Senior Accountant

3 months ago

Nairobi, Nairobi Area, Kenya Corporate Staffing Services Full time

We are a leading group of schools offering both British International Curriculum and the Kenyan System of Education with branches in various counties. Due to our growth prospects and our strategic plan, we seek to fill the following key vacant position with high caliber, self- motivated; result oriented and experienced professionals to join our ecosystem.

Job Summary;

The overall purpose of the job is to oversee the school's accounts payables process, ensuring precise and prompt billing, collection, and financial reporting. Additionally, the role is also responsible for analysing financial data and making recommendations to enhance financial performance while ensuring accuracy and compliance of the school's financial records.

Duties and Responsibilities

  • Obtain and update supplier invoices, payment schedules to ensure timely payments;

  • Prepare reconciliations for accounts payables from various sources for accurate recordkeeping; Maintain and provide accurate supplier balance monthly.

  • Investigate and resolve discrepancies and payment issues for correct financial records and timely payments; Ensuring payment controls are adhered to by all stakeholders, obtaining correct invoices and receipts and matching the same to Local purchase orders/Requisitions signed off.

  • Laisse with treasury and Chief reporting accountant for timely supplier payment planning and tracking of institutions cash flow.

  • Review and returns recollections for funds released. Prepare reconciliations for all petty cash receipts payments and receipts.

  • Prepare monthly financial reports, including accounts payables aging reports and cash flow statements, to provide timely financial information to school management;

  • Develop and implement payment policies and procedures for accurate billing and payment processing;

  • Communicate payment policies and procedures to parents for their financial responsibilities and obligations;

  • Monitor compliance with payment policies and procedures and take corrective actions when necessary;

  • Develop and manage the annual budget for the accounts payables department for efficient use of financial resources;

  • Supervise and provide guidance to the accounts payables officer for accurate and timely financial reporting;

  • Evaluate staff performance and provide feedback for professional growth and development;

  • Process refunds, adjustments, and write-offs for accurate financial records;

  • Conduct regular audits of accounts payables and collaborate with external auditors for annual audits and compliance with legal and regulatory requirements;

  • Develop and implement internal controls and procedures to prevent fraud and ensure accuracy of financial records;

  • Provide financial data and analysis to support strategic planning and decision-making by school management;

  • Analyse accounts payables data and generate reports for insights on outstanding balances;

  • Keep up-to-date with developments in accounting standards, financial regulations, and industry best practices and advise the school accordingly, and

  • Ensure compliance with accounting principles, standards, and regulations to maintain financial integrity;

  • Any other responsibilities assigned to the jobholder by the supervisor from time to time.

    Qualifications
    • Bachelor's degree in finance, accounting, business administration, or an equivalent

    • CPA (K) professional qualification

    • Minimum 5 years' of relevant experience

    • Desired Competencies and Attributes

    • A person with high level of integrity

    • Good time management skills with an ability to prioritize work

    • Must have strong financial management skills

    • Excellent analytical skills and experience in creating reports and presentation

    • Familiarity with budget preparation and cash flow management

      How to Apply;

      Are you qualified for this position and are interested in working with us? We would
      like to hear from you. Kindly send a copy of your updated resume and letter of application in PDF format. Clearly indicating the job title on the subject email to; not later than 12th April, 2024.
      Shortlisting will be done on a rolling basis. Due to the large number of applications that we receive, kindly note that only shortlisted candidates will be contacted. Kitengela International
      School is an equal opportunity employer and does not ask for money from applicants under any circumstances during the recruitment process.

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