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Senior Accountant at Water Services Trust Fund (WSTF)

Water Services Trust Fund (WSTF) is the Kenyan State Corporation established under the Water Act, 2002 and mandated to finance water and sanitation services for the poor and underserved communities in rural and urban areas. In the Water Act, 2016, the mandate of the Fund is expanded to include provision of conditional and unconditional grants to the Counties, and to assist in financing the development of and management of water services in the marginalised and underserved areas, including: Community level initiatives for the sustainable management of water resources Development of water services in rural areas considered not to be commercially viable for provision of water services by licensees Development of water services in the under-served poor urban areas.

Job Purpose

Responsible for implementation of sound accounting and financial management systems in line with Public Finance Management Act and International Public Sector Accounting Standards.

Reporting Relationship: This role reports to the Manager Finance and Accounts

Supervises: Accountants

The duties and responsibilities entail:

  • Post approved a budget to specific accounts in the ERP financial system and develop budget utilization reports;
  • Process online approval of LPO in the ERP financial system for budget allocation;
  • Preparation of the budget, control, and periodic financial reporting;
  • Design and Implement an efficient and effective monitoring tool to maintain action plans in line with budgets and forecasts;
  • Monitor budget utilization to ensure efficient utilization of allocated funds and alert management of any risk exposures;
  • Examine monthly expenditure controls and commitments to identify possible budget deficits and alert management to allocate additional funds or control expenditure;
  • Review of financial procedures and policies in line with the regulations while ensuring compliance with internal controls;
  • Analyse, reconcile, and maintain the general ledger accounts, while establishing any un reconciling items;
  • Prepare monthly journal entries and adjustments, including supporting documentation and appropriate descriptions;
  • Prepare and analyse income statement and balance sheet schedules for annual audit;
  • Coordinate external and internal Audits and ensure its effective implementation of recommendation;
  • Preparation and submission of financial, accounting and management reports on weekly, monthly, quarterly, and annually for decision making
  • Coordinate monthly cash book and bank reconciliations;
  • Preparation and management of weekly, monthly, and annual Cash flows forecasting and reporting;
  • Updating the Asset movement Register in the ERP;
  • Revenue collection, reconciliation and reporting
  • (xvii) Assisting in setting targets and appraising staff in the department.

Person Specification

For appointment to this grade, a candidate must have:

  • Bachelor’s degree in Commerce, Business Administration, or related field;
  • Certified Public Accountant of Kenya (CPAK);
  • At least six years (6) work experience, four (4) of which must be in a supervisory position in the public or private sector;
  • A member in good standing of the Institute of Certified Public Accountants of Kenya (ICPAK);
  • Management course lasting not less four (4) weeks from a recognized institution;
  • Proficiency in Computer applications;
  • Demonstrated results in work performance; and
  • Meet the requirements of Chapter Six (6) of the Constitution.

Key Competencies and Skills

  • Communication;
  • Working and supervising people;
  • Applying technical expertise;
  • Customer and stakeholder orientation;
  • Drive for results:
  • Continuous learning and knowledge sharing; and
  • Proficiency in IT

Terms and Conditions of Service:

The position of Director Standards, Licensing & Advocacy will be on Five (5) year contract renewable once on satisfactory performance, while all the other positions will be on pensionable terms of service.

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