Chief Accountant at Ngong Veg Limited

To lead the analysis of financial operations and accounting practices and provide insights for sound business decision-making and overall business strategy in line with Company's objectives.

Strategic

• Provide strategic analysis and guidance for the company and all business units.
• Evaluate business decisions and advise management on best options or alternatives based on risk and return.
• Ensuring that any decision taken maximizes the value of the company.

Establish Controls, Review, and Implementation:

Ensure the safeguarding of Company assets by:

• Developing and reviewing internal controls from time to time to ensure they are effective and valid.
• Ensure that control procedures are followed with constant review to ensure their effectiveness.
• Ensure that all aspects of accounting have valid policies and procedures that are properly documented and signed off (Fixed assets, inventory, supply chain & supplier payments, cash, etc).

Budgeting and Cost control:

Ensure that the Company has an operations guideline/framework for financial planning/budget and expenditure by:

• Driving and coordinating the annual budgeting exercise across all departments.
• Monitoring expenditures, analyzing revenues, determining budget variances, and reporting the same to management weekly and monthly.
• Preparing project cost forecasts, cost tracking, reviewing, monitoring, and control.
• Establishing and maintaining systems for cost-sensitivity analysis and early warning of cost overruns.
• Working consultatively with the respective departments on cost-reduction initiatives.
• Ensuring that production cost centers are monitored closely to ensure that they are meeting their budgeted targets.

Management accounts reporting

• Support/ provide management with accurate, timely, and relevant financial and statistical data to aid in decision-making, weekly, monthly, quarterly, and ad-hoc.
• Review and recommend changes to existing accounting policies & procedures.
• Review the profitability of the business through cost analysis and profitability reports.
• Advice management early on any deviations to the budget that will impact profitability on a weekly basis and offer advice on how to mitigate these, e.g., reduced yield and reduced exported volumes.

Treasury management:

• Ensure optimal management of liquidity by providing oversight in cash flow planning/forecasting, supplier payments, receivables management, stock holding levels, and payroll to ensure optimal working capital for the company.

Statutory Compliance and Tax Planning:  

• Ensure tax compliance across all aspects of business through a review of all tax computations before timely payments.
• Oversee annual external and internal audits and respond to the issues raised.

Team Management:

• Roll out departmental programs to develop, engage and retain talented individuals in the department. The position holder is also expected to co-create an environment where employees can realize their full potential and contribute to the attainment of functional and organizational goals, Training new team members, and succession planning.

Stakeholder Management:  

• Develop external relationships with relevant contacts e.g., suppliers, clients, auditors, solicitors, Lawyers, industry regulators bankers, and statutory organizations such as KRA, etc. for the benefit of the Company.
• Ensuring that the management is updated with changes in regulatory/ compliance issues.

Qualifications

• Full professional qualification (CPA-K) with experience in a Horticultural setting.
• Bachelor’s degree in a business-related field.
• Eight (5) years relevant experience with 3 being in a senior position.
• Proficiency in ERP systems & PowerPoint