Bio Foods is a Dairy Company pioneering new concepts in products and packaging within the East African and Sub Saharan Region since inception. Currently leading in the functional dairy foods segment in the region and assisting the population in reaping benefits in health.
The financial accountant will be responsible for preparing financial reports in order to assess the financial performance of the business and assist the business in implementing efficient and diligent financial practices. The financial accountant is heavily involved in the day to day running of the company accounts with the responsibility of making observations of the financial state of the organization.
Key responsibilities include:
- Preparing periodical financial reports, including the profit and loss statement and balance sheet on a monthly and annual basis
- Preparing weekly cash flow statement reports and controlling expenditure and cash flow
- Developing financial statements for account reconciliations, account receivables, account payables, revenue expenditure, etc
- Perform month-end closing activities such as account reconciliation, revenue accounting, expense accounting, etc.
- Ensure financial records comply with company policies and accounting principles
- Analyzing data and examining financial records to ensure accuracy and no material errors
- Identify accounting errors or discrepancies and suggest necessary corrective action
- Oversee account receivables and payables activities
- Playing a key role in the preparation of yearend accounts and statutory accounts
- Responding to financial inquiries from employees
- Support business profitability and growth through identifying insights from financial data and making recommendations on the same
- Lead the preparation of annual budget, forecast and projections.
- Effectively manage working capital and cash flows to drive a healthy liquidity position for the business
- Review and analyze current accounting systems and internal controls, making suggestions for improvement where necessary
- Carrying out tax reporting, preparing and submitting tax returns on a timely basis
- Responsible for cash and treasury management
- Support other departments in financial analysis where necessary
- Assist in preparing the necessary documentation for annual financial audits and act as key liaison with external auditors
- Lead, coach, and mentor the financial accounting team
Requirements
Skills and Attributes
- Ability to develop strong working relationships
- Experience in ERP systems, preferably SAP Business One
- Excellent negotiation skills
- Excellent verbal and written communication skills
- High level of commercial and business awareness
- High levels of diligence and precision
- Strong analytical skills with the ability to anticipate risks
- Excellent Excel capabilities
- Excellent communication capabilities, both written and verbal
- Passionate about learning and continuous improvement
- Strong risk analysis skills
- Ability to deliver quality work under pressure and stick to time constraints in order to meet deadlines
- Positive attitude and can-do mentality
- Experienced in leading teams
Education and Experience Level
- Bachelor’s degree in Finance, Accounting or other business-related field
- Certified Public Accountant (CPA/K; or ACCA)
- Minimum of 5 years experience in FMCG industry or Big 4 experience
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