Revenue Assistant at Twiga Foods

Twiga Foods is looking for suitable candidates to fill the position of a Revenue Assistant. The role holder will be accountable for the revenue recognition and reconciliation process of the business as part of the wider Order-To-Cash execution. This position plays an assurance role over the timely and accurate coding classification, recording and billing of all revenue transactions, both trade and non-trade as well as ensuring all appropriate taxes have been accounted for.

Key Responsibilities

Revenue Assurance:

• Responsible for revenue assurance across all income streams to the business through rigorous sales-to-volume-to-cost of sales reconciliations.
• Responsible for tracking and accounting for all adjustments to revenues including credit notes, cash backs, refunds, rebates, discounts etc.
• Responsible for applying and testing year end cut-off procedures to ensure matching concept is adhered to.
• Responsible for ensuring that the revenue reported in the profitability reports reconciles with what is reported in the management accounts and reconciles further reconciles to sales ledger.

New Revenue Streams & Other Income:

• Responsible for ensuring that new business revenues are clearly identified, accurately mapped, classified and coded for tax and that corresponding cost of sales of also correctly mapped.
• Responsible for ensuring that new products /Categories are classified to the correct category to ensure accurate category revenue is captured.
• Responsible for creating new customer master data and new payment accounts for new routes (M-pesa tills).

Tax Compliance:

• Responsible for timely and accurate billing of all sales and issuing of Tax compliant invoices.
• Responsible for the proper functioning of the Electronic Tax Register/ Electronic Signature Devices to generate tax compliant invoices.
• Responsible for reconciling Output VAT for the monthly filing of company VAT.

Reporting process:

• Supporting the monthly, quarterly, and annual management reporting with specific emphasis on revenue reconciliations and analysis.
• Stakeholder Relations Management: Maintain continuous communication with internal and external stakeholder with prompt turn-around to queries regarding billings/invoicing.
• Document Management: ensure the safe and orderly archiving of all invoices issues and output tax records for the time required to meet audit, legal and tax queries.

Cross-Team responsibilities:

• Participate in the physical stock taking exercise in conjunction with the wider accounting team weekly /monthly.
• Participate in the business wide Fixed Asset verification exercise on a quarterly basis.
• Participate in interim and final statutory audit, tax audits and any other assessments the business may be engaged in with specific emphasis on revenue and VAT reconciliation and analysis.

Minimum Qualifications And Experience

• Have at least 2 years working experience in a busy accounting environment (with considerable exposure to high volume of billing/customer invoicing).
• Have prior experience working with an ERP/Substantial accounting software.
• Have a university degree in Business, Economics, or relevant field.
• (CPA-part 2) or ACCA equivalent.
• Revenue Administration Certification/Diploma from Kenya School of Revenue Administration (KESRA) is an added advantage.
• Have a good working knowledge of MS Excel skills.