Financial Accountant
Location: Nairobi
About FSD Africa
Established in 2012 and supported by
UK aid, FSD Africa is a specialist development agency working to build and
strengthen financial markets across sub-Saharan Africa. They work to reduce
poverty through a ‘market systems development’ approach, which means they aim
to address the structural, underlying causes of poverty by improving how
financial market systems function.
FSD Africa believes that investing in
building a financial system that is transparent, stable and accessible creates
the conditions for a fair and sustainable future. This is one where inequality
is reduced, corruption is tackled, and where individuals, businesses and
governments alike are able to prepare for future challenges, from climate
change to political instability.
From their headquarters in Nairobi,
the team of financial sector experts work alongside governments, business
leaders, regulators and policymakers to design and build ambitious programmes
that make financial markets work better for everyone. Depending on the project,
FSD Africa can provide a combination of grants, investment capital, market
insights or technical assistance to ensure they achieve their objectives.
They focus their work where the need
is greatest, and where they believe the potential for impact is the most
significant. They have a specific mandate to invest in breakthrough, innovative
ideas that they believe can have a transformative impact.
By sharing risk with their partners,
they’re able to address more difficult, persistent, or higher-risk challenges,
in more unstable or fragile geographies, than traditional development finance
organisations.
About the role
The Financial Accountant is
responsible for ensuring that FSD Africa’s financial information is complete
and financially sound; that they are managed through a robust and proactive
reporting system and provide accurate, financial reporting insights to enable
comprehensive financial decision making.
Key Responsibilities:
Accounting and Financial Reporting
Prepare accurate, timely, and prudent
financial and management information reports to support effective financial
decisions:
·
Prepare and or extract periodic
financial statements to inform on current status and projected performance to
the different stakeholders e.g. senior management, BOD and the public
(Statutory accounts)
·
Review, maintain, and reconcile
general ledgers and sub ledgers in the financial information system
·
Review payment vouchers to ensure
timeliness, completeness, and accuracy of supporting information in the
processing of payments
·
Keep abreast of changes in financial
regulations and legislation, and ensure compliance with statutory obligations
to minimise risk of litigation, financial and reputational loss, etc.
·
Ensure accurate and timely financial
reporting of both FSDA and FSDA(I)
Analysis & Advisory
Ensure that all expenditures are
aligned to FSD Africa budgets and prepare regular analysis of status
highlighting any areas of concern:
·
Advise on appropriate technology to
meet the organisation’s financial data processing, controls, and reporting
requirements
·
Contribute to the development of the
annual budget by providing guidance to departments/budget holders during
department budget planning
·
Support the Financial Analyst in
preparation of monthly performance/variance analyses and forecast reports,
carrying out cash flow analysis and management (financial projections) to
inform management decisions
·
Review monthly expenditure and
recommend areas where savings can be made.
·
Participate in identifying financial
risks, and threats pertaining to financial processes and systems of the
organisation
·
Coordinate, prepare and submit
external audit materials
Disbursement of Payments
Ensure accurate and timely
disbursement of funds; ensuring that payments are made to vendors, implementing
partners, service providers and other stakeholders:
·
Disburse all payments and funds in an
accurate and timely manner and ensure the update of the general ledger and sub
ledgers
·
Prepare and process payroll and other
allowances, ensuring correct calculation of statutory deductions
·
Always ensure compliance with FSD
Africa’s financial policies and standards when making payments
·
Ensure that taxes are payed, and
reporting made timely and accurately; ensure collection of tax payment
certificates for purposes of claiming any tax credits.
·
Reconcile account payables and
prepare monthly cost centre and operations performance reports
·
Prepare end of period adjustments;
accruals for provisions for unbilled monthly expenses and amortization of
prepayments
Financial Administration
Support the Finance Manager in
ensuring that routine financial administration is carried out in accordance
with good accounting practice:
·
Manage inventory at all time
(consumables and fixed assets), and ensure that all FSD Africa’s fixed assets
are on the register
·
Maintain financial records (both
system and physical)
·
Actively participate in the
sensitisation of staff and suppliers and provide guidance on improved payment
processes, accountability and practices
Supervision of Staff
Lead the unit effectively and
efficiently to ensure the provision of high levels of (internal & external)
customer service:
·
Plan and organise the work of the
unit to achieve team and functional objectives in the most cost-effective
manner possible; ensuring that team members are given appropriate workloads and
are working efficiently
·
Monitor and review performance; hold
subordinates accountable for achieving results, meeting standards of
excellence, and delivering any improvement goals which have been identified;
taking decisive action in the case of poor performance
·
Provide leadership to the unit,
managing performance and providing an engaging leadership style to ensure
motivation; carry out their performance appraisals and identify training and
development needs
Carry out any other duties or special
assignments as assigned by the Finance Manager and the CFO.
Does this sound like you?
·
You have a degree Commerce, Business
Administration or related
·
You have a professional qualification
in ACCA and or CPA
·
You have excellent written and spoken
English
·
At least 3 years of experience in a
similar role with a reputable medium to large organization
·
Good knowledge of IFRS and Tax
Management
Nice to have:
·
You have experience of working in a
multi-cultural environment
·
You possess advanced analytical and
mathematical skills
·
You are well versed in in budgeting,
forecasting and management reporting Languages
·
Languages: French, local African
languages
How to Apply
CLICK HERE to apply online.
Persons of all gender, race, sex,
orientation, age, and identity are encouraged to apply.
Apply by 24-04-2020
