Revenue Accountant

1 day ago

Kenya AKDN Full time 1,200,000 - 2,400,000 per year
Job Description
The Aga Khan Education Services (AKES) is one of the largest private, not-for-profit, non-denominational educational networks in the Global South. AKES currently operates over 190 pre-primary, primary, secondary and higher secondary schools and more than 100 non-formal education programmes in diverse geographic locations in Afghanistan, Bangladesh, India, Kenya, Kyrgyzstan, Pakistan, Tajikistan, Tanzania, Uganda and the United Arab Emirates. Most schools offer their respective country's national curricula, with some schools in East Africa and Bangladesh also offering the International Baccalaureate (IB) and the International General Certificate of Secondary Education (IGCSE). AKES employs over 6,500 teachers and staff and educates over 104,700 students. More information...

The requirements
  • Bachelor's degree in Finance or Accounting.
  • A completed professional of CPA (K) or ACCA.
  • Minimum of 3 years of proven experience in revenue accounting.
  • Extensive work experience in a school environment is a distinct advantage.
  • High proficiency in Microsoft Office Applications and knowledge of a major accounting software.
  • Strong analytical ability and meticulous orientation to detail.
  • Proven skills in planning, organizing and coordinating.
  • Excellent written and inter-personal communication skills.
  • Unquestionable integrity, reliability and a commitment to confidentiality.
  •  
The Revenue Accountant will be responsible for the entire accounts receivable cycle, ensuring robust internal controls, strict adherence to financial policies, and the accurate & timely recording of all revenue transactions. The role acts as a central point of expertise and support for school level bursars, directly impacting the financial health and operational stability of our schools.

Key Responsibilities and Duties
The successful candidate will be directly accountable for the following:
  • Revenue Accounting & Bank Reconciliation: Oversee the student invoicing process, reconcile the Student Information System (SIS) with revenue records and class registers, and ensure all students are billed correctly per the approved fee structure, perform timely and accurate bank reconciliations
  • Compliance & Control: Ensure all financial transactions comply with school policies and accounting standards. Validate all discounts, staff rebates scholarships, and financial assistance against approved schedules. Ensure the completeness of receipt sequences and reconcile all receipts to bank deposits.
  • Debt Management & Reporting: Proactively manage the collection of outstanding payments, monitor overdue accounts, and maintain accurate aging reports. Prepare regular accounts receivable reports, aging analyses, and revenue performance data for management.
  • Financial Reporting & Analysis: Support the annual revenue budgeting process, perform variance analysis, and conduct competitor set analysis to inform fee structure approvals. Provide accurate student statistics and revenue narratives.
  • Systems & Process Improvement: Identify and implement opportunities for process improvement and automation within the revenue function.
  • Stakeholder Support & Capacity Building: Train, mentor, and provide ongoing support to school bursars on the SIS, Excel, and revenue reporting. Serve as a point of contact for resolving complex revenue-related inquiries from schools and parents.
  • Audit & Compliance: Ensure full readiness for internal and external audits by preparing all necessary documentation and reconciliations for debtors and bank.

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