Finance Officer at Kua Ventures

ROLE DESCRIPTION

• The Finance Officer will be based in Kenya. This person will integrate the Finance team and will report directly to the Finance Manager.
• We are seeking a meticulous and detail-oriented Finance Officer to join our team. The Finance Officer will be responsible for providing comprehensive financial services, including accountancy, portfolio statements, accounts receivable and compliance with accounting standards and regulations.
• The Finance Officer will report directly to the Finance Manager and will work closely with the Executive Director.

Key Responsibilities:

• Monthly Accountancy Services:
• Continuously update all receipts and payments;
• Maintain detailed general ledgers;
• Accurately maintain accounts receivable ledgers;
• Accurately maintain accounts payable ledgers;
• Process regular bank and mpesa reconciliation statements;
• Produce monthly and quarterly accounts to mirror the reporting schedule;

Financial Management;

• Initiate payments approved by Directors and file these invoice;
• Accurately maintain and record of all payment approvals and original documentation;
• Managing expense reports submitted by staff and approved by Directors (Out of Pocket, Petty Cash, Credit Card);
• Record investments and loans from Investors;

Accounts receiveable;

• repare and send monthly account statements for each portfolio company;
• Follow the investment collections SOP to ensure timely communication is conducted with all portfolio companies about the deadlines and payments due;

Payroll Services;

• Process monthly payroll; calculate and process all payroll taxes and statutory deductions & withholdings, pension contributions and any others required;
• Send payslips to staff;
• Provide guidance on other payrollrelated matters;
• Taxation Services;
• Handle corporate tax filings;
• Manage withholding taxes;
• Handle instalments taxes;

Audit;

• Collaborating with the Finance Manager for an accurate annual audit.

Compliance;

• Ensure compliance with generally accepted accounting practices and standards;
• Comply with all laws, regulations, and procedures while completing financial services;
• Propose solutions to improve the Finance department’s efficiency and effectiveness;
• Perform financial reporting, analysis and assessments whenever required;
• Perform other duties as determined by the Finance Manager and Executive Director;

We Expect:

• Degree in Accounting, or related studies (preferred);
• Accounting skills, including knowledge of accounting principles, standards and techniques, cost analysis and reduction, cash flow management.
• 35 years work experience in a similar role;
• Fluent with account software programs, such as Excel, SQL, QuickBooks;
• Strong cloudbased organizational and comfortable user of new technologies e.g. project management tools, Google Drive and other apps from G Suite package, etc.
• Applicants must have all necessary permissions to work in Kenya.
• Ability to commit fulltime to Kua Ventures (40hours/week), starting in April 2024;

Deadline:April 5th 2024