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Job Description

Title: Chief Accountant – Real Estate & Hospitality,

Industry: Real Estate & Hospitality,

Location: Nairobi,

Salary: 200-250K,

 

Our Client is a well-established company in the Real Estate & Hospitality business in Nairobi. They seek to hire an experienced and competent Chief Accountant responsible for all areas relating to financial reporting, managing accounting, and budgets and forecast.

 

Responsibilities

Handle the full spectrum of financial and cost accounting roles e.g. producing forecasts, budgets, and reports

Responsible for day-to-day finance and accounts operations

Ensure that all accounting records are maintained i.e. ledgers and subsidiary books of accounts.

Prepare and present accurate management accounts (balance sheet, profit and loss statement cash flow reports, and other reports) for the Chairman and the Group Companies on a monthly basis to ensure informed decisions are made.

Lead in identifying, developing, and implementing effective internal control mechanisms and drive consistent improvements in financial processes and routines.

Supervise the accounts team personnel to ensure timely service delivery to the Group Companies.

Prepare a weekly and monthly cash flow report to identify payments made and due to Suppliers and follow up on receipts expected from Debtors and any pending payments.

Availing the required information for monthly VAT returns, supply and sales invoices to external accountants for submission of VAT returns

Carrying out monthly bank reconciliations for the Chairman and the Group Companies 

Managing cash flow and bank balances

Ensure that all transactions are as per accounting standards and systems for compliance.

Ensure financial issues and inquiries are addressed from internal and external customers to ensure satisfactory services.

Ensure internal checks are carried out to ensure effective and efficient accounting practices.

Coordinate revenue collection and expenditures of approved budgets to ensure the prudent use of available funds.

Ensure the application of sound principles, systems, and techniques in accounting for effective and efficient use of finances and assets.

The continuous audit of all accounts, records, and transactions.

Maintaining & updating fixed asset records

Processing the monthly payroll in compliance with KRA requirements

Invoicing tenants on a monthly basis for the Group Companies

Monthly supplier payment processing both for the Chairman and the Group Companies

Ensure the audit file is updated monthly

Check all petty cash and cheque payments allocation and ensure they are properly allocated.

Ensure taxes are properly calculated, accrued, and paid within the stipulated government deadlines, especially VAT, Withholding VAT, Withholding Tax, PAYE, NHIF, NSSF

Perform project cost forecasts/budgets, cost tracking, monitoring, and controls

Implement the recommendations by both the internal and external audits of the follow-ups and corrections of the weak points raised. 

 

Qualifications

Bachelor of Commerce Degree (Finance, Accounting, Economics, or any other relevant qualification)

Minimum of 7 years’ work experience in the accountancy field preferably Real Estate.

Must be a Certified Public Accountant (CPAK) and Registered with the Institute of Chartered Public Accountants of Kenya (ICPAK).

Excellent Communication skills

Must have good knowledge of accounting packages

Very good knowledge of MS Office applications and especially Excel.

Excellent understanding of accounting and reporting standards and procedures

Experience in researching as it relates to accounting issues

Awareness of business trends

Experience with creating financial statements

Experience with general ledger functions and the month-end/year-end close process

How To Apply

If you are up to the challenge, possess the necessary qualification and experience; kindly send your CV only quoting the job title on the email subject to [email protected] or [email protected]

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