Senior Finance Associate at Turaco

The ideal candidate has an understanding of tax, statutory, and insurance regulations in Kenya, an established relationship with KRA, and an ability to manage day-to-day financial transactions of revenue and expense tracking for the company.

Key Roles and Responsibilities:

Accounting and Finance


Manage expenses, including petty cash, wire transfers, payroll, expense classifications, claims payments, and general AP
Ensure all payments are properly supported and duly authorized before disbursement.
Maintain and keep an up-to-date Fixed Asset Register.
Manage partner revenue calculations, generate invoices, manage AR, and VAT remittances
Maintain appropriate company documentation and compliance with regulatory and tax-related requirements
Maintain the accounting software system and initiate periodic improvements
Liaise with external tax and audit firms for the creation of annual trial balances, tax filings, audits, and implementing audit recommendations.
Ensure tax and statutory deductions are properly computed and remitted before the due deadlines
Support the Finance Lead in the consolidation of financial statements, budget vs. actual reporting, and other reports as required, providing commentary, and ensuring accurate and timely presentation to management
Oversee all ledger and bank account reconciliations monthly
Prepare monthly balance sheet schedules and ensure all balances are adequately supported
Prepare the monthly payroll journals and ensure statutory deductions are submitted by the due dates
Maintain an organized, well-documented, and sequential filing system on Google Drive.


Financial Policy and Planning Processes


Help to prepare the annual budget plan for all aspects of Turaco's operations so that it meets accounting compliance standards and the requirements of other key stakeholders
Prepare accurate reports in line with Turaco's reporting schedules
Make recommendations to improve processes and minimize discrepancies
Help to develop and implement policies and procedures to meet regulatory requirements, and best practice approaches and provide ethical guidance for the finance and accounting processes of Turaco
Work closely with the Finance Lead to maintain an accurate cash flow forecast and ensure sufficient bank balances
Support the selection and migration to a more robust ERP system


External Stakeholder Management


Maintain existing relationships with key business partners (including banks, auditors, actuaries, and regulatory bodies)
Provide information to external auditors and regulatory bodies for annual and ad hoc audits
Maintain and update records of invoices, revenue, and costings (both expense tracking and project-level expense classification)
Regularly conduct stakeholder analysis of customer expenses and revenues


Key Qualifications and Requirements


Bachelor's degree in a finance discipline
ACCA or CPA Kenya professional qualifications
At least 2 to 3 years of Accounting and Finance experience in a busy environment.
Previous experience working in a high-profile start-up or an Insurance Company.
Experience with QuickBooks Online preferred.
Good understanding and application of IFRS
A keen understanding of tax provisions in Kenya
A builder, someone who has taken part in building finance systems and controls
Well-organized with a demonstrated ability to perform filing and record-keeping tasks
High level of integrity and accountability
Strong communication and organizational skills