
Finance Manager Job Vacancy – MOWASSCO (1 Post)
Mombasa Water Supply and Sanitation Company Ltd · Mombasa · Onsite
Job Description
Mombasa Water Supply & Sanitation Co. Ltd (MOWASSCO) invites applications from qualified and experienced finance professionals for the position of Finance Manager.
The successful candidate will support effective financial management through financial reporting, budgeting, forecasting, cost management, financial analysis, and provision of accurate information to support strategic decision-making.
Job Purpose
Monitor the performance of the company and advise management in terms of costs and profitability through the preparation of timely management accounts and reports that guide management decisions.
Duties and Responsibilities
The Finance Manager will:
- Prepare timely monthly, quarterly, and annual management reports, and board accounts and reports.
- Formulate costing and revenue policies and systems and ensure the accounting of all costs incurred and revenue collected.
- Advise management on revenue and costing issues.
- Prepare timely and accurate financial budgets and forecasts by consolidating individual department budgets.
- Consolidate costs and revenues and extract management information for management decision making.
- Analyse the business’ financial and general operating information to identify trends and opportunities for investment/development.
- Analyse budget and other financial variances (such as product margins) and advise the GM Finance accordingly.
- Provide financial information to senior management, including monthly, management/financial accounts and budget reports.
- Review investment proposals to determine their viability.
- Assess the impact of changes in pricing, consumption volumes, and costs on profitability.
- Evaluate non-financial indicators, such as stock turnover and report on their effect on business performance and profitability.
- Evaluate assets and investments as and when necessary.
- Provide forecasts and projections of future cash flow for the business.
- Monitor costs such as wages, materials and equipment.
- Identify areas of the business where inefficiencies occur.
Personal Specifications
Academic Qualifications
Applicants must have:
- Bachelor’s Degree in Commerce - Finance of Accounting Option.
Professional Qualification
The candidate must have:
- CPA (K).
- Membership with ICPAK or any relevant body.
Experience Required
Applicants must have:
- At least 7 years’ experience.
- Three (3) years must have been at a supervisory level.
- Prior experience in managing a unit in a large and busy environment.
Skills and Competencies
The successful candidate should demonstrate:
- Business analytical skills.
- Good leadership and management skills.
- Proficiency in MS Office and Accounting Systems.
- Good attention to detail.
- Good interpersonal skills.
- Effective communication both written and oral.
- High levels of integrity.
How to Apply
Candidates who meet the above specifications and have the drive to join a highly motivated work team should submit:
- Application letter.
- Updated CV.
- Reliable telephone and email contacts.
- Contacts of at least three (3) referees.
Applications should be addressed to:
The Managing Director
Mombasa Water Supply & Sanitation Co. Ltd
P.O Box 1100-80100
MOMBASA
Email: info@mombasawater.co.ke
MOWASSCO is an equal opportunity employer and women and people with disability are particularly encouraged to apply. Those who will not have heard from MOWASSCO by the deadline should consider themselves unsuccessful.
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LIKELY QUESTIONS - How have you prepared timely monthly, quarterly, and annual management accounts, and what controls did you use to ensure accuracy and completeness? - Tell us about your experience consolidating departmental budgets into an overall company budget and forecast. How did you handle conflicting assumptions from different departments? - What approach would you use to formulate costing and revenue policies for a utility environment like water supply and sanitation? - Describe how you have analysed financial and operating data to identify cost inefficiencies, profitability issues, or investment opportunities. - How have you monitored and explained budget variances, including cost variances and margin movements, to senior management or a board? - Can you walk us through how you prepare cash flow forecasts and how you would manage cash constraints in a large, busy operation? - What is your experience reviewing investment proposals or capital projects, and which financial metrics do you rely on to determine viability? - This role requires advising management on pricing, consumption volumes, costs, and profitability. How would you assess the financial impact of changes in these drivers and present recommendations? BEHAVIOURAL QUESTIONS - Tell us about a time you improved the quality or timeliness of management reporting. Model approach: Situation - Reporting was delayed and management lacked timely visibility; Task - Improve reporting cycle without compromising accuracy; Action - Mapped reporting bottlenecks, enforced deadlines, standardized templates, improved ledger reconciliations, coordinated with departments, and introduced review controls; Result - Reporting timelines improved, errors reduced, and management received decision-useful information earlier. - Describe a time you identified a major cost inefficiency and what you did about it. Model approach: Situation - Costs in a key area were rising faster than budget or revenue; Task - Identify root cause and recommend corrective action; Action - Performed trend and variance analysis, compared unit costs, engaged operational teams, isolated drivers such as wastage, overtime, or procurement issues, and proposed control measures; Result - Costs reduced, budget discipline improved, and management adopted the recommendations. - Give an example of when you had to explain complex financial information to non-finance managers or board members. Model approach: Situation - Senior stakeholders needed to understand financial performance but were not finance specialists; Task - Present findings clearly to support a decision; Action - Translated figures into business implications, used simple ratios and trends, highlighted risks, scenarios, and recommendations, and answered questions confidently; Result - Stakeholders understood the issues, aligned on actions, and made an informed decision. - Tell us about a time you led or supervised a finance team in a high-pressure environment. Model approach: Situation - The team faced tight deadlines during budgeting, audit, or month-end close; Task - Deliver accurate outputs while maintaining morale and control; Action - Delegated clearly, prioritized critical work, monitored progress daily, coached staff, resolved escalations quickly, and maintained review checkpoints; Result - Deadlines were met, output quality remained high, and the team performed effectively under pressure. SMART QUESTIONS TO ASK - What are the top three financial priorities for the Finance Manager in the first 6 to 12 months? - How does MOWASSCO currently approach budgeting, cost control, and revenue assurance, and where do you see the biggest gaps? - What management reports are most important to the Managing Director, GM Finance, and Board, and how often are they reviewed? - What accounting systems and reporting tools are currently in use, and are there any planned improvements in finance processes or systems? - How is success in this role measured, especially around reporting timeliness, forecasting accuracy, cost management, and decision support? RED FLAGS TO WATCH FOR - Vague answers about reporting timelines, internal controls, or who owns financial decisions, which may signal weak governance or unclear role expectations. - Signs of persistent cash flow stress, poor collections, or major unresolved revenue leakage without a clear recovery plan. - Indications that the role is heavily firefighting operational problems with limited authority, limited systems support, or unrealistic expectations from management.
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Adjacent Career Paths
Roles you'd also qualify for based on this posting's requirements:
- Financial Controller — This role closely matches the reporting, budgeting, cost control, and management accounts responsibilities in the posting.
- Management Accountant — The candidate's strength in variance analysis, forecasting, costing, and profitability review aligns directly with management accounting work.
- Budget and Planning Manager — Their experience consolidating departmental budgets, preparing forecasts, and supporting strategic decisions fits planning leadership well.
- Finance Business Partner — The role suits someone who can turn financial and operational data into actionable advice for senior management and business units.