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Accountant Job in Kenya

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 on or before Friday 22nd October 2020.

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