The Factory Accountant role at Kipchimchim Group of Companies is critical for managing the financial operations of the factory environment. This position involves providing leadership in financial planning, cost control, and ensuring stringent compliance with statutory and financial reporting standards to drive gross margin improvement and operational efficiency.
Responsibilities
- Provide leadership in budgeting, planning, and cost reviews to drive gross margin improvement and minimize cost of production.
- Oversee the Procure-to-Pay (P2P) process, including supplier reconciliations, eTIMS compliance, and timely payments to farmers and vendors.
- Manage end-to-end tax compliance (PAYE, CIT, WHT, VAT) and coordinate with tax consultants and revenue authorities.
- Lead treasury functions, including liquidity management, accurate cash flow forecasting, bank reconciliations, and loan management.
- Partner with Factory Managers to implement best manufacturing practices that enhance operational cost-effectiveness.
- Coordinate with the Stocks Accountant on stock-taking exercises, variance reconciliation, and implementation of corrective actions.
- Manage fixed assets and ensure accuracy and integrity of all journal postings from operations.
- Prepare statutory financial statements and ensure timely production of signed and audited financial reports.
- Oversee and develop direct reports while maintaining robust financial controls and information security systems.
- Handle credit management, debtor follow-ups, and management of the company imprest system.
Qualifications & Experience:
- Bachelor’s degree in Accounting, Finance, or a related business field.
- A minimum of three (3) years’ relevant experience, preferably in a manufacturing factory environment.
- Professional accounting qualification (CPA-K or ACCA) is mandatory.
- Strong knowledge of International Financial Reporting Standards (IFRS) and IAS.
- ICPAK Certification is an added advantage.
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