Kenya Airways Head of Corporate Finance Job Vacancy

Kenya Airways is truly the Pride of Africa. Our global network now reaches 50 destinations, 41 of which are spread across the Africa continent. With a modern fleet of 29 aircrafts, including four Boeing 777 series, makes us one the youngest fleets in Africa.

Kenya Airways opens a world of opportunity across the continent, creating sustainable development by connecting its people and businesses within Africa and around the world.

At Kenya Airways we believe our greatest asset is our people. When you join Kenya Airways we provide you with training and all the systems and tools you require to perform. And best of all, we provide an environment that enables each and every one of our employees to achieve their full potential.

Grade: H15

Brief Description

Lead the Corporate Finance function including Group Credit Control, Treasury, Expenditure, Fuel, and Insurance Divisions, paying particular heed to managing the Group’s Financial Risk and Exposure profiles, so that the needs of the Group in regard to the above are delivered effectively and efficiently and the Group protected from unnecessary loss in a cost effective manner.

Detailed Description

Develop, improve and lead the management of group credit policy to minimise bad debts while ensuring collections targets are met, in order to contain losses and maximise cashflow.Develop, monitor and ensure a comprehensive and cost effective risk management function encompassing a combination of loss controls and insurance (including captives) to protect company and its people against financial loss.Ensure claims handling activities on behalf of external and internal customers are efficient yet guard against invalid claims to ensure customers’ needs are satisfied without incurring unnecessary expense.Regularly update and issue cashflow forecasts to allow executive management to make strategic and tactical decisions within the parameters of available cash resources and to ensure that the group is able to meet its payment obligations.Manage the Group’s hedging policy for fuel, interest rates and forex exposure and availability of funds ensuring that the group is protected against unplanned for price and rate changes.Lead the expenditure and payment function for the Group including fuel and outstations, ensuring that creditor funding is maximised, while paying all creditors within agreed terms, only for expenditure that is valid and authorised.Plan and ensure compliance with Group tax policy ensuring taxes are minimised and exposure to penalties is avoided.Lead the financial role in due diligences performed on proposed projects and acquisitions to ensure that only appropriate projects are selected, and expectations from these are met.Budget and manage costs within the Corporate Finance Dept within budget to contribute to the achievement by the Group of its budgetary goals.Develop and motivate staff to improve productivity and efficiency.Job Requirements

Knowledge, Skills and Experience

Business GraduateCPA (K)MBAFinancial managementDerivatives and risk hedgesCredit evaluation techniquesLoss control methods, insurance and captives trendsDue diligence processesFuel markets and latest trendsTaxation law15 years financial management at Senior levelLeader and developer of peopleTeam playerResults drivenStrategic thinking and influencingAbsolute and unquestioned integrityAnalytical and criticalAttention to detail.High capacity for workDebtors aging and bad debtsInsurance loss ratioAccuracy of cash flow forecastsCost per litre of fuel vs Platts baseNo repeat audit commentsTax penalties and tax expense vs budgetCreditor days, complaints and supplier credit rejectionsTimeliness and quality of reportCost centre variance