NFT Consult Group Financial Accountant - Jobs in Kenya

NFT Consult Group Financial Accountant - Jobs in Kenya

The role reports to the Group Financial Controller.

The role will have no direct reports.

Interactions will be with Internal, external customers and auditors.

Key Accountabilities

Monthly Book Closure

  • Supervising and managing operating companies’ month end close processes in accordance with group timelines
  • Follow up the strict adherence to cut-off periods by operating companies
  • Follow up with country operations to ensure maintenance of the General Ledger and that all balances are accurate and complete
  • Take ownership of consolidated Book of Accounts, Review, sign-off and ensuring compliance, including monthly/ Quarterly /Annual closure as per IAS & IFRS standard.

    Balance Sheet Reviews

  • Drive review of country operations month-end balance sheet reconciliation files;
  • Ensure accuracy of additions, disposals and depreciation for tangible and intangible assets as well as overseeing the annual verification of company assets
  • Ensure accuracy and completeness of CWIP aging
  • Ensure accuracy of operating countries’ inventories including coordination of periodic stock counts to identify variances in raw materials, spares and other stock items
  • Review of trade Debtors and Creditors aging including Identifying and formulating strategies to help drive Collections and Bad
  • Debts performance as well as creditors’ management;
  • Oversee the completion of insurance renewals every year and coordination of forwarding of insurance claims and following up on payment per SLA
  • Responsible for inter-company reconciliations
  • Monitoring of daily/ weekly and monthly bank reconciliations and prompt resolution of aged reconciling items
  • Review of bank and inter-company loans balances including interest computations
  • Zero unexplained variance between FAR and GL
  • Zero uncapitalized CWIP for assets that are in use
  • Zero unexplained/ unadjusted stock variances
  • Zero trade debtors greater than that credit limit/ credit period

    Treasury Management

  • Drive operating companies’ preparation of weekly 90-day cash flow forecasts
  • Foster operating companies regular monitoring and management of Working Capital & long-term funding needs
  • Review operating companies Bank reconciliations and flag big ticket/ aged items
    cash flow forecasts
    with >90% accuracy;
  • ST and LT funding linked to strategy
  • Daily Bank reconciliations

    Procedures, Processes and Quality Assurance

  • Develop and implement financial control policies and procedures
  • Identify and provide short to medium term tactical direction in ensuring financial processes are implemented
  • Develop a review mechanism to ensure and measure compliance to relevant policies (Accounting policies, Shared services, SODA, etc)
  • Continuous improvement of financial procedures and controls by ensuring processes and procedures in place are updated regularly
  • Quality assurance of audit items by ensuring corrective action on any gaps on controls identified from internal audits are addressed
  • Ensuring request for approvals (RFA) for Capital Expenditure are done in accordance with SODA

    Tax planning

  • Monthly review of all country tax accounts including year-end review of corporate and deferred tax accounts in liaison with external auditors
  • Develop internal tax policies e.g. Transfer Pricing Policy
  • Ensure compliance to local tax laws e.g. PAYE, WHT, VAT, Compensating Tax (Dividend), etc including payments and returns
  • Responsible for follow up on any tax claims
  • Any other responsibility assigned by management

  • Minimum Requirement: Bachelor’s degree, CPA K/ ACCA
  • Added advantage: ERP Experience (SAP) ,
  • FMCG Experience, Tax experience

  • Minimum 7 years in financial accounting.
  • Experience working on ERP/ SAP.
  • Working knowledge of internal controls - specifically at manufacturing site level.

    How to Apply
  • Interested and qualified candidates should apply online by 3rd May 2019
  • For more information and job application details, see; NFT Consult Group Financial Accountant - Jobs in Kenya

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