Senior Accountant

Job Summary

The Senior Accountant is responsible for ensuring the accuracy, completeness, and integrity of financial records within the General Ledger for the M-PESA Finance function. The role supports financial reporting, reconciliations, tax compliance, vendor payments, and month-end and year-end close processes while ensuring adherence to accounting policies, regulatory requirements, and internal controls.

Key Responsibilities

1. General Ledger Management & Financial Reporting

• Ensure all subsidiary ledger transactions are accurately updated to the General Ledger daily.
• Reconcile subsidiary ledger balances to general ledger control accounts on a monthly basis and resolve discrepancies.
• Maintain correct accounting periods and ensure timely opening and closing of books.
• Process and minimize manual journal entries, ensuring proper documentation and support.
• Extract monthly financial statements (Trial Balance, Profit & Loss, Balance Sheet) in line with reporting standards.
• Prepare cost center reports for Hyperion reporting within required deadlines.

2. Reconciliations & Financial Controls

• Perform monthly reconciliations for payroll, overheads, and network OPEX accounts.
• Ensure accurate reconciliation of vendor accounts, especially those above ETB 500,000.
• Reconcile all M-PESA vendor payments on a timely basis.
• Ensure proper coding of cost centers during requisition and financial processing.
• Conduct variance analysis and explain unusual financial movements.

3. Accounts Payable & Vendor Management

• Perform weekly invoice validation and ensure timely resolution of supplier issues.
• Maintain zero manual invoice postings by ensuring process accuracy and automation.
• Prepare Accounts Payable reports including aging analysis, payment forecasts, and exception reports.
• Maintain effective supplier communication and resolve payment issues promptly.

4. Cash Flow, Treasury & Payments

• Support accurate cash flow forecasting related to vendor payments and M-PESA transactions.
• Ensure timely funding of internal tills in line with approved budgets.
• Monitor supplier till balances and initiate replenishments as required.

5. Tax Compliance

• Ensure timely and accurate M-PESA VAT and withholding tax (WHT) declarations.
• Reconcile tax accounts monthly and ensure statutory compliance within deadlines.

6. Month-End & Year-End Close

• Support month-end and year-end closing activities related to payables and general ledger.
• Ensure completion of all P&L and balance sheet schedules within required timelines.
• Ensure accurate trial balance management supported by proper sub-ledgers.

7. Stakeholder Engagement & Reporting

• Work closely with internal and external auditors and provide required documentation.
• Ensure timely financial reporting in line with company and regulatory requirements.
• Communicate effectively with internal teams to resolve financial issues.

Educational Qualification

• Qualified Accountant (CPA K, ACCA, CIMA, or ACA).
• Bachelor’s Degree (Honors) from a recognized university.

Experience Requirements

• 2–3 years of accounting experience in an international company or audit firm.
• Minimum of 2 years in a supervisory role.

Business Competencies

• Strong communication and relationship-building skills.
• Ability to influence and collaborate effectively across teams.
• Strong analytical and problem-solving abilities.
• High attention to detail and operational excellence mindset.
• Ability to work in a fast-paced, dynamic environment.

Functional Competencies

• Strong knowledge of accounting principles, reporting, and financial systems.
• Experience in planning, budgeting, and financial control.
• Understanding of tax, treasury, and compliance processes.
• Ability to analyze financial performance and provide insights.

Key Performance Indicators

• Completion of P&L schedules by the 2nd working day with analysis.
• Completion of balance sheet schedules by the 3rd working day.
• Zero errors in sub-ledger and general ledger reconciliation.
• Accurate daily stock ledger movement reporting.
• Compliance with audit and reporting requirements.

Skills Required:

• Accounting / Finance