| Job Title | Senior Manager, Finance |
| Reporting To | Chief Executive Officer |
| Location | Nairobi, Kenya |
| Type of Position | Senior Manager |
| Contract Term | One (1) Year Fixed Term |
Introduction to Generation
Generation is one of the world’s largest, fastest scaling global demand-driven youth employment programs, providing young adults with the opportunity to launch successful careers and change their life trajectories. We recruit, train and place diverse adults of all ages —whether unemployed or underemployed —into careers that would otherwise be beyond their reach.
We started with a focus on youth, who are keen to launch their careers from non-traditional pathways (e.g. youth with no higher educational qualifications and require support to mitigate challenges due to socioeconomic backgrounds, individuals seeking to enter professions where their profile is traditionally underrepresented), and have now expanded to mid-career workers seeking jobs in demand (e.g. workers who have been displaced potentially due to automation or economic downturn, rejoining caretakers who have been out of the workforce for a significant amount of time).
Our goal is to deliver for job seekers and employers simultaneously: supporting the individual’s personal and financial well-being, while helping businesses acquire entry-level hires who have higher productivity, are of higher quality, are retained longer, and are faster to promotion than peers.
To date, Generation is active in 17 countries: USA, Kenya, Brazil, Spain, Mexico, India, Singapore, Australia, Hong Kong, UK, France, Italy, Ireland, Thailand, Chile, Colombia and Ghana, with plans of expanding to a few more countries.
Since launching in May 2015, Generation Kenya has trained over 32,123 candidates across 6 different industries. 84% of whom have been placed in meaningful employment with our over 350+ employer partners. We currently train for entry-level roles in 5 programs namely, Freelance Admin Support Work, Sewing Machine Operator, Distributed Sales, Retail and Restaurant and Digital Customer Service.
Driven by our vision, “a meaningful career and sustained well-being for every person anywhere in the world,” and mission “we transform education to employment systems to prepare, place and support people into life-changing careers that would otherwise be inaccessible,” we aim to address the skills gap that hinders growth in the formal sector.
Job purpose
The Senior Manager, Finance, at Generation Programme Kenya oversees the organization’s financial operations and ensures its financial health. This role requires technical expertise, strategic thinking, and leadership skills. The Senior Manager will lead the finance team, providing guidance and collaborating with other departments to align financial goals with organizational objectives. Key responsibilities include analyzing financial performance, offering strategic insights to senior management, and implementing internal controls to effectively manage risks.
Roles & Responsibilities:
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Strategic Support
- Collaborate with the Senior Management Team to develop long-term financial plans and projections that align with GPK’s strategic goals.
- Ensure GPK’s long-term financial sustainability by identifying potential revenue streams, diversification opportunities, and cost-saving measures.
- Lead collaborative budgeting processes to align financial resources with program priorities, ensure an accurate reflection of work plans, and analyze budget utilization to address variances with actionable solutions.
- Oversee and manage all aspects of cash flow, ensuring efficient handling of cash inflows and outflows to meet organizational financial obligations.
- Develop and implement financial strategies, policies, and procedures to support the organization’s goals and objectives.
- Develop, implement, and monitor internal control procedures to safeguard company assets and ensure accurate financial reporting.
- Direct and cultivate a high-performing team by promoting a collaborative atmosphere that encourages motivation and continuous growth.
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Financial Planning and Analysis
- Manage the development and implementation of annual budgets, financial forecasts, and long-term financial strategies to ensure alignment with the GPK’s objectives.
- Evaluate financial data to uncover trends, discrepancies, and areas for enhancement, delivering actionable recommendations to the Senior Management Team.
- Design and maintain intricate financial models that facilitate informed decision-making across different business units.
- Produce precise and timely management reports that analyze operational costs.
- Collaborate with cross-functional teams to provide financial insights that aid in strategic planning, including evaluations of funds and potential acquisitions.
- Continuously refine GPK’s financial processes and systems to improve efficiency, accuracy, and reporting capabilities.
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Financial Reporting
- Donor Reporting
- Ensure compliance with donor financial requirements, reporting obligations, and audits for grant-funded projects to uphold financial integrity and accountability.
- Collaborate with relevant stakeholders, including Generation Global, to create customized reporting templates in the finance system that meet donor-specific needs while adhering to organizational standards.
- Prepare accurate and timely donor financial reports as per specific requirements outlined by GPK’s donors.
- Conduct training sessions with the finance team to ensure an understanding of donor financial requirements and the customization process for reporting templates.
- Internal Reporting
- Implement regular financial reporting schedules to provide the Senior Management Team (SMT) with up-to-date financial summaries, including budget vs. actuals, cash flow, and key financial metrics.
- Develop standardized financial report formats for consistency and ease of interpretation, enabling SMT to track trends and variances effectively.
- Incorporate forward-looking financial projections into reports to provide insights into future financial scenarios, potential challenges, and funding needs.
- Donor Reporting
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Month-end close (MEC) procedures
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- Create a standardized and adhere to a month-end closing checklist outlining all required tasks (e.g., account reconciliations, accruals, and expense verification).
- Utilize real-time data tracking and analytics to monitor account balances, expense entries, and other financial metrics throughout the month for a reduced workload at month-end.
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Audit and Statutory Compliance
- Ensure proper administration of payroll and all statutory obligations
- Oversee annual statutory audits
- Prepare checks and balances to ensure statutory compliance across the organization
- Work with accounts to prepare data for internal and external audits
- Provide up-to-date tax and statutory changes and updates in policy
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Any other duties as assigned by the supervisor from time to time.
Person Specification
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Knowledge, Qualifications, and Experience
- Bachelor’s degree in either Business Administration, Finance, Accounting, Strategy, or any other business-related field from a recognized institution.
- Minimum 10 years experience in finance
- Must be a qualified accountant with relevant professional qualifications such as Certified Public Accountant (CPA-K) or ACCA with a valid certificate.
- Professional risk manager (PRM/PMI) certification is an added advantage
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Skills, Abilities, and Personal Qualities
- Strategic Thinking: Ensures financial goals are strongly aligned with organizational objectives.
- Leadership and Team Management: Demonstrates the ability to lead teams effectively and foster a collaborative environment.
- Interpersonal Skills: Strong ability to collaborate with teams across functions, enhancing teamwork in achieving common goals.
- Problem-Solving and Critical Thinking: Capable of making informed decisions based on thorough analysis of data and stakeholder input. Additionally, strong analytical skills with proficiency in data analysis tools (such as MS Excel and PowerBI).
- Attention to Detail: Ensures accuracy and thoroughness in all tasks.
- Results-Oriented: Focused on delivering the desired outcomes efficiently.#
- Time Management Skills: Proficient in prioritizing tasks and managing time effectively to meet deadlines while maintaining quality.
INTERESTED candidates please submit your applications to genkcareers@generation.org attaching your latest resume and cover letter. The deadline for submissions is 16th December 2024. Kindly indicate in the Email subject: Senior Manager, Finance. Only shortlisted candidates will be contacted.
Equality and diversity: Generation is committed both to promoting equality and diversity within the organization and to equal opportunities in employment. We believe in equality of opportunity regardless of race or racial group (including colour, nationality, ethnicity, national origins), religion or belief, age, disability, sexual orientation, sex, gender reassignment and gender identity, marriage and civil partnership, and pregnancy, maternity and paternity. This also includes any incidents of perceptive or associative discrimination and harassment. All employment decisions are made entirely on merit. Generation does not ask for payment from people that apply for jobs with Generation at any stage of the hiring process. If you have any specific queries, please feel free to contact us at genkcareers@generation.org.
To report instances of fraud or unethical business practices by any of our staff, vendors or mobilisers please reach out on this link for our Ethics hotline and / or the executive leadership team on kenyasmt@generation.org.