East African Packaging Industries (EAPI)
Job Vacancy: Financial Accountant / Market Finance
Reports To: Finance Director
Job Summary: The Financial
Accountant will oversee day-to-day accounting operations, with functional
responsibility for accounting, accounts payable, payroll.
He/ She will be responsible for production of financial reports, proper maintenance of accounting records, accurate processing of financial transactions and administration of a comprehensive set of controls and budgets designed to mitigate risk and enhance the accuracy of the company’s reported financial results.
Duties &
Responsibilities:
·
Track the company’s financial status and performance to identify
areas for potential improvement
·
Provide useful financial insights to help make better decisions
about formulating and executing strategy and provide guidance and analysis to
the finance director and operational management to improve results.
·
Maintain a system of accounts and keep books and records on all
transactions and assets.
·
Prepare and analyze accurate monthly financial and management
reports, including income statement, balance sheet, budget and variance,
projections and forecast, cash flow e.t.c.
·
Maintain control of the following areas: general ledger,
accounts payable, expense reports, billing, and payroll.
·
Ensure integrity of stock take at both Nairobi & Mombasa
plant and reconciliation to GL
·
Review financial data and prepare required reports, present
accurate financial reports when required.
·
Review supplier reconciliations before payments. Manage supplier
queries and resolution of reconciling items
·
Establish and maintain financial policies and procedures for the
company
·
Coordinating the preparation of the draft audited financial
statements and all tax returns. Ensure timely, accurate and complete issuing of
financial statements as required.
·
Monitor bank accounts and coordinate cash sweeps to minimize
bank interest charges and penalties
·
Prepare weekly payment forecast based on agreed payment plans
and business requests
·
Ensure bank obligations are paid OTIF (LC’s, Bills of Exchange,
Stock loans, Commercial loans, Asset finance, IPF)
·
Assist in production of cash flow reports, annual budget, and
forecasts.
·
Calculate variances from the budget and report significant
issues to management and provide for a system of management cost reports.
·
Coordinate interim and annual audits
·
Understand and adhere to financial regulations and legislation.
·
Markets and category size evaluation, projections and monitoring
performance against plan.
·
Provide financial input for commercial contracts (e.g. leasing,
commissions, exclusivity).
·
Prepare Customer & account managers Profit & Loss
analysis on Periodic basis to manage customers & account managers’
productivity.
·
Value chain cost analysis including transport to customer on
Periodic basis
·
Prepare pricing structures in liaison with Head of sales
including the custody of signed pricing documents.
·
Evaluate profitability of products and recommend corrective
action to improve returns.
·
Ensure appropriate and adequate Insurance cover both general and
medical. Ensure timely renewal and payment of premiums (IPF)
·
Prepare cost-benefit analysis on any sales and marketing activity
and promotions to gauge return on investments.
·
Periodical evaluation of customers trading terms to ensure no
exposure or constraint business operations.
·
Create forecasts of future business conditions using multiple
scenarios.
·
Act as finance liaison officer to the sales and marketing team
on pricing queries and computations.
·
Gather ad-hoc information relevant to development of pricing
structures.
·
Perform variance analysis between actual, forecasts and budgets
(volume, price & mix)
·
Key account participation internally and externally (at Customer
site)
·
Participate in volume, net sales revenue and selling expenses
generation for LE & AOP
·
Prepare sales reports for inclusion in management reports and
Board packs
·
Represent finance at demand planning meetings during the S &
OP process.
Skills &
Qualifications;
·
Bachelor’s degree in Accounting or Finance.
·
Post Graduate qualification will be an added advantage
·
CPA K
·
Knowledge and use of ERP
·
FMCG or B2B industry experience is an added advantage
·
Minimum of 5 years experience finance and accounting experience
including coordinating audit activities and managing reporting, budget
development and analysis, accounts payable and receivable, general ledger and
payroll
·
Proficient in spreadsheets, databases, MS Office and financial
software applications
·
Excellent time management skills, with the ability to perform
multiple tasks and meet critical deadlines while maintaining accuracy and
quality.
·
Proven ability to make complex and time-sensitive decisions in
the best interests of the organization.
·
High level of integrity
How to Apply
If you are up to the challenge, possess the necessary
qualification and experience; please send your CV only quoting the job title on
the email subject (Financial Accountant/ Market Finance) to hr@eapi.co.ke on or
before Friday 22nd October 2020.