Vacancy title:
Financial Accounting

Jobs at:
Kenya Airways

Deadline of this Job:
25th November 2018

Duty Station:
Nairobi, Kenya

Summary
Date Posted: 1st November 2018 , Base Salary: Not Disclosed , Employment Type: Full-Time

About the Company

JOB DETAILS:
To provide the Group with accurate, meaningful and timely reporting of monthly and periodic financial reports that will give management the required information for formulating policies, planning strategies, evaluating performance and controlling activities of the Group,

To prepare Group’s Annual statutory Financial Statements that comply with the relevant statutory requirements, the IFRS and relevant stock exchanges and capital market authorities,

To ensure Subsidiaries’ and Associates’ Financial Reports are provided to KQ management in time, review these statements for correctness and accuracy, before consolidating them into the Group accounts, Monitor Technical stocks from purchase to obsolescence to avoid exposure as well as support Technical department on financial related activities.

Responsibilities

•  Produce Group Annual Report and Financial statements that meet statutory requirements and management reporting standards (IFRS, IAS, Companies Act, etc) as well as Maintain sound, accurate, reconciled and up to date financial records
  
•  Maintain proper Balance sheet accounts ensuring adequacy of provisions to avoid large adjustments and surprises arising out of past events
  
• Review General Ledger account reconciliations for accuracy and timeliness in their preparation as well as absence of long outstanding reconciling items
  
•  Prepare monthly as well as periodic management reports (Accounts and Capex reports) including commentaries on the variances from plan
  
•  Coordinate and guide the business in regard to Capex budgeting ensuring items of expense nature are not budgeted under Capex and vice versa and that only viable Capex is budgeted for
  
•  Prepare Statement of Financial Position and Cash flow for budgets and strategy to aid management in decision making
  
•  Liaise between management and the external auditors to ensure smooth audit process
  
•  Coordinate the audit process and resolve audit issues within three months after the completion of the audit to ensure controls effectiveness of controls
  
•  Present annual financial statements for Financial Reporting (Fire) Award to demonstrate excellence in financial reporting
  
• Obtain variance analysis for departmental capex reports between actual capex and budgets to determine if expenditure is within budget
  
•  Ensure the Group’s fixed assets are properly managed
  
•  Prepare / evaluate Capex justifications (CBAs) before committing company funds to ensure investment is done in viable projects
  
•  To ensure overall Technical maintenance and DOC’s budget is properly prepared and controlled in order to ensure that expenditure is in line with business plans
  
•  To formulate, maintain, enforce and control financial policies, procedures and internal controls within the section and Subsidiaries to ensure compliance with all reporting requirements as well as safeguard assets of the company
  
•  Review Subsidiaries’ financial reports for correctness and accuracy, before consolidating them into the Group accounts
  
•  Monitor Technical stocks from purchase to obsolescence
  
•  To develop, train, motivate and coach staff to enhance performance for increased productivity
  
•  Ensure leave is taken by all to at least the stipulated levels to reduce the KQ financial exposure at year-end
  
•  Inculcate safety procedures at the workplace for good working environment for the team
  

Qualifications

•  Degree in Business related field
  
•  Full accounting Qualification – CPA/ACCA
  
•  MBA is desirable
  
•  IFRS / IAS training
  
•  Taxation rules and laws
  
•  Advanced Analytical skills
  
•  Integrity, Assertiveness, Proactive, Team player, Interpersonal skills, Motivator and self starter.
  
•  7 years in senior Finance and Accounting role in a busy commercial undertaking or external audit or consultancy firm
  

Competencies

•  Advanced Financial Acumen Skills
  
•  Excellent Communication Skills
  
•  Advanced Problem Solving Skills
  
•  Advanced Interpersonal Skills
  
•  Team player
  
•  Results Oriented
  
•  Attention to details and accuracy
  
•  Unquestionable Honesty / Integrity / Ethics
  
•  Assertive