Summary
Date Posted: Tuesday, September 13, 2022 , Base Salary: Not Disclosed

JOB DETAILS:
Principal Accountant

Job Reference Number:KNCU/30/2022

Purpose of the Job
The Principal Accountant is responsible for the prudent management of the Commission’s financial resources and providing accurate and timely financial information for decision support by both management and the Board

Remuneration
Gross pay Ksh. 131,769.00 – 164,420.00
Leave allowance –30% Basic Salary
Medical Allowance – As per KNATCOM Medical Scheme
Group Life & Accident Cover - As per KNATCOM Medical Scheme
Terms Permanent and Pensionable

Job Description
The Senior Accountant is responsible for developing financial system and implementing sound financial policies, systems, procedures and internal controls in compliance with Statutory Regulations and International Accounting Standards and communication of the financial policies, strategies, and plans and ensure their evaluation thereof.

Revenue Collections & Managements
• receipting of cash received;
• posting revenue collected in the cashbook in a timely manner;
• prepare revenue reports to ascertain the total revenue collected;
• mobilize, negotiate and source for funds for the Commission; and
• devise new revenue sources.

Budgeting and Budget Control
• formulate and interpret the budget and finance policies and coordinate the preparation of the annual budget plans, and establishment of proper internal financial controls;
• develop budgeting and financial instruments and submit to the relevant and authorized Offices in good time and provide follow up activities as may be required;
• prepare annual estimates of revenue and expenditure (annual budget) coordination of the budget process;
• authorization of expenditure;
• maintenance of vote book;

Records & Accounting
• maintain a chart of Accounts and classification of accounting transactions;
• ensure compliance with all financial legal and regulatory requirements;
• manage the payment system by ensuring adequate controls in verification examination of payment vouchers and settlements of trade payables as they fall due;
• ensure payments and transfers are done in the most efficient manner without loss to the Commission;
• monitor, guide and advice on appropriate and accurate bookkeeping;

Management of Working Capital
• monitor cash flow and oversee the Commission financial peormance against the budget and operational requirements;
• manage cash flow and forecasting, and control the commitment of funds and expenditure trends, in line with existing regulations;
• prepare weekly cash-flow reports;
• prepare cash-flow forecasts with cash need requests; and
• maintain asset register.

Preparation of the Financial Statements
• process journals to correct errors;
• review bank and cash reconciliations;
• reconcile and close all General Ledger accounts of the Commission monthly; and
• generate financial statements.

Investment
• perform cash use projection;
• identify suitable investment options;
• process funds transfer for investments;
• monitor investments portfolio against cash requirements; and
• generate investment reports to management and the Board.

Requirements for Appointment
For appointment to this grade, an officer must have:
• a minimum of eight (8) years relevant work experience with at least three (3) years in supervisory role;
• a minimum of Master’s Degree in Commerce, Business Administration, Business management (Finance or Accounting option) or other relevant and equivalent
• qualifications from a recognized institution;
• Bachelor’s Degree in Commerce, Business Administration, Business management (Finance or Accounting option) or other relevant and equivalent qualifications from a recognized institution;
• certified public accountants (CPA K) examination or ACCA affiliate exams.
• membership in good standing of the institute of certified public accountants of Kenya (ICPAK) or any other recognized professional body;
• demonstrated results in work performance;
• shown merit and ability as reflected in work performance and results;
• management course lasting not less than four (4) weeks from a recognized institution;
• proficiency in computer applications; and proven interaction with finance/accounting application/software.
• Conversant with finance ERP;
• Conversant with the Public Finance Management Act.


Work Hours: 8

Experience in Months: 96

Level of Education: Bachelor Degree

Job application procedure

Interested and qualified? Go to Kenya National Commission for UNESCO on unesco.go.ke to apply


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