Senior Finance Associate at Turaco

The ideal candidate has an understanding of tax, statutory, and insurance regulations in Kenya, an established relationship with KRA, and an ability to manage day-to-day financial transactions of revenue and expense tracking for the company.

Key Roles and Responsibilities:

Accounting and Finance

• Manage expenses, including petty cash, wire transfers, payroll, expense classifications, claims payments, and general AP
• Ensure all payments are properly supported and duly authorized before disbursement.
• Maintain and keep an up-to-date Fixed Asset Register.
• Manage partner revenue calculations, generate invoices, manage AR, and VAT remittances
• Maintain appropriate company documentation and compliance with regulatory and tax-related requirements
• Maintain the accounting software system and initiate periodic improvements
• Liaise with external tax and audit firms for the creation of annual trial balances, tax filings, audits, and implementing audit recommendations.
• Ensure tax and statutory deductions are properly computed and remitted before the due deadlines
• Support the Finance Lead in the consolidation of financial statements, budget vs. actual reporting, and other reports as required, providing commentary, and ensuring accurate and timely presentation to management
• Oversee all ledger and bank account reconciliations monthly
• Prepare monthly balance sheet schedules and ensure all balances are adequately supported
• Prepare the monthly payroll journals and ensure statutory deductions are submitted by the due dates
• Maintain an organized, well-documented, and sequential filing system on Google Drive.

Financial Policy and Planning Processes

• Help to prepare the annual budget plan for all aspects of Turaco’s operations so that it meets accounting compliance standards and the requirements of other key stakeholders
• Prepare accurate reports in line with Turaco’s reporting schedules
• Make recommendations to improve processes and minimize discrepancies
• Help to develop and implement policies and procedures to meet regulatory requirements, and best practice approaches and provide ethical guidance for the finance and accounting processes of Turaco
• Work closely with the Finance Lead to maintain an accurate cash flow forecast and ensure sufficient bank balances
• Support the selection and migration to a more robust ERP system

External Stakeholder Management

• Maintain existing relationships with key business partners (including banks, auditors, actuaries, and regulatory bodies)
• Provide information to external auditors and regulatory bodies for annual and ad hoc audits
• Maintain and update records of invoices, revenue, and costings (both expense tracking and project-level expense classification)
• Regularly conduct stakeholder analysis of customer expenses and revenues

Key Qualifications and Requirements

• Bachelor’s degree in a finance discipline
• ACCA or CPA Kenya professional qualifications
• At least 2 to 3 years of Accounting and Finance experience in a busy environment.
• Previous experience working in a high-profile start-up or an Insurance Company.
• Experience with QuickBooks Online preferred.
• Good understanding and application of IFRS
• A keen understanding of tax provisions in Kenya
• A builder, someone who has taken part in building finance systems and controls
• Well-organized with a demonstrated ability to perform filing and record-keeping tasks
• High level of integrity and accountability
• Strong communication and organizational skills