Senior Accountant

Company Details
Industry: Government Administration
Description: Naivasha Water and Sanitation Company Ltd (NAIVAWASCO) was established by the Water Act of Parliament on (2002). NAIVAWASCO was incorporated on 8th September 2005 and started operations in 2006 with shareholding by the then Municipal Council of Naivasha. Following the promulgation of the new Constit… Naivasha Water and Sanitation Company Ltd (NAIVAWASCO) was established by the Water Act of Parliament on (2002). NAIVAWASCO was incorporated on 8th September 2005 and started operations in 2006 with shareholding by the then Municipal Council of Naivasha. Following the promulgation of the new Constitution, all the shares were transferred to the County Government of Nakuru. NAIVAWASCO is a registered private limited liability company wholly owned by the County Government of Nakuru as the majority shareholder, with mandate of providing water and sanitation services in Naivasha Sub-County and its environs on self-sustaining basis. At cabinet level, NAIVAWASCO is represented by the Cabinet Secretary for Environment, Water and Natural Resources who is responsible for the general policy and strategic direction of the NAIVAWASCO. View more View less
Job Details
Job Type: Full Time
Workplace Type: On-site
Qualification: Degree
Job Experience: Mandatory
Job Location: Nairobi County, Kenya
Closing Date: Undisclosed
Salary: Undisclosed
Other Pay: Benefits
Job Category: Accounting, Audit, Finance
Job Description

Job Purpose

  • The role holder oversees all accounting and financial aspects of the Company and is responsible for implementation of the accounting and financial policies and strategies, budgetary planning and asset management.

Key Responsibilities/ Duties / Tasks

Supervisory Responsibilities

  • Spearheading the development and execution of the company’s strategy on accounting and finance;
  • Developing and overseeing implementation of policies, procedures and manuals to safeguard financial integrity;
  • Co-coordinating the development of the annual budget;
  • Assessing internal controls, including risk assessments and reviews of risk areas
  • Identify, evaluate, mitigate and monitor operational and strategic risks of the function;
  • Developing and enforcing Internal controls in the accounting and finance function;
  • Ensuring confidential information is secure

Operational Responsibilities / Tasks

  • Implementing adequate budgetary provisions, monitor absorption and ensure optimal utilization aligned to the company’s strategic activities
  • Supervising, training and appraising accountants and functional assistants in the accounts section.
  • Preparing budget proposals for additional expenditures and reallocation of voted funds during the year.
  • Preparing periodic updates to the management on the budgetary absorptions and financial position.
  • Assist the senior management undertaking liaisons with financiers supporting projects and ensuring compliance with the funding requirements;
  • Advising the on all financial and accounting matters;
  • Assist in developing supplementary financial regulations and procedures to enhance internal controls.
  • Assist in analyzing and interpreting financial reports and make recommendations based on the findings.
  • Ensure compliance with GAAP principles
  • Maintaining and reconciling fixed assets schedules
  • Performing month-end and year-end account reconciliations including preparation of working papers for auditors' review.
  • Ensuring proper computation of taxes and filling of annual tax returns

Job Dimensions:

Financial Responsibility

  • Involved in the development of annual budget.
  • Involved in the direct approval, allocations and reporting of all expenditure.

Responsibility for Physical and Intangible Assets

  • Furniture and fittings
  • Machines and equipment
  • Intangible assets

Decision Making / Job Influence

  • Strategic decisions;
  • Management decisions;
  • Operational tasks.

Working Conditions

  • Works in a normal office environment (80%)
  • Works in the field within the service area local and international travelling (20%)
  • Working beyond normal hours including weekends

Job Competencies (Knowledge, Experience and Attributes / Skills).

Academic qualifications

  • Bachelor’s degree in Commerce, Finance, Economics , Accounting or Finance, Business Administration, or other relevant qualification from a recognized institution; Master’s Degree will be an added advantage

Professional Qualifications

  • Public Accountant (CPA)K, CCPK, ACCA;
  • Membership to ICPAK or other relevant professional body

Previous relevant work experience required

  • Work experience of at least five (5) years, two (2) of which must have been at a Supervisory level;
  • Experience with financial reporting, tax compliance, budgeting, and financial analysis.
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