Kenya Red Cross Society (KRCS) is a humanitarian relief organisation created by the Act of Parliament, Cap 256 of the Laws of Kenya of 21st December 1965.
Its vision is to be the most effective, most trusted and self sustaining humanitarian organisation in Kenya.
KRCS has been appointed the Principal Recipient (PR) for Global Fund (GF) Round 10 HIV Grant. It is in this respect that the Society has set up the Global Fund Programme Management Unit (GF PMU).
The unit is looking for qualified persons to fill the following position:
Position Title: Grants Accountants
3 Positions
Reporting to: Grants Manager
Job Location: KRCS Headquarters
Overall Purpose
- Reporting to the Grants Manager, the Grants Accountant will be responsible for effective planning, budgeting, implementing and evaluating accounting operations including management of the GF funds and monitoring the income against budget to ensure that all income variances are identified and investigated in a timely way and management of creditors.
- S/He will manage bank reconciliations, updating and producing cash flow forecasts, according to income received and expenditure committed and reporting the monthly cash flow position, maintaining an updated billing system, handling credit balances as well as creating a cost-effective recovery system.
- Contribute to the development, implementation and evaluation of the annual budgets and plans aimed at operationalising programmes and projects activities
- Contribute to the review and update of accounting policies and procedures through direct analysis of new and existing financial accounting systems and procedures to increase efficiency and to ensure compliance with standard accounting principles and procedures, regulations and statutory requirements
- Coordinate receipts and disbursement, banking, protection and custody of funds, securities and financial instruments to ensure that the income recorded on the ledger is accurate and robust as well as follow up on unbilled income
- Advise management on reallocation of undisbursed funds to maximize on interest in line with policy directives
- Monitor the GF Programme income against budget and ensure that all income variances are identified and investigated in a timely way
- Monitor bank balances on a daily and periodic basis in order to produce cash flow forecasts according to income received and expenditure committed, also recommend appropriate action in the event of cash flow variances
- Ensure that the cash flow forecasts are compiled according to current best practice and are produced on a one year rolling basis.
- Liaise with auditors and ensure all requested information is supplied in a timely manner and that all relevant audit recommendations are implemented
- Manage banking relationships and highlight any issues to the Grants Manager.
- Contribute to multidisciplinary work teams to develop, implement and evaluate strategic management plans and budgets in order to improve performance standards and organisational effectiveness
- Provide various financial reports on an ad-hoc basis by extracting, compiling, analyzing, and formatting financial data; also provide assistance in interpreting report parameters, results, and data to line management, programme officers, project managers and other management personnel
- Bachelor’s Degree in Accounting and finance plus CPA (K) or equivalent qualifications
- Over three (3) years experience in accounting including skills in computerized accounting systems.
- Considerable knowledge and ability to perform professional accounting work in accordance with the international “Generally Accepted Accounting and Auditing Principles” (GAAP), procedures, standards and controls, including financial forecasting and monitoring of budgets as well as donor accounting procedures
- Ability to identify and resolve problems in a timely manner, gather and analyse information skilfully, develop alternative solutions, work well in group problem solving situations and use reason even when dealing with emotional topics
- Considerable knowledge of management information and financial management systems, proficiency in database systems, spreadsheet and flow chart applications, computerized accounting, budgeting and human resources systems
- Ability and willingness to make consultative decisions, exhibit sound and accurate judgment, support and explain reasoning for decisions, include appropriate people in decision-making process and makes timely decisions
All applications should be sent to:
The Secretary General
Kenya Red Cross Society
P. O. Box 40712-00100
Nairobi
So as to reach him not later than Friday, 23rd September 2011.
