Finance Controller

We are looking for colleagues who are among the best to make our ambition come alive. Do you have it in you to make African healthcare leapfrog into the future? Then do read on.

Position based in: Nairobi
Duration: 1 year contract
Start date: August 2015

ABOUT CAREPAY:
CarePay Ltd (“CarePay”) is a social venture with the ambition and ability to transform the healthcare sector in Africa through cloud based- and mobile technology. We are a mobile health exchange where digital payment streams and
information are connected to medical data, thus improving quality of care, reducing cost of care and creating transparency and accountability. Our platform is currently being installed at more than 1300 healthcare providers throughout Kenya, and through it people are able to transfer, receive and pay with health related funds and benefits on their mobile phone. Our mission is to Connect People to Quality Healthcare, first in Kenya, and then in the rest of Africa.

ABOUT THE POSITION:
The position of Finance Controller will contribute to the overall success of the organization by effectively managing all financial tasks, overseeing budgeting, accounting and monitoring of internal control environment and reporting
activities. The Controller will be involved in supporting presentations to the board finance and audit committee and work closely with the senior management team. The incumbent will lead all day-to-day finance operations and supervise a team of account staff members including functional responsibility over accounting, accounts payable, accounts receivable, payroll, and grants/ fund management administration. You will also ensure that the company has the systems and procedures in place to support effective implementation and conduct flawless audits. This position will report to the Chief Finance Officer (CFO).

KEY DUTIES AND RESPONSIBILITIES:
Preparation of Accounts and Reporting
 Ensure the preparation of timely and accurate monthly management accounts and reports for Executive and management teams.
 Responsibility for all journals and final GL balances including review of month end balance sheet reconciliations and control accounts
 Ensure the accuracy and integrity of the accounting records and financial systems
 Production of statutory accounts as and when required in accordance with the relevant accounting principles and the legislation of the countries in which they operate  Play a full part in providing relevant & timely financial information to the management and Board to enable a balanced and objective assessment of the Group’s strategy and objectives.
 Develop, implement, and maintain appropriate reporting standards and procedures for financial and management reports.
 Assist with analysis, negotiation, financing and operational integration of business acquisitions.

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Project Management Accounting
 Provide accurate and timely reporting on the financial activity of individual projects.
Budgets and Forecasts Preparation
 Develop the annual plan, including production of budgets, forecasts and capital expenditure plans in
consultation with the senior management.
 Continued monitoring & review of performance against the budgets/forcasts to enable robust reporting of
variances to the Board, management and third party stakeholders.
 Assist project staff with the preparation of budgets for funding applications.
 Work closely with business units to identify profit improvement opportunities and strategies.
 Support the Chief Finance Officer with value management, equity and debt raising and asset & liability
management.
Financial Management & Controls
 Effectively manage the working capital components with specific attention to stock, debtors and cash
balances.
 Cost control, ensure that actual costs do not exceed the budgeted amounts
 Cash Flow management, ensure that the company cash flow is well managed.
 Active management of overheads whilst seeking out areas for efficiencies for savings
 Overseeing monthly processing of payroll and payments to employees to ensure adherence to the approved HR policies, Employment Law and Tax Laws.
 Review and update, in line with good practice, the company’s internal control environment and produce a Controls and Procedures manual for review and adoption by management To assist the Chief Finance Officer in respect of periodic reports to the Audit Committee explaining the processes adopted and undertaken by management to keep under regular review the effectiveness of internal controls covering financial, operational & compliance controls.
 Play an active role in assisting management in the risk assessment process and embedding a risk management culture throughout the organisation.
 Develop and maintain financial accounting systems for cash management, accounts payable, accounts receivable, credit control, and petty cash.
Taxation
 Support the Chief Finance Officer in the development and execution of the company’s taxation strategy.
 Ensure returns for Corporation tax, VAT and other relevant taxes are submitted, payments made on time and all relevant regulations are complied with.
Accounting System/IT  To take a lead role in the implementation of the Sage accounting system
 Ensure that on a client per client basis, financial flows are properly recorded into the accounting system
and reports can be provided to the respective clients.
 Working closely with IT to ensure users have access to the key components of the accounting system, receive adequate training and have the essential reports readily available to facilitate decision making and problem solving.
Team Leadership/supervision
 Effectively manage, motivate and develop the Finance department
 Supervise & review performance of individuals in the team
 Implementation of a change management culture by challenging & replacing established processes and procedures where necessary
 Promote the organisation’s vision with team members to ensure corporate and business unit objectives are achieved
 Liaise with different departments to ensure the Finance department is properly supporting the needs of the operating businesse


General
 Manage relationships with auditors, tax advisers, brokers, bankers and other parties as directed by the
Chief Finance Officer.
 Keep key stakeholders up to date on progress against key milestones.
 Ensure the Chief Finance Officer/management is kept informed of industry developments which are
relevant to the operation of an efficient finance function.
 Represent Finance in applicable project steering committees.
 Carry out any further tasks for which your qualifications & experience are suited as directed by the
Company.

EDUCATIONAL QUALIFICATIONS, KNOWLEDGE & EXPERIENCE: 
 A university master’s degree in Finance, Commerce, Accounting, Business Management or related
qualification.
 Certified Public Accountant (CPA), Certified Management Accountant or other professional qualifications in
accounting.
 Knowledge of accounting internal control principles, rules, regulations, policies and procedures.
 Knowledge and well versed in computerized systems including accounting software from Sage.
 Knowledge of cash flow management, including raising external funding and investments.
 Good commercial knowledge as well as a sound understanding of financial issues, including current
accounting standards.
 At least a minimum of 7-10 years’ experience in a senior finance/accounting role preferably in private
sector/insurance industry.
 Substantial experience in a financial controller role.
 Solid experience coordinating audit activities and managing reporting, budget development and analysis,
accounts payable and receivable, general ledger, payroll, and accounting for investments.
KEY SKILLS AND COMPETENCIES:
 Entrepreneurial/business acumen skills
 Strong analytical, problem solving and decision making skills to evaluate alternatives and provide
recommendations on business issues.
 Good judgment skills to ensure that the company receives value for money in all financial dealings.
 Excellent planning and organizational skills with demonstrated ability to prioritize and execute work on time.
 Proven computer skills, proficient with MS office applications including excel and accounting
software/systems. Skills in the use of Sage system will be an added advantage.
 Excellent oral and written communication skills
 Keen attention to detail and deadline-Oriented
 Financial report writing skills
 Interpersonal skills, team working with ability to work in cross cultural and diverse team
 Ability and desire to translate complex financial concepts to individuals at all levels including finance and non-finance managers.
 Flexible and ability to adapt or change to new situations and handle high levels of uncertainty
 Training and facilitation skills
 Innovative as needed to meet the demands of the operating environment
 Personal qualities of integrity, credibility, and a commitment to CarePay’s mission.

HOW TO APPLY:
If you meet the requirements of this position, apply by sending a Cover Letter explaining briefly how you meet the criteria for the position and updated CV to: recruitment@carepay.co.ke quoting the position in the email subject matter. The deadline for application is 18th June 2015.
We regret that only short listed candidates will be contacted.