Financial Accountant Jobs in Kenya

Financial Accountant Jobs in Kenya

Job Summary:

  • The Financial Accountant will oversee day-to-day accounting operations, with functional responsibility for accounting, accounts payable, payroll.

  • He/ She will be responsible for production of financial reports, proper maintenance of accounting records, accurate processing of financial transactions and administration of a comprehensive set of controls and budgets designed to mitigate risk and enhance the accuracy of the company’s reported financial results.

    Duties & Responsibilities:

  • Track the company’s financial status and performance to identify areas for potential improvement

  • Provide useful financial insights to help make better decisions about formulating and executing strategy and provide guidance and analysis to the finance director and operational management to improve results.

  • Maintain a system of accounts and keep books and records on all transactions and assets.

  • Prepare and analyze accurate monthly financial and management reports, including income statement, balance sheet, budget and variance, projections and forecast, cash flow e.t.c.

  • Maintain control of the following areas: general ledger, accounts payable, expense reports, billing, and payroll.

  • Ensure integrity of stock take at both Nairobi & Mombasa plant and reconciliation to GL

  • Review financial data and prepare required reports, present accurate financial reports when required.

  • Review supplier reconciliations before payments. Manage supplier queries and resolution of reconciling items

  • Establish and maintain financial policies and procedures for the company

  • Coordinating the preparation of the draft audited financial statements and all tax returns. Ensure timely, accurate and complete issuing of financial statements as required.

  • Monitor bank accounts and coordinate cash sweeps to minimize bank interest charges and penalties

  • Prepare weekly payment forecast based on agreed payment plans and business requests

  • Ensure bank obligations are paid OTIF (LC’s, Bills of Exchange, Stock loans, Commercial loans, Asset finance, IPF)

  • Assist in production of cash flow reports, annual budget, and forecasts.

  • Calculate variances from the budget and report significant issues to management and provide for a system of management cost reports.

  • Coordinate interim and annual audits

  • Understand and adhere to financial regulations and legislation.

  • Markets and category size evaluation, projections and monitoring performance against plan.

  • Provide financial input for commercial contracts (e.g. leasing, commissions, exclusivity).

  • Prepare Customer & account managers Profit & Loss analysis on Periodic basis to manage customers & account managers’ productivity.

  • Value chain cost analysis including transport to customer on Periodic basis

  • Prepare pricing structures in liaison with Head
    of sales including the custody of signed pricing documents.

  • Evaluate profitability of products and recommend corrective action to improve returns.

  • Ensure appropriate and adequate Insurance cover both general and medical. Ensure timely renewal and payment of premiums (IPF)

  • Prepare cost-benefit analysis on any sales and marketing activity and promotions to gauge return on investments.

  • Periodical evaluation of customers trading terms to ensure no exposure or constraint business operations.

  • Create forecasts of future business conditions using multiple scenarios.

  • Act as finance liaison officer to the sales and marketing team on pricing queries and computations.

  • Gather ad-hoc information relevant to development of pricing structures.

  • Perform variance analysis between actual, forecasts and budgets (volume, price & mix)

  • Key account participation internally and externally (at Customer site)

  • Participate in volume, net sales revenue and selling expenses generation for LE & AOP

  • Prepare sales reports for inclusion in management reports and Board packs

  • Represent finance at demand planning meetings during the S & OP process.

    Skills & Qualifications;

  • Bachelor’s degree in Accounting or Finance.

  • Post Graduate qualification will be an added advantage

  • CPA K

  • Knowledge and use of ERP

  • FMCG or B2B industry experience is an added advantage

  • Minimum of 5 years experience finance and accounting experience including coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger and payroll

  • Proficient in spreadsheets, databases, MS Office and financial software applications

  • Excellent time management skills, with the ability to perform multiple tasks and meet critical deadlines while maintaining accuracy and quality.

  • Proven ability to make complex and time-sensitive decisions in the best interests of the organization.

  • High level of integrity

    How to Apply

  • If you are up to the challenge, possess the necessary qualification and experience; please send your CV only quoting the job title on the email subject (Financial Accountant/ Market Finance) to

  • on or before Friday 22nd October 2020.

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