Vacancy title:
Financial Accounting

Jobs at:
Oil Libya Limited

Deadline of this Job:
26th August 2018

Duty Station:
Nairobi, Kenya

Summary
Date Posted: 23th August 2018 , Base Salary: Not Disclosed , Employment Type: Full-Time

About the Company

JOB DETAILS:
PricewaterhouseCoopers (PwC) – Under the brand name ‘OiLibya’, Libya Limited operates 67 stations country wide through a dealer network. It operates a lubricant blending plant in Mombasa, terminals in Nairobi, Mombasa and Eldoret and has a presence at the Kenya Pipeline Company (KPC) depots in Western Kenya. It also operates its aviation business through the two main airports in Kenya.
The business covers the sale and marketing of a range of quality Lubricants, Fuel to both retail customers, L P Gas, Chemicals and Special products.
Libya Oil Kenya Limited’s vison is to be Africa’s leading and most respected partner in shaping African energy and empowering African born prosperity.
With that respect, On behalf of our client, Libya Oil Kenya Limited, we are looking to recruit for Financial Accounting Manager

Responsibilities for the Financial Accounting Manager Job

•  Monitor and analyse the CAPEX spends and hold monthly CAPEX progress meetings with the Engineering team and the Senior Management team.
  
•  Monitor and analyse OPEX to ensure that the organisation operates within agreed budgets
  
•  Prepare Board Papers for Board Meetings and provide detailed commentary.
  
•  Identify and analyze data integrity issues within the ERP system and propose remedial changes to safeguard against financial risk.
  
•  Review project performances against the agreed Discounted Cash Flow in order to produce relevant commentaries for the Business.
  
•  Prepare monthly financial management reports to inform decision making at Business and Group level.
  
•  Develop the annual budget for Treasury, Stock and Credit functions and periodically review the budget to account for variances.
  
•  Manage the company’s working capital for informed decision-making.
  
•  Supervise the treasury, stock and credit functions of the business
  
•  Establish, monitor and evaluate the performance of direct reports against sets targets and facilitate personal development plans.
  
•  Interpret and report on the Business Performance metrics and prepare business reviews for management use.
  
•  Oversee external vendor relations, including contracts, billing and internal process support.
  
•  Ensure compliance for all tax reporting and preparation of tax notes for the semi-annual and annual reports.
  
•  Develop and implement internal controls, policies, procedures for the Stock, Credit and Treasury function and other business financial activities of the organization.
  Key Metrics
  
•  Ability to produce accurate and insightful profitability analysis that advise key drivers of our Business
  
•  Ability to interpret inventory levels accurately and advise the business on appropriate action.
  
•  Ensure for timely cash reconciliation and reporting for both local and the Group entity.
  
•  Negotiate with financial institutions to ensure the organisation receives low cost credits.
  
•  Implement Group Credit policy (within 90 days) and manage supplier accordingly.

Financial Accounting Manager Job Requirements

•  A bachelor degree in Accounting, Commerce or any other related field from a reputable institution.
  
•  At least l0 years working experience in a complex and dynamic organisation. (Big 4 audit firms, banks or sizable organisations would be an added advantage).
  
•  A certified public accountant of Kenya (CPA-K), ACCA or an equivalent qualification. A registered member with the Institute Certified Public Accountant of Kenya (ICPAK) in good standing.
  
•  Experience in consolidated Group Accounting and working knowledge of IFRS and GAAP policies and standards
  
•  An understanding of the downstream Oil and Gas Industry
  
•  Experience in managing and negotiating with a variety of internal and external stakeholder included but not limited to banks, specialist suppliers and government agencies.
  
•  Experience in conducting complex financial analysis, modelling and in developing reports for senior management.
  
•  Ability to effective communicate cross functionally.
  
•  Thorough knowledge of ERP is an Added advantage.
  Your application to reach us by Sunday 26th of August 2018.