Accounts Payables & Financial Reporting Officer Job in Kenya

Accounts Payables &
Financial Reporting Officer

Job Purpose

The role is responsible for ensuring all short-term
liabilities are properly recorded and paid, compliant with IFRS & tax
legislation and internal guidelines.

It serves as a key function for cost management and budget
management and oversight, vendor support, and is the custodian of the
bank’s asset register.

Key Responsibilities

Process invoices and payment requests within set TAT/SLA

Ensure accurate posting of invoices and correct tax

Perform day-to-day financial transactions, including
classifying, and recording accounts payable and fixed asset data;

Allocation of costs to correct cost centers to facilitate
proportionate distribution of costs to reflect each unit’s cost share.

Determine whether treatment for Withholding tax and reverse
VAT is correct and in line with Double Tax Treaties (DTT) where
applicable; confirm the accuracy of computation of gross-up and reverse
taxes where applicable;

Investigates and resolves problems associated with the
processing of invoices and purchase orders on the P2P system;

Verify and investigate discrepancies, if any, by reconciling
monthly vendor statements.

Receives, researches, and resolves a variety of routine
internal and external inquiries concerning account/payment status,
including communicating the resolution of discrepancies to appropriate

 Advocate for usage of DTTs and tax-beneficial
structures to save the Bank and Group costs.

Reconcile the accounts payable ledger to ensure that all
accruals for month-end reporting for potential billable expenses are
accounted for and properly posted. Provisioning and reconciliation of
monthly accruals schedules to reflect all outstanding liabilities.

Process recharge invoices and inter-company payments for
subsidiaries and recover amounts to be reimbursed as and when they fall

Update debtor’s schedules to reflect their most current
outstanding position.

Retrieve necessary documentation to provide support/proof of
expenditure to facilitate payments.

Amortize prepayments through SI’s and bulk uploads and
prepare a listing of outstanding assets. 

Systematically retrieve all tax schedules and undertake
end-to-end preparation of all monthly tax obligations. 

Submit all relevant tax obligations and generate PRNs.
Pay all amounts as per approved PRNs.
Participate in timely retrieval and availing of financial
records to both internal and external audit teams to ensure they
accurately and properly meet their assigned responsibilities.

Assist in the preparation of daily reports such as the GL,
Liquidity, SOC, etc. for use by GED and Senior Management.

Engage audit teams in providing required clarification to
enhance understanding and interpretation of procedures, guidelines, and
policies underpinning various undertakings.

Implementation of audit findings to improve processes and
close possible gaps.

Prepare Board Procurement Committee paper and any other
ad-hoc reports for management review.

Book all acquired assets appropriately in the GL and Asset

 Capitalize various project costs upon approval in
accordance with IFRS requirements.

Ensure depreciation of all assets as per policy and
reconciliation of any variances with the general ledger.

Write off approved disposed/donated assets from the asset
register and pass relevant entries.

Perform asset verification exercises every quarter.
Update the asset register with relevant asset tags (after
tagging newly acquired assets) information as well as additional assets on
a month-to-month basis.

Support reporting teams with information regarding the asset

Prepare monthly and quarterly movement fixed asset movement


Bachelors Degree & CPA
/ACCA. Professional qualification is sufficient and a bachelor’s degree is not
necessarily required.

At least a year of
relevant experience.


Proficient with excel based work and formula-based

Versed with key accounting and tax policy and legislation
Good analytical skills and attention to detail
Sound accounting/finance knowledge
Good communication and interpersonal skills
Good planning and organization skills

How To Apply

Click Here To

Apply before or on 22nd December 2023.

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