Cash and Bank Accountant at Hotpoint Appliances Ltd

Job Description Hotpoint Appliances Ltd was established in . Its first store was located in the Sarit Centre shopping mall in Nairobi. In late s Hotpoint was awarded the Sole Distributorship Agency for LG Electronics. Later on, it went on to acquire agencies for other global brands including Ariston, Westpoint and Kenwood. The company quickly expanded its operations throughout Kenya, and by is was on the the region’s largest retailers and wholesalers of consumer electronics and entertainment products. Founded on the philosophy of Customer Value and Service. The company’s success is dependent on building and maintaining customer loyalty. Through strong supplier partnerships, we expect to provide customers with quality products featuring the latest technology, while offering unparalleled after-sales service. Our Vision To enhance the lifestyle of our Eastern African Customers Our Mission To supply and support domestic and commercial electronic appliances Our Core Values Integrity and Excellence We absolutely believe in doing the right thing: for our customers, our people and all stakeholders. Teamwork, Empowerment and Growth We develop ourselves as people, and we work collaboratively between individuals, departments, locations and levels.Job Purpose The role is responsible for maintaining proper, accurate, and complete cash and bank records.The role entails assisting the Treasury Accountant in overseeing the accounting and finance operations for cash/bank, other receivables, and Tax. The role requires close collaboration with supply chain, inventories, sales, and marketing, credit control, tax consultants and bank relationship management teams Job Responsibility and Accountability Daily bank reconciliation for both local and foreign currenciesMonthly reconciliation of petty cash and Bank Account.Posting of the LCs as they mature as per the LC schedule.Reconciliation and posting of cashier summaries account.Payment & filing of both Withholding Tax & Withholding Vat.Posting of staff loans and advances.Matching of supplier payments.Update of the asset master with any new assets and other asset movements.Processing of showroom customer refunds including those exempt from VAT.Tracking and reporting all due invoicesResponding to Audit related queries concerning payments and cash/bank activities.Resolving operational queries with banks.Preparing inter-bank transfers.Selecting suppliers for payments and handling supplier correspondencesAssist the Treasury Accountant to proactively partner with and advise non-finance teams on cash and bank activities, controls, and compliance matters.Assist the Treasury Accountant in working closely with Bank Relationship managers to apply for bank guarantees and other transactions.Assist the Treasury Accountant in working closely with IT and user departments on systems, ERP implementation, and optimization.Assist the Treasury Accountant in conducting the finance for finance teams’ training as part of an upskilling program.Go for structured trade visits, attend relevant commercial events, and engage key stakeholders to gain a better commercial understanding of the business.Assist the Treasury Accountant in conducting process reviews and walk-throughs to ensure they are efficient, effective, and adhered to.Process improvement – Assist the Treasury Accountant in coming up with faster, easier, and better ways of executing the cash and bank activities.Assist the Treasury Accountant in preparing analysis for cash and bank activities.Assist the Treasury Accountant in maintaining a database of cash and bank activities’ records and reportsAssist the Treasury Accountant in preparing budgets and forecastsAssist the Treasury Accountant in working with all relevant stakeholders to drive cash and bank activities’ cost optimization initiatives.Work cross-functionally to implement and improve cash and bank activities’ data, systems and reports.Participate in various committees or task forces geared to business performance improvement.Carry out ad hoc assignments as assigned from time to time by the Treasury Accountant, Financial Accountant, CFO and / or the MD. RequirementsQualification and Experience Bachelor’s degree in finance, accounting, economics or Business-related degree from an accredited University.At least CPA II qualification.Minimum 3 years’ progressive financial reporting, planning and analysis experience.Must have served at least 1 year in a supervisory position, preferably in the retail business. Key Skills: High attention to detail, excellent analytical and presentation skills.High level of integrity and confidentiality.Ability to build collaborative relationships across the organization.A strong team player with demonstrated experience in working with teams.Competent in a spreadsheet application such as excel.