Principal Accountant at Rural Electrification Authority

FINANCE AND ICT DIRECTORATE

FINANCE AND ACCOUNTS DEPARTMENT

ACCOUNTS SECTION (FINANCIAL REPORTING/PAYABLES)

GRADE REREC 4 (1 POST)

Job Specification

• Monitoring expenditures based on approved budgets;
• Ensuring safe custody of Corporation’s financial records and assets;
• Overseeing the accounting of special funds including donor and project funds;
• Managing Corporation cash flows;
• Ensuring security of cheques and cheque books and other accountable documents;
• Maintaining up-to-date books of accounts;
• Overseeing submission of statutory deductions;
• Coordinating the preparation of responses to audit queries and PIC inquiries;
• Preparation of quarterly and annual financial statements and reports for the Corporation;
• Ensuring timely preparation, review and Approval of bank reconciliation statements
• Interpreting regulations of the Corporation pertaining to financial control and management;
• Coordinating preparation of budgets and work plans for the section;
• Ensuring provision of accurate, timely and reliable financial information;
• Ensuring timely submission of annual financial statements of accounts;
• Iinterpreting of financial policies for sound accounting principles, practices and control and management of PAYE, VAT and other statutory deductions;
• Verifying Payment vouchers and Staff Imprests in accordance with the laid down Financial procedures, policies and regulations; and
• Review of bank reconciliation statements.

Person Specifications

For appointment to this grade, a candidate must have:-

• A minimum of eight (8) years’ relevant work experience and at least three (3) in a supervisory role in the Public Service or Private Sector;
• Masters degree in any of the following disciplines: Business Administration (Finance or Accounting option) or equivalent qualifications from a recognized University or institution;
• Bachelors degree in any of the following: Commerce, Business Administration (Finance or Accounting option), Business Management or other relevant and equivalent qualifications from a recognized institution;
• Passed Part III of the Certified Public Accountants (CPA) Examination/ACCA affiliate Exams;
• Membership in good standing of the Institute of Certified Public Accountants of Kenya (ICPAK) or any other recognized professional body;
• Certificate in Management Course lasting not less than our (4) weeks from a recognized institution;
• Proficiency in computer applications;
• Demonstrated competence in work performance; and
• Fulfilled the requirements of Chapter Six of the Constitution;

Key Competencies and Skills

In addition the candidate should possess the following skills:-

• Analytical skills;
• Communication skills;
• Strategic and innovative thinking;
• Interpersonal skills;
• Negotiation skills; and
• Team player