Cash and Bank Accountant
Job Purpose.
- The role is responsible for
maintaining proper, accurate, and complete cash and bank records.
- The role entails assisting the
Treasury Accountant in overseeing the accounting and finance operations
for cash/bank, other receivables, and Tax. The role requires close
collaboration with supply chain, inventories, sales, and marketing, credit
control, tax consultants and bank relationship management teams
Job Responsibility
and Accountability
- Daily bank reconciliation for
both local and foreign currencies
- Monthly reconciliation of petty
cash and Bank Account.
- Posting of the LCs as they mature
as per the LC schedule.
- Reconciliation and posting of
cashier summaries account.
- Payment & filing of both
Withholding Tax & Withholding Vat.
- Posting of staff loans and
advances.
- Matching of supplier payments.
- Update of the asset master with
any new assets and other asset movements.
- Processing of showroom customer
refunds including those exempt from VAT.
- Tracking and reporting all due
invoices
- Responding to Audit related
queries concerning payments and cash/bank activities.
- Resolving operational queries
with banks.
- Preparing inter-bank transfers.
- Selecting suppliers for payments
and handling supplier correspondences
- Assist the Treasury Accountant to
proactively partner with and advise non-finance teams on cash and bank
activities, controls, and compliance matters.
- Assist the Treasury Accountant in
working closely with Bank Relationship managers to apply for bank
guarantees and other transactions.
- Assist the Treasury Accountant in
working closely with IT and user departments on systems, ERP
implementation, and optimization.
- Assist the Treasury Accountant in
conducting the finance for finance teams’ training as part of an
upskilling program.
- Go for structured trade visits,
attend relevant commercial events, and engage key stakeholders to gain a
better commercial understanding of the business.
- Assist the Treasury Accountant in
conducting process reviews and walk-throughs to ensure they are efficient,
effective, and adhered to.
- Process improvement – Assist the
Treasury Accountant in coming up with faster, easier, and better ways of
executing the cash and bank activities.
- Assist the Treasury Accountant in
preparing analysis for cash and bank activities.
- Assist the Treasury Accountant in
maintaining a database of cash and bank activities’ records and reports
- Assist the Treasury Accountant in
preparing budgets and forecasts
- Assist the Treasury Accountant in
working with all relevant stakeholders to drive cash and bank activities’
cost optimization initiatives.
- Work cross-functionally to implement
and improve cash and bank activities’ data, systems and reports.
- Participate in various committees
or task forces geared to business performance improvement.
- Carry out ad hoc assignments as
assigned from time to time by the Treasury Accountant, Financial
Accountant, CFO and / or the MD.
Qualification and
Experience
- Bachelor’s degree in finance,
accounting, economics or Business-related degree from an accredited
University.
- At least CPA II qualification.
- Minimum 3 years’ progressive
financial reporting, planning and analysis experience.
- Must have served at least 1 year
in a supervisory position, preferably in the retail business.
Key Skills:
- High attention to detail,
excellent analytical and presentation skills.
- High level of integrity and
confidentiality.
- Ability to build collaborative
relationships across the organization.
- A strong team player with
demonstrated experience in working with teams.
- Competent in a spreadsheet
application such as excel.
How to Apply
Interested and qualified candidates should
forward their CV to: careers@hotpoint.co.ke using the position
as subject of email.