Senior Accountant (Record to Report - R2R) at Bio Food Products

Duties and Responsibilities:

Overview:

The Senior Accountant (R2R) is responsible for ensuring that all month-end reporting (e.g. management accounts, specified stakeholder report is complete and accurate in line with IFRS and timely available for all stakeholders (e.g. management, shareholders). This includes, amongst others, the preparation and posting of journal entries, maintenance of balance sheet accounts, completion of the month end closing transactions/procedures and ensuring that the general ledger account balances and trial balances are appropriately reconciled.

The Senior Accountant will become part of the Finance Team of Bio. Next to the Senior Accountant this team consists of the Finance Manager, the Operations Controller, the Accounts Payable assistant and the Accounts Receivable assistant. Furthermore, the Senior Accountant will work closely together with the Finance Director and the Junior Investment Manager of TBL.

Key responsibilities:

• Ensure that all transactions are processed timely and accurately for a smooth month end close and accurate financial reporting
• Execute manual General Ledger bookings and perform reconciliations. This includes amongst others the following accounts: Accruals and provisions, amortization of prepayments, fixed assets, Insurance, loan schedule, intercompany
• Post journal entries and accounting corrections/reclassifications to ensure accurate accounting records
• Coordinate the cashflow planning process and ensure the projections for cash outflows and cash inflows are accurate
• Submit VAT, WHT, WHVAT and income taxes to tax authorities on a timely basis. Liaise with Suppliers/KRA on any inconsistencies and ensure those have been addressed. Reconcile the VAT account on a monthly basis to the Trial Balance
• Reconcile the bank and MPESA/PesaPal accounts on a daily basis to ensure that the book balances and bank balances are at reconciled and any variance is explained and recorded appropriately
• Assist the Finance Manager in the monthly budget process and monitoring
• Be present for monthly inventory counts and ensure physical and system counts are reconciled same day
• Ensure compliance with IFRS/IAS accounting standards
• Account for leased assets under IFRS 16
• Align the Standard Operating Procedures (SOPS) and policies to internal controls and audit the controls on a regular basis
• Manage the physical and online filing system
• Ensure Key Performance Indicators (KPIs) are monitored
• Provided audit support together with the other team members to ensure support documentation is provided to the auditors
• Provide support to continuous improvement initiatives
• Provide guidance and supervision to the Accounts Receivable assistant and the Accounts Payable assistant
• Perform additional tasks on request

Core Competencies:

• Ability to work with minimal supervision and as part of a team
• High level of diligence and precision
• Attention to detail and ability to engage at a senior level and challenge
• Excellent written and verbal communication capabilities
• Passionate about learning and continuous improvement

Education and Experience Level:

• Bachelor’s degree in Finance, Accounting or other business-related field
• Certified Public Accountant (CPA/K or ACCA)
• Minimum of 5 years’ experience in FMCG industry or working for the Big 4
• Solid knowledge of IFRS/IAS
• SAP experience will be an added advantage