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Thursday, June 4, 2009

Telkom Kenya Finance Department Jobs and Careers

Telkom Kenya, the leading integrated telecommunications provider in Kenya seeks to employ passionate, energetic and resourceful people to fill the following vacancy in the Finance department.

Bank Reconciliation Accountant


Reporting Relationships

Responsible to: Manager Cash collection and Bank reconciliation

Main Purpose of the Job

Maintain a cash collection process to ensure all cash collected from cash sales and billings is correctly accounted for and banked.

Key Responsibilities

  • Ensure that Daily cash collection system and processes exists so that;
  1. There is a clear record of Daily cash/ Cheques collected
  2. Bankings are done on a Daily basis
  3. Daily collection reconcile to daily bankings
  4. Daily Collections are correctly analyzed and posted to the correct accounts in the General ledger e.g handset sales, airtime sales, payments for billing on accounts etc
  • Prepare/Coordinate the preparation of the following for each bank account/ sales outlet on a monthly basis to support the accounts
  • Bank reconciliation statements to ensure the Cashbook per the accounting system reconciles to the bank statements
  • Sales reconciliation statements to ensure that collections are correctly analyzed and posted to the correct accounts in the General ledger e.g handset sales, airtime sales, payments for billing on accounts etc
  • Participate and support new modes of airtime sales and transfer (e.g e-top up + other E-commerce channels) to ensure a complete audit trail exists and adequate controls over the cash are implemented
  • Continually and consistently work on improving and maintaining the control environment around cash collection by ensuring that the accounting process and procedures adhere to internal control procedures.
  • Support the audit process, quick resolution of audit issues.
  • Perform any other duty as may be assigned by the Manager Cash collection and bank reconciliations.
Communication Demands

Internally:
  • All TKL departments.
Externally:
  • Auditors.
  • Banks
  • Telkom subsidiaries
Knowledge and Experience
  • Bachelor of Commerce ( Accounting)
  • Qualified Accountant CPA(K)
  • Above Average Knowledge of MS Office suite and accounting applications.
  • At least Three (3) years relevant experience in a finance department of a professionally run organization.
  • Experience in an audit firm will be an added advantage
Mental Demands /Competencies
  • Attention to detail
  • Confidentiality
  • Ability to handle multiple tasks requiring urgent attention
  • Innovative
  • Ability to work under pressure
  • Positive attitude to work
Manager Bank and Cash Reconciliation

Reporting Relationships
  • Responsible to: Financial Controller
  • Responsible for: Bank Reconciliation Accountant
Main Purpose of the Job
  • Implement and maintain a cash collection process to ensure all cash collected from cash sales and billings is correctly accounted for and banked. Also ensure
  • Daily collections are reconciled to sales, billings, and any other cash collections as appropriate
  • Daily bankings per the cash book are reconciled to the bank statements and
  • Monthly bank reconciliation , verification and follow up of outstanding items is done promptly
Key Responsibilities
  • Implement and manage a Daily cash collection system and procedures to ensure that on a daily basis for Each CEC or sales outlet,
  • There is a clear record of Daily cash/ Cheques collected
  • Bankings are done on a daily basis
  • Daily collection reconcile to daily banking
  • Sufficient audit trail of cash collection and banking
  • Daily Collections are correctly analyzed and posted to the correct accounts in the General ledger e.g handset sales, airtime sales, payments for billing on accounts etc
  • Prepare/Coordinate the preparation of the following for each bank account/ sales outlet on a monthly basis to support the accounts
  • Bank reconciliation statements to ensure the Cashbook per the accounting system reconciles to the bank statements by the 20th day of the subsequent month
  • Sales and stock ledger reconciliation to ensure that collections are correctly analyzed and posted to the correct accounts in the General ledger e.g handset sales, airtime sales, payments for billing on accounts etc
  • Generate and prepare accurate and timely Daily, weekly, monthly and other periodic collection reports for management use and decision-making
  • Participate and support new modes of airtime sales and transfer (e.g e-top up + other E-commerce channels) to ensure a complete audit trail exists and adequate controls over the cash are implemented
  • Continually and consistently work on improving and maintaining the control environment around cash collection by ensuring that the accounting process and procedures adhere to internal control procedures.
  • Liaise with group and statutory auditors to support the audit process, quick resolution of audit issues and provide outmost assistance to ensure clean audit report and a progressive minimization of internal control weaknesses
  • Conduct on the job training for other staff in the section to ensure perpetual performance improvement and for succession planning
  • Perform any other duty as may be assigned by the financial controller.
Communication Demands

Internally:
  • All TKL departments.
  • Areas
Externally:
  • Auditors.
  • Banks
  • Telkom subsidiaries
Knowledge and Experience
  • Bachelor of Commerce ( Accounting)
Mental Demands /Competencies
  • Attention to detail
  • Confidentiality
  • Ability to handle multiple tasks requiring urgent attention
  • Innovative
  • Ability to work under pressure
  • Positive attitude
Cash Management Officer

Reporting Relationships
  • Responsible to: Head of Treasury
  • Responsible for: Cash Management staff (Two)
Main Purpose of the Job
  • To prepare, analyze and manage the company’s cashflow to ensure adequate funding of the company’s operations on day to day basis
Key Responsibilities
  • Management of company’s cashflow forecasts, rolling forecasts and actual report s on annual, monthly and weekly basis
  • Analyze on regular basis the company cashflow to identify the cash needs
  • In liaison with Credit control and our bankers, ensure all the expected receipts are promptly credited in the bank accounts.
  • In liaison with Account payables and Payments section, ensure proper planning for all payments within a month
  • Preparation of daily cash and bank reports within the set timelines
  • Preparation of monthly group reports (D+3, D+8) are prepared within the set timelines
  • In liaison with the payments section, prioritize all payments and ensure payments are carried out as planned following the due dates.
  • Ensure that excess cash is invested in the most profitable ventures.
  • Ensure proper accounting and reconciliation of all the short term investments.
  • Ensuring proper management of the company’s FOREX.
  • In liaison with the Head of Treasury, prepare the monthly Organic cashflow and prepare for the monthly conference call with the Group.
  • Being a liaison officer with the company bankers.
  • Optimization of the bank charges and interest rate
Tasks
  • Preparation of annual, monthly and weekly cashflow
  • Analyze on monthly, weekly and daily basis, the company’s cashflow to ensure adequate funding for the company’s operations
  • Collect data on all expected international receipts on monthly basis and ensure that credits are carried out into the bank account at the value date.
  • Collect daily data from the bank and prepare the daily bank report
  • Collect data and ensure the Group Treasury reports, D+3 and D+8, are prepared within the set time lines.
  • Prepare schedules and prioritize all the planned payments within a week or month and ensure that payments are carried out as planned.
  • Analyze the cashflow to identify cash shortages and excesses. Negotiate for the short term investment of the excess cash.
  • Follow up of the short term investments and ensure proper accounting of all income from these investments.
Communication Demands
  • Internally: All TKL departments
  • Externally: Group (FT) Treasury team and TKL Vendors and suppliers
Mental Demands
  • Commitment, diligence and dedication
  • Analytical and intuitive mind
  • Report writing and good communication skills
Knowledge and Experience

Education:
  • Bachelor degree preferably business related
  • CPA(K)
  • Knowledge and proficiency in Microsoft offices applications
Experience:
  • 3 to 5 years experience in telecommunications industry
  • 2 to 3 years experience and knowledge in Treasury functions
  • Planning and management of cashflow in medium to large organizations
Key Competencies
  • Strong analytical skills
  • Good computer knowledge and skills
  • Good planning skills
  • Ability to lead and supervise staff
  • Strong interpersonal skills
Mode of application

All the interested candidates are requested to send their applications to chro @ telkom.co.ke.

Please mark the job title and Ref. you are interested in as your subject on the application letter and attach a detailed CV.

The timeline for application is 12th Jun, 2009.

If you do not hear from us by 26th Jun, 2009 please consider your application unsuccessful.

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