Senior FOSA Accountant
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Employment Terms
- Term of Service: Permanent and Pensionable
- Entry Grade: SG5 of Sheria DT Sacco
- Basic Salary: Ksh. 68,788.59 to 109,637.13
- House Allowance: Ksh. 21,500
- Commuter Allowance: Ksh. 10,000
- Extraneous Allowance: 15% of Basic Salary
- Annual Leave: 30 working days
- All Other Leaves: As per the current HR Policy
- Location: Upper Hill, Nairobi
Other Benefits
- Medical cover for all staff
- Group Life Assurance Cover for staff
- WIBA Cover for staff
- Annual staff training based on Training Needs Assessments (TNAs)
Key Responsibilities
- Prepare and analyse monthly, quarterly and annual financial statements, including balance sheets, income statements and cash flow statements, to the required level of accuracy and standard.
- Manage general ledger functions, post and review journal entries, and promptly investigate and resolve account discrepancies.
- Prepare cash balancing, vault and teller reconciliations, cash difference reports, transaction reversals and exception monitoring within the approved segregation of duties framework.
- Coordinate with internal and external auditors, prepare comprehensive audit files and support tax compliance processes.
- Assist the FOSA Manager in financial forecasting, budget variance analysis and departmental budget monitoring.
- Supervise, train and appraise junior accountants and clerical staff, ensuring quality output and continuous professional development.
- Evaluate and improve accounting procedures to strengthen internal controls and enhance operational efficiency within the FOSA department.
- Ensure strict adherence to applicable IFRS, SASRA requirements and the Society’s accounting policies.
- Prepare periodic management reports and reconciliation schedules for review by the FOSA Manager and senior management.
Qualifications, Experience and Competencies
- Bachelor’s degree in a business related field with a specialisation in Accounting or Finance from a recognised university.
- Holder of CPA K.
- At least three (3) years of progressive accounting experience in a similar role, preferably within a SACCO, microfinance institution or regulated financial environment.
- Proficiency in Microsoft Excel and working knowledge of ERP or accounting software such as SAP, Oracle, QuickBooks or equivalent SACCO banking systems.
- Knowledge of GAAP and financial statement preparation, including month end and year end closing processes.
- Strong analytical thinking and numerical accuracy, with a keen eye for detail.
- Effective supervisory and mentoring skills, excellent written and verbal communication skills, and a high level of professional integrity and reliability.