Key Responsibilities
A. Financial Performance and Branch EBITDA
Monitor branch financial performance and provide accurate financial information to support achievement of Branch EBITDA targets.
Prepare and analyze branch income and expenditure reports identifying variances against budgets and prior performance. Work with the Branch Manager and relevant departments to identify opportunities to improve profitability and operational efficiency.
Monitor operating expenses and ensure expenditure is properly authorized supported by documentation and recorded accurately.
Provide analysis of financial performance gaps and recommend corrective actions.
B. Gross Margin (GM) Monitoring
Monitor branch gross margin performance and analyze variances against agreed targets.
Review sales cost of goods sold discounts returns stock adjustments and other transactions affecting gross margin.
Investigate unusual margin fluctuations and escalate significant issues to the appropriate stakeholders.
Collaborate with Sales and Operations to ensure accurate recording of sales and related costs.
Prepare gross margin reports and recommend measures to minimize avoidable losses and improve margin performance.
C. Budget Cost Savings
Monitor expenditure against approved branch budgets and identify cost-saving opportunities.
Track budget utilization and investigate material variances between actual expenditure and approved allocations.
Ensure branch expenditure is appropriately approved and incurred in line with company policies and budgetary limits.
Identify unnecessary costs and opportunities to optimize branch resources.
Maintain records of cost-saving initiatives and report realized savings against agreed targets.
Support budget preparation forecasting and periodic financial reviews.
D. Cash Conversion Cycle (CCC) and Inventory Management
Monitor inventory-related financial information and support improvement of the Cash Conversion Cycle (CCC).
Track inventory movement stock aging and slow-moving items that may affect working capital efficiency.
Reconcile physical stock records with system records and financial accounts in coordination with Warehouse and Operations.
Investigate stock discrepancies unexplained adjustments damaged stock and potential losses.
Monitor receivables payables and inventory-related balances within the branchs scope.
Prepare reports highlighting inventory risks and recommend actions to improve stock turnover and cash flow.
Ensure inventory transactions are recorded accurately and promptly in relevant systems.
E. Financial Reporting: Timeliness and Accuracy
Prepare and submit daily weekly and monthly financial reports within established deadlines.
Ensure reports are accurate complete properly supported and consistent with accounting records.
Review financial transactions and supporting documents before posting or reporting.
Ensure sales expenses receipts payments stock movements and other transactions are recorded promptly in relevant systems.
Investigate reporting errors and implement corrective actions to prevent recurrence.
Maintain financial records and documentation to support internal and external audits.
F. Departmental Goals and Task Completion
Complete assigned Finance and Accounts tasks within agreed timelines.
Track outstanding financial activities and follow up with relevant departments to ensure timely resolution.
Support departmental objectives and continuous improvement of accounting processes.
Coordinate with the Branch Manager Finance Manager Warehouse Sales and other teams to resolve operational and financial issues.
Communicate delays risks or unresolved matters promptly and implement agreed corrective actions.
G. Reconciliations Completion
Perform regular reconciliations of cash bank accounts sales inventory receivables payables and relevant general ledger accounts.
Reconcile system-generated reports against supporting documents and independent records.
Investigate reconciliation differences identify root causes and ensure timely resolution.
Maintain reconciliation schedules with supporting documents and appropriate review or approval.
Follow up on outstanding items and escalate long-pending differences to the Finance Manager.
Complete reconciliations within prescribed reporting timelines and company procedures.
H. Internal Controls and Kenyan Statutory Compliance
Comply with company financial policies approval limits accounting procedures and internal control requirements.
Verify that payments expenses journal entries and adjustments are supported by appropriate documentation and authorization.
Support compliance with applicable Kenyan tax and statutory reporting obligations including relevant VAT PAYE withholding tax and other obligations as applicable to the company.
Support timely preparation and filing of relevant returns through Kenya Revenue Authority (KRA) systems in coordination with the Finance Manager or tax advisers where required.
Support compliance with applicable electronic invoicing requirements including eTIMS where applicable.
Maintain accurate tax records and reconciliation schedules and monitor filing and payment deadlines.
Identify and report irregularities potential fraud and control weaknesses; support internal and external audits.
Requirements
Qualifications and Experience
Bachelors degree or Diploma in Accounting Finance Business Administration (Accounting) or a related field.
At least 2 years of relevant accounting experience preferably in a branch-based distribution FMCG retail or trading environment.
Practical experience in financial reporting account reconciliations budget monitoring inventory accounting and cost control.
Working knowledge of Kenyan tax and statutory compliance requirements; familiarity with KRA iTax and eTIMS where applicable.
CPA (K) ACCA or an equivalent professional accounting qualification will be an added advantage.
Experience using ERP or accounting systems and strong Microsoft Excel skills.
Required Skills and Competencies
Strong financial and analytical skills.
High level of accuracy and attention to detail.
Good understanding of accounting principles and internal controls.
Ability to analyze financial performance identify variances and recommend corrective actions.
Strong organization planning and time-management skills.
Ability to meet deadlines and manage multiple priorities.
Good communication and interpersonal skills.
Integrity confidentiality accountability and sound professional judgment.
Ability to work collaboratively with cross-functional teams.
Working Relationships
Internal : Branch Manager; Finance Manager / Head of Finance; Sales and Distribution; Warehouse and Operations; Procurement and Administration; Head Office Finance and Accounts.
External : Auditors banks and financial institutions suppliers and other authorized business partners on accounting-related matters.
Expected Deliverables:
Accurate and timely branch financial reports.
Improved visibility and control over branch expenditure and budget utilization.
Reliable financial information supporting EBITDA and gross margin performance.
Effective inventory and working capital monitoring.
Timely reconciliations with outstanding differences investigated and escalated.
Compliance with financial policies internal controls and applicable Kenyan statutory requirements.
Timely closure of assigned accounting tasks and reporting requirements.
Documented cost-saving opportunities and follow-up on agreed improvement actions.
Qualifications Bachelors Degree in Marketing Business Administration Communications or a related field. Good knowledge of FMCG marketing principles. Good understanding of digital and social media marketing. Strong communication and presentation skills. Good analytical and reporting skills. Proficiency in Microsoft Office and relevant digital marketing tools. 5. Experience Minimum 23 years of experience in marketing preferably within the FMCG industry. Experience in trade marketing merchandising market research promotions or digital marketing is an added advantage. Experience working with distributors retailers wholesalers or field sales teams is preferred.
Bachelors Degree in Marketing Business Administration Communications or a related knowledge of FMCG marketing understanding of digital and social media communication and presentation analytical and reporting in Microsoft Office and relevant digital marketing tools.