Principal Accountant (1 Post) at The Rural Electrification and Renewable Energy Corporation

Job Description

Rural Electrification and Renewable Energy Corporation (REREC) Following the enactment of the Energy Act , Rural Electrification Authority (REA) has now changed to Rural Electrification and Renewable Energy Corporation (REREC). REREC has an expanded mandate of spearheading Kenya’s green energy drive, in addition to implementing rural electrification projects.

Job Specification

Monitoring expenditures based on approved budgets; Ensuring safe custody of Corporation’s financial records and assets; Overseeing the accounting of special funds including donor and project funds; Managing Corporation cash flows; Ensuring security of cheques and cheque books and other accountable documents; Maintaining up-to-date books of accounts; Overseeing submission of statutory deductions; Coordinating the preparation of responses to audit queries and PIC inquiries; Preparation of quarterly and annual financial statements and reports for the Corporation; Ensuring timely preparation, review and Approval of bank reconciliation statements Interpreting regulations of the Corporation pertaining to financial control and management; Coordinating preparation of budgets and work plans for the section; Ensuring provision of accurate, timely and reliable financial information; Ensuring timely submission of annual financial statements of accounts; Iinterpreting of financial policies for sound accounting principles, practices and control and management of PAYE, VAT and other statutory deductions; Verifying Payment vouchers and Staff Imprests in accordance with the laid down Financial procedures, policies and regulations; and Review of bank reconciliation statements.

Person Specifications

For appointment to this grade, a candidate must have:-

A minimum of eight years’ relevant work experience and at least three in a supervisory role in the Public Service or Private Sector; Masters degree in any of the following disciplines: Business Administration (Finance or Accounting option) or equivalent qualifications from a recognized University or institution; Bachelors degree in any of the following: Commerce, Business Administration (Finance or Accounting option), Business Management or other relevant and equivalent qualifications from a recognized institution; Passed Part III of the Certified Public Accountants (CPA) Examination/ACCA affiliate Exams; Membership in good standing of the Institute of Certified Public Accountants of Kenya (ICPAK) or any other recognized professional body; Certificate in Management Course lasting not less than our weeks from a recognized institution; Proficiency in computer applications; Demonstrated competence in work performance; and Fulfilled the requirements of Chapter Six of the Constitution;