Cash & Bank Assistant at Twiga Foods

Twiga Foods is looking for suitable candidates to fill the position of a Cash & Bank Assistant. the role holder will be accountable for responsible for organizing, initiating, and tracking all outgoing payment transactions in the defined manner for the purpose of proper payables and treasury management. The role holder will also be responsible for preparing the weekly bank reconciliations for all accounts, as well as preparing monthly cash forecast.

Key Responsibilities

Payment Execution: On a continuous basis:

• Initialize all outgoing payments for fully reconciled and signed off payment reconciliations and ensuring appropriate and timely signatory approvals.
• Perform posting of all completed payments into individual supplier ledgers against bank according to remittance advise provided.
• Circulate to all internal and external payees, proof of payments supported by the remittance advise detailing the make-up of the payments.

Treasury process:

• Performing bank reconciliations to ensure accurate real-time balances and following up on any unreconciled amounts and irregularities.
• Preparing a 90-day rolling cash forecast and highlighting any low cash balance instances on a timely basis.
• Overseeing the adequate funding of all special purpose accounts (Mpesa, Salary etc) and ensuring all sweep instructions are carried out on a timely basis.
• Initializing all foreign currency trades
• Responsible for all account opening, amendment and closing processes.

Reporting process:

• Supporting the monthly, quarterly, and annual management reporting with specific emphasis on physical vouching of payment documents.
• Stakeholder Relations Management: Maintain continuous communication with internal and external stakeholder with prompt turn-around to queries regarding payments.
• Document Management: ensure the safe and orderly archiving of all payment and payment related documents for the time required to meet audit, legal and tax queries.
• Ensure safe custody of bank statements, company cheque books, inward cheques and any bank correspondences.

Cross-Team responsibilities:

• Participate in the physical stock taking exercise in conjunction with the wider accounting team weekly /monthly.
• Participate in the business wide Fixed Asset verification exercise on a quarterly basis.
• Participate in interim and final statutory audit, tax audits and any other assessments the business may be engaged in with specific emphasis on physical vouching of payment documents.

Minimum Qualifications And Experience

• Have at least 1 years working experience in a busy accounting environment (with considerable exposure to high volume of payables accounting).
• Have prior experience working with an ERP/Substantial accounting software.
• Have a university degree in Business, Economics, or relevant field.
• (CPA-part 1) or ACCA equivalent.
• Certificate/Diploma in Monetary Studies/Banking an added advantage.
• Have a good working knowledge of MS Excel skills