Latest Job Opening at PowerGen Renewable Energy

Financial jobs, Accounting jobs,

Financial Accountant

Purpose / Overview

The Financial Accountant is responsible for processing of accounting transactions, preparation of reconciliation and supporting schedules that provide confidence that the Kenya balance sheet is accurate and collaborative improvement of inefficient finance and business system team process improvement.

The Finance team will ensure that we use our technical competence to help PowerGen achieve its vision of becoming the leading renewable energy utility in Africa, profitably.

Our team supports the vision by processing transactions within the agreed due dates, we maintain up-to-date reconciliations and schedules, we review our balance sheet accounts every month to ensure it is accurate, we achieve unqualified audit opinions and we continually improve our processes to make them more efficient so that we spend less time processing transactions and more time on analysis and growth opportunities. We continuously review and improve our internal controls i.e our mechanisms and procedures to ensure PowerGen is operating effectively and efficiently, has reliable financial reporting and is compliant with company policies, government laws and regulations.

Activities:

Accounting, Reporting & Auditing:

Maintain, in conjunction with the Finance Manager, the monthly cash flow forecast file for the company to ensure that cash is available for operations for at least 12 months
Ensure that strong internal controls exist and are followed over the company’s cash, inventory and fixed assets. Internal controls include but are not limited to preparing reconciliations between the amounts held on mobile money vs amounts on the general ledger, preparing and reviewing with the financial controller monthly balance sheet account reconciliations, verifying the reconciliation between physical Inventory and ERP inventory values and ensuring the Fixed asset register is accurate
Ensure to obtain a finance scorecard score of at least 90% each month
Post all Kenya and Germany transactions in the ERP by the 5th of every month recommending further courses of action
Process Kenya payments and work with the finance and supply chain teams to improve controls around the procure to pay process
Recognition of revenue generated from electricity sales and other sources in accordance with IFRS
Every month report on the Kenya electricity revenue assurance performance of the Kenya business i.e comparison between electricity paid for versus electricity delivered, circulate the report to the CFO, COO, Chief of utility operations and Financial Controller by the 10th of every month
Maintaining fixed assets register ensuring that assets are properly recognized and depreciation calculated appropriately
Ensure intercompany accounts between Kenya and the other entities reconcile on a monthly basis
Manage the Kenya Audit and ensure we obtain an unqualified opinion by the agreed due dates
Implement the Management letter recommendations as advised by the External Auditors

Tax & Regulatory Compliance

Prepare and Verify that tax filings VAT, PAYE, withholding taxes, NSSF and NHIF calculations, corporate income tax are accurate and are filed before the statutory due dates
Ensure tax compliance with the relevant regulators and become an expert in local tax law to ensure optimal planning
Serve as lead liaison with KRA
Ensure Kenya business is compliant with regulatory filings such as the corporate annual return and ensuring all investment through share capital is properly registered at the registrar of companies

Analysis and Process Improvement