Job Brief

Jafari Credit ltd, is looking for an agile and ambitious individual with strong execution capacity to join the team as a Senior Accountant.

Responsibilities

The role holder will be be responsible for financial reporting, financial operations, and compliance for Jafari Credit Limited. The specific responsibilities include:

Management of the loan book

• Oversee posting of loan transactions in the accounting software.
• Ensure the processing of loan disbursement requests for new loans;
• Manage the loan receivables process by ensuring adherence to the company’s credit policy-daily/weekly tracking and reporting of receivables and computation of IFRS 9 provisions; and
• Aid in the development of debt collection policies, manage debt collectors and other stakeholders in line with debt collection practices.

Budgeting and Forecasting

• Prepare annual budgets for Jafari Credit Limited; and
• Prepare forecasts for the company with accompanying analysis and commentary of the forecasts against budgets, strategy, and prior year.

Management accounting and reporting

• Completion of monthly finance close procedures and reporting of financial results;
• Preparation of monthly performance reports for the Company with accompanying analysis and commentary of the performance against budgets, strategy, and prior year;
• Preparation of monthly balance sheet reconciliations and the necessary journal entry adjustments;
• Analyzing complex financial data and actively recommending corrective actions as necessary; and
• Assist in the adhoc financial analysis and preparation of technical papers as and when requested.

Statutory reporting

• Preparation of statutory financial statements in accordance with IFRS and applicable local regulations;
• Preparation of company financial analysis and commentary for the Board; and
• Support the external auditors during the statutory audit and ensure timely completion of the statutory audit process.

Treasury Management

• Regular assessment of the company’s liquidity needs and ensure accounts are funded to meet obligations;
• Accurate and timely preparation of short- and medium-term cash flow forecasts including analysis of bank balances and preparation of the weekly and ad hoc cash position reports; and
• Liaising with bankers on the operation of the Company’s bank accounts.

Finance Operations

• Developing and implementing sound accounting policies & processes;
• Ensure procurement is done per the procurement policy;
• Regular   review   and   validation   of   the General Ledger, oversee receivables processing, payables processing, payroll processing, bank reconciliations and other finance operational procedures.
• Lead customization and integration efforts to make accounting and supporting systems fit for purpose in relation to the business needs.
• Monthly tax filing, including preparation of tax schedules for filing of taxes, ensuring timely tax payments and proper tax accounting.

Risk Management & Internal Audit

• Work closely with the Risk department and Business unit leaders in identifying key risks facing the business and update the risk register on an ongoing basis; and
• Internal Audit support including provision of information during audits and implementation of recommendations therefrom.

Education and Experience

• Bachelor’s degree in business administration, Commerce, Accounting, or a business-related field.
• CPA(K) or equivalent qualification is mandatory.
• A member of ICPAK, ACCA or similar association.
• Minimum of 5 years’ experience in financial services.
• In-depth understanding of International Financial Reporting Standards (IFRS) and tax regulations.
• Aptitude for numbers and quantitative skills.
• Advanced MS Excel skills with superior analytical skills.
• Hands-on experience with accounting software like SAP will be an added advantage.