Senior Financial Accountant at Centum

Job Description:

The role reports to the General Manager and will be responsible to all accounting and finance related services which shall include  to posting of all transactions, cost tracking, general ledger maintenance,  financial reporting, tax filing, budgeting and processing payments among other responsibilities.

Accounting & Transaction Processing

• Monthly/quarterly finance close procedures and reporting of financial results
• Analyze balance sheet and expense accounts and prepare necessary journal entry adjustments and general ledger maintenance
• Ensure proper accounting and posting of transactions accordance with lease terms and applicable accounting rules, including lease rental income accrual, depreciation charges, receivables, prepayments etc
• Preparation of invoices for rental payments and other receivables
• Institution of financial controls in line with approved budgets
• Processing of payments per the procurement guidelines

Budgets

• Prepare, analyse, monitor and report project financial information including budgets, expenditure, forecasts, cost control and cash flows
• Assist in preparation and update of budgets and forecasts including assumptions
• Track all costs and budget including processing of all related invoices and lead quarterly budget meetings to identify and discuss any cost / budget issues
• Coordinate with the business team and group finance team to reconcile budgets against funding line / financing source
• Coordinate with financiers to ensure drawdowns are undertaken as scheduled and repayments structured accordingly
• Identify and report on expenditure, budget and income variations as well as implementing monitoring processes to provide for effective project management and deliver

Working Capital Management

• Regular assessment of operating liquidity needs and liaising with operations team to fund the accounts on a need basis.
• Cash flows forecasting and weekly reporting on liquidity position.
• Key liaison with bankers on the current account operations.
• Forex cost management

Internal Controls 

• Maintain  and monitor costs and expenses within the approved budgets
• Ensure correct account

Financial Reporting & Analysis

• External and internal audit support
• Preparation of annual financial statements 
• Prepare ad hoc financial analysis for management

Compliance

• Ensure compliance with all company policies and procedures.
• Monthly filing and payment of VAT and Withholding tax.

Other duties

• Organization of physical accounting files, maintain  related records including insurance, invoices and LPO’s
•  Ensure financial management tools and information systems are up to date and reconciled between themselves
• Perform own administrative duties

Minimum Requirements/ Competencies:

• Bachelor of Commerce/Bachelor of Business Administration or an equivalent.
• CPA(K) or equivalent is a must.
• Minimum of 4 years experience in a similar environment
• Expertise in financial operations, accounting controls, working capital management, financial statement reporting and analysis, regulatory compliance, tax management and budgeting.
• Up-to-date applied knowledge of International Financial Reporting Standards and tax regulations.
• Experience in an equipment leasing environment will be an added advantage
• Excellent analytical and numerical abilities
• Proficiency in IT
• Excellent communication skills, problem solver with strong attention to detail
• Team player with ability to work effectively and make decisions independently
• Commercial awareness and sound business knowledge