Senior Accountant
OSN
Total years of experience :24 years, 7 Months
• Key member of group VAT implementation team offering input on system customization requirements, testing for compliance and reporting
• Reviewing capital expenditure and purchase request to ensure that correct VAT category is correctly used at procurement for compliance.
•Manage inter-company equipment sales and consolidation reporting for group transactions
• Prepare group management reports for supply chain, fixed assets and customer operations.
• Validate pricing for all inter-company shipments.
• Review group capital expenditure acquisition ensuring compliance with company policy
• Manage group fixed asset register from acquisition impairment, retirement and disposal
• Prepare capital expenditure cash-flows to support treasury with to arrange for funding.
• Prepare commentary for board report relating to property plant and equipment
• Supervise, co-ordinate and lead diverse finance team of eight heads
• Responsible for monthly management reports and quarterly consolidation of financial statements for East Africa entities
• Responding to all audit queries and other stakeholders’ questions including the Kenya Revenue Authority, Banks and Suppliers.
• Reconciling intercompany transactions and liaising with counterparties in the Middle East, Africa, Europe, Asia and South Latin America to clear discrepancies within deadlines.
• Manage and maintain the fixed asset module (including industrial bulk storage assets) and prepare schedules for audit.
• Track fixed assets movement register, categorization of assets, monitor depreciation and processing disposals
• Review and analyze sales contract costing, and prepare accrual schedules
• Review of accounts, trial balance and costs before uploading to the Group reporting system Magnitude
• Development of a cost allocation key to various cost centers and commodities for reporting.
• Cross functional (product-wise and country-wise) co-ordination of matters relating to system requirements and improvement
• Responding to queries from the parent region MEA, and from the Group
• Training and supporting accounting system users in the East Africa region
• Manage mapping of local COA to the Group COA
• Ensuring integrity of accounting information
• Responsible for managing and reporting of intercompany transactions in SAP Business Objects and subsequent reconciliation in the Group reporting system Magnitude
• Ensuring inventories of various commodities are reported at market values
• Verify traders’ position on open contracts, inventory and ensure accurate reporting
• Reporting cash flow forecasts for all commodity products for East Africa entities.
• Analysis of actuals vs. budgeted figures and provided explanations for variances
• Prepare the Capex budget and monitor utilization to ensure proper accounting
• Providing accurate information to support annual budget and reforecast processes
• Improving accounting processes and liaising with regional finance teams
• Support accounting team to ensure integrity of accounts.
• Ensuring internal controls are complied with, as per Group policy
• Reporting of weekly P&Ls for commodities and review with commercial department.
• Review costing to ensure accuracy and integrity of trade to position for various commodities; Grain, Palm Oil and sugar platforms
• Validate data for upload to reporting system and checking output to ensure correctness.
• Analyze and consolidate the company’s revenues for purposes of management reporting.
• Coordinate preparation and presentation of management monthly, quarterly and annual reports ensuring reporting compliance with IFRS
• Generation of final account for signing.
• Conducting financial analysis and report on trends for use in decision making
• Supervision of accountants involved in system updates and reconciliations.
• Participate in the implementation of and upgrade of company’s financial reporting systems.
• Liaise between Finance, and IT with a view to ensuring accurate reports are generated
• Analysis of intercompany transactions and reconciling intercompany debt for consolidation purposes.
• Conducts monthly trend analysis by service, usage and by destination and time.
• Preparing operational budgets and analyzing variances.
• Monthly reconciliation of ledger accounts to the balance sheet
• Preparation of payroll amendment vouchers, submission of statutory deductions and administration of transfer of funds to employee’s bank accounts as well of returned salaries.
• Facilitation of the audit exercise by providing audit schedules and all other information required by the auditors.
• Preparation of premium income balances per agency at the end of the month to facilitate closing of monthly management accounts
• Preparation of journal vouchers and assisting the financial accountant in generating monthly trial balance, income statement and balance sheet
• Preparation of cashbooks and monthly reconciliation bank.
• Receipting of premiums and banking of cash and cheques on a daily basis.
• Maintaining the head office petty cash.
• Preparation of payment vouchers for claim settlement
• Analyze and reconciliation brokers and agent accounts and preparation of payment schedules on monthly basis.
• Prepare analysis of selected general ledger accounts to confirm their accuracy, and it required prepare adjusting entries to facilitate settlement of dues.
• Participate in the formulation and implementation of policies and procedures.
• Ensure that accurate and complete accounting, reporting and internal control systems are well functioning and that relevant records are maintained.
• Prepare monthly cash projections for various uses for the organization
• Review the accuracy of transaction and following up corrections with the accounts personnel and giving advice or guidance where necessary.
• Review of bank reconciliation statements on monthly basis.
• Attend to audit queries arising from visits by the external and internal auditors and liaise with them on matters affecting the accounts.
• Initiate changes and improvements to the manual accounting procedures and take initiative to improve internal controls.
• Review payroll processes, procedures and systems.
GPA 3.24