Financial Accountant at Kenya Airways

Purpose

The candidate will be responsible for overseeing the company's overall financial records and transactions by ensuring accuracy and timely processing of transactions in the General Ledger. He/she shall perform preparation of the monthly, semi-annual and annual financial reports such as consolidated balance sheet, consolidated income statement and consolidated cash flow statement for the Group and company and ensure that the annual audited financial statements are in compliance with the applicable company/group accounting standards, statutory requirements, the IFRS and IAS. He/she shall coordinate GL closure by ensuring the closing timetable is circulated on time and that all the sub-ledger modules are closed as per the closing timetable.

Responsibilities

• Ensure timeliness, completeness, and accuracy of processing of transactions in the ERP for each financial period by reviewing and performing final posting of journal entries into the General Ledger.
• Coordinate GL closure by ensuring the closing timetable is circulated on time and that all the sub-ledger modules are closed as per the closing timetable to ensure timely production of management reports.
• Management of all the Group’s companies General Ledgers and intercompany balances reconciliations.
• Prepare Consolidated Financial statements for the group.
• Prepare supporting schedules, notes to the financial statements, and disclosure checklists to ensure completeness and accuracy of statutory reporting.
• Maintain and update the company’s chart of accounts and ensure correct mapping of all accounts in the ERP.
• Perform timely and quality GL reconciliations for the assigned GL accounts.
• Maintain proper Balance sheet accounts while ensuring adequacy of provisions to avoid large adjustments and surprises arising out of past events.
• Review Subsidiaries’ financial reports for correctness and accuracy, before consolidating them into the Group accounts.
• Prepare Group Annual Report and Financial statements that meet statutory requirements and the applicable financial reporting standards (IFRS, IAS, Kenya Companies Act 2015, etc).
• Handle internal and external audit requirements and liaise between management and the external auditors to ensure smooth audit process and keep track and resolve audit issues within the set deadlines.
• Develop, train, motivate and coach staff to enhance performance for increased productivity.
• Prepare statement of financial position and cash flow for budgets and strategy to aid management in decision making .
• Stay abreast of changes in IFRS, IAS, and local regulatory requirements, assessing their impact on the Group's financial reporting.

Skills

• Excellent analytical and problem-solving skills.
• Detail-oriented with a high level of accuracy.
• Effective communication, interpersonal skills and a team player.
• Ability to thrive in a fast-paced and dynamic work environment.

Qualifications

• Bachelor’s degree in accounting/finance or any other business-related field from a recognized institution.
• Must possess accounting qualification i.e. full ACCA/CPA Qualifications.
• At least five (5) years of proven experience in general ledger/financial accounting or a similar role, preferably within the airline industry, a listed entity or Big four accounting firm.
• Demonstrable experience in the preparation of consolidated financial statements under IFRS.
• Strong understanding of accounting principles, financial regulations, and their practical application.
• Proficiency in relevant accounting software and Microsoft Excel.