Finance Officer Job, Latest Finance Jobs In Kenya.

Title: Finance Officer,

Industry: Non-profit making,

Location: Nairobi,

Gross Salary:  kshs 120k – kshs 140k,

Our client is a non-profit making organization. They seek to hire  a Finance Officer who will be tasked with day-to-day accounting operations, preparing financial reports in order to assess the financial performance of the business and assist the business in implementing efficient and diligent financial practices.

 Key Responsibilities 

Financial Management and Reporting.

  • Providing leadership to the finance and accounting areas of our client and their Benevolence, proposing and implementing improvements in processes to increase efficiency.
  • Providing useful financial insights & analysis to help make better decisions about formulating and executing strategy to the MD and the BOD.
  • Prepare accurate monthly financial and management reports with commentaries. I.e., surplus statements, balance sheet, budget variance, projections & forecast, and cash flow.
  • Preparing a variety of ad hoc financial scenarios as requested by the MD and the BOD.
  • Ensuring the monthly accounts close process is properly executed, G/L accuracy is maintained, all bank & balance sheet accounts are properly reconciled monthly and any discrepancies are resolved.
  • Managing bank accounts and ensuring there are sufficient liquid funds while investing surplus cash in govt bonds or near cash financial instruments.
  • Becoming the key contact with the banks.
  • Reviewing all payments, ensuring the use of correct expense codes and coordinating with signatories for signing availability.
  • Managing the annual external audit process, ensuring that the audit is completed in an efficient and timely manner and the Audited Financial Statements are accurate, signed and filed on time.
  • Ensuring full compliance with the Kenya Revenue Authority and the registrar of companies.
  • Maintaining the general insurance to ensure our client is covered from all visible risks.
  • Maintaining an orderly accounting filing and archiving system.
  • Maintaining and updating the fixed asset register.
  • Plan, assign and review Accounts Clerk work.

Budget Management

  • Lead the annual budget process, forecasting and all other financial planning exercises in consultation with the MD and BOD.
  • Collaborate with budget managers by sharing budgets and providing support and clarity where needed.
  • Ensure budgets are entered into the accounting system (Quickbooks) once approved by the BOD.
  • Ensure BVA reports are prepared and have clear explanations at month-end.

Payroll

  • Reviewing payrolls for timeliness, and accuracy and providing salary variance reports with explanations where required.
  • Verifying new joiners’ personal files and change of status.
  • Ensuring carer salaries correspond to care charges on residents.
  • Ensuring payroll remittances including all statutory deductions to respective agencies are done accurately and on time.

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