Headed by the General Manager Finance and Administration assisted by four section managers: Manager Finance, Manager HR and Administration, Manager ICT, and Manager Procurement
The Finance department of Kenya Urban Roads Authority (KURA) is to manage funds in such a way so as to ensure their optimum utilization in a manner that the risk, cost and control considerations are properly balanced in a given situation. It was established to assist Board and Management to achieve good corporate governance within KURA.
Key responsibilities of the Finance Section include:
- Forecasting and Planning- The need to estimate/forecast the requirement of funds for both the short term (working capital requirements) and the long term purpose (capital investments). Forecasting the requirements of funds involves the use of budgetary control and long-range planning
- Financial negotiation-Plays a very important role in carrying out negotiations with the various financial institutions, banks and public depositors for raising funds on favorable terms
- Evaluating financial performance- Need to constantly review the financial performance of the various units of organization generally in terms of ROI (return on investment). Such review assists management in seeing how the funds have been utilized in the various divisions and what can be done to improve it.
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