The Position:
The main objectives of the position
• To ensure that control accounts and cash books are reconciled, duly balancing and outstanding items fully accounted for in their rightful ledger accounts
• To ensure that all ledger accounts are always correct, complete and up-do-date
• Suppliers invoices, taxes, utility bills etc are fully authenticated, accounted for and settled in time
Key Responsibilities:
The person shall be answerable to the Financial Accountant and shall:
- Manage the day-to-day payments of various nature including but not limited to branch reimbursements, utility bills, normal suppliers, member related payments etc
- Pay dividends, interest rebates and honoraria as and when declared in accordance with the Law and or/ Society Policy.
- Ensure all Society bank accounts are in agreement with bank statements, that bank charges are authenticated, correct and in time.
- May be required to prepare monthly payroll and ensure all statutory and other relevant deductions are correctly done and returns made to the relevant authorities by their due dates and /or in accordance with the Society policy
- Produce a monthly aged account payables report of all Society outstanding payments obligations.
- Ensure due reconciliation of creditors’ subsidiary accounts versus the control account.
- Ensure operation of an efficient and effective filing system that ensures safety of documents and quick retrieval thereof in compliance with the law and or the Society policy
- Monitor the performance of the society by understanding in detail the variances between the actual vis-à-vis the budgeted level of Society activities.
- Advice the Financial Accountant on matters of importance that affect the Finance Department and / or the whole Society.
- Supervise and obtain relevant reports from the officers under him/her; and undertake their performance appraisal as and when required.
- Any other duties as may be assigned to you from time to time.
- Manage the day-to-day payments of various nature including but not limited to branch reimbursements, utility bills, normal suppliers, member related payments etc
- Pay dividends, interest rebates and honoraria as and when declared in accordance with the Law and or/ Society Policy.
- Ensure all Society bank accounts are in agreement with bank statements, that bank charges are authenticated, correct and in time.
- May be required to prepare monthly payroll and ensure all statutory and other relevant deductions are correctly done and returns made to the relevant authorities by their due dates and /or in accordance with the Society policy
- Produce a monthly aged account payables report of all Society outstanding payments obligations.
- Ensure due reconciliation of creditors’ subsidiary accounts versus the control account.
- Ensure operation of an efficient and effective filing system that ensures safety of documents and quick retrieval thereof in compliance with the law and or the Society policy
- Monitor the performance of the society by understanding in detail the variances between the actual vis-à-vis the budgeted level of Society activities.
- Advice the Financial Accountant on matters of importance that affect the Finance Department and / or the whole Society.
- Supervise and obtain relevant reports from the officers under him/her; and undertake their performance appraisal as and when required.
- Any other duties as may be assigned to you from time to time.
The Person:
Minimum qualifications are:
- Bachelors Degree in business related field
- Minimum CPA Part III
- Minimum of two years of relevant experience
- Experience in a busy accounting office especially in reconciliation will be an added advantage
