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.
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
- Maintain system of accounts and keep books and
records on all transactions and
- Prepare and analyze accurate monthly financial and
management reports, including income statement, balance sheet, budget and
variance, projections and forecast, cash flow 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
- 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 statement as
- 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
- Coordinate interim and annual audits
- Understand and adhere to financial regulations and
- Markets and category size evaluation, projections
and monitoring performance against
- 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’
- 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
- 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
- Create forecasts of future business conditions
using multiple
- Act as finance liaison officer to sales and
marketing team on pricing queries and
- Gather ad-hoc information relevant to development
of pricing
- 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 meeting
during S&OP
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
- 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