Investment Accountant

The Investments Accountant is responsible for the day-to-day operations related to the management of the company’s investments and cashflow management. The role involves recording investment transactions, supporting cash flow management, reconciling investment assets, and ensuring compliance with regulatory requirements. The position holder will also support the preparation of investment reports, budgets, some payment processes, and ensuring proper internal controls are maintained.

Roles and Responsibilities

Investments management:

• Posting of daily investment transactions including deposit placements, uplifts & maturities, bond purchases and disposals, and equity transactions into both the cash book and investment ledger.
• Run monthly interest schedules from the financial management system (ERP) for various investment assets such as treasury bonds, treasurybills, bank deposits, and mortgage loans).
• Assist in reconciling investment asset schedules with third parties, including Investment Managers, the Central Bank of Kenya, Commercial Banks, and the Central Depository System Corporation.
• Assist in the development, maintenance, and analysis of investment budgets and cash flow projections (both annual and periodic).
• Generate periodic investment reports and schedules showing asset performance, income, yields, and other relevant metrics for review to provide insights into the Company’s investment performance.

Treasury Management:

• Prepare daily cash flow reports to assess daily liquidity requirements.
• Assist in sourcing funds to meet daily cash requirements or investing surplus funds.

Asset Liability Matching (ALM) Reports:

• Preparation of the quarterly Asset Liability Matching (ALM) reports for review by the Deputy Manager.
• Ensure that the ALM reports are accurate and provide a clear overview of the Company’s asset and liability position.

Audit and Compliance Support:

• Support the preparation of investment records for internal and external audits.
• Provide necessary documentation and explanations to auditors to facilitate audit finalization within set deadlines.
• Support compliance with relevant regulatory requirements, including those set by the Insurance Regulatory Authority (IRA) and the Central Bank of Kenya.

Internal Controls and Payments:

• Support in ensuring that proper internal controls over investments are in place and enforced at all times.
• Responsible for review and approval of allocated payments. For these payments, the role holder shall ensure that all internal controls are in place and followed at all times.
• Regularly review vendor payments to ensure that the correct withholding tax and VAT computations and deductions are made and ensure that any anomalies are remediated in a timely manner.

Reimbursement Claims Processing:

• Review and approve staff reimbursement claims to ensure compliance with the Company’s expense policies.
• Ensure that any reimbursement claims are supported by appropriate documentation and are in line with Company guidelines.

Academic and Professional Qualifications

• Bachelor’s degree in Commerce or a business-related field.
• CPA (K) or ACCA professional qualification.
• Member of ICPAK or a recognized accounting body.

Experience Requirements

• At least five (5) years of accounting experience.
• One to two (1-2) years of experience in investment management or treasury operations is required.

Core Technical Competencies

• An understanding of local investment regulations, including those from the Insurance Regulatory Authority (IRA), Capital Markets Authority (CMA), and Retirement Benefits Authority (RBA).
• Practical knowledge of Kenyan tax regulations and their impact on investment and payment activities.
• Experience in budgeting and financial forecasting is an added advantage.
• Proven ability to work effectively and meet deadlines.
• Strong proficiency in Information and Communication Technology (ICT), with hands-on experience in computerized accounting applications.
• Analytical skills with the ability to think creatively and solve problems
• Ability to work independently and as part of a team.
• Excellent verbal and written communication skills.
• High levels of trustworthiness and discretion, particularly in handling confidential financial data.