Principal Accountant at Warehouse Receipt System Council- WRSC

About the Role

An exciting opportunity has arisen for a motivated professional to join the Warehouse Receipt System Council (WRSC) as Principal Accountant in Nairobi, Kenya.

Key Duties and Responsibilities

Accounting & Financial Control

• Verify payment vouchers and committal documents in accordance with laid down financial rules and regulations
• Process payments, imprest, travel advances and appropriation in aid returns
• Receive cash, perform banking operations, and balance and reconcile cash books on a daily basis
• Verify bank reconciliation statements, statutory deductions payments, and receipt of all monies due and payable to the Council
• Prepare and maintain accurate prepayments, accruals and provision schedules
• Validate personal and merchant claims guided by cash balances in the cash books in line with National Treasury circulars and guidelines
• Apply sound accounting principles, systems and techniques in accounting for finances, assets, revenue, expenditure and costs
• Account for special funds, programmes and projects funds

Reporting & Budgeting

• Monitor revenue collection and expenditures based on approved budgets
• Analyse payments and conduct data analysis to support preparation of accounting reports
• Prepare financial statements and reports for the Council
• Prioritize programmes and activities for results-based allocation of resources
• Evaluate and scrutinize expenditure proposals
• Compile information required in the budgetary process
• Process medium-term expenditure and revised estimates budgets
• Monitor commitments on expenditures for recurrent, development and donor funds
• Prepare budgets for recurrent and development votes
• Prepare quarterly financial expenditure forecasts and reports
• Initiate proposals seeking funds for additional expenditure and re-allocation of funds
• Ensure timely disbursement of funds and monitor expenditures on projects and programmes

Person Specifications

Mandatory Requirements

• Minimum of nine (9) years of cumulative professional experience