Water Services Trust Fund Senior Accountant Job in Nairobi Kenya

Water Services Trust Fund Senior Accountant Job in Nairobi Kenya  

1. Position: Senior Accountant
Reporting to: Finance and Administration Manager
Location: Based in Nairobi with frequent travel to the field.
Purpose of the Position:
As the organization’s Senior Accountant, he/she will be responsible for the maintenance of all financial records and performing all accounting functions for the Water Services Trust Fund.
Duties and responsibilities will include but not limited to the following;

Preparation of periodic and annual financial reports and specific reports to development partners, the government and other stakeholders as per provisions contained in the Cooperative Agreements and International Public Sector Accounting Standards (IPSAS).

Review of proposals and program work plans in coordinating preparations of budgets by compiling the departmental budget inputs within the government budget cycle.

Verification and processing of all payments through the SAP system, classifying and summarizing financial transactions of the Fund ensuring that all transactions are recorded.

Verification and disbursement of funds to projects as per signed sub-agreements with CBOs and Water Service Providers and the Counties.

Continuous development and improvement of all supporting financial and management information systems for the Fund, SAP system, maintaining chart of accounts and code analysis.

Maintenance of the general ledger, reconciliations and analysis through the SAP system

Preparation of monthly bank reconciliation statements

Review of all bank online transactions inputs files and disbursements to projects before approval

Ensuring that the internal controls system are adhered to in safeguarding financial assets of the Fund and ensure recorded systems are maintained in accordance with Generally Accepted Accounting Standards (GAAP)

Follow up on Fund Accountability Reports (FAS) from the projects and maintenance of projects receivables aging analysis on a monthly basis.

Preparing for both institutional audits and projects audits as designed in the funding agreements/MOUs and responding to the audit findings.

Preparation of payroll on a monthly basis ensuring that statutory deductions are remitted on time

Ensuring proper filling system is maintained for all financial records ensuring that there is easily accessible supporting documentation for all the transactions.

Provide supervisory role and support to other staff in the department. Qualifications / Key Competencies

Bachelor’s degree in finance, accounting or related field, with full Professional CPA(K) or ACCA qualifications;

A registered member with ICPAK in good standing.

Strong working knowledge of computer programs; MS-Word, Excel, PowerPoint and ERP systems preferably SAP system.

7 years relevant working experience; Skills and Experience:

Experience managing donor funds and grants from the Government of Kenya (GoK)

Strong communication skill

Strong analytical skills and problem solving skills,

Strong attention to detail, integrity, responsiveness and decisiveness.

Good planning and organizational skills

Ability to maintain effective working relationships with all levels of staff and the public 2. Position: Programme Manager – Result Based Aid (Commercial Financing)
Reporting To: The Chief Executive Officer
Location: Nairobi
Purpose:
Programme Manager (project finance) will be in charge of the day to day operations of the Result Based Aid that will finance projects to provide water and sanitation services to low income urban areas.
The Fund will provide partial subsidies to the projects after these areas get access to the agreed services.
Duties and Responsibilities

Assist WSTF in the establishment of the Result Based Aid facility

Manage the day to day operations of the Result Based Aid according to the Operations Manuals and WSTF policies and systems

Harmonize the operations manuals of Output Based Aid and Aid on delivery

Assist WSTF in procuring, contracting and managing the Independent Verification

Agent and ensure the output verification process follows the guidelines in the

Grant Agreements and the Operations Manuals.

Highlight the award criteria for Result Based Aid

Create a reporting template for quarterly project status reports and annual financial reports.

Oversee reporting and audit processes of the Result Based Aid

Manage the GPOBA subsidy

Support WSPs in subproject identification and preparation to make sure projects are eligible for the subsidy and assist in establishing output targets.

Support WSPs to identify their Technical Assistance needs

Support subproject oversight, including procurement of consultant and goods and works contracts to ensure compliance with procurement guidelines.

Review subproject implementation support and subsidy applications.

Track development indicators, objectives and outcomes.

Perform the fiduciary responsibilities of WSTF under the grant, including budgeting, payments and financing requests.

Monitor the compliance of WSPs with the project operating guidelines and environmental and social policies.

Coordinate and Collaborate with the commercial banks teams to ensure the obligation of the Grant is properly understood.

Coordinate with other Consultants at WSTF supporting commercial financing

If required, assist commercial banks’ teams in the understanding profitability and current challenges in the sector.

Follow up with commercial bank partners and WSP management to get updates on progress of subproject loans and provide assistance to banks where necessary.

Occasionally take field visits during construction phase and to accompany the

Independent Verification Agent in its output verification visits.

If required, contribute to the creation of a bank water financing tool kit.

Identify mechanism on how the Result Based Aid facility processes can be integrated and harmonized with WSTF operations (e.g. harmonisation of audits, reporting timelines)

Support and contribute to the stakeholders’ sensitization on the programme.

Finalize the operations manuals and

Document lessons learnt from the programme Qualifications and Experience

Masters Degree in a relevant field (finance, development etc).

Holder of CPA(K) and member of a professional body (ICPAK)

At least 7 years of managerial and general experience in relevant fields, 5 years in bank/finance, SME lending preferred.

Experience in projects financed through international development institutions.

Experience in the water and sanitation sector, particularly working with Water Services Providers.

Experience in an International Consultancy Firm is an added advantage

Strong analytical skills

Fluency in English and strong skills in written communications.

Must be computer literate

An attractive remuneration package commensurate with above qualification and experience requirement will be offered to the successful applicant. How to Apply
Applicants who meet the specified requirements should send / drop their application letters clearly mark the Position you are applying on the envelope with their detailed CVs, copies of academic and professional certificates and other testimonials together with day-time telephone contact, email address and contacts of three referees, current and expected remuneration to:
Chief Executive Officer,
Water Services Trust Fund,
Upper Hill, Mara Road, CIC Plaza, 1st Floor,
P O Box 49699 - 00100,
Nairobi.
Email: ceo@wstf.go.ke
To be received not later than 5.00pm on 10th October 2014
Water Services Trust Fund is an equal opportunity employer and Persons with disabilities are encouraged to apply.
Only shortlisted candidates will be contacted.