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  • Posted: Jan 22, 2020
    Deadline: Not specified
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    Founded in 1987 by the Chedda family, Kenafric Industries Limited is one of the largest manufacturers of Confectionery, Food, Footwear, and Stationery products in Kenya. Kenafric employs over 1500 people directly and touches the lives of more than 7500 people indirectly. The vision of the founders and relentless hard work over 25 years has given Kenafric ...
    Read more about this company

    Management Accountant

    The management accountant will be responsible for analysing and presenting financial reports in an accurate and timely manner.

    The ideal candidate will manage the annual audit process, coordinate the annual budgeting and planning process as well as manage the VAT, tax and required statutory returns, submissions and payments. The position will liaise closely with the procurement and production departments to monitor & prepare the relevant management and Cost accounting reports.

    Responsibilities

    • Financial Planning and analysis
    • Preparations of timely and accurate monthly/quarterly management reports
    • Perform fixed asset processing to enable reporting and Capital expenditure management
    • Handling statutory deductions and tax payments while observing the stipulated deadline dates of submission, this includes the following taxes, Income tax, VAT, PAYE, Withholding tax, NHIF, NSSF NITA levies etc.
    • Implementation of financial risk management policies of the company, which include insurance of assets and open risks, tax risk management and forex risks.
    • Ensure also that the company working capital is safeguarded by maintaining adequate cash flow.
    • Coordinate both external and internal audits and ensure effective implementation of audit recommendations, making of final accounts.
    • Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, inventory and labor.
    • Development of pricing models by analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
    • Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs
    • Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
    • Responsible to check and reconcile manufacturing variances and yields analysis and interpretation of cost variances on a monthly basis
    • Prepare detailed cost reports for manufacturing, identifying key overspends and variances and identifying opportunities of improvements
    • Review and recalculate raw material, finished goods and other base costs and determine impact to business by applying changes.

    Qualifications

    • Bachelor’s degree in Commerce (Accounting/Finance Option), Business Management (Accounting/Finance Option), Economics, or equivalent qualification from a recognized Institution
    • Qualified Accountant (CPA (K), ACCA, or equivalent) are a mandatory requirement
    • Be registered with a professional body such as CPA, ACCA.
    • At least 5 years of management accounting with exposure to cost accounting in a busy Manufacturing/FMCG environment.
    • In depth understanding of manufacturing/FMCG processes
    • Demonstrated professional competence and administrative capability as reflected in work performance and results
    • Strong financial and accounting knowledge (IFRS)
    • Strong consolidation knowledge and experience
    • Statutory understanding (companies act and Tax)
    • Financial analysis experience
    • Good knowledge of any accounting software e.g SAP.

    Skills

    • Commercial awareness, with an interest in business and an understanding of how an organisation works and manages resources
    • A high level of numeracy
    • The ability to explain complex financial information in a clear way
    • Professionalism and commitment
    • Excellent oral and written communication skills
    • IT proficiency
    • Project management skills
    • Strong interpersonal and teamwork skills, with the ability to work with colleagues at all levels including non-finance members of staff
    • Organisational skills with the ability to work under pressure and to deadlines.

    Method of Application

    Interested and qualified? Go to Kenafric Industries on www.linkedin.com to apply
  • Send your application

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Average Salary at Kenafric Industries
KSh 54K from 8 employees
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