Finance Associate

Job Level : JL3

Job Title : Finance Associate

Years of Experience : 2+

Reporting to : Head of Finance

About Ilara Health

At Ilara Health we are building a network of technology-enabled primary healthcare clinics (PHCs) delivering affordable, quality healthcare to Africas under-served communities by partnering with local providers across the continent. Founded by entrepreneurs passionate about the role technology can play in improving health outcomes, Ilara Health helps over 2,000 clinics spread across Kenya to deliver care to over 3 million patients each year. Ilara Health is a venture-backed company on an aggressive growth path and this is an opportunity to get into an exciting, early stage startup that is bound to make an impact on healthcare outcomes in Africa.

Ilara Health brings together individuals from diverse backgrounds, and we are seeking team members who share our passion for primary healthcare, embrace bold questioning, and thrive on creating impactful solutions using technology. We are committed to building a network of primary healthcare clinics (PHCs) that provide affordable, high-quality care to low and middle-income demographics in Africa. Guided by our core values, we shape our culture and actions to reflect our mission. 'Get it done' reflects our dedication to excellence and delivering results for our clients. 'Growth is life' signifies our holistic approach to growth, embracing trial and error in our pursuit of excellence. 'Remember why we exist' anchors our focus on customers' needs, while 'Heart of a champion' propels us to go the extra mile. Our passion for 'Do it better' fuels innovation and learning, driving our commitment to improve healthcare access in Africa.

The Role

The Finance Associate will work under the Head of Finance to support the Finance and Accounting function in day-to-day operations as well as maintain order and transparency for the companys finances. This will be a permanent role that will involve accounting, reporting as well as ensuring adherence to internal controls and statutory compliance.The ideal candidate should be well versed in financial principles and able to work comfortably with numbers and great attention to detail.

Responsibilities :

• Inspect, verify, and reconcile accounts payables records and its balances.
• Analyze and prepare weekly accounts payables reconciliation reports for each of our payment channels.
• Prepare monthly bank reconciliation reports.
• Preparation of assigned balance sheet schedules and assist in balancing general ledger accounts.
• Prepare adequate accruals for all unpaid invoices of a particular month and make releases once payment has been effected. All accruals should be reconciled to the general ledger on a monthly basis.
• Regular issuing of updated monthly statements to vendors by the 3rd of the subsequent month.
• Preparing payment vouchers to ensure proper documentation and recording to the accounting system on a daily basis.
• Ensuring efficient, timely and accurate recording of payments and tracking of accounts payable.
• Preparing and processing bank payments and reconciliation of banking activities.
• Work with internal teams to verify and clarify invoice and payment related queries.
• Ensure compliance with company policies, procedures, and financial controls.
• Support month-end closing procedures by passing necessary entries.
• Assist with audit related duties.
• Support month-end closing procedures by passsing necessary entries.
• Support with any other tasks as assigned by the management

Assist with audit related duties.

Requirements

Knowledge of IFRS and Kenyan tax legislation.

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