ELDOWAS Head of Finance and Strategy Job in Kenya

Eldoret Water and Sanitation Company Limited (ELDOWAS) is a Water Service Provider operating in Uasin Gishu County as mandated by Water Services Regulatory Board (WASREB) through a Service Provision Agreement (SPA} as required by the Water Act 2002.

The company invites applications from suitably qualified candidates to fill the following vacant positions:

Job Reference: ELDOWAS/2020/HFS

Job Title: Head of Finance and Strategy

Department: Finance and Strategy Department

Position Reports to: Managing Director

Position Supervises

  • Finance Manager
  • Strategy Manager

Purpose of the Job (Head of Finance and Strategy): To plan, direct and co-ordinate the ELDOWAS finances and ensure financial planning, management of financial risks, record keeping, and financial reporting; undertaking strategic and tactical matters relating to budget management, cost benefit analysis, forecasting needs and securing new or additional funding; and advise management and board of directors on financial implication of new and existing ventures.

Main Duties and Responsibilities

The duties and responsibilities are:

Managerial Roles and Responsibilities

  • Develop work plan and budgets for the department for approval;
  • Oversee the execution of divisional/departmental work plan and budgets;
  • Oversee performance management of staff in the division/department;
  • Develop Financial Policies for ELDOWAS;
  • Lead in Strategy development for ELDOWAS;
  • Identify training needs for the departmental staff;
  • Mentor and coach staff within the department;
  • Supervise staff in the department;
  • Identify procurement needs of the department;
  • Prepare and submit all monthly, quarterly and annual reports.

Operational Roles and Responsibilities

  • Develop Financial plan and ensure availability of cash for various company’s activities;
  • Prepare budgets and controlling expenditure;
  • Design and implement effective systems of monitoring performance against budget;
  • Maintain effective budgetary controls, cost accounting and internal control systems and procedures;
  • Advise management and board of directors on financial implication of new and existing ventures;
  • Ensure optimal utilization of organization resources;
  • Participate in top management meetings (corporate management team);
  • Develop a long-term strategy for the timely generation of financial resources;
  • Formulate and maintain up to date register of company’s assets and liabilities;
  • Produce divisional and corporate forecasts for income and expenditure on monthly, quarterly and annual basis;
  • Preparing year-end income and expenditure forecasts.
  • Prepare monthly, quarterly, and annual financial and non-financial reports for stakeholders’ consumption and ensuring its integrity;
  • Prepare annual and long-term capital and revenue budget for consideration by the board and management for decision making;
  • Periodically assess the accounting best practices and advise the company appropriately;
  • Participate in Procurement Tender Committee;
  • Ensure quality accounting and maintenance of records meet the required International Financial Standards and implement recommendations from the internal Financial Management, Management and external Audits reports
  • Oversee the development and implementation of sound financial management systems
  • Participate in monitoring and evaluation of company operations;
  • Assess business risk and create financial awareness on resource allocation, cost reduction and financial discipline.
  • Perform any other duties that may be assigned.

Key Result Areas:

The jobholder’s accountability areas are as follows:

a) Effective operational cost control of the department’s financial resources;

b) Successful implementation of quality control standards for services offered by the department;

c) Effective supervision of employees assigned to the department;

d) Maximization of productivity in the department;

e) Continuous process improvement of services offered by the department;

f) Ensure customer satisfaction for the consumers of the services offered by the department;

Knowledge and Skills Required:

The jobholder must possess:

a) A Master’s Degree in Finance/Accounting or equivalent;

b) Bachelor’s degree in Finance or any other related field;

c) Professional qualifications such as CPA K/ACCA, ICPAK membership/ACCA;

d) A minimum of 12 years’ related work experience, six (6) of which should include senior management experience in a large organization;

e) Must have demonstrated ability to handle departmental budgets, resources, processes, projects and relationships;

f) Should have good knowledge of the relevant industry/sector as well as knowledge of regulatory requirements affecting the relevant sector;

g) Must be capable of functioning effectively both as a team player and a team leader;

h) Must have ability to plan, organize, implement and evaluate departmental goals;

i) Must demonstrate ability to handle multiple and conflicting priorities, and work under strict deadlines;

How to Apply

Applications may be emailed to md@eldowas.or.ke , deposited at our Head Office OFF Kambi Somali Road next to Coca Cola or posted to:

The Managing Director,
Eldoret Water and Sanitation Company Ltd.,
P.O Box 8418-30100,

Eldoret Water and Sanitation Company is an equal opportunity employer and the marginalized groups are encouraged to apply.

Note: All applications to be received not later than Friday 24th December 2020 at 16.00 Hrs.

Accounting and Finance
Updated: December 10, 2020 — 1:09 pm