Accountant

The Agricultural Finance Corporation seeks a sharp, detail-oriented Accountant to join its team in a key operational capacity, supporting Kenya’s vital agricultural sector. This crucial role centers on ensuring robust financial controls around liquidity, managing market fund mobilization efforts, and overseeing branch-level accounting functions, including collections oversight and budget implementation. If you are an ambitious professional in Finance/Accounting and with CPA/ACCA Part II, ready to contribute significantly to the institution’s mission from a vibrant location, AFC offers an excellent opportunity to apply your analytical skills and drive efficiency within a Government Development Financial Institution.

The Agricultural Finance Corporation (AFC) is a Development Financial Institution (DFI) wholly owned by the Government of Kenya. AFC remains the leading Government Credit institution mandated to provide credit for the sole purpose of developing agriculture. This role is critical as agriculture is the mainstay of the Kenyan economy where majority of the Kenyan population which is rural based relies on agriculture as their main source of income and food system. AFC has exciting career opportunities and wishes to recruit dynamic and visionary professionals to fill the following positions: –

Accountant III [Job Grade G7], 2 Posts

Job Purpose:

To manage the Corporation’s liquidity, co-ordinate raising of funds from the market and ensuring that all controls around cash are effective.

Key Responsibilities:

1. Participate and provide secretarial services in the branch Loans Committee, Branch Areas Committee, Disposal of Old Assets and Branch Staff Committee so as to ensure accurate recording of proceedings and follow up of actions;
2. Participate in the preparation and implementation of the Branch Annual Plans and budgets to ensure the branch realizes its targets;
3. Preparation of weekly imprest claims and monthly reconciliations of imprest and collections;
4. Supervise the receipting and safe custody of all loan collections and proper management of loan collection, loan funds and imprest accounts, timely banking of collections and withdrawals of cash at the branch level and advise on quality portfolio trends
5. Monitor and analyze the branch expenditure and variances and recommendations to the branch manager on areas of improvement;
6. Ensure end of day procedures are properly done and reports submitted to Head office on time;
7. Manage the maintenance and custody of branch assets, accountable documents, and maintenance of the fixed assets register
8. Supervise and manage vehicle maintenance, fueling, repair and overnight safe custody of the keys and work ticket.
9. Manage the settlement of suppliers’ invoices and payment in a timely manner and in line with established procedures;
10. Manage the supervision and deployment of service providers assigned to the branch;
11. Prepare discharge of charge upon clearance of loan balances by the clients so as to ensure timely release of securities;
12. Supervise the branch registry in order to ensure all the branch files are serially kept for ease of retrieval;
13. Process disbursement of loans at the branch level;
14. Manage timely payments of rents, rates and taxes to avoid penalties
15. Any other relevant work that is assigned to the job holder from time to time.

Person Specification

For appointment to this grade, a candidate must have:

1. Bachelor’s degree in Accounting, Finance, Business Administration or its equivalent form a recognized university
2. Certified Public Accountant (CPA II) or Association of Chartered Certified Accountants (ACCA II)
3. Proficiency in computer applications;
4. Fulfilling the requirements of Chapter Six of the Constitution

Key Competencies and Skills

1. Interpersonal and communication skills
2. Analytical and negotiation skills
3. Attention to detail and critical thinking
4. Innovative and resource mobilization skills
5. Attention to detail;