Principal Finance Officer at Rural Electrification Authority

FINANCE AND ICT DIRECTORATE

FINANCE AND ACCOUNTS DEPARTMENT

FINANCE SECTION (MANAGEMENT ACCOUNTS)

GRADE REREC 4 (1 POST)

Job Specification

• 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 Corporation;
• 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 all corporations funds Reconciliation i.e. Projection vs Actual collection;
• Ensure timely collection of corporation’s funds;
• Ensure records and data on corporation’s funds are properly maintained; and
• Ensure timely production of accurate monthly, quarterly and annual reports.

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