Company Information:
Lipa Later is a risk free, point of sale credit option that allows retailers to sell goods and services in affordable monthly installments. Our mission is to be a financial partner that makes living more affordable, thereby enabling people to achieve their dreams.
To do this, we make use of financial inclusion and data-driven retail networks to increase the purchasing power of the 1-billion+ African consumers. The company is growing quickly, and as such, we are looking to recruit and onboard a team of industry leaders with the ambition and capacity to shape a bright future for the continent and determine the next frontiers of the retail and consumer market in Africa This position is based in Nairobi, Kenya.
Our Impact:
Success at Lipa Later means making life more affordable for our clients. Through joining our team, you will not only contribute towards the development of innovative products, but also play a crucial role in helping businesses, and individuals acquire the crucial items necessary to achieve their goals.
Our Team :
By joining our organization, you will have the opportunity to collaborate with, and learn from a diverse team of talented professionals
The role will include the following responsibilities:
Reporting to the Senior Accountant, the Junior Accountant will be responsible for providing financial, administrative and clerical support to the organization.
- Confirming and updating all payments received that relates to loan repayments, Investor contributions, and Clients Top Up contributions.
- Posting of payments to the Customer Relationship Management (CRM) system.
- Responding to any queries regarding loan repayments, Top Ups, or Clients’ contributions.
- Confirming loan details on the loan payment vouchers against entries in the loan management system.
- Preparing daily disbursements and collections reports. Collections reports include Partial Receipts, Drop Offs, Nil (Zero) receipted accounts, and Full Settlements.
- Filling and retrieval of all payment vouchers relating to loans and expenses.
- Weekly reconciliation of Petty cash transactions and posting entries in the accounting system.
- Fully support the senior Accountant during the reporting and consolidation process.
- Aid in ensuring the reliability and integrity of the accounting system reporting.
- Analysis of actual vs budgeted figures and query variances.
- Working closely with auditors and ensuring this is done on a timely basis.
- Documenting procedures and maintain a strong internal control environment.
- Ad-hoc tasks required by the finance team (e.g. tax preparation).
Experience, Skills and Qualifications Required:
- At least 2 years’ experience in a similar position
- Hands-on experience working with general ledgers
- Proficiency in SAGE accounting software
- Excellent organizing abilities
- Great attention to detail
- Good with numbers and figures and an analytical acumen
- Good understanding of accounting and financial reporting principles and practices esp. IFRS/IAS and Kenyan GAAP
- Excellent knowledge of MS Office and familiarity with relevant accounting software
- Bachelor’s Degrees in the following subjects- Accounting or Finance
- Qualifications (e.g. CPA, ACCA, or CIMA) are required.
If interested, kindly send your CV to careers@lipalater.co.ke with the subject line ‘’Junior Accountant’’