Financial Management Specialist - Nairobi - Emerge Egress Consulting

Job title: Accounts Officer

Description

Job Summary:
Emerge Egress Consulting is a leading HR Management & Training Consulting Firm established in 2017 based in Nairobi. We provide comprehensive recruitment, business strategy, and training programs for various sectors. Our mission is to meet the diverse needs of our clients across different industries.

Role Objective:
Our client, an Engineering firm, is seeking an experienced Accounts Officer. The ideal candidate will contribute to the financial activities, ensuring accurate financial recording, computation, and reporting.

Key Responsibilities:

• Prepare and analyze financial statements specific to construction projects and the organization, including balance sheets, income statements, and cash flow statements.
• Ensure accuracy and compliance with regulatory standards.
• Implement and maintain cost accounting systems to accurately track project costs, including materials, labor, and overhead expenses.
• Preparation of project budgets and forecasts, collaborating with project managers and stakeholders, and monitoring budget performance.
• Track and analyze monthly expenses against the budget.
• Support tax compliance activities, including preparing tax returns and ensuring timely tax payment for relevant departments.
• General accounting and ledger maintenance: Review financial transactions and ensure accuracy and completeness of ledger entries.
• Oversee inventory management for the organization.
• Ensure timely preparation of monthly balance sheet and other financial reports.
• Resolve discrepancies arising from reconciliations accurately and promptly.
• Identify cost-saving opportunities and recommend action to improve financial efficiency.
• Monitor cost trends and variances and provide detailed reports to management.
• Perform bank and cash reconciliation.
• Ensure all controlled accounts are reconciled on a monthly basis to avoid any errors.
• Manage project accounting activities, including revenue recognition, billing, and contract management.
• Conduct financial analysis to evaluate project profitability, cash flow projections, and return on investment.
• Maintain compliance with regulatory requirements and industry standards, relevant tax regulations.
• Identify and mitigate financial risks associated with construction projects, implementing controls and procedures as necessary.