The Open University of Kenya aims to address the pressing issue of limited capacity in traditional universities by employing innovative teaching and learning methodologies, including online and distance education. By leveraging technology and flexible learning modes, the university seeks to accommodate a larger number of qualified students.
Senior Accountant Role Overview
This position requires a seasoned professional to take a leading role in the University's accounting and financial management functions, ensuring compliance with both local and international financial standards.
Duties & Responsibilities
- Prepare the annual report and financial statements in compliance with IPSAS standards.
- Prepare quarterly financial reports along with the corresponding Council reports.
- Serve as the liaison officer for both internal and external audit exercises.
- Lead the preparation of annual and revised recurrent and capital development budgets.
- Financial reporting of research grants, donors and other collaborative activities.
- Organize and manage accounting sections, including directing, controlling, and coordinating routine and non-routine accounting activities.
- Interpret financial policies, administer budgetary control systems, and implement management accounting processes.
- Lead the implementation and management of the finance modules within the ERP system.
- Provide advice on financial policies to ensure sound accounting practices and compliance with relevant financial laws and regulations.
- Train, mentor, and develop finance staff.
- Perform any other duties and responsibilities assigned from time to time.
Required Qualifications and Competencies
For appointment to this grade, one MUST have:
Must Have
- A Master’s Degree from a recognized University in a relevant field such as Accounting, finance or Business Administration.
- A Bachelor’s degree from a recognized University in a relevant field such as Accounting, finance or Business Administration.
- CPA (K) and nine (9) years’ experience, three (3) of which Must be at the level of Accountant 1 grade 12 or equivalent from a comparable institution.
- Registered with ICPAK and in good standing.
- Active engagement in preparation of budgets, quarterly and annual financial reports.
- Shown merit and ability reflected in work performance and results.
- Certificate in proficiency of application of ERP systems and Advanced Excel in processing transactions.
- Knowledge of Public Finance Management Act, 2012 (regulations 2015), Public Procurement and Asset Disposal Act, 2015, local taxation laws and all other laws governing management and financial reporting.
Added Advantage
- Knowledge of grant cost applications, donor financial management, and compliance with donor regulations will be an added advantage.
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