Riara Group of Schools Treasury Accountant Job

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The Riara Group of Schools, a leading institution in the education industry, is looking for a suitable candidate to fill the position of a Treasury Accountant.

Principal Role:
To monitor and issue update reports on funds movement within the Riara group including the University, and to facilitate effective management of cash flows and liquidity. 
Duties and Responsibilities
  • Ensure that daily cash takings at Riara Road, Springs and Riara University Cash Offices are reconciled and banked intact on a daily basis. 
  • Confirm that daily banking summary reports are generated and all variances adequately addressed.
  • Ensure that SAP cash receipts control ledger is reconciled to actual banking with bank teller stamp on daily basis and this is signed at the appropriate levels and filed.
  • Produce daily cash-flow monitoring bank balances and report on the total funds available.
  • Confirm that receipts, cash payments as well as petty cash vouchers are correctly and accurately accounted for, and keying  these in the accounting system on a daily basis and also posting of the same after approval by the Group Finance Manager.
  • Produce weekly treasury report – a report showing cash receipts and usage for the week and the expected cash receipts and usage for the succeeding week for the Riara Schools and Riara University.
  • Reconcile all cash books to bank statements on weekly/monthly basis and ensure all reconciling items are dealt with accordingly and to submit bank reconciliation statements by 10th each month.
  • Coordinate periodic cash spot checks.
  • Reverse returned cheques into the debtors account, charge applicable penalties and mark such accounts as “Cheques Not Allowed” (CNA).
  • Monitor PTA and Motisha balances and payment to these accounts as requested by Schoolheads, PTA and Motisha officials.
  • Maintain the loans register, ensure adherence to loan terms and amortize repayments as they fall due.
  • Maintain lease registers and ensure lease payments are updated in the lease ledgers on due dates.
  • Generate weekly and monthly cash flow forecasts by the 10th of succeeding months for the Riara Schools.
  • Manage Mpesa transactions and posting of transactions into the accounting system on a daily basis.
  • Act as the key contact person on banking relationship and negotiation of exchange rates.
  • Support the Group Finance Manager in handling general insurance matters in liaison with the Group Administration Manager.
  • Perform any other duties that may be assigned.
Qualifications Knowledge and Experience:
  • A business related degree and a registered professional accountant.
  • A minimum of four (4) years working experience, two of which should have been at a senior level in a large organisation.
  • Strong leadership and analytical skills, strict adherence to deadlines and a team player.
  • Excellent communication and demonstrated decision making skills.
  • Excellent interpersonal skills and ability to work in a diverse and multi-cultural environment.
  • Must be computer literate and proficient in standard office computer applications and accounting packages.
  • Knowledge of SAP will be an added advantage.

 

How to Apply

Qualified candidates to send applications;- updated Curriculum Vitae and Cover Letter, current and expected remuneration and contact details of 3 referees to [email protected] with subject of the email as Treasury Accountant by close of business on Friday 9th December 2016. Employment Policy Statement: In line with its values and the Employment Act 2007 provisions, Riara Group of Schools is an Equal Opportunity Employer who strives to promote good and fair employment practices which are intended to achieve the most effective use of all its human resources.
We eliminate all types of unfair discrimination based on race, colour, sex, language, religion, political or other opinion, nationality, ethnic or social origin, disability, pregnancy, or HIV status.
Please note that we do not charge interview candidates a fee at any point during the recruitment process.
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