Chief Accountant

  • Full-time

Company Description

Our client is a premier dry cleaner and the largest company of its kind in East and Central Africa. The company has gained broad recognition through its network of over 50 branches that include processing units, collection points and franchises in every major city in Kenya and Uganda.
They are looking to fill the position of Chief Accountant who will report to the CEO. Are you a seasoned accounting professional with a keen eye for innovation in a dynamic and competitive environment? If so, then we have the right job opportunity for you.

Job Description

Financial Accounting and reporting

  • Accounting Policies & Procedures-Ensuring that appropriate and effective accounting policies, procedures and processes are developed, maintained and continuously monitored in accordance with statutory requirements and accounting standards.
  • Financial Statements-Preparation of Monthly, Quarterly and Annual Financial Statements and supporting documentation in accordance with relevant accounting principles and guidelines. I.e. Balance Sheet, P & L, Cash-flow statement and statement of changes in Equity.
  • Payments Processing- Ensuring that payments are valid, correctly classified, and supported by appropriate source documentation and that supporting documents are verified accurately and meticulously captured and correctly classified in the accounting system.
  • General Ledger Reconciliation- Ensuring General ledger accounts including banks, suspense and inter company accounts are reconciled on a complete, accurate and timely basis.
  • Fixed Asset Register- ensuring that accurate, complete and up to date registers are maintained in accordance with relevant accounting policies and procedures and company policy.
  • Liabilities and commitments- ensuring that, liabilities and commitments are accurately accounted for and recorded, accurately and completely reconciled, settled in a timely manner, and appropriately monitored, and settled within the budgetary constraints.

Management Accounting and Reporting.

  • Designing the framework of cost and financial accounts and preparing reports or routine financial and operational decision-making that are appropriate and specific for each set of key stakeholders that is BoD, lenders, shareholders and management.
  • Preparation of organization budget and cash flow projections for planning, organizing and controlling organizational activities to meet company’s goals and objectives, in liaison with other organization departments.
  • Measuring the actual performance and compare with standard and finding the differences and interpret the results of operation and submit the same to all levels of management. This is done through appropriate accounting reports for controlling.
  • Presentation of accounting information before the management with interpretation by evaluating the effectiveness of policies, organization structure and procedures adopted for attaining the objectives. This is in consultation with functional managers
  • Estimation of working capital requirements and planning the levels of investment in current assets. 

Payroll Processing and Accounting.

  • Preparing, analyzing and implementing payroll transactions on a timely manner such as payments of hours worked personal time off, employee benefits, and application of benefit deductions.
  • Preparing and analyzing periodic payroll reports, payroll schedules, and payroll related journal entries using established company policies, procedures and guidelines on a timely manner.
  • Monitoring statutory and other payroll deductions to ensure accuracy and compliance with applicable laws and regulations.
  • Analyzing payroll reports, statements and records and making recommendations to improve payroll process.
  • Preparing and reviewing the accuracy of payroll related journal entries and performing salaries ledgers account reconciliation.

Taxation and Statutory Compliance

  • Involves the computation, verification and submission of Income taxes (Corporation tax, PAYE & Income Tax), VAT and withholding tax for the company and the group via the KRA iTax system by the set respective guidelines.
  • Periodic reconciliation of the KRA iTax ledger with the organization books of accounts.
  • Responsible to legally minimize tax liabilities through informed application of tax laws and regulations
  • Maintaining and updating working knowledge of tax laws and regulations, including new filing practices, deadlines, and any company-specific information.
  • Verification, payment and filing of other statutory deductions such as NSSF and NHIF,
  • Catering Levy and Directorate of industrial training Level by the due date. 
  • Acting as a liaison between external auditors and KRA on all tax enquires and matters.

Internal and External Audit

  • Planning of external audits by understanding organization objectives, structure, policies, processes, internal controls, and external regulations; identifying risk areas; preparing audit scope and objectives; preparing audit programs.
  • Preparation of draft audit accounts for external audit and facilitating conduct of statutory annual audits by the external auditors.
  • Preparation of audit schedules for external and internal audit.
  • Facilitating end year stock counts for inventory and cash.
  • Facilitating confirmation of balances by banks, debtors, creditors, directors and lawyers.
  • Implementation of the audit management letter.

Qualifications

  • Bachelor of Commerce degree
  • CPA K
  • Five (5) years experience

Additional Information

Please make your application through our website www.dorbe-leit.co.ke before close of business of
23nd January 2019.Only successful candidates will be contacted.