Finance Officer / Accountant
Posted
The Finance Officer /
Accountant will work closely with management to provide
financial insights that support strategic decision-making
while ensuring the company's financial resources are managed
efficiently. Below are the key roles and
responsibilities:
Financial
Management
- Maintain accurate and
up-to-date financial records in accordance with accounting
standards.
- Prepare monthly,
quarterly, and annual financial statements and management
reports.
- Monitor the company's
financial performance and provide regular reports to
management.
- Prepare cash flow
statements and monitor daily cash positions.
- Develop financial
forecasts and budgets.
- Monitor income,
expenses, and profitability across projects and
departments.
- Ensure proper
allocation and recording of all financial transactions.
- Recommend strategies to
improve financial performance and operational efficiency.
Accounting
Operations
- Manage the general
ledger and ensure accurate bookkeeping.
- Process journal
entries, reconciliations, and month-end closing
activities.
- Prepare bank
reconciliations and resolve discrepancies promptly.
- Maintain accounts
receivable and accounts payable records.
- Process customer
invoices and supplier payments.
- Monitor outstanding
receivables and follow up on overdue payments.
- Ensure timely payment
of company obligations.
- Maintain proper filing
of financial records and supporting documentation.
Tax & Statutory
Compliance
- Prepare and file
statutory tax returns including VAT, PAYE, Corporation Tax,
NSSF, SHA, Housing Levy, and other applicable statutory
deductions.
- Ensure compliance with
all Kenya Revenue Authority (KRA) regulations.
- Maintain compliance
with applicable financial reporting standards and government
regulations.
- Support external
auditors during statutory audits.
- Prepare schedules and
documentation required for audits.
- Keep abreast of changes
in tax laws and financial regulations.
Payroll
Administration
- Prepare and process
monthly payroll accurately and on time.
- Calculate salaries,
allowances, overtime, deductions, and statutory
contributions.
- Maintain payroll
records and employee compensation information.
- Ensure confidentiality
of payroll information.
- Process employee
reimbursements and expense claims.
Budgeting & Financial
Planning
- Prepare annual
departmental and company budgets together with
management.
- Monitor budget
utilization and identify variances.
- Provide recommendations
for cost control and budget optimization.
- Support management in
financial planning and decision-making.
- Analyze financial
trends and prepare financial forecasts.
Procurement & Expense
Management
- Verify supplier
invoices before payment.
- Ensure procurement
expenses comply with company policies.
- Monitor company
expenditures and recommend cost-saving initiatives.
- Maintain records of
company assets and depreciation schedules.
- Participate in
procurement evaluations where required.
Financial Systems &
Process Improvement
- Manage financial
transactions and procurement using Zoho Books and Zoho
Procurement.
- Ensure accurate setup
and maintenance of accounting software.
- Recommend automation
opportunities to improve financial processes.
- Participate in
implementation and improvement of financial systems.
- Maintain data integrity
within financial systems.
Reporting &
Analysis
- Prepare weekly,
monthly, and quarterly financial reports.
- Develop financial
dashboards and key performance indicators.
- Conduct profitability
analysis for projects and business units.
- Analyze financial risks
and recommend mitigation measures.
- Present financial
reports and recommendations to management.
Internal Controls &
Risk Management
- Ensure compliance with
internal financial controls and company policies.
- Monitor financial risks
and recommend appropriate control measures.
- Safeguard company
assets through proper financial controls.
- Investigate financial
discrepancies and recommend corrective actions.
- Support implementation
of risk management strategies.
Team Collaboration
- Work closely with
management to support business growth initiatives.
- Collaborate with the
Sales, Technical, and Administration teams on financial
matters.
- Provide financial
guidance to department heads.
- Support company-wide
strategic planning and decision-making.
Continuous Professional
Development
- Stay updated on
accounting standards, tax laws, and financial
regulations.
- Maintain professional
accounting certifications where applicable.
- Participate in finance,
taxation, and technology training programs.
- Continuously identify
opportunities to improve financial processes and
reporting.
Requirements
Applicants should
possess:
- Diploma/Bachelor's
Degree in Accounting, Finance, Commerce, Business Administration
(Finance/Accounting Option), Economics, or a related
field.
- CPA (K), ACCA, or
equivalent professional qualification is highly preferred.
- Experience using
accounting software, preferably Zoho Books.
- Excellent proficiency
in Microsoft Excel and/or Zoho Sheets.
- Experience preparing
financial statements and management reports.
- Strong understanding of
Kenyan tax regulations and statutory compliance.
- Experience handling
payroll and statutory deductions.
- Strong analytical and
financial planning skills.
- Excellent written and
verbal communication skills.
- Ability to work
independently and maintain strict confidentiality.
- Experience in an ICT,
SaaS, software, or professional services environment is an added
advantage.