Skills Assessment
New
2 weeks ago

Job Summary

The job holder will be fully in charge of the Society’s Accounts Receivable function.

  • Minimum Qualification:Bachelor
  • Experience Level:Mid level
  • Experience Length:3 years

Job Description/Requirements

Reporting to: Finance Manager
Department: Finance

Safaricom Investment Co-operative (SIC) an investment cooperative that pursues joint investment for its members, through real estate investments, Marketable security, and Private Equity. The society seeks to transform the economic and social wellbeing of our investors through prudent, sustainable and investment decisions anchored on 3 pillars; Financial growth and Sustainability, Increased member mobilization, and improved internal processes and strengthening institutional capacity. We seek to fill the position of ICT Intern

Purpose                                                                                                                     
The job holder will be fully in charge of the Society’s Accounts Receivable function.

KPIs                                                                                                                              
•    Timely bank reconciliation
•    Timely invoicing
•    Timely Receipting
•    Prompt Customer Complaint resolution
•    Efficient Stock Maintenance
•    Prompt Reporting

Duties and Responsibilities                                                                                      

a)    Stock Management

•    Ensuring that stock for re-sale is received in the system in a timely and accurate matter.
•    Ensuring all costs are accurately captured when receiving stock.
•    Ensuring accuracy of the cost of sale in the system
•    Ensuring that available stock in the system and on the ground matches at all times.
•    Ensuring that the stock listing and trial balance GL matches at all times.
•    Carrying out regular reconciliations as need be.

b)    Invoicing
•      Implementing deadlines for invoicing.
•      Ensuring proper and effective filling of all Offer Letters.
•      Monitoring the invoicing and money collection processes.
•      Keeping records of invoices, deposits, and all correspondence regarding payment collection.
•      Ensuring that booking and accounts Google Sheets are created promptly and updated accordingly.

c)    Reporting
•    Ensuring that the MIB report is accurate and up-to- date at all times and that it is submitted to the HR by 15th of every month without fail.
•    Monthly reporting - Analysis of debt verses revenue for each project.
•    Preparing monthly feedback reports on payment collections for management consumption.
•    New Bookings Analysis and other monthly management reports as may be required.

d)    Other duties
•    In-charge of real time customers’ accounts update daily & monthly reconciliations for all Bank accounts.
•    Ensure customer’s statements are up-to-date and they are promptly shared on request.
•    Compile and audit staff commission and ensuring the Dashboard / MIB report reflects the true collection per salesperson.
•    Work with other stakeholders to implement an MIB dashboard on screens in all offices.
•    Record and maintain the records in regard to third-party commissions.
•    Create customer accounts, annuity set-up and invoicing in the Accounting Management System.
•    Ensure accurate customer information and balances in the Accounting Management System.
•    Ensure customer data is well updated by coordinating with the sales team; this includes availing correct customer statement to the client and sales team.
•    Ensure open day customer bookings and payment made by customers reconcile.
•    Sale of 2 plots per month
•    Training and mentoring of staff members in the function.
•    Any other duties as may be assigned by the Head of Department.

Qualifications                                                                                                        
•    Bachelor’s degree in commerce (Accounting/Finance option), Business Management (Accounting/Finance option), Economics or equivalent qualification from a recognized institution.
•    Qualified Accountant (CPA K), ACCA or Equivalent.
•    Be a member of a professional body.

Knowledge and Skills                                                                                                        
•    At least 3 years of financial experience
•    Demonstrated professional competence and administrative capability
•    Strong Financial and Accounting knowledge
•    Financial analysis and reporting experience
•    Good knowledge of accounting software
•    Strong analytical skills and attention to detail

Application
If you meet the above requirements, please apply via "Apply Now Button".

At SIC, we embrace and thrive in diversity for the benefit of our employees, our investors, and our community. SIC is proud to be an equal opportunity employer and does not discriminate on the basis of race, color, religion, gender (including pregnancy and gender identity or expression), national origin, political affiliation, sexual orientation, marital status, disability, age, membership in an employee organization, parental status or any other non-merit factor. We prohibit discrimination and harassment of any kind.

Important Safety Tips

  • Do not make any payment without confirming with the BrighterMonday Customer Support Team.
  • If you think this advert is not genuine, please report it via the Report Job link below.
Report Job

Get Insured through mTek Services

You can explore medical and personal accident insurance covers conveniently. Compare pricing from various insurance companies, save, and budget

Get Insured

Share Job Post

Stay Updated

Join our newsletter and get the latest job listings and career insights delivered straight to your inbox.

We care about the protection of your data. Read our privacy policy.

Lorem ipsum

Lorem ipsum dolor (Location) Lorem ipsum KSh Confidential

Job Function : Lorem ipsum

5 months ago

Lorem ipsum

Lorem ipsum dolor (Location) Lorem ipsum KSh Confidential

Job Function : Lorem ipsum

5 months ago

Lorem ipsum

Lorem ipsum dolor (Location) Lorem ipsum KSh Confidential

Job Function : Lorem ipsum

5 months ago

Stay Updated

Join our newsletter and get the latest job listings and career insights delivered straight to your inbox.

We care about the protection of your data. Read our privacy policy.

This action will pause all job alerts. Are you sure?

Cancel Proceed
Follow us On:
Follow us on FacebookFollow us on InstagramFollow us on LinkedInFollow us on TwitterFollow us on YouTube
Get it on Google Play
2023 BrighterMonday