Graduate Trainee, Finance at Ramco Group

Mr Rambhai came to Kenya in the early 1940s from the Gujarat region of India. He started a small hardware store in downtown Nairobi in 1948 and that was the humble beginnings of what is now the Ramco Group. His 3 sons, Kirit, Mahendra and Chandrakant joined the family business after their studies and based on these strong family ties, the group built a solid foundation on which it could grow and expand. Ramco Group’s initial expansion was within the hardware and building supplies industry which the family knew well. However, in 1986, the brothers diversified into both stainless steel and printing with the acquisitions of ASL Steel and Polythene Industries respectively. These investments opened the door into new industries and soon after, further acquisitions were made in these sectors. In 1995, the Group acquired Sai Office Supplies, an office supplies distributor and soon after came investments in the retail side of this sector. To this day, both Kirit and Chadrakant are still very actively involved in the day-to-day running of the Group and their customer-focused philosophy is still at the heart of each group company. Our Vision To be a World Class Conglomerate. Our Mission Statement To excel in every sector we operate in. Our Philosophy “Every Relationship is Family, and Family Comes First” Our Purpose “We enjoy building valuable relationships and creating opportunities for people to grow.” Our Core Values • Honesty & Integrity. • Commitment. • Innovation.

Requirements:

• Proficient in spreadsheets, databases, statistical solutions, MS Office and financial software applications.


• Hands on experience with statistical analysis and statistical packages.


• Outstanding presentation, reporting and communication skills.


• Well informed in current financial subjects, accounting, tax laws, money market and business environments.


• BS degree in Finance, Economics or related field.


• CPA(K) or ACCA preferred.

Responsibilities

Some of the responsibilities will include:

• Consolidate and analyze financial data (budgets, income statement forecasts etc) taking into account company’s goals and financial standing.


• Come up with and share creative alternatives and recommendations to reduce costs and improve financial performance.


• Track and determine financial status by analyzing actual results in comparison with forecasts.


• Update financial spreadsheets with daily transactions and prepare balance sheets.


• Track and reconcile bank statements & identify and address account discrepancies by comparing and correcting data.


• Assist in processing tax payments.


• Record accounts payable and accounts receivable.


• Provide administrative support during budget preparation and quarterly/ annual audits.


• Maintain reports on financial metrics, cost analysis including investments, return on assets and growth rates.

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