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 On 27th August 2010, Kenya promulgated a new constitution which ushered in a new system of national governance framework. This system introduced a devolved system of government through the creation of 47 County governments. In view of the creation of the counties, certain functions where devolved from the central government to the County government.

CAREER OPPORTUNITIES

Tourism  Finance  Corporation  (TFC)  is  the  leading  Development  Financial  Institution  (DFI) providing  affordable  and  accessible  financial  facilities  and  advisory  services  to  the  Tourism Industry. TFC’s mission is to develop and diversify Kenya’s Tourism industry by providing a range of advisory and financial services to investors in tourism related enterprises.  The Corporation is seeking to recruit suitable candidates to fill the position of Head of Finance.

HEAD OF FINANCE

Reporting to the Managing Director, the Head of Finance is responsible for designing, planning and co-ordinating all aspects of financial management at the Corporation and advice the Managing Director and the Board on the Corporation’s financial plans.

Key Responsibilities

a) Design and develop financial policies and strategies and co-ordinates their effective implementation to ensure compliance and general review.b)   Advise the Managing Director and the Board on effective ways of maintaining adequate liquidity to finance the operations of the Corporation.

c)   Design  and  manage  the  implementation  of  effective  cash  office  systems  for  cashiering services, proper recording and billing, collection of all monies due, and institutions (Govt. ministries, departments and parastatals).

d)   Supervise the preparation of payroll and payment of salaries ensuring that appropriate statutory deductions are made and remitted to respective authorities.

e)   Design and implement appropriate controls with regard to debt and credit management, assets management, tariffs, charge rates, and all tax matters of the Corporation.f)    Guide, lead and manage the staff in the department.

g)   Co-ordinate, guide and assist the Heads of Departments in the preparation and evaluation of all departmental annual budgets to consolidate the same into the Corporation budget and create systems and procedures for monitoring performance against budget.

h)   Co-ordinate and supervise the preparation of Management and Financial  information
including the establishment and maintenance of effective control systems for preparation of monthly, quarterly and year end management.

i) Establish sound working relations with the market players in the sector so as to be updated on investment decisions.

j) Perform Treasury Management activities and manages the Corporation’s bank accounts, loans and other financial instruments and investment portfolio with a view to effective cash-flow management.

k)   Liaise  with  the  Treasury,  Auditor  General  (Corporations)  and  parent  Ministry  for  Co-
ordination of Financial and accounting matters.

l)    Prepare annual financial statements and forward to the National Audit Office. m) Signatory of all Bank Accounts and any correspondence to the Bank.

Qualifications, Competencies and Experience

• Bachelor’s degree in Accounting, Finance, Business or a relevant field from a recognized university.•    A Master’s degree from a recognize university.

•    CPA(K), ACCA qualifications or equivalent.
•    Member of ICPAK or equivalent professional body.
•    Computer Literacy.
•    Good communication, interpersonal and leadership skills.
•    At least 10 years’ experience in financial Management with 5 years at Management level.

Applicants are invited to send a cover letter illustrating their suitability for the above positions against  the  listed  qualifications/competences  and  skills,  a  detailed  and  updated  CV,  copies  of relevant  certificates  and  testimonials,  National  ID,  details  and  contacts  of  three  professional referees, as well as current and expected remuneration to reach the undersigned by 28th November 2017.

Only shortlisted candidates will be contacted.

The successful candidate will be accorded a competitive remuneration package

Managing Director

Tourism Finance Corporation

Utalii House, 11th Floor

P.O. Box 42013, 00100.

NAIROBI