Senior Accountant

Job Title: Senior Accountant

Company Overview

Two Rivers Power Company, Two Rivers Water and Sanitation, and Two Rivers Property Owners are integral to the Two Rivers Precinct, delivering essential utility and shared services that enable the precinct to operate efficiently. Together, they provide reliable power, water and sanitation services, and the management of shared infrastructure, supporting a vibrant, sustainable and integrated city experience.

Reporting To

Financial Controller, Centum Investment Company Plc

Job Purpose

The Senior Accountant will be responsible for management of financial reporting, financial operations and compliance for Two Rivers Power Company, Two Rivers Water Company and Two Rivers Property Owners.

Key Responsibilities

Budgeting and Forecasting

• Prepare annual budgets for the utility companies.
• Prepare forecasts for the companies with accompanying analysis and commentary of the forecasts against budgets, strategy and prior year.

Management Accounting and Reporting

• Completion of monthly finance close procedures and reporting of financial results.
• Preparation of monthly performance reports with accompanying analysis and commentary of the performance against budgets, strategy and prior year.
• Preparation of monthly balance sheet reconciliations and the necessary journal entry adjustments.
• Analyzing complex financial data and actively recommending corrective actions as necessary.
• Assist in the ad hoc financial analysis and preparation of technical papers as and when requested.

Statutory Reporting

• Preparation of statutory financial statements in accordance with IFRS and applicable local regulations.
• Preparation of company financial analysis and commentary for the Board.
• Support the external auditors during the statutory audit and ensure timely completion of the statutory audit process.

Treasury Management

• Regular assessment of the company’s liquidity needs and ensure accounts are funded to meet obligations.
• Accurate and timely preparation of short- and medium-term cash flow forecasts including analysis of bank balances and preparation of the weekly and ad hoc cash position reports.
• Liaising with bankers on the operation of the company’s bank accounts.

Finance Operations

• Developing and implementing sound accounting policies and processes.
• Ensure procurement is done in line with the procurement policy.
• Regular review and validation of the General Ledger, oversee receivables processing, payables processing, payroll processing, bank reconciliations and other finance operational procedures.
• Lead customization and integration efforts to make accounting and supporting systems fit for purpose in relation to the business needs.
• Monthly tax filing, including preparation of tax schedules for filing of taxes, ensuring timely tax payments and proper tax accounting.

Risk Management & Internal Audit

• Work closely with the Risk department and Business unit leaders in identifying key risks facing the business and update the risk register on an ongoing basis.
• Internal Audit support including provision of information during audits and implementation of recommendations therefrom.

Qualifications and Experience

• Bachelor’s degree in Business Administration, Commerce, Accounting, or a business-related field.
• CPA(K) or equivalent qualification is mandatory.
• A member of ICPAK, ACCA or similar association.
• Minimum of 5 years’ experience, preferably in a utility company or related industry.
• In-depth understanding of International Financial Reporting Standards (IFRS) and tax regulations.
• Advanced MS Excel skills with superior analytical skills.
• Hands-on experience with accounting software like SAP will be an added advantage.