Financial Accountant 114 views

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Job description

Purpose / Overview

The Financial Accountant is responsible for processing accounting transactions, preparing reconciliation, and supporting schedules that provide confidence that the Kenya balance sheet is the accurate and collaborative improvement of inefficient finance and business system team process improvement.

The Finance team will ensure that we use our technical competence to help PowerGen achieve its vision of profitably becoming the leading renewable energy utility in Africa.

We do this by processing transactions within the agreed due dates, maintaining up-to-date reconciliations and schedules, we review our balance sheet accounts every month to ensure it is accurate, achieving unqualified audit opinions, and continually improving our processes to make them more efficient so that we spend less time processing transactions and more time on analysis and growth opportunities. We continuously review and improve our internal controls i.e our mechanisms and procedures to ensure Powergen is operating effectively and efficiently, has reliable financial reporting, and is compliant with company policies, government laws, and regulations.

Key Activities:

a)Accounting, Reporting & Auditing:

  • Maintain in conjunction with the Finance Manager the Monthly cash flow forecast file for the
  • company to ensure that cash is available for operations for at least 12 months
  • Ensure that strong internal controls exist and are followed over the company’s Cash,
  • Inventory and Fixed assets. Internal controls include but are not limited to verifying the month-end cash counts, reviewing monthly account reconciliations for balance sheet accounts, verifying the reconciliation between physical Inventory and ERP inventory values, and ensuring the Fixed asset register is accurate
  • Produce monthly financial reports and interpret financial information for the Finance Manager while recommending further courses of action
  • Recognition of Revenue generated from electricity sales and other sources in accordance with IFRS
  • Monthly reconciliation of Bank accounts and general ledgers
  • Maintaining Fixed assets register ensuring that assets are properly recognized and depreciation calculated appropriately
  • Support the Finance Manager in preparing the Annual budget for the company

b)Tax & Regulatory Compliance

  • Verify that tax filings VAT, PAYE, Withholding Taxes, NASSIT calculations, and corporate income tax are accurate and are filed before the statutory due dates
  • Ensure tax compliance with the relevant regulators and become an expert in local tax law to ensure optimal planning
  • Serve as lead liaison with NRA

c)Analysis and Process Improvement

  • Identify opportunities for continuous improvement in areas of responsibility
  • Collaborate on working groups and committees as requested
  • Conduct reviews and evaluations for cost-reduction opportunities


  • Working capital management
  • Grant Reporting
  • Financial statement analysis
  • External audit management
  • Cash flow management & forecasting
  • Balance sheet reconciliation
  • Cost accounting
  • Tax & regulatory knowledge

Required Skills and Qualifications:

  • A bachelor’s degree in finance or accounting with Honors
  • Two years of experience
  • Completed part two of Chartered Finance Accounting
  • Fluency in English.
  • n understanding of Sierra Leonean tax laws and statutory requirements
  • A fast learner

Role overview:

Function: Finance, Investment & Accounting

Industry: Energy & Utilities

Year of Experience:  2-4 years

Location: Freetown

Qualification: ERP Software

About PowerGen Renewable Energy

PowerGen Renewable Energy is a micro-grid developer, implementer, and operator in West and East Africa, reshaping the prevailing rural electrification model in the region. PowerGen is creating an African energy system that utilizes clean, renewable energy and smarter grids to deliver power to all.


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