Principal Finance Officer at The Rural Electrification and Renewable Energy Corporation

Job Description (adsbygoogle = window.adsbygoogle || []).push({}); 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 Review and ensure timely and accurate preparation of management accounting reports on monthly, quarterly and annual basis; Ensuring timely and accurate preparation of annual budgets and revised budgets based on approved work plans; Provide technical support to technical and other departments during the budget making process; Reviewing expenditure returns from departments, prepare variance analysis and recommend corrective action; Interpreting of financial policies for sound financial principles, practices procedures for effective internal control; Assist other departmental and sectional managers in the management of their budgets through regular provision of reliable up to date financial information; Carry out financial planning and consolidate department work plans; Participate in Resource Mobilization initiatives of the Corporation; Verification of payroll, payment cheques, EFTs and bank transfers; Approval of Purchase orders, Sales & Purchase invoices and staff imprests; Review the coding of ledger and store items in the system to ensure that is accurate and sufficient; Review all purchase requisition to ensure the estimate given by users are reasonable and within budget; Review all corporations funds Reconciliation i.e. Projection vs Actual collection; Ensure timely collection of corporation’s funds; Ensure records and data on corporation’s funds are properly maintained; and Ensure timely production of accurate monthly, quarterly and annual reports. 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; #J-18808-Ljbffr