Ital GLOBAL – We are a comprehensive Human Capital and Quality Management Consultancy firm dedicated to helping organizations just like yours with their HR and Quality Management requirements. We believe in creating productive and fruitful relationships with our clients by adding value to your business to ensure that you get the very best return on your Human Capital spend. Our Human Capital solutions, advice and guidance are uniquely designed and shaped around your exact requirements and objectives. They will fit with your culture and the business challenges that you currently face.
About the Client:
Our
client is a leading innovative construction solutions provider in East Africa
who has a proven track record of performance driven by solid knowledge and
experience in the construction industry and is seeking to recruit
Accountant-Head of Payables responsible for the accounting functions.
Summary of Duties and Responsibilities
- Ensure payments are made to suppliers
consistently, accurately and within credit terms. Verify invoices against
contract terms and other agreements
- Review transactions for completeness and
accuracy including proper authorization for payment processing.
- Prepare payment vouchers. Set up, monitor
and perform reconciliations and accruals on a monthly basis for major
suppliers paid by standard voucher.
- Support the monthly accounting closing
process to ensure accurate and timely financial reports.
- Review accounting controls and processes,
suggest improvements and help implement and support any changes.
- Ensure all corporate and normal business
and ethical standards are closely adhered to and correct any deviations
encountered and ensure appropriate controls are administered.
- Ensure that all documentation relating to
payments are in accordance with all regulations and maintain a very high
level of vigilance.
- Answer supplier queries on invoices &
payments. Verify vendor accounts by reconciling monthly statements and
related transactions.
- Reconcile Accounts Payable on a monthly
basis (including Down payment Requests).
- Maintain the vendor/supplier files and
monitor the accounts to ensure payments are up to date.
- Prepare and Process tax and statutory
cheques/payments timely to avoid penalties
- Prepare and disburse accounts payable
cheques.
- Perform reconciliation of balance sheets
accounts.
- Strong involvement in the physical
receipt of deliveries by suppliers before being transferred to the store.
- Participate actively during stock taking.
- Filing of supplier invoices and vouchers
and answering all queries relating to payables activity.
- Liaison with Credit control colleagues on
cheque swap.
- Review supplier payments periodically to
note any changes in pricing, query the same to ensure any variances in
costs for same items, quantities and liaise with procurement to verify the
same prior to payment confirming reason to the variances.
- Assist in the accounts receivables
analysis and modeling.
- Participate in the interim/year end and
the internal audit processes.
- Maintain fixed assets register, process
additions and disposals in the system to ensure the GL and the fixed
assets register are reconciled monthly and variances adequately explained
to the FM. Recommend Assets for writeoff.
- Participate in fixed asset tagging and
bi-annual fixed asset verification exercise, including P&M and EFR.
Allocate tag numbers to fixed assets to effectively track them from time
to time.
- Record fixed assets by creating and
supervising a system of procedures, forms, and controls.
- Recommend any updates to accounting
policies affecting fixed assets to management.
- Participate and being in constant liaison
with the managers on capex requirements.
- Agree the inter-company balances with the
group entities.
- Record in the accounting system newly
acquired fixed assets and those disposed.
- Track, compile, and record project costs
in fixed asset accounts; close out the accounts at the completion of the
projects.
- Perform reconciliation of fixed asset
subsidiary ledger balance with summary-level account in the general
ledger.
- Perform depreciation calculation for all
fixed assets.
- Perform revision and update on the
detailed schedule of accumulated depreciation and fixed assets.
- Find out fixed assets’ obsolescence
potential and recommend for writeoff.
- Carry out periodic reviews on intangible
assets’ impairment.
- As may be requested by management,
perform fixed asset related analyses.
- Track Company’s fixed asset spending in
relation to its capital budget, as well as management authorizations.
- Carry out the revaluation of fixed assets
as required to comply with applicable standards.
- Any other duty that may be allocated to
you by the FM.
Key Qualifications
- Degree in Finance/Accounting
- CPA (K)- Mandatory
- At least three(3) years’ experience
dealing with accounts payables in Kenya
- Experience with month-end and quarter-end
close processes.
- Experience in a manufacturing set-up
- Overall experience of 5years
Competencies and Skills:
- IT skills and prior use and knowledge of
SAP would be of added advantage
- High level of critical thinking
- strong quantitative skills
- Ability to think strategically while
managing the details
- Ability to work as a team player
- Good analytical & numerical ability
and attention to details.
- Good oral and communication skills
- Ability to meet deadlines.
- Strong Administrative skills highly
desirable.
- Excellent Reporting and presentation
skills;
- Should be highly motivated with a
Positive attitude.
- Confident and capable of operating at all
levels.
- Great at Multitasking
- Decision Making Skills
- Service oriented personality
How To Apply
Interested
applicants should send their detailed CVs and cover letters quoting the job
title (ACCOUNTANT-HEAD
OF PAYABLES- MANUFACTURING) as subject to reach us not later
than 15th May 2024 to careers@italgloballtd.com
Only the shortlisted candidates will be contacted. Interviews
will be conducted on a rolling basis.