PowerGen Renewable Energy (PowerGen) is an innovative and dynamic renewable energy company that is designing, building and operating the next generation of utility generation and distritbution projects (power grids), that provide clean, affordable power to underserved on-grid and off-grid communities in Africa. We are a fully integrated vertical utility with expertise across the full development cycle from advising governments and donors on policy frameworks and project feasibility, to sourcing power grid sites, with in-house EPC and project management capabilities as well as customer and asset management functions. 

Founded in 2011 and headquarted in Kenya, the business operates primarily in Kenya, Nigeria, DRC and Sierra Leone and has over 24,000 connections / households who benefit from 24/7 AC power generated from renewable sources. In addition, the business has developed and is building and operating captive power solutions for Commercial and Indistrial (C&I) customers who are looking for cheaper, cleaner and more reliable sources of electricity to power their businesses. PowerGen's vision is to connect millions of people to clean, reliable, addordable power for the first time whilst building the clean energy systems of the future in Africa. 

Female candidates strongly enouraged to apply!

Purpose / Overview

The Financial Accountant is responsible for processing of accounting transactions, preparation of reconciliation and supporting schedules that provide confidence that the Kenya balance sheet is accurate and collaborative improvement of inefficient finance and business system team process improvement.

The Finance team will ensure that we use our technical competence to help PowerGen achieve its vision of becoming the leading renewable energy utility in Africa, profitably. 

Our team supports the vision by processing transactions within the agreed due dates, we maintain up-to-date reconciliations and schedules, we review our balance sheet accounts every month to ensure it is accurate, we achieve unqualified audit opinions and we continually improve our processes to make them more efficient so that we spend less time processing transactions and more time on analysis and growth opportunities. We continuously review and improve our internal controls i.e our mechanisms and procedures to ensure PowerGen is operating effectively and efficiently, has reliable financial reporting and is compliant with company policies, government laws and regulations.

Activities:

Accounting, Reporting & Auditing: 

• Maintain, in conjunction with the Finance Manager, the monthly cash flow forecast file for the company to ensure that cash is available for operations for at least 12 months 
• Ensure that strong internal controls exist and are followed over the company's cash, inventory and fixed assets. Internal controls include but are not limited to preparing reconciliations between the amounts held on mobile money vs amounts on the general ledger, preparing and reviewing with the financial controller monthly balance sheet account reconciliations, verifying the reconciliation between physical Inventory and ERP inventory values and ensuring the Fixed asset register is accurate
• Ensure to obtain a finance scorecard score of at least 90% each month
• Post all Kenya and Germany transactions in the ERP by the 5th of every month recommending further courses of action
• Process Kenya payments and work with the finance and supply chain teams to improve controls around the procure to pay process
• Recognition of revenue generated from electricity sales and other sources in accordance with IFRS
• Every month report on the Kenya electricity revenue assurance performance of the Kenya business i.e comparison between electricity paid for versus electricity delivered, circulate the report to the CFO, COO, Chief of utility operations and Financial Controller by the 10th of every month
• Maintaining fixed assets register ensuring that assets are properly recognized and depreciation calculated appropriately
• Ensure intercompany accounts between Kenya and the other entities reconcile on a monthly basis
• Manage the Kenya Audit and ensure we obtain an unqualified opinion by the agreed due dates
• Implement the Management letter recommendations as advised by the External Auditors

Tax & Regulatory Compliance

• Prepare and Verify that tax filings VAT, PAYE, withholding taxes, NSSF and NHIF calculations, corporate income tax are accurate and are filed before the statutory due dates
• Ensure tax compliance with the relevant regulators and become an expert in local tax law to ensure optimal planning
• Serve as lead liaison with KRA
• Ensure Kenya business is  compliant with regulatory filings such as the corporate annual return and ensuring all investment through share capital is properly registered at the registrar of companies

Analysis and Process Improvement

• Identify opportunities for continuous improvement in areas of responsibility
• Collaborate on working groups and committees as requested
• Conduct reviews and evaluation for cost-reduction opportunities

• Minimum of 3 years' experience as a progressively advanced accountant
• CPA

Competencies:

1.  Working capital management
2.  Grant Reporting 
3.  Financial statement analysis
4. External audit management
5.  Cashflow management & forecasting
6. Balance sheet reconciliation
7. Cost accounting
8. Tax & regulatory knowledge

BENEFITS AND COMPENSATION

A competitive package including annual compensation, performance bonus, health insurance and professional development. Plus you'll be working with a dynamic team of brilliant people passionate about electrifying Sub-Saharan Africa!

Equal Opportunity:

We are an equal opportunity employer and do not discriminate in employment regardless of race, sex, color, religion, national origin, tribe, gender or age.