Job Summary Reporting to the Accountant, the Reconciliation Accountant; Ensures financial balance sheet accounts and bank reconciliations are accurate, ensures deductions are legally and statutorily correct and reports on controls and processes; and, Identifies and describes areas where problems and inefficiencies are systemic.
- Minimum Qualification :Bachelors
- Experience Level :Mid level
- Experience Length :3 years
Job Description
● Contributes to the Accounts and Finance Department efforts to produce consistently accurate data, timely information and reports by: gathering and analyzing data to ensure financial statements, bank reconciliations, benefits deductions and other accounting-related activities are statutorily and legally appropriate and within the guidelines of Generally Accepted Accounting Principles (GAAP);
● preparing a variety of reconciliation and accounting reports using computer accounting systems; researching accounting discrepancies, determining most appropriate methods to correct discrepancies and preparing corrections;
● Preparing and distributing correspondence to other sections of the Financial Services Department, the Human Resources Department, employees, or outside agencies such as the NHIF, NSSF, KRA and financial institutions to resolve discrepancies identified in the
reconciliation process.
● identifying and describing areas where problems and inefficiencies are systemic; identifying situations and activities which indicate department performance deficiencies; and, providing advice and recommendations on methods and approaches to correct inefficiencies and implement improvements to financial systems, controls and processes.
● Prepares and initiates journal entries, payroll entries, cheque requisitions and other entries, ensuring payment-related deadlines are met to avoid penalties and interest costs.
● Prepares schedules and reconciliations necessary to assist in preparing the audited financial statements, quarterly financial reports, donor grant reports and schedules as required.
● Preparing Reporting and operating cash flow reports.
● Provides advice and support to departments engaged in general accounting activities.