Management Accountant at Momentum Credit

Job description

Can you advise managers about the financial implications of business decisions to aid growth and profit? Are you passionate about interpreting financial information? Do you enjoy working in a fast-paced startup environment?

Momentum Credit provides working capital solutions to small businesses and individuals. The Management Accountant will play a crucial role in handling essentially all financial matters and thus helping to drive the business’s overall management and strategy. Broadly, this role combines accounting, finance and management with the techniques needed to drive successful business.

The successful candidate will report to the Finance Director and will not supervise any staff initially. Momentum Credit believes in allowing its team to explore their potential and they fully support each member at each phase of their career progression towards career growth.

Picture of Success:

Success shall be evaluated on the progress of attaining the following goals:

• Daily
  • Ensure that all general ledgers and their subsidiaries reconcile at the end of the day
  • Analyze movements to ensure that they are in line with policies and procedures
  • Work out product allocations and ensure that all costs are apportioned appropriately to all products by COB 3
  • Ensure that intercompany accounts reconcile at the close of business
  • Ensure that inter Branch accounts are NIL by COB
  • Compute expected repayments (P&I) and reconcile to ensure that the system accounts for the same accurately. Ensure Loan repayments are as per expectations by the system
  • Ensure correct allocation of P&I every day
  • Ensue that tax is recorded and reconciles daily and returns are filed appropriately by COB
  • Conduct due diligence on all financial reports to ensure that they reflect a true and fair position of the business every COB.
  • Maintain an updated Debt Treasury Register
• Weekly
  • Attend the meetings and make a meaningful contribution
  • Prepare and submit consolidated General ledger. Reconciliation to be completed every Friday
  • Update treasury management report every Friday by 5:00 PM
• Monthly
  • Produce a General Ledger Reconciliation for all
  • Work out product allocations and ensure that all costs are apportioned appropriately to all products by last day of the month
  • Ensure that intercompany accounts reconcile before the last day of the month
  • Ensure that inter Branch accounts are NIL by the last day of the month
  • Reconcile the loan repayments versus expected receipts by the last day of the month
  • Ensure that tax is recorded and reconciles against returns by the last day of the
  • Verify management accounts to ensure that they represent a true and fair position of MCL business, before presentation to management
  • Maintain an updated Debt Treasury Register
  • Review budgets to advice on the variances and better ways of resource allocation
  • Reconcile lease agreements to ensure that invoicing has been done accurately
  • Prepare investors reports in accordance with the requirements
• Quarterly
  • Prepare audit schedules

Minimum Requirements:

• 2 Years relevant work experience
• Bachelor’s degree in accounting or finance
• CPA(K)
• The ability to work as part of a team
• Excellent analytical and numerical abilities
• Accuracy and an eye for detail
• Strong strategic thinker with a deep desire to win
• Highly motivated and ambitious individual with unquestionable integrity