Responsible for compiling and posting general ledger information and summaries concerning
various financial transactions in order to ensure accurate and timely maintenance of accounting
records in accordance with prescribed financial policies, standards and taxation requirements
REQUIRED QUALIFICATIONS
Education and knowledge
Bachelor’s degree in Finance and Accounting or Business Administration (Finance or Accounting option);
Full CPA-K, ACCA professional qualification;
Member of the Institute of Certified Public Accountants of Kenya (ICPAK) or similar professional body; and
Proficiency in ICT
Experience
Five (5) years’ experience in accounting and finance or auditing gained from reputable organizations; and
Good working knowledge of accounting and budgeting principles, financial management and banking
Skills
Good communication and reporting skills;
Strong analytical and numeric skills; and
Good organization and interpersonal skill
Competences
Professionalism;
Ethical and integrity;
Strategic thinking; and
Ability to work under pressure, prioritize and multi-task
Responsibilities
Accounts Preparation
Prepare the half-year and annual draft financial statements in the
specified format and analyze the underlying accounts to determine
the accuracy, completeness, and conformance to the applicable
International Financial Reporting Standards and Generally Accepted
Accounting standards and Principles.
Prepare the Monthly Summary of Premium Levy and analyse the
related returns with a view to determining the accuracy of the
amounts received.
Prepare returns required by the Treasury and other supervisory
agencies of the Authority.
Assist in the preparation of annual budget.
Prepare the monthly payroll and generate the payroll and payroll byproducts (deductions) reports.
Prepare the annual tax deductions returns and furnish staff and
directors with the same.
Maintain the Pending Invoices and the Pending LPO/LSO file and
make the necessary follow-up to ensure that items are cleared
promptly.
Ensure dispatch of cheques and transmittal of electronic payments
to suppliers
Transaction Accounting
Maintain and regularly update the Fixed Assets Register, including
computation of monthly depreciation and posting the same to the
General Ledger.
Review the daily posting of transactions in the general ledger, cash
book and other subsidiary ledgers.
Authorize general ledger journal entries and other documents
necessary to effect accounting entries.
Monitor monthly revenues and expenses and where applicable
ensure that they are accrued or posted in the correct accounting
period.
Check the Bank Reconciliations for accuracy and where applicable
make recommendations for dealing with outstanding items including
making a follow up of the recommendations to ensure that they are
implemented.
Check the analysis of various accounts and take necessary action to
ensure that all the accounts reflect the correct balances.
Initiate the opening of new ledger accounts as necessary to more
accurately capture detailed accounting information.
Compute the allowances payable to directors and initiate payment as
applicable.
Financial Reporting
Prepare the monthly Management accounting reports, analyse and draw attention to any significant variances and make necessary recommendations.
Preparing a compliance report on payment of tax returns, statutory
returns and related payments.
Prepare the Monthly staff Advances/Imprest report and highlight staff with overdue Advances/Imprest.
Job Requirements
Required education
: Bachelor's degree
Required relevant work experience
: 5 years
Required languages:
English (Spoken: fluent | Written: fluent)
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