The Riara Group of Schools, a
leading institution in the education industry, is looking for a suitable
candidate to fill the position of a Treasury
Accountant.
Principal Role: To monitor and issue update reports on funds movement within the Riara group including the University, and to facilitate effective management of cash flows and liquidity.
Principal Role: To monitor and issue update reports on funds movement within the Riara group including the University, and to facilitate effective management of cash flows and liquidity.
Duties and Responsibilities
- Ensure that
daily cash takings at Riara Road, Springs and Riara University Cash
Offices are reconciled and banked intact on a daily basis.
- Confirm that
daily banking summary reports are generated and all variances adequately
addressed.
- Ensure that SAP
cash receipts control ledger is reconciled to actual banking with bank
teller stamp on daily basis and this is signed at the appropriate levels
and filed.
- Produce daily
cash-flow monitoring bank balances and report on the total funds
available.
- Confirm that
receipts, cash payments as well as petty cash vouchers are correctly and
accurately accounted for, and keying these in the accounting system
on a daily basis and also posting of the same after approval by the Group
Finance Manager.
- Produce weekly
treasury report - a report showing cash receipts and usage for the week
and the expected cash receipts and usage for the succeeding week for the
Riara Schools and Riara University.
- Reconcile all
cash books to bank statements on weekly/monthly basis and ensure all
reconciling items are dealt with accordingly and to submit bank
reconciliation statements by 10th each month.
- Coordinate
periodic cash spot checks.
- Reverse
returned cheques into the debtors account, charge applicable penalties and
mark such accounts as “Cheques Not Allowed” (CNA).
- Monitor PTA and
Motisha balances and payment to these accounts as requested by
Schoolheads, PTA and Motisha officials.
- Maintain the
loans register, ensure adherence to loan terms and amortize repayments as
they fall due.
- Maintain lease
registers and ensure lease payments are updated in the lease ledgers on
due dates.
- Generate weekly
and monthly cash flow forecasts by the 10th of succeeding months for the
Riara Schools.
- Manage Mpesa
transactions and posting of transactions into the accounting system on a
daily basis.
- Act as the key
contact person on banking relationship and negotiation of exchange rates.
- Support the
Group Finance Manager in handling general insurance matters in liaison
with the Group Administration Manager.
- Perform any
other duties that may be assigned.
Qualifications Knowledge and
Experience:
- A business
related degree and a registered professional accountant.
- A minimum of
four (4) years working experience, two of which should have been at a
senior level in a large organisation.
- Strong
leadership and analytical skills, strict adherence to deadlines and a team
player.
- Excellent
communication and demonstrated decision making skills.
- Excellent
interpersonal skills and ability to work in a diverse and multi-cultural
environment.
- Must be
computer literate and proficient in standard office computer applications
and accounting packages.
- Knowledge of
SAP will be an added advantage.
Application Procedure:
Qualified candidates to send
applications;- updated Curriculum Vitae and Cover Letter, current and expected
remuneration and contact details of 3 referees to
recruitment@riaraschools.ac.ke with subject of the email as Treasury Accountant
by close of business on Friday 9th December 2016.
Employment Policy Statement: In line with its values and the Employment Act 2007 provisions, Riara Group of Schools is an Equal Opportunity Employer who strives to promote good and fair employment practices which are intended to achieve the most effective use of all its human resources.
Employment Policy Statement: In line with its values and the Employment Act 2007 provisions, Riara Group of Schools is an Equal Opportunity Employer who strives to promote good and fair employment practices which are intended to achieve the most effective use of all its human resources.
We eliminate all types of
unfair discrimination based on race, colour, sex, language, religion, political
or other opinion, nationality, ethnic or social origin, disability, pregnancy,
or HIV status.
