Summary
Date Posted: Monday, December 13, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
V/NO. SIT/ 2021/2 SENIOR FINANCE OFFICER – (JOB GROUP L) 1 POSITION.
Terms of Service: Three years contract renewable subject to satisfactory performance.
Salary Scale: Basic salary of Ksh 46,230.
House allowance: 15% of basic salary.
Medical Allowance: 8% of basic salary.

Job Summary.
This position reports to the Principal and is responsible for the provision of financial services that include financial accounting, and management accounting so as to ensure the institution finances are prudently managed and quality financial information required for decision making availed in a timely manner.

Duties and responsibilities.
The Senior Finance Officer will be responsible of the following among others:
• Prepare final accounts that reflect true and fair view of the financial position of the institution to ensure compliance with the statutory requirements
• Ensure proper interpretation and implementation of financial regulations and procedures, government circulars, letters and instructional to comply with statutory requirement i.e. Kenya National Audit office
• Review funds disbursement requests from department heads, and approve as appropriate, to ensure the departments have the resources required in the implementation department strategies, and to minimise on unbudgeted expenditure that might result in resource wastage
• Advise the institution management on all financial matters i.e. tenders, planning, audit training to ensure sound and correct decision making
• Oversee preparation and submission of statutory reports i.e. NHIF, PAYE, NSSF, as required by the law for compliance purposes
• Supervise and advise on training needs of finance staff to ensure they have the right skills to execute their daily duties
• Ensure timely preparation and submission of the institution budget to maintain accurate accounting records and preparation of management and statutory financial reports
• Develop the institution budget to ensure sufficient allocation of resources that support the implementation of its strategy in an efficient and effective manner.
• Maintain inventory of all bank accounts to monitor the liquidity status of the institution
• Ensure availability of funds for day to day activities for efficient and effective running of the institution
• Sign cheques and vouchers within the required/set threshold for prudent and timely execution to enhance smooth running of the institution’s operations.
• Preparation of budget
• Monitor expenditure
• Account for all resources allocated to all departments

Minimum Requirements.
• Bachelor’s degree in any of the following disciplines: -Commerce (Accounting/Finance Option), Finance, Business Administration (Accounting/ Finance Option), Business Management (Accounting/Finance Option) or its equivalent qualification from a recognized institution.
• Have CPA (K) with ICPAK membership and in good standing.
• Demonstrated managerial, administrative and professional competence in work performance.
• Served in the grade of Accountant /Finance Officer or a similar position for at least three (3) years
• Certificate in relevant computer accounting packages;
• Senior Management Course training will be an added advantage.
• Certificate of good Conduct
• Compliance with Chapter 6 of the constitution.

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure
The details of the advertised post can be accessed from the Institute’s website www.siayainstitute.ac.ke/careers. Interested qualified persons are requested to download the fillable PDF application forms, fill and submit via e-mail to recruitment@siayainstitute.ac.ke so as to reach the undersigned on or before Monday, 3rd January 2022 at 3:00pm.
NB: Youth, Women, and Persons living with Disability (PWD) are encouraged to apply
SECRETARY OF THE BOARD OF GOVERNORS / PRINCIPAL
SIAYA INSTITUTE OF TECHNOLOGY
P.O. BOX 1087 – 40600
SIAYA

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