Financial Reporting Specialist – Nairobi, Kenya | Public Sector Accounting Standards Board (PSASB)

Financial Reporting Specialist – Nairobi, Kenya

Job Summary

The Public Sector Accounting Standards Board (PSASB) is seeking a dedicated Financial Reporting Specialist to join our team in Nairobi, Kenya. As an integral part of our organization, you will contribute to enhancing transparency and effective sustainability reporting through technology and innovation. This role offers the opportunity to work in a dynamic environment focused on advancing financial reporting standards and governance in the public sector.

Key Responsibilities

• Develop and Manage Financial Reporting Standards: Implement and maintain frameworks for accounting and financial systems as mandated by the Public Financial Management (PFM) Act, 2012.
• Monitor Compliance: Oversee adherence to the standards by all state organs and public entities, ensuring consistent application of best practices in governance, internal controls, and risk management.
• Collaborate with Regulatory Partners: Work closely with entities such as the Institute of Certified Public Accountants of Kenya (ICPAK), Capital Markets Authority (CMA), Nairobi Securities Exchange (NSE), and the Retirement Benefits Authority (RBA) to promote excellence in financial reporting.
• Champion Effective Sustainability Reporting: Drive initiatives to incorporate sustainability reporting, leveraging technology and innovation to enhance transparency across the sector.
• Prepare and Submit Reports: Ensure timely and accurate submission of annual reports and audited financial statements to relevant stakeholders, including both hard and soft copy formats.

Qualifications and Skills

• Bachelor’s Degree in Finance, Accounting, or a Related Field: A relevant undergraduate degree is essential for this role.
• Certified Public Accountant (CPA) or Equivalent Certification: Professional certification is required, with a preference for candidates registered with ICPAK.
• Experience in Public Sector Financial Management: At least 5 years of experience in financial reporting, with a solid understanding of public sector accounting standards and regulations.
• Strong Analytical and Problem-Solving Skills: Demonstrated ability to interpret and analyze financial data, identify issues, and propose solutions.
• Proficiency in Financial Software and Reporting Tools: Knowledge of the latest financial software and tools to support accurate and efficient reporting.
• Excellent Communication and Interpersonal Skills: Ability to effectively collaborate with internal and external stakeholders.

Why Join PSASB?

• Impactful Work: Be at the forefront of shaping financial reporting standards and practices that enhance governance and transparency in Kenya’s public sector.
• Professional Development: Opportunities for continuous learning and professional growth through workshops, seminars, and training sessions.
• Collaborative Environment: Work with a team of seasoned professionals who are committed to upholding the highest standards of public sector accountability and financial management.

Application Process

Interested candidates should submit their applications, including a cover letter, a detailed CV, and copies of relevant certifications, to the following address:

Chief Executive Officer
Public Sector Accounting Standards Board
CPA Centre, 8th Floor, Thika Road, Ruaraka
P.O. Box 38831-00100, Nairobi, Kenya
Email: fireaward@psasb.go.ke or acctstandards@psasb.go.ke

Important Dates to Note

• Submission Deadline: Friday, 11th October 2024.
• Conference and Gala Dinner: Join us on the 3rd and 4th of December 2024 for the Excellence in Financial Reporting (FIRE) Award Conference and Gala Dinner.

About PSASB

The Public Sector Accounting Standards Board (PSASB), established under section 194 of the Public Financial Management Act, 2012, is responsible for setting generally accepted standards for the development and management of accounting and financial systems by all state organs and public entities in Kenya. The Board promotes best practices in governance, internal controls, and risk management, and partners with various regulatory bodies to uphold excellence in financial reporting.

Call for Entries: FIRE Award 2024

The PSASB, in collaboration with partners such as ICPAK, CMA, NSE, and RBA, invites all state organs and public sector entities to participate in the Financial Reporting Award (FIRE) 2024. This year’s theme, “Championing Effective Sustainability Reporting through Technology and Innovation to Enhance Transparency,” highlights our commitment to fostering transparency and innovation in public sector financial reporting.

Entities are encouraged to submit both hard and soft copies of their annual reports and audited financial statements for the 2022/2023 financial year. For submission details, please visit our website: www.psash.go.ke.

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PSASB is committed to diversity and inclusion. We encourage applications from all qualified individuals, regardless of race, gender, or background. We do not charge any application or recruitment fees, whether refundable or not.

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Apply Now and Join Us in Enhancing Transparency through Innovation!