Our client is seeking applicants for the position of Senior Accountant as per the below specifications.: –
Details of hiring Company: oil and gas industry.
Job Position: – Senior Accountant.
Job-type: – Full-Time.
Job Category: – Finance & Accounting.
Reporting to: – Finance Manager
Salary: – To be discussed with short-listed applicants.
Job Purpose
The senior accountant will oversee accounting activities in the company and will be responsible for ensuring that all the company’s accounting activities are managed through a robust and proactive reporting system and provide accurate financial reporting insights to enable comprehensive decision making.
The role will entail a strong bias to treasury accounting duties including but not limited to preparation of regular bank reconciliation reports, daily bank monitoring (to update records and transactions) and primary contact for bank relationships.
The senior accountant will also be expected to work with other departmental heads and staff on financial matters that cut across the entire organization, the larger finance department. He or she shall be expected to make
recommendations for systems improvements across the finance department and oversee the implementation of approved changes across the department upon approval.
Main Responsibilities Treassury Accounting
- Preparation of daily Bank Position – balances and movements,
- Cash Forecasting, monitoring and management,
- Allocation of payments and receipts against related invoices,
- Securing a proper collection of receivables by obtaining confirmation of payment and pre-advising funds to banks; Monitoring in time issuance of receivable invoices,
- Weekly cashbook analysis, reporting and bank reconciliation,
- Primary contact for bank relationships, Bank accounts opening and maintenance, online banking management and any other banking requirements or activity, Checking the execution by banks of transfer instructions, Day to day clearing and posting of bank statements, Monthly bank reconciliation,
- Payments preparation and monitoring and other bank related forms as the occasion requires,
- Co-operating closely with other department heads in order to clarify and agree upon efficient and reliable interdepartmental workflows, procedures and processes.
Financial, Accounting and Reporting
- Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate Generally Accepted Accounting Principles and regulatory requirement,
- Maintain internal controls, safeguard, and coordinate all audit activities,
- Manage cash flow and forecasting. Develop a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs,
- Optimize the handling of banking relationships and initiate appropriate strategies to enhance the company’s cash positions,
- Oversee budgeting and the implementation of budgets to monitor progress and present financial metrics both internally and externally (where relevant),
- Safeguarding of the company’s assets i.e., cheque books and other financial documents, fixed assets register and ensuring that they are adequately covered by appropriate insurance covers,
- Ensuring total compliance with the regulatory requirements particularly on matters regarding establishing efficient fiscal structures and filing of tax returns including NHIF and NSSF returns as well as ensuring these are done on schedule and that records are kept well to avoid any non-conformity and non-compliance,
- Preparing and presenting monthly reports for further analysis. This will entail but not limited to bank reconciliations, monthly financial reports, quarterly BOD reports and internal and external audit reports,
- Providing variance analysis from budget & forecast, identifying any value adding opportunities for trend analysis and commentary to assist forecasting and budgetary requirements,
- Lead in the documentation of all financial books and records and review, maintain, and reconcile general ledgers and sub ledgers in the financial information system,
- Keep abreast of changes in financial regulations and legislation, including in the oil industry, and ensure compliance with statutory obligations to minimise risk of litigation, financial and reputational loss,
- Ensure accurate and timely financial reporting of all business
- Lead in the development and implementation of financial policies and procedures within the accounting department and the entire organisation
- Ensure That All Expenditures Are Aligned to Company’s Budgets and Prepare Regular Analysis Of Status Highlighting Any Areas Of Concern
- Support the finance function in preparation of monthly performance/variance analyses and forecast reports, carrying out cash flow analysis and management (financial projections) to inform management decisions,
- Lead the accounting department in the preparation and monitoring the business’s annual budgets and liaises with external auditors to drive ad hoc projects that will improve process,
- Ensures that there is a proactive engagement across the accounting department in implementing audit findings with a view of improving the business’s overall financial performance and position,
- Review monthly expenditure and recommend areas where savings can be achieved,
- Participate in identifying financial risks, and threats pertaining to financial processes and systems of the organisation,
- Coordinate, prepare and submit external audit.
Disbursement of Payments
- Disburse all payments and funds including tax payments in an accurate and timely manner and ensure the update of the general ledger and sub ledgers
- Always ensure compliance with the company’s financial policies and standards when making payments,
- Ensure that taxes and other statutory dues are paid in accordance with the stated timelines, and reporting made timely and accurately
Financial Administration
- Always manage inventory (consumables and fixed assets), and ensure that the company’s fixed assets are on the register,
- Support the finance manager in ensuring that routine financial administration is carried out in accordance with good accounting practice,
- Maintain financial records (both system and physical),
- Actively participate in the sensitisation of staff and suppliers and provide guidance on improved payment processes, accountability, and practices,
- Engage the company’s relevant stakeholders – banks, tax authorities, any other partners.
Research/Knowledge/Opportunity
- The position takes initiative in ensuring departmental compliance with tax requirements as well as with accepted accounting standards,
- The staff will also attend regular finance forums/meetings both internally and externally to gather useful knowledge and insights that can be applied within the accounting department and the organisation,
- They are expected to make recommendations for systems improvements across the finance department and oversee the implementation of approved changes across the department and organisation.
Other Duties
- Perform similar duties as deemed fit for the proper execution of their duties and any other duties as delegated by the company’s Finance Manager.
Qualifications
- Qualified Accountant (ACCA or CPA or equivalent) and degree in related field e.g., Accounting or finance,
- A minimum of 4 years’ experience at a senior accounting position and preferably in the oil industry,
- Advanced MS Excel skills and previous experience in using an accounting system(s) or ERP system,
- Good knowledge of IFRS and Tax Management under Kenyan tax laws,
- A very good knowledge of accounting in the oil industry environment,
- Experience in treasury accounting is an added advantage.
- Good knowledge of accounting in a multi-currency financial environment encompassing accounting and reporting on foreign currency exposure,
- Established track record of delivering quality product to tight deadlines and of balancing multiple commitments,
- Interact with diplomacy and tact and follow-up on requests in a timely and efficient manner,
- Demonstrate written and verbal communication skills to effectively present information, strengthen capacity, respond to questions, and write reports, policies and procedures,
- Self-motivated, results focused and able to work with minimal supervision,
- Experience of working with people from diverse backgrounds, demonstrating respect for, and understanding of, cultural differences and has good people management skills,
- Good problem-solver, analytical, creative, innovative skills.
How to Apply
Any person who wishes to be considered for this position is requested to submit their application letters together with copies of relevant certificates, testimonials/references, and any valid professional licenses to the email
address below by latest Friday, 12 May 2023.
Executive Recruitment, Ariki Consulting,
Nairobi, Kenya.
Email address: [email protected]
