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Cytonn   |   Nairobi, Kenya   |   Log in or register to see the closing date

Accounts Assistant - Cytonn College of Innovation and Entrepreneurship

  • Diploma, Associate's degree
  • Accounting, finance, banking, insurance
  • Basic level (worker)
  • Full Time
  • Permanent
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Job Summary

Cytonn Investments is an independent investments management firm, with offices in Nairobi - Kenya and D.C. Metro - U.S. We are primarily focused on offering alternative investment solutions to global and local institutional investors, individual high net-worth investors, and diaspora investors interested in the East-African region.


Our investments are in real estate and private equity. Real estate investments are made through our development affiliate, Cytonn Real Estate, where we currently have over Kshs. 82 billion (USD 820 mn) of projects under mandate across ten projects. In private equity, we invest in banking, insurance, education, hospitality and technology. Our financial services investments in Sub Saharan Africa are made through our Cytonn Financial Services Fund (CFSF) through which we are the 6th largest shareholder in NIC Bank in Kenya. Investments in education and hospitality are made through Cytonn Education Services and Cytonn Hospitality, respectively.
CES, has the mandate to provide the education services component of our comprehensive master-planned developments such as day care centers for The Alma in Ruaka, Taraji Heights in Ruaka, and The Ridge in Ridgeways. CES also has the mandate to set up comprehensive education institutions for RiverRun Estates in Ruiru and Newtown in Athi River. As part of this mandate, CES is setting up a Technical College, under the brand name, Cytonn College of Innovation and Entrepreneurship. The institution shall provide comprehensive, quality technical training up to diploma level, with a focus on innovation and entrepreneurship. We are therefore looking to acquire and retain the best talent, to be part of this vision.

Reporting to the Accounts Manager, the Accounts Assistant will be in charge of fees collection and recording, creditor and supplier management, human resource remuneration and preparation of the institutions management accounts and financial statements.


Responsibilities

  1. Documenting the accounting process to develop an accounting manual that shall guide the institution in its day-to-day activities;
  2. Managing the Accounts Payable function to ensure timely and accurate ledger cards as well as promptly settlement of the suppliers’ payments in line with the institutions policy;
  3. Continuous vouching of the institutions Trial Balance to correct possible errors and to verify the General Ledger accounts balances at all time;
  4. Maintain fixed assets registers and ensure that the institutions’ assets are not misused and that their existence is verifiable at all times;
  5. In liaison with the Head of Department, come up with the institution’s budget to guide the entities into a controlled spending culture;
  6. Preparation of cash flow projections to help the institution manage well its cash flows while meeting its obligations with other stakeholders;
  7. Assist in preparation of accurate and timely consolidated monthly management accounts and presenting them to the business committees in the prescribed manner;
  8. Periodically liaising with the external auditors to ensure professional opinion on complex accounting matters is solicited and adjusting our operations accordingly. Also ensuring interim and final audit are completed on timely basis to have audited accounts concluded as per the company’s policy;
  9. Ensure the entities under management are compliant with all taxation and other regulatory requirements. These includes PAYE, NSSF, NHIF, NITA, VAT and WHT;
  10. Ensure all documentation are filed correctly;
  11. Any other duties that may be allocated to you by your supervisors from time to time.
  12. Ability to make quick yet sound decisions;
  13. Ability to work independently, problem solve, and be persistent;
  14. Personal qualities of integrity, credibility, self-driven attitude towards work, and commitment to the mission of the institutions;
  15. Any other duties as may be prescribed from time to time


General Information

Salary rangeNot specified
Additional informationNot specified
Contract type: Permanent
Job type: Full Time
Location: Nairobi
Area of work: Accounting, finance, banking, insurance
Seniority: Basic level (worker)

Job Requirements

Required education: Diploma, Associate's degree
Required relevant work experience: 12 months
Required skills: Budgeting, financial planning; Accounting; Auditing of accounts; Bookkeeping; Compliance; General ledger; Financial analytics and forecasting; CPA certification
Required languages: English (Spoken: fluent | Written: fluent)

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Cytonn

Real estate

Cytonn Investments is an investments and real estate company, with offices in Nairobi - Kenya and DC Metro area - U.S. We are primarily focused on offering alternative investment solutions to global institutional investors, individual high net-worth investors, local institutional investors and diaspora investors interested in the East-African region. Our alternative investments solutions are based on four main products: real estate, structured solutions, private equity and advisory. Most of the investment opportunities in Sub Saharan Africa are not in the listed markets, hence our focus on alternative investments to find uncommon value and returns for our clients.


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