Job Title: Accountant Industry: Financial Services (SACCO) Reports To: Operations Manager. Remuneration. 70-90K Plus Family Medical Cover, Pension, Allowances.
Our Kenyan client is a medium sized Sacco located in Nairobi with membership open to the public. Position exists for an accountant to be based in Nairobi Kenya.
The jobholder is responsible for processing all payments and receipts relating to expenditure and operations, processing general ledger transactions and ensuring adherence with statutory accounting policies and guidelines as well as financial policies and procedures for the Society.
Key Duties: Financial reporting : Ensure preparation of financial statements & reports on regular basis and submit to Treasurer i.e. Trial balance, Balance sheets, income statement, cash flow forecast on a monthly basis not later than 10th of every month. Ensure compliance with existing accounting policies formulated by management and international standards accounting policy
Audit co-ordination: Co-ordinate the internal and external audit processes, ensuring document availability, information provision and support required. Ensuring implementation of audit recommendations within the agreed timelines.
Financial transaction processing:.
Payments Receive approved payment vouchers and ensure payments are made as per the approval received and posted into the respective ledger accounts. Facilitate society’s payments by raising supporting vouchers and cheques after verification and approval Post all society’s payments and ensure adequate documentation, authorization and approval. Remittance of Statutory deductions i.e NHIF, NSSF and PAYE by 10th of every month
Internal control system: Ensures that a sound internal control system is in place to guard against accounting errors ascertains completeness in records and safeguard assets against avoidable losses.
Reconciliations: Prepare on a monthly basis by latest 10th day after end of each month Bank reconciliation statements for the society’s bank accounts Reconcile on a monthly basis and compiling schedules of society’s Debtors and creditors accounts for third party transactions by latest 10th day of each month. Prepare on daily basis loan disbursement Schedule and reconcile the same with daily computer print outs producing a monthly schedule not later than 3rd of every month.
Maintenance of member’s control accounts Ensure accuracy in postings and distribution of statements not later than 10th after end of every month.
Occasional duties: Coordinate activities of Board by participating in its meeting on advisory capacity by making recommendations on financial implications on society business plans based on management report analysis on monthly and quarterly basis Gives recommendation to management on the need to review the accounting systems in light of the relevant technological changes Monitor and report on the stability, capacity, reliability of the Accounting Software Any other duties as may be assigned from time to time by the Board
Educational Requirements: The minimum education level required to perform this job. A Bachelor’s degree in business related field Qualified professional accounting certification, such as ACCA or CPA
Related Job Experience/Qualifications: At least 5 years experience carrying out administrative or maintenance functions in a busy office.Good understanding of the internal policies, systems and procedures of the organization.
Additional skills: Computer literacy skills – Ms Office applications; knowledge of accounting systems and packages. Ability to carry out Financial Analysis, Financial projection and budgeting Interpersonal/formal communication (oral and written) skills. Leadership and Managerial skills Planning and organizing skills/ quality orientation.
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