DEPARTMENT: FINANCE AND ADMINISTRATION
REPORTING RELATIONSHIP: CHIEF ACCOUNTANT
AREA OF SCOPE: REGIONAL LOGISTICS CENTRE LIMITED – MOMBASA
JOB SUMMARY: Reporting to the Chief Accountant, The Financial Accountant will be responsible for accurate and effective management of accounts receivable ledgers. Enforcing all process, policies and procedures relating to all Accounts receivables, including business unit accounts and debt collection. Processing of accounting transactions, the operation of accounting systems controls and preparation of reports and reconciliations for review.
He will ensure the effective financial running and rigorous control management and process disciplines.
KEYRESULTS AREAS (RESPONSIBILITIES):
RESPONSIBILITIES
- Supervising and managing operating companies’ month-end close processes in accordance with set timelines
- Follow up with business unit 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.
- Drive review of company’s operations month-end balance sheet reconciliation files;
- 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
- Oversee the completion of insurance renewals every year and coordination of forwarding of insurance claims and following up on payment per SLA
- Monitoring of daily/ weekly and monthly bank reconciliations and prompt resolution of aged reconciling items
- Coordinating accurate and prompt year-end financial closure and auditing of Operating Companies
- Preparation of the annual consolidated audited accounts and ensure timely completion and sign-off of group audited accounts
- Drive operating companies’ preparation of weekly 90-day cash flow forecasts
- Develop a review mechanism to ensure and measure compliance to relevant policies (Accounting policies, Shared services)
- Quality assurance of audit items by ensuring corrective action on any gaps on controls identified from internal audits are addressed
- 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
- Regular checking Bank online transactions, bank reconciliations, following up on outstanding issues with bank.
- Monitoring fixed asset register, stock asset account, GIT account, GIT supplier account and comparing actual cost of vs budgets and making adjustments.
- Responsible for overall reports and management on both procurement and accounts payable.
- He/she will be will manage accounts receivable, reports and Account receivable reconciliations.
- Monthly Preparation and production of the financial reports and management accounts.
- Monthly reports for payroll and wages summary and payments.
- Bank agent for collection of cash, statements and any other correspondence
- Back up of Finance ERPs
- Preparation of the monthly age analysis and reconciling the control account to the age analysis.
- Reconciliation of all intercompany debtors accounts.
- Preparing monthly customer statements of accounts and timely submissions to customers
- Carrying out thorough daily night audits on revenue generating units to ensure completeness and accuracy checks.
- Providing staff deductions to the Payroll accountant – Participate in Internal and External Audit
- Annual audit preparation.
- Maintaining a filing system for account receivable records.
- Ensuring effective debt collections.
- Any other assignment by the management
QUALIFICATION/SKILLS/COMPETECES
- A bachelor’s degree in Accounting, Finance or business-related field;
- Professional qualification in Finance or Accounting such as CFA, CPA or ACCA;
- At least 5 years’ job related management experience including 2 years in a management accounting function.
- Strong analytical skills.
- Understanding of business realities and well developed business acumen.
- Exposure to and participation in business and financial planning and decision making.
- Proven integrity, transparency and accountability through work performance
- Able to work under time pressure. Ability to handle multiple tasks and follow through without compromising quality
- A good appreciation of financial reporting
- Attention to detail & Ability to multitask
- Ability to work under minimal supervision
Salary Expectations: Open.
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The post Financial Accountant at Regional Logistics Centre Limited is republished from Jobs – Jobs in Kenya – http://jobwebkenya.com/
