Job Description
Reports To: Finance and Administration Manager,
Location: Keria Market “Meru County”
The Option One Distributors (East Africa) Limited is seeking to hire an accountant to be based in Meru County.
Key Responsibilities:
• Maintain accurate and up-to-date financial records, including income statements, balance sheets, and cash flow statements;
• Record and classify financial transactions, including sales, purchases, expenses, and inventory movements;
• Prepare budgets and financial forecasts to help the company plan for future expenses, sales, and profits;
• Analyze budget-to-actual variances and provide recommendations for cost control and revenue optimization;
• Monitor and manage inventory levels to ensure adequate stock while minimizing carrying costs.
• Track and control operating expenses, seeking ways to reduce costs and improve profitability;
• Evaluate supplier pricing, terms, and credit agreements to optimize purchasing decisions;
• Generate financial reports and statements for management and stakeholders to assess the company’s financial health;
• Prepare financial reports for tax purposes and ensure compliance with accounting standards and regulations;
• Calculate and file various tax returns, including VAT, income tax and withholding tax;
• Keep abreast of tax regulations and changes that may impact the business;
• Assist with internal or external audits by providing financial documentation and explanations as required;
• Analyze financial data to identify trends, variances, and opportunities for improvement;
• Provide insights and recommendations to management for strategic decision-making;
• Monitor cash flow, ensuring there is enough liquidity to cover operating expenses and investments;
• Manage receivables and payables to optimize cash flow;
• Utilize accounting software and financial management systems to streamline processes and improve accuracy;
• Stay updated on technological advancements in accounting tools;
• Ensure ethical and responsible financial practices, including safeguarding financial data and preventing fraud;
• Maintain compliance with all relevant financial laws and regulations; and
• Collaborate with management to develop financial strategies and long-term plans to achieve business goals.
Key Requirements
• A Bachelor’s Degree in either Accounting/ Finance/Economics will be an added advantage;
• CPA III Qualification or its equivalent.
• At least 3 years of work experience in an accounting role within a busy work environment
• Advanced Excel knowledge is MANDATORY