Accountant at Twiga Foods

Job description

About the Role

Twiga Foods is looking to hire an accountant who will support the finance team in all its functions ranging from bookkeeping, financial reporting to stock auditing. The accountant will work under the Senior Accountant and report to the Financial Controller. Candidates with good experience working within decentralized FMCG and manufacturing companies are highly preferred.

Responsibilities

• Inventory management: Developing inventory analysis reports and analyzing variances, Reconciling inventory accounts to the general ledger, monitoring inventory transactions, assisting in the improvement in internal controls related to inventory.
• Online banking: Initiating and facilitating B2C payments to both employees and suppliers.
• Foreign currency transactions: Negotiating for favorable forex rates, initiating and facilitating foreign currency transactions.
• Invoice processing: Reviewing and verifying invoices received and booking the invoices into the ERP system to ensure timely payments to suppliers.
• Payment processing: Receiving invoices for payment processing, initiating the payment process and ensuring all payments comply with financial policies and procedures before approval and updating supplier statement reconciliations. Ensuring all internal controls within the payment process are safeguarded and working well within the organization. Monthly cash flow projections and budgeting.
• Staff advances: Processing of payments to employees as per pre-approved budgets, Tracking the advances and preparing a schedule of outstanding advances and update the same every month.
• Bookkeeping: Posting journals in the ERP, maintaining accounts payable in the ERP.
• Fixed assets accounting: maintaining a fixed asset register and updating it with any additions, disposals and depreciation charge as per the requirements of IAS 16.
• Statutory payments: Filing monthly returns (VAT, PAYE, NHIF, NSSF, NITA) as per the legal requirements. Also ensuring that the statutory payments are made on time and evidence of payment is filed.
• Financial reporting: Assisting the Financial controller in the preparation of monthly Management Accounts.
• Training: Training on financial policies and procedures to non-finance staff.
• Audit: Help with preparation of internal and external audits and responding to queries.

Requirements:

• Bachelor’s degree in business related field preferably in Accounting or Finance from a recognized university.
• Accounting certification: CPA (K)
• Excellent command of all Microsoft Office suite applications.
• Maximum 5 years work experience