Finance Director - Mumias Sugar

Our Client, Mumias Sugar Company Limited (“Mumias”) is one of Kenya’s blue chip companies providing 60% of Kenya’s sugar through appointed distributors countrywide.

Located in Western Kenya, Mumias’ vision is “to be a world class producer of sugar and energy” by consistently meeting consumer needs through efficient and innovative practices at all levels of the business.

In the recent years, in its leadership role in the industry, Mumias has diversified into power production and currently produces 38MW of electricity of which 26MW is exported to the national grid.

To ensure sustainability in its future, Mumias is in the process of establishing an ethanol distillery plant.

In its quest to uphold leadership and excellence, the company seeks to recruit an innovative, experienced and results-oriented Finance Director who will help steer the company into realising its vision.

Based in Mumias and reporting to the Managing Director, the Finance Director will be responsible for leading and developing the company’s finance function in order to maximise the shareholder’s value.

Key responsibilities:

Leading business strategy discussions around Mumias’ finance processes (operating reviews, outlook, operating plan) and pro-actively supporting all areas ofthe business;
Providing financial leadership, risk management, reviewing financial performance and ensuring action plans are in place to meet business commitments;
Working closely with senior management to develop and implement a funding and investment strategy for effective implementation ofthe business growth and diversification program;
Generating new investment through dynamic investor relations activities;
Liaising with investors and analysts through various communication channels to increase visibility and ensuring relevant investor communications are executed efficiently;
Ensuring all internal finance processes, controllership, owning complete balance sheet, filing and reporting requirements are compliant with the required standards;
Driving consistent improvements in financial processes and routines and ensuring effective management of costs across the business;
Providing strategic advice with regards to business initiatives and projects and assisting in the execution of business strategies;
Ensuring timely and accurate reporting on costs/revenue by cost centre and ensuring regular updating of forecasts in the light of changes in costs and revenue. A key part of this involves preparing presentations on the company’s financial position to the Board of Directors; Producing financial statements, reports and analysis to aid in decision making and implementing financial decisions; and

The ideal candidate will possess:

An undergraduate degree with professional qualifications in accounting and/or financial management;
A Masters in Business Administration (MBA) or relevant Masters Degree will be an added advantage;
A minimum of 10 years financial management experience, three to four of which must be at senior management/director level;
Experience leading a finance function in a fast moving consumer goods (FMCG) production or manufacturing environment;
Strong financial management experience and skills (budgets/forecasts capital projects, imports and exports, stakeholder management);
Demonstrable experience generating new investment coupled with strong global investor relations experience and the ability to build and maintain strong working relationships with internal and external investor contacts at a senior level;
A proactive self-starter with strong leadership skills and the ability to motivate and inspire others and positively influence and make an impact at senior management level;
Clear and concise interpersonal communication skills;
Excellent analytical skills with the ability to link financial results to operational performance drivers and provide value add insights to the business;
Excellent written and verbal communication and presentation skills with attention to detail;
Familiarity with Capital Markets Authority and Nairobi Securities Exchange regulations and guidelines;
A member of good standing with the Institute of Chartered Public Accountants of Kenya (ICPAK)
Track record of excellent execution and thought leadership; and
Working experience with ERP’s and strong excel skills will be an added advantage.

If your career aspirations match the required profile, please send your applications in confidence to ess.ke@ke.pwc.com by close of business 18 May2012, quoting reference number ESS 464.

Please provide your curriculum vitae containing details of your qualifications, experience, present position, current and expected remuneration as well as copies of professional/academic certificates.

Include your day and evening telephone numbers, e-mail address, names and addresses of three references.

Only shortlisted candidates will be contacted.