Job Purpose
Job Purpose
The candidate will be responsible for overseeing the company's overall financial records and transactions by ensuring accuracy and timely processing of transactions in the General Ledger.
Prepare monthly, semi-annual and annual financial reports, including consolidated balance sheets, consolidated income statements and consolidated cash flow statements for the Group and the company.
Ensure annual audited financial statements comply with applicable accounting standards, statutory requirements, IFRS and IAS.
Coordinate General Ledger (GL) closure by ensuring the closing timetable is circulated on time and all sub-ledger modules are closed as scheduled.Responsibilities
Responsibilities
Ensure timeliness, completeness, and accuracy of transaction processing in the ERP system for each financial period by reviewing and performing final posting of journal entries into the General Ledger.
Coordinate GL closure by ensuring the closing timetable is circulated on time and that all sub-ledger modules are closed as per schedule to facilitate timely production of management reports.
Manage all Group companies’ General Ledgers and intercompany balance reconciliations.
Prepare consolidated financial statements for the Group.
Prepare supporting schedules, notes to financial statements, and disclosure checklists to ensure completeness and accuracy of statutory reporting.
Maintain and update the company’s chart of accounts and ensure correct mapping of all accounts in the ERP.
Perform timely and high-quality General Ledger reconciliations for assigned accounts.
Maintain proper balance sheet accounts while ensuring adequate provisions to avoid significant adjustments arising from past events.
Review subsidiaries’ financial reports for correctness and accuracy before consolidating them into Group accounts.
Prepare the Group Annual Report and Financial Statements in compliance with statutory requirements and applicable financial reporting standards including IFRS, IAS and the Kenya Companies Act 2015.
Handle internal and external (adsbygoogle=window.adsbygoogle||[]).push({});audit requirements and act as liaison between management and external auditors to ensure a smooth audit process and timely resolution of audit issues.
Develop, train, motivate and coach staff to enhance performance and productivity.
Prepare statements of financial position and cash flow reports for budgeting and strategic planning purposes.
Stay informed of changes in IFRS, IAS and local regulatory requirements and assess their impact on Group financial reporting.Skills
Skills
Excellent analytical and problem-solving skills.
Detail-oriented with a high level of accuracy.
Effective communication and interpersonal skills, with the ability to work as part of a team.
Ability to thrive in a fast-paced and dynamic work environment.Qualifications
Qualifications
Bachelor’s degree in Accounting, Finance or another business-related field from a recognized institution.
Must possess a full ACCA or CPA qualification.
At least five (5) years of proven experience in General Ledger or Financial Accounting, preferably within the airline industry, a listed company, or a Big Four accounting firm.
Demonstrable experience in the preparation of consolidated financial statements under IFRS.
Strong understanding of accounting principles, financial regulations and their practical application.