Youth Enterprise Development Fund Finance Manager Job in Kenya 2013

The Youth Enterprise Development Fund provides loans and business development services to
youth enterprises.
The Fund now invites applications from dynamic, innovative and experienced individuals to fill the following vacant position:
Finance Manager 
Ref: FM/6472/05/2013
Responsible to: Chief Executive Officer
Job Purpose: Prudent Management of financial resources to achieve the Fund’s principal mandate, goals and objective
Objectives of the Job: 
  • effective management of YEDF Financial Resources
  • Ensure integrity of financial data and implementing internal controls
  • Timely financial reporting and coordinating the external audits
  • Budget and cost control
  • Staff Management and development
Duties and Responsibilities
  • Ensure a sound Financial Policy framework is in place to guide YEDF in making financial decisions
  • Oversee the quality and timeliness of financial reporting to the Board and to enable decision making of senior management
  • Ensure implementation of relevant Auditors recommendations as per Board recommendations
  • Liaise with the Board on investment of available funds to realize market rate of return
  • Effectively formulate and manage financial system and procedures to ensure integrity of accounting data and information, implementing and monitoring checks and controls to detect fraud, misappropriation or theft or Fund’s financial assets
  • Ensuring preparation and submission of accounts to the board as per set policy and procedures
  • Prepare periodic and annual financial reports (cash flows projections, profit and loss, balance sheet) income and expenditure budgets, business plans, in accordance with prescribed standards and guidelines
  • Coordinate the annual external audit, and respond to external audit queries
  • Report to the Board on the fairness and adequacy of the financial reporting of YEDF
  • Ensure that the annual and interim accounts of YEDF do not contain any misrepresentations and the financial statements fairly represent in all material respects, the financial condition, results of operations and cash flows of YEDF
  • Design, implement and maintain and periodically evaluate the effectiveness of internal controls to provide reasonable assurances that the financial statements of YEDF are fairly presented in accordance with generally accepted accounting principles
  • Report any deficiencies in internal controls and procedures to the Audit committee
  • Ensure Compliance with statutory requirements issues
  • Formulate and regularly review financial and accounting policy and procedures
  • Responsible for the accurate preparation of periodic financial reports on financial performance to ensure management has up to date information
  • Cash flow management to ensure limits are not exceeded and anomalies are detected in time to meet obligations to its customers
  • Respond to enquiries on financial matters to guide management in sound decision making
  • Coordination of preparation of annual expenditure and income budget
  • Reconciliation of accounts and reporting any discrepancies
  • Supervision of daily bank reconciliations to ensure they are accurate , following up on any discrepancies to ensure they are satisfactorily resolved and appropriate remedial measures are put in place
  • Management of Fund debt collection and credit control to ensure proper cash flow and adherence to Fund credit policies
Minimum Job Requirement
  • Bachelors Degree in Finance or Accounting or Business Related, MBA is an added advantage.
  • Professional Qualification: CPA (K) /ACCA or equivalent
  • 10 years experience with at least 5 years in a senior management position in a reputable organization in the public or private sector.
  • Knowledge of computerized financial and accounting system
  • Leadership and coordination abilities
  • Must be a member of professional body such as ICPAK
  • Ability to use computers including MS Office Suite (including MS Excel) and or accounting programmes
  • Experience in government financial management and processes is mandatory
Those fulfilling the requirements of the position should submit HARD COPY applications together with a detailed Curriculum Vitae and all relevant testimonials stating the current position, current remuneration, expected salary, email address and telephone contacts.
All applications are also expected to quote the reference number on the envelope and provide postal, telephone and email contacts of three references.
Applications should be received by Friday, 17th May 2013.
All applications should be addressed to:
The Chief Executive Officer
Youth Enterprise Development Fund
P.O. Box 48610 – 00100
Youth Enterprise Development Fund is an equal opportunity employer.
Potential male and female candidates with disabilities are encouraged to apply

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