Accountant

Maisha Meds is hiring! We’re looking for an Accountant with accounting experience and analytic skills to maintaining accurate financial records through bookkeeping, preparing management accounts.

About Maisha Meds

Maisha Meds is an organization dedicated to improving health care in Africa through best-in-class technology.

Founded in 2017, Maisha Meds has created the largest digital network of private pharmacies and clinics across Kenya, Tanzania, Uganda, Nigeria, and Zambia through our mobile software. Our platform not only helps these providers improve business by making sales, managing inventory, and tracking patients. It also reimburses them for providing high-quality care for malaria, family planning, and HIV prevention at discounted costs.

Maisha Meds logs millions of patient visits every year and has provided hundreds of thousands of reimbursements to date. We harness data from our network of pharmacies and clinics to reveal health and market trends, which allows us to design better solutions that work for the people we serve. We have worked with leading academic institutions such as UC Berkeley, Emory University, and KEMRI to evaluate the effectiveness of our programs. Research shows that our system is able to significantly increase the uptake of long-acting contraceptives and appropriate malaria case management.

Our work is funded by a range of partners including scale-up funding from USAID Development Innovation Ventures and the Bill & Melinda Gates Foundation. This will help Maisha Meds greatly expand its mobile software to 7,500 total pharmacies and clinics by late 2026, delivering subsidized care to nearly a million new patients in the process.

About the role

This role encompasses several key responsibilities. Firstly, you will handle bookkeeping duties for our Kenyan entity, which involve recording financial transactions and maintaining accurate ledgers in the accounting system. Secondly, you will prepare management accounts, which provide timely financial information for decision-making by management. Lastly, you will reconcile the chart of accounts, ensuring that all accounts are balanced and accurate.

It is a three-month short-term role that may lead to a longer-term position contingent upon funding availability.

This role is based in Kenya with frequent travel to Kisumu. You will report to the Finance Manager.

The start date is 7th October 2024, and compensation is commensurate with experience.

Responsibilities

• Weekly Imprest Processing

• Process imprest requests on a weekly basis
• Review and ensure accuracy in imprest accounting.
• Reconcile imprest balances on the accounting system and Pipefy weekly

• Payment processing after obtaining appropriate authorisation, preparation and filing of requests for payment and supporting documents;;
• Prepare documentation and assist in the audit process to ensure compliance with internal and external audit requirements.;
• Issuing purchase orders to suppliers once duly authorized by the COO, Team Lead or Finance Manager.
• Banking duties as assigned
• Reconcile stock records for accurate inventory tracking;
• Daily data entry into the accounting system to enable weekly checks on figures;
• Monthly reconciliations of balance sheet items
• General Ledger Management: maintain and reconcile general ledger accounts and ensure the integrity of financial data
• Preparation of monthly management reports (frequency as agreed with top management) including a budget variance analysis, profit/loss projections to the end of the financial year.
• POS invoicing and reconciliation
• Raise quotes and invoices weekly
• Receive payments in the accounting system.
• Reconcile POS sales and customer balances.
• Oversee timely and accurate month-end and year-end closing processes.
• Assist in developing annual budgets and financial forecasts, deep-dive into specific line items of the previous year to inform decisions on budget preparation of the current year.

Qualifications

1. Academic qualifications: Degree in Bachelor of Commerce
2. Certification: Accounting Certification e.g. CPA / ACCA
3. Experience: 3 years experience in accounting
4. Skills: Proficiency in accounting software, Microsoft Excel, strong analytical skills, attention to detail, and knowledge of financial regulations and standards (IFRS)
5. Mindsets:
   1. A team player who loves working collaboratively
   2. A sense of optimism, flexibility, and adaptability to any situation
   3. An ability to thrive in ambiguous situations due to your resilience and tenacity
   4. A growth mindset and a deep enthusiasm for learning, feedback, and continuous improvement
   5. A blend of passion, humility, patience, and a good sense of humor
   6. A tendency to roll up your sleeves in order to move projects forward

Why You Should Join Us

• On a roll: We are doubling year-over-year with new funding partnerships that are boosting expansion in multiple countries
• Great team: We are founded, managed, and backed by successful veterans of Stanford School of Medicine, Google, mPharma, and I&M bank. We have technologists, doctors, and economists working side by side to solve difficult problems.
• Great funders: We’re supported by the Bill & Melinda Gates Foundation, USAID Development Innovation Ventures, CIFF, WHO FIND, and Pfizer to pay for healthcare on behalf of patients, with others to be announced soon.
• Huge market: We are disrupting a massive, growing $50+ billion market for healthcare payments for low-income patients, with a focus on paying for health outcomes to ensure patients get the best quality care.
• Great customers: We create financial incentives that ensure our health care providers deliver excellent care.
• Impact: We have cultivated a fun and exciting start-up culture that empowers its talented staff to make a huge impact.