Accountant - Receipting

Region:    Nairobi 

Reporting to:   Head of Accounting and Reporting

Business Unit:   Finance Department

  Financial Accounting & Reporting

Who We Are

Telkom is a technology company that provides integrated solutions to individuals, Small and Medium-sized Enterprises (SMEs), Government and large corporates in Kenya, drawing from a diverse solutions suite that includes voice, data/connectivity, digital financial services, as well as network services. Powered by its vast fiber optic infrastructure, it is also a major provider of wholesale carrier-to-carrier traffic, within the country and the region. 

Role Purpose:  

Responsible for the receipting process and reconciliation between the billing system (Gypto) and the ERP system (SAGE). 

Computation of the monthly Expected credit loss (ECL) from the reconciled receivable balance / listing in accordance with IFRS 9.

Review and update the expected credit loss matrix with the relevant information as and when is necessary or required.  

Review the receivable listing and advise accordingly in consultation with credit control team, debtors that would require specific provision. 

Responsible for validating all credit notes requests and ensure they are all supported, approved by the relevant persons in accordance with laid out policy and procedure.

Key Duties and Responsibilities

1. Responsible for receipting process by ensuring receipting of all RTGS/EFT's, VAT certificates within 24 hours upon receipt of accurate schedule and feedback respective credit controllers & customers about un-receipted RTGS/VAT with inaccurate/incomplete schedules.

2. Daily review of bank statements for incoming RTGS/EFT’s; liaison with bank reconciliation team for any unclear descriptions.

3. Manage the process of  shops receipting for customers who present their RTGS/EFT confirmations to the shops

4. Maintain and manage the schedule for un-receipted amounts; and ensure reconciliation of the same with the bank outstanding amounts from the bank reconciliations

5. Prepare monthly receivables ageing report; and reconciliation of the top 20 debtors on a monthly basis

6. Undertake monthly reconciliation between the billing system (Gypto) and the ERP system (SAGE) and ensure any variance between the two is explained and actioned upon.

7. Calculate the monthly Expected credit loss (ECL) from the reconciled receivable listings /balance in accordance with IFRS 9

8. Responsible for continuous review and update of the ECL matrix with the latest relevant information as and when is necessary.

9. Prepare monthly receivables ageing report and advice accordingly in consultation with credit control team, debtors that would require specific provision. 

10. Responsible for validating all credit notes requests are justifiable, approved by the relevant persons in accordance with laid out policy and procedure.

11. Verify and adjust for any errors in accounting systems if any and passing of necessary journals

12. Reconcile and analyse all assigned ledger balance accounts and auctioning of any open items in the month under review, perform trend analyses and communicate effectively with management to provide financial advice.

13. Measure and report on critical financial aspects crucial to the success of the business.

14. Support on any finance projects as and when required to do so.

Academic background & Professional Knowledge:

• Bachelor of Commerce (Accounting)

• Qualified Accountant CPA(K)

• Above Average Knowledge of MS Office suite and accounting applications  

• Minimum of 5-8 years working the Finance department of a reputable organization

Here Are The Skills We Are Looking For:

● Thorough knowledge of accounting standards IAS / IFRS

● Strong analytical and problem solving skills

● Great attention to detail;

● Advanced knowledge of accounting applications

● Process discipline

● Strong business and financial acumen

How to Apply:

Applications should be sent by providing an updated Curriculum Vitae (CV) before 30th May 2024 including details of your current telephone contacts and names of three referees.

Please note, only shortlisted candidates will be contacted. Telkom Kenya is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to tribe, religion, gender, age or disability.