Senior Finance Officer at Siaya Institute of Technology

Job Summary.

This position reports to the Principal and is responsible for the provision of financial services that include financial accounting, and management accounting so as to ensure the institution finances are prudently managed and quality financial information required for decision making availed in a timely manner.

Minimum Requirements.

1. Bachelor’s degree in any of the following disciplines: -Commerce (Accounting/Finance Option), Finance, Business Administration (Accounting/ Finance Option), Business Management (Accounting/Finance Option) or its equivalent qualification from arecognized institution.
2. Have CPA (K) with ICPAK membership and in good standing.
3. Demonstrated managerial, administrative and professional competence in work performance.
4. Served in the grade of Accountant /Finance Officer or a similar position for at least three (3) years
5. Certificate in relevant computer accounting packages;
6. f) Senior Management Course training will be an added advantage.
7. g) Certificate of good Conduct
8. h) Compliance with Chapter 6 of the constitution.
9. Responsibilities

Duties and responsibilities.

The Senior Finance Officer will be responsible of the following among others:

1. Prepare final accounts that reflect true and fair view of the financial position of the institution to ensure compliance with the statutory requirements
2. Ensure proper interpretation and implementation of financial regulations and procedures, government circulars, letters and instructional to comply with statutory requirement i.e. Kenya National Audit office
3. Review funds disbursement requests from department heads, and approve as appropriate, to ensure the departments have the resources required in the implementation department strategies, and to minimise on unbudgeted expenditure that might result in resource wastage
4.  Advise the institution management on all financial matters i.e. tenders, planning, audit training to ensure sound and correct decision making
5. Oversee preparation and submission of statutory reports i.e. NHIF, PAYE, NSSF, as required by the law for compliance purposes
6. Supervise and advise on training needs of finance staff to ensure they have the right skills to execute their daily duties
7. Ensure timely preparation and submission of the institution budget to maintain accurate accounting records and preparation of management and statutory financial reports
8. Develop the institution budget to ensure sufficient allocation of resources that support the implementation of its strategy in an efficient and effective manner.
9. Maintain inventory of all bank accounts to monitor the liquidity status of the institution
10. Ensure availability of funds for day to day activities for efficient and effective running of the institution
11. Sign cheques and vouchers within the required/set threshold for prudent and timely execution to enhance smooth running of the institution’s operations.
12. Preparation of budget Monitor expenditure
13. Account for all resources allocated to all departments