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Cash and Bank Accountant Job-Hotpoint Appliances Ltd 50 views

Cash and Bank Accountant Job, Latest Accounting Jobs In Kenya,

Job Purpose.

  • The role is responsible for maintaining proper, accurate, and complete cash and bank records.
  • The role entails assisting the Treasury Accountant in overseeing the accounting and finance operations for cash/bank, other receivables, and Tax. The role requires close collaboration with supply chain, inventories, sales, and marketing, credit control, tax consultants and bank relationship management teams

 Job Responsibility and Accountability

  • Daily bank reconciliation for both local and foreign currencies
  • Monthly reconciliation of petty cash and Bank Account.
  • Posting of the LCs as they mature as per the LC schedule.
  • Reconciliation and posting of cashier summaries account.
  • Payment & filing of both Withholding Tax & Withholding Vat.
  • Posting of staff loans and advances.
  • Matching of supplier payments.
  • Update of the asset master with any new assets and other asset movements.
  • Processing of showroom customer refunds including those exempt from VAT.
  • Tracking and reporting all due invoices
  • Responding to Audit related queries concerning payments and cash/bank activities.
  • Resolving operational queries with banks.
  • Preparing inter-bank transfers.
  • Selecting suppliers for payments and handling supplier correspondences
  • Assist the Treasury Accountant to proactively partner with and advise non-finance teams on cash and bank activities, controls, and compliance matters.
  • Assist the Treasury Accountant in working closely with Bank Relationship managers to apply for bank guarantees and other transactions.
  • Assist the Treasury Accountant in working closely with IT and user departments on systems, ERP implementation, and optimization.
  • Assist the Treasury Accountant in conducting the finance for finance teams’ training as part of an upskilling program.
  • Go for structured trade visits, attend relevant commercial events, and engage key stakeholders to gain a better commercial understanding of the business.
  • Assist the Treasury Accountant in conducting process reviews and walk-throughs to ensure they are efficient, effective, and adhered to.
  • Process improvement – Assist the Treasury Accountant in coming up with faster, easier, and better ways of executing the cash and bank activities.
  • Assist the Treasury Accountant in preparing analysis for cash and bank activities.
  • Assist the Treasury Accountant in maintaining a database of cash and bank activities’ records and reports
  • Assist the Treasury Accountant in preparing budgets and forecasts
  • Assist the Treasury Accountant in working with all relevant stakeholders to drive cash and bank activities’ cost optimization initiatives.
  • Work cross-functionally to implement and improve cash and bank activities’ data, systems and reports.
  • Participate in various committees or task forces geared to business performance improvement.
  • Carry out ad hoc assignments as assigned from time to time by the Treasury Accountant, Financial Accountant, CFO and / or the MD.

Qualification and Experience

  • Bachelor’s degree in finance, accounting, economics or Business-related degree from an accredited University.
  • At least CPA II qualification.
  • Minimum 3 years’ progressive financial reporting, planning and analysis experience.
  • Must have served at least 1 year in a supervisory position, preferably in the retail business.

 Key Skills:

  • High attention to detail, excellent analytical and presentation skills.
  • High level of integrity and confidentiality.
  • Ability to build collaborative relationships across the organization.
  • A strong team player with demonstrated experience in working with teams.
  • Competent in a spreadsheet application such as excel.

How to Apply

Interested and qualified candidates should forward their CV to: using the position as subject of email.

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