Finance and Accounting Specialist at InSupply Health

  • Full Time
  • Nairobi

InSupply Health

Overview:

As a Finance and Accounting Specialist, you will play a vital role in ensuring the financial health of inSupply Health. You will be responsible for the accurate and timely recording of financial transactions, managing budgets, and ensuring compliance with donor regulations, allowing inSupply Health to deliver its programs and maximize its impact effectively. You will be expected to demonstrate and uphold the highest standards of ethics, integrity, and confidentiality.

Responsibilities:

Specific responsibilities include, but are not limited to:

Accounting

  •  Oversee the Finance Associate in the day-to-day accounting including ensuring documentation associated with financial transactions meets inSupply and client/donor requirements, entering transactions into Microsoft Dynamics Business Central, reconciling advances and projecting and tracking expenditures and accruals.
  •  Provide support to inSupply Health Tanzania as may be requested by the RFOM.
  •  Ensure monthly accounts are generated by the 10th after the previous month ends.
  •  Ensure all inSupply accounts (Kenya and Tanzania) are reconciled and any variances explained.
  •  Update expense tracking file and generate financial reports and invoices for RFOM review on a monthly basis and submit by the contractual deadline;
  •  Enter payments towards invoices and any other revenue, ensuring that it is accounted appropriately in accounting books;
  •  Ensure all accounting systems in the company meet with the accounting principles and safeguard the resources of the company.
  •  Responsible for ensuring filing and updating of financial documents in shared google drive and hard copies are done and in line with finance and office procedures.

Organizational and Project Finance

  •  Maintain and ensure the use of the coding (Project Numbers and Accounting Numbers) system for all financial transactions.
  •  Create monthly cash flow projection reports and submit them to the Regional Finance and
  • Operations Manager (RFOM). This includes proactively collaborating with the CEO, Activity Managers, and Regional Technical Advisors to update and present spent and projected project work plan activity costs.
  •  Work with the RFOM to request advances from clients and track payments for invoices, to maintain cash flow.
  •  Conduct spot checks and prepare a reconciliation report with inSupply’s auditor to prepare and submit year-end audit reports.
  •  As needed, guide the Finance Associate in gathering documentation for client audits; review monthly accounts to ensure documentation completeness and accuracy.
  •  Submit relevant withholding and VAT payments to the Kenya Revenue Authority.
  •  Process monthly statutory deductions and other staff deductions, in line with the Kenyan existing laws and deadlines.
  •  Under the oversight of RFPM, update and monitor project and indirect budgets and generate variance reports.
  •  Assist the RFOM in budgeting for proposals with inputs from the technical team.
  •  Prepare the monthly payroll for the RFOM’s review.
  •  Work with the management tea monquarterly updating of the organizational budget.
  •  Work with the Grants Specialist to ensure project compliance, and reporting is followed; alert project leads/activity managers and the RFOM on any financial issues regarding project spending.
  •  Ensure consistent implementation of inSupply’s financial and operational policies, donor rules, and contract terms.
  •  Collaborate with the RFOM to develop and improve financial tools, document all organizational financial procedures, ensure organizational compliance, and mitigate financial risk.
  •  Maintain an up-to-date and comprehensive understanding of contracts, grant terms and
  • conditions, and alert the RFOM of any compliance issues. Act as a resource person to staff on guidance for compliance issues.
  •  Maintain project financial files and deliverables per client/donor terms and conditions
  •  Perform other duties as assigned.

Grants and Contract Management

  •  In collaboration with the RFOM, inSupply CEO, Kenya Practice Lead, and JSI Finance and
  • Operations Manager develop and update systems and tools for contracts and grants management including manuals, assessment tools, grant awards, and contracts trackers.
  •  Coordinate with the RFOM on donor communication.
  •  Work with Grants and Compliance Advisor to track receivables for the contract/grant and ensure invoices and advance requests are submitted in a timely manner.
  •  WorkwiththeTechnical Team to update project work plan budgets on a regular basis.
  •  Ensure consistent implementation of inSupply’s financial and operational policies, donor rules and contract terms. Work with RFOM and Kenya Team Lead to develop and improve standard operating procedures (SOPs), training, notices, and other tools to facilitate the organization’s compliance with contracts, client regulations, and applicable laws and regulations.
  •  Maintain an up-to-date and comprehensive understanding of contracts, grant terms and conditions, and requirements and alert the RFOM of any compliance issues. Act as a resource person to staff on guidance for compliance issues.
  •  Ensure and maintain project contractual files and deliverables per client/donor terms and conditions
  •  Negotiate insurance policies that adequately cover the organization’s business operations, including commodity loss or damage, product liability, and errors and omissions, working with licensed insurance brokers.
  •  Monitor and update organizational contracts such as leases, memoranda of understanding (MOUs)

Other Duties

  •  Perform other duties as assigned.

Required Qualifications and Experience:

 Education

  • Bachelor’s degree in Accounting, Finance, or Business Management or equivalent (Required):
  • Membership in CPA or any other relevant professional qualifications (ACCA, CIMA)
  •  A Master’s degree in (Finance, Accounting, or Business Administration) will be an added advantage
  •  CPA(K)/ACCA or its equivalent
  •  Member of the Institute of Certified Public Accountants or a relevant professional body

Experience:

  • At least 6-9 years of professional experience, including increasingly responsible grants experience, preferably with an international donor-funded organization.
  •  Strong Financial background (accountancy and financial management)
  •  Excellent analytical skills (ability to analyze budgets and make financial forecasts)
  •  Proven ability to translate analysis and evaluation into operational planning and strategy
  •  Good written and verbal communication skills
  •  Good influencing and negotiation skills
  •  Experience working with Microsoft Dynamics Business Central.
  •  Strong team work skills, self-management, proactive, and clear communication abilities.
  •  Proven ability to lead, manage, and build capacity in teams.
  •  Excellent writing, communication, prioritization, and organizational skills.
  •  Proficiency in Google Suites and MS Office packages, particularly Word, Excel, and PowerPoint.
  •  Proficiency in English.
  •  Ability to coordinate multiple tasks and work independently

To apply for this job please visit insupplyhealth.com.