Financial Accountant at Alternate Doors

Our client in the ICT industry is currently looking to hire a Financial Accountant.

Job Responsibilities

• Prepare the company’s annual budget as well as sales forecasts and submit it to the Finance Manager for approval at the beginning of each calendar year.
• Prepare monthly analysis of cost of goods sold and operational expenses against prior budget and previous years’ performance, providing recommendations to help mitigate the risks.
• Identify, investigate, and analyze potential operational improvement. As appropriate, based on findings make recommendations for operational changes (policy, procedures, processes, etc.) and submit them to the Finance Manager on a monthly basis.
• Providing financial advice to Business Unit Managers by studying operational issues; applying financial principles and practices; developing recommendations.
• Handling statutory deductions and tax payments while observing the stipulated deadline dates of submission, this includes the following taxes, Income tax, VAT, PAYE, Withholding tax, NHIF, NSSF NITA levies etc.
• Computation and timely payment of sales commissions for the sales teams in the different business units.
• Handling cheque payments and maintaining the dispatch register and monthly bank reconciliation for all accounts operated by the business units.
• Implementation of financial risk management policies of the company, which include insurance of assets and open risks, tax risk management and forex risks. Ensure also that the company working capital is safeguarded by maintaining adequate cash flow.
• Manage the debtors accounts and maintain constant follow ups with the business unit managers to ensure that the accounts are settled in a timely manner
• Generation and analysis of financial reports and submitting them to the relevant personnel for action, this includes monthly, quarterly and half year management accounts.
• Ensuring that supplier accounts are reconciled on a monthly basis and maintain necessary records of the same, maintenance of a proper filing and retrieval system of purchases invoices, supplier statements payment vouchers.
• Ensure correct costing of landed price is done and selling price derived based on set profit margins for all imported stocks.
• Preparing project budgets at the start of the project -liaising with technical, procurement and Customer Service departments.
• Preparing project costing reports on a monthly basis and sharing them with the relevant departments.
• Preparing monthly departmental budgetary allocations and sharing them with the relevant personnel for implementation
• Take part in preparation for both external and internal audits and ensure effective implementation of audit recommendations, making of final accounts.
• Training and orientation of junior accounting staff.
• Sourcing for local suppliers of goods and services as well as handling the payment procedure for the same.
• Any other duty as may be assigned by the supervisor or management from time to time

Qualifications

• Degree in Finance Management or its equivalent
• CPA K
• Registration with ICPAK is an added advantage
• At least 5 years’ experience in a busy environment
• Experience in handling audits is a mandatory requirement