Job Description
COST ACCOUNTANT - JOB GRADE ICTA 6- (1 Position)
Job Purpose
Responsible for implementation of sound accounting and financial management
systems in line with Public Finance Management Act and International Public Sector
Accounting Standards
a) Job Description
The duties and responsibilities entail:
i. Target costing of the project, prepare margin analysis and trace costs back to
activities
ii. Develop cost accounting framework that facilitate reporting of contribution
margins;
iii. Preparation of the budget, control and periodic financial reporting;
iv. Monitor budget utilization to ensure efficient utilization of allocated funds and
alert management of any risks exposure;
v. Examine monthly expenditure controls and commitments to identify possible
budget deficits and alert management to allocate additional funds or control
expenditure;
vi. Review of financial procedures and policies in line with the regulations while
ensuring compliance with internal controls;
vii. Analyze, reconcile and maintain the general ledger accounts, while establishing
any un reconciling items;
viii. Prepare monthly journal entries and adjustments, including supporting
document documentation and appropriate descriptions;
ix. Prepare and analyze income statement and balance sheet schedules for annual
audit;
x. Coordinate external and internal audits and ensure its effective
implementation of recommendation;
xi. Preparation and submission of financial, accounting and management reports
on weekly, monthly, quarterly and annually for decision making
xii. Coordinate monthly cash books and bank reconciliations;
xiii. Preparation and management of weekly, monthly and annual cash flows
forecasting and reporting;
xiv. Revenue collection, reconciliation and reporting
b) Job specification
i. For appointment to this grade, a candidate must have:
ii. Bachelor’s degree in Commerce, Accounting, Economics or Business
Administration, or related field
iii. Certified Public Accountant of Kenya (CPAK)
iv. At least three (3) years’ work experience, in a Private or Public Sector;
v. A member in good standing of the Institute of Certified Public Accountants of
Kenya (ICPAK)
vi. Proficiency in computer applications;
vii. Demonstrated results in work performance; and
viii. Meet the requirements of Chapter Six (6) of the Constitution
c) Competencies and Skills
i. Negotiation and communication skills
ii. Management skills
iii. Analytical skills
iv. Knowledge of accounting packages
v. Attention to details
vi. Problem solving skills