Principal Finance Officer at Public Benefit Organizations Regulatory Authority

Job Specification
Duties and responsibilities at this level will entail: -

• Review and ensure timely and accurate preparation of management accounting reports on monthly, quarterly and annual basis
• Ensuring timely and accurate preparation of annual budgets and revised budgets based on approved work plans.
• Provide technical support to technical and other departments during the budget making process
• Reviewing expenditure returns from departments, prepare variance analysis and recommend corrective action
• Interpreting of financial policies for sound financial principles, practices procedures for effective internal control
• Assist other departmental and sectional managers in the management of their budgets through regular provision of reliable up to date financial information;
• Carry out financial planning and consolidate department work plans
• Participate in Resource Mobilization initiatives of the Authority.
• Verification of payroll, payment cheques, EFTs and bank transfers;
• Approval of Purchase orders, Sales & Purchase invoices and staff imprests
• Review the coding of ledger and store items in the system to ensure that is accurate and sufficient;
• Review all purchase requisition to ensure the estimate given by users are reasonable and within budget;
• Review revenue reconciliation i.e Projection Vs Actual collection;
• Ensure timely collection of revenue;
• Ensure records and data on revenue are properly maintained;
• Liaise internally with other departments on matters related to revenue;
• Advice on review of services rates whenever necessary;
• Advise on appropriate technology/system to be used for projection, collection and reconciliation of revenue; and
• Ensure timely production of accurate monthly, quarterly and annual reports on revenue collections;
• Any other duties as assigned from time to time

Person Specifications

For appointment to this grade, an officer must have:

• A minimum of ten (10) years’ work experience and at least five (5) in a supervisory role in the Public Service or Private Sector;
• Master’s Degree in any of the following disciplines: - Business Administration preferably in Finance or equivalent qualifications from a recognized University or institution;
• Bachelor’s degree in Commerce (Finance option), Economics, and Business Administration, Business Management or other relevant and equivalent qualifications from a recognized institution;
• Minimum KCSE C+ (plus) or its equivalent
• Certified Public Accountant (CPA) or Associate of Certified Chartered Accountant (ACCA);
• 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 six (6) weeks from a recognized institution;
• Proficiency in computer applications;
• Demonstrated results in work performance
• Fulfilled the requirements of Chapter Six of the constitution;