Title: Chief Accountant – Real Estate & Hospitality,
Industry: Real Estate & Hospitality,
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.
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.
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