Purpose for the Job

• To provide accurate, timely, and compliant fund accounting services through the maintenance of scheme financial records, preparation of management and statutory reports, and support of audits, ensuring full compliance with regulatory requirements and client expectations.

Duties and Responsiblities
Financial Accounting and Reporting

• Maintain complete and accurate accounting records for assigned schemes.
• Prepare monthly bank reconciliations and resolve outstanding items promptly.
• Process and record all scheme accounting transactions, including contributions, benefit payments, and investment income.
• Prepare quarterly management accounts for submission to the Board of Trustees.
• Prepare annual scheme financial statements in line with International Financial Reporting Standards (IFRS).
• File statutory returns with the Retirement Benefits Authority (RBA) and Kenya Revenue Authority (KRA).

Tax and Statutory Compliance

• Compute and remit Retirement Benefits Authority (RBA) levies and all applicable income taxes.
• Ensure adherence to statutory reporting timelines and requirements.
• Support compliance with the Retirement Benefits Act, Income Tax Act, and other applicable legislation.

Audit and Internal Controls

• Coordinate external audits of scheme financial records, ensuring timely availability of information.
• Provide support during statutory and regulatory reviews.
• Adhere to internal controls, Standard Operating Procedures (SOPs), and Service Level Agreements (SLAs).

Stakeholder Engagement

• Provide accurate, clear, and timely financial information to Trustees, Regulators, and other stakeholders
• Maintain confidentiality and integrity in all financial reporting and interactions.
• Support client and member queries related to fund accounting matters.

Key Result Areas

• Financial Reporting: Timely and accurate preparation of financial reports and statements.
•  Compliance: Full adherence to statutory, regulatory, and audit requirements.
• Controls: Effective implementation of internal controls and SOPs.
• Stakeholder Support: Accurate and professional delivery of financial information.

Key Competencies

• Strong communication and interpersonal skills.
• High attention to detail and accuracy.

Knowledge And Skills Required

• Proficiency in Microsoft Office and financial accounting systems.
• Good understanding of investments in financial assets.
• Knowledge of the Retirement Benefits Act, Income Tax Act, and related financial regulations.
• Strong analytical, problem-solving, and report writing skills.
• Minimum of 1–2 years’ experience in fund accounting, auditing, or related financial services.

Professional and Academic Qualifications

• Bachelor’s degree in Finance, Accounting, Economics, or a business-related field.
• Certified Public Accountant (CPA Part II) or ACCA (Level II)