Overview
No. of available posts: 3 positions
Reporting to: Grants Manager
Job Location: Kenya Red Cross Headquarters Nairobi
Overall Purpose
Reporting to the Grants Manager, the Grants Accountant will be responsible for effective planning, budgeting,implementing and evaluating accounting operations including management of the GF funds and monitoring the income against budget to ensure that all income variances are identified and investigated in a timely way and
management of creditors. S/He will manage bank reconciliations, updating and producing cash flow forecasts,according to income received and expenditure committed and reporting the monthly cash flow position,maintaining an updated billing system, handling credit balances as well as creating a cost-effective recovery system.
Core Duties and Responsibilities
• Contribute to the development, implementation and evaluation of the annual budgets and plans aimed at operationalising programmes and projects activities
• Contribute to the review and update of accounting policies and procedures through direct analysis of new and existing financial accounting systems and procedures to increase efficiency and to ensure compliance with standard accounting principles and procedures, regulations and statutory requirements.
• Coordinate receipts and disbursement, banking, protection and custody of funds, securities and financial instruments to ensure that the income recorded on the ledger is accurate and robust as well as follow up on unbilled income
• Advise management on reallocation of undisbursed funds to maximize on interest in line with policy directives
• Monitor the GF Programme income against budget and ensure that all income variances are identified and investigated in a timely way
• Monitor bank balances on a daily and periodic basis in order to produce cash flow forecasts according to income received and expenditure committed, also recommend appropriate action in the event of cash flow variances
• Ensure that the cash flow forecasts are compiled according to current best practice and are produced on a one year rolling basis.
• Liaise with auditors and ensure all requested information is supplied in a timely manner and that all relevant audit recommendations are implemented
• Manage banking relationships and highlight any issues to the Grants Manager.
• Contribute to multidisciplinary work teams to develop, implement and evaluate strategic management plans and budgets in order to improve performance standards and organisational effectiveness
• Provide various financial reports on an ad-hoc basis by extracting, compiling, analyzing, and formatting financial data; also provide assistance in interpreting report parameters, results, and data to line management, programme officers, project managers and other management personnel.
Minimum Qualifications
• Bachelor’s Degree in Accounting and finance plus CPA (K) or equivalent qualifications
• Over three (3) years experience in accounting including skills in computerized accounting systems.
Key Competencies
• Considerable knowledge and ability to perform professional accounting work in accordance with the international “Generally Accepted Accounting and Auditing Principles” (GAAP), procedures, standards and controls, including financial forecasting and monitoring of budgets as well as donor accounting procedures
• Ability to identify and resolve problems in a timely manner, gather and analyse information skilfully, develop alternative solutions, work well in group problem solving situations and use reason even when dealing with emotional topics
• Considerable knowledge of management information and financial management systems, proficiency in database systems, spreadsheet and flow chart applications, computerized accounting, budgeting and human resources systems
• Ability and willingness to make consultative decisions, exhibit sound and accurate judgment, support and explain reasoning for decisions, include appropriate people in decision-making process and makes timely decisions
Applications must contain:
Letter of application, curriculum vitae, copies of relevant certificates, address and contacts of two referees.
Deadline: 23 September 2011
