Job Brief
Jafari Credit ltd, is looking for an agile and ambitious individual with strong execution capacity to join the team as a Senior Accountant.
The role holder will be be responsible for financial reporting, financial operations, and compliance for Jafari Credit Limited. The specific responsibilities include:
Management of the loan book
- Oversee posting of loan transactions in the accounting software.
- Ensure the processing of loan disbursement requests for new loans;
- Manage the loan receivables process by ensuring adherence to the company’s credit policy-daily/weekly tracking and reporting of receivables and computation of IFRS 9 provisions; and
- Aid in the development of debt collection policies, manage debt collectors and other stakeholders in line with debt collection practices.
Budgeting and Forecasting
- Prepare annual budgets for Jafari Credit Limited; and
- Prepare forecasts for the company with accompanying analysis and commentary of the forecasts against budgets, strategy, and prior year.
Management accounting and reporting
- Completion of monthly finance close procedures and reporting of financial results;
- Preparation of monthly performance reports for the Company with accompanying analysis and commentary of the performance against budgets, strategy, and prior year;
- Preparation of monthly balance sheet reconciliations and the necessary journal entry adjustments;
- Analyzing complex financial data and actively recommending corrective actions as necessary; and
- Assist in the adhoc financial analysis and preparation of technical papers as and when requested.
Statutory reporting
- Preparation of statutory financial statements in accordance with IFRS and applicable local regulations;
- Preparation of company financial analysis and commentary for the Board; and
- Support the external auditors during the statutory audit and ensure timely completion of the statutory audit process.
Treasury Management
- Regular assessment of the company’s liquidity needs and ensure accounts are funded to meet obligations;
- Accurate and timely preparation of short- and medium-term cash flow forecasts including analysis of bank balances and preparation of the weekly and ad hoc cash position reports; and
- Liaising with bankers on the operation of the Company’s bank accounts.
Finance Operations
- Developing and implementing sound accounting policies & processes;
- Ensure procurement is done per the procurement policy;
- Regular   review   and   validation   of   the General Ledger, oversee receivables processing, payables processing, payroll processing, bank reconciliations and other finance operational procedures.
- Lead customization and integration efforts to make accounting and supporting systems fit for purpose in relation to the business needs.
- Monthly tax filing, including preparation of tax schedules for filing of taxes, ensuring timely tax payments and proper tax accounting.
Risk Management & Internal Audit
- Work closely with the Risk department and Business unit leaders in identifying key risks facing the business and update the risk register on an ongoing basis; and
- Internal Audit support including provision of information during audits and implementation of recommendations therefrom.
Education and Experience
- Bachelor’s degree in business administration, Commerce, Accounting, or a business-related field.
- CPA(K) or equivalent qualification is mandatory.
- A member of ICPAK, ACCA or similar association.
- Minimum of 5 years’ experience in financial services.
- In-depth understanding of International Financial Reporting Standards (IFRS) and tax regulations.
- Aptitude for numbers and quantitative skills.
- Advanced MS Excel skills with superior analytical skills.
- Hands-on experience with accounting software like SAP will be an added advantage.
