accounts payables and reconciles work in progress balances
• Advises management on the financial benefits or demerits of proposed projects, changes in financial regulations and legislations, as well as changes in competition and market trends
• Evaluates project related risk and determines financial impact. Recommends corrective actions and implements them
• Develops state-of-the-art financial reporting to ensure business & senior management is up to date with project financials and key drivers
• Monitors financial performance of the relevant work streams to ensure project financial targets will be accomplished
• Drives, devises, and formulates along with the central finance team the detailed project finance plan. Develops project forecasts as needed/required
• Identifies risks/opportunities to the project performance and risk assessment of planned activities, to ensure structures/plans are in place to mitigate/exploit them
• Acts as the custodian of the Project budget control process to ensure overall budget adherence
Record Keeping and Reporting
• Prepares monthly financial performance and variance reports
• Prepares budget versus actual reports and sends to Management and other relevant stakeholders
• Tracks, reports and analyses KPIs and business performance. Highlights trends and analyses causes of unexpected variance
• Designs and maintains tracking tools to report business performance
• Creates dashboards to report organizational performance to investors Integrated Management System
• Documents, implements, and maintains the requirements of the Quality, Food Safety, Environment, Health, and Safety management systems
JOB REQUIREMENTS
Required Education
• Minimum of First Degree in Accounting, Finance, Economics or any related discipline
• Relevant professional certifications e.g. e.g. Certified Public Accountants of Kenya (CPAK), Association of Certified and Chartered Accountants (ACCA), Chartered Financial Analyst (CFA or its equivalent is required
• MBA or a Masters’ in related discipline is an added advantage
Required Experience
• Minimum of 5-year relevant work experience
• Member of accountancy professional body e.g. ICPAK
• Excellent skills on use of MS office suite especially analytics tools
COMPETENCIES PROFILE
Technical Competencies
- Budgeting and Budgetary Controls
- Financial Planning and Analysis
- Statutory Reporting
- Accounting Operations
- Financial Control
- Tax Management
- Cost Analysis & Inventory Management
- Financial and Management Accounting
- Stakeholder Engagement
- Corporate Finance
- Treasury Management
- Accounting Information Systems (AIS)
Generic Competencies
- Accountability
- Business Knowledge
- Communication
- Continuous Development
- Detail Orientation
- HSE Procedures
- Innovation
- Operational Effectiveness
- Professionalism
- Service Orientation
- Teamwork
- Technology Application
