Project Finance Accountants at Kenya Electricity Generating Company PLC, KenGen

Job Summary

Reporting to Chief Finance Officer, Projects Finance & Accounting, the Projects Finance & Accountant will be responsible for ensuring proper and timely accounting for finances, debt management and costs of projects in compliance with the regulatory framework.

Job Description

KEY DUTIES 

• Ensure project costs are accurately accounted for in the correct project networks, accounts, cost centres and accounting periods
• Reconcile Work-in-Progress accounts, and in liaison with Financial Reporting Team ensure costs of completed projects are settled and capitalised promptly
• Monitor projects cost and time overruns, continuously investigate variances and make recommendations to management for corrective action
• Check and verify project expenditure and payments for accuracy, completeness, authenticity and adequacy of supporting documents
• Ensure Contractors/Suppliers payments and Financiers’ loans repayments are made within the stipulated contractual terms;
• Prepare management reports in a timely manner as may be required by the management, external governing bodies and development partners from time to time;
• Ensure accurate requests for disbursements are made on time as per various loan agreements;
• Participate in preparation and/or review tender documents;
• Prepare tender evaluation checklists and participate in such evaluations;
• Prepare contract negotiations checklists and participate in such negotiations;
• Support Projects Execution team to ensure timely and realistic budgets preparation and submission;
• Identify and recommend to the Asst. Manager-Projects Finance & Accounting, Projects accounts due for closure upon project completion.
• Implement and recommend changes in Project Financing Policy to guide and improve operational procedures.
• Manage the Sectional budget to ensure optimization of costs.
• Address Staff performance; Motivation; Training and development issues in the Section.
• Provide specifications for the Sectional related procurement to the Corporate Finance Manager.
• Implement Safety, Quality Management Systems and Environmental Management Systems within the Section.

KEY QUALIFICATIONS

Academic Qualifications

• Bachelor’s Degree in Accounting or Finance or Commerce or equivalent
• Masters in a management related course will be an added advantage

Professional Qualifications & Membership to professional bodies

• CPA-K or ACCA (UK) or equivalent.
• Member of ICPAK or equivalent

Previous relevant work experience required

• At least 5 years of experience as an accountant with specific experience in accounting for capital projects

Additional Information

Minimum Years of Working Experience : 5 Minimum Education Level : Undergraduate