Principal Accountant – Credit Control at New Kenya Co-operative Creameries Limited

NKCC/HR.1907 /CO/24/11/2023
Job purpose

To ensure timely collection of debts from credit customers as per the credit policy and ensure proper posting into the SAP system.

Key responsibilities

•  Manage debt collection and monitoring credit limits.
•  Ensure timely collection of all revenues including but not limited to Sales revenue and rent.
•  Review expenditure returns from departments, prepare variance analysis and
•  Interpret financial policies for sound financial principles, practices procedures for effective internal control.
•  Prepare and update debtors and general ledgers daily.
•  Assist other departmental and sectional managers in the management of their budgets through regular provision of reliable up to date financial information.
•  Review the coding of ledger and store items in the system to ensure that is accurate and sufficient.
•  Prepare Bank Reconciliation statements for every customer daily.
•  Verification of payment cheques, Mobile Money, EFTs, and bank transfers.
•  Ensure all customer accounts are updated and reconciled to the letter.
•  Prepare debt ageing reports for decision making and advise management on way forward.
•  Review vote book entries and undertake monthly variance analysis.

Qualifications and person specifications

•  Bachelor’s degree in business (Finance/Accounting) or Equivalent qualifications.
•  Master’s degree in business (Finance/Accounting) or any other relevant qualification will be an added advantage.
•  CPA(K) & Certificate in Credit Management
•  Membership in good standing of the Institute of Certified Public Accountants of Kenya  (ICPAK).
•  Member in good standing of the Institute of Certified Credit professionals.
•  A minimum period of eight (8) years in relevant work experience and at least three (3)
•  years in supervisory role in a position in the Public Service or Private Sector.
•  Proficiency in computer applications (SAP is an added advantage)