Background

The Public Sector Accounting Standards Board (PSASB), is a semi-autonomous State Agency established by the Public Finance Management (PFM) Act No.18 of 2012. The Board is mandated to provide frameworks and set standards for the development and management of accounting, financial and internal audit systems for all state organs and public entities.

Job Purpose

Reporting to the Chief Executive Officer, the purpose of this job is to provide strategic leadership in the development, harmonization and oversight of public sector accounting and financial reporting standards by steering the setting of national accounting frameworks, guiding compliance and capacity building, advising on emerging issues and policy reforms, and strengthening transparency, accountability and consistency in financial reporting across all public sector entities.

Terms of Service:

5 Year Contract, Renewable Subject to Satisfactory Performance.

Duties and Responsibilities

• Oversee setting and review of generally accepted accounting and financial standards for all Public Sector Entities.
• Coordinate alignment of accounting and financial frameworks to the National policies.
• Oversee the process of prescribing the minimum standards of maintenance of proper books of accounts for all levels of Government.
• Oversee the process of developing templates and formats for financial statements and reporting by all State Organs in compliance with prescribed standards.
• Advise the Board on gazettement and the effective dates of implementation of Accounting Standards, Frameworks & Guidelines.
• Support in fostering partnerships and collaborations with local and international stakeholders such as The National Treasury Kenya, ICPAK, International Public Sector Accounting Standards Board International Accounting Standards Board and Pan African Federation of Accountants on development of International Public Sector Accounting Standards and International Financial Reporting Standards.
• Advice on best practices and emerging issues on development of National Policies relating to Accounting and Financial Reporting for all Public Sector Entities.
• Oversee the provision of technical guidance on transitioning to accrual accounting by all Public Sector Entities and monitor its implementation.
• Oversee the provision of responses to Exposure drafts issued by the International Public Sector Accounting Standards Board (IPSASB) and International Accounting Standards Board (IASB).
• Oversee the development of learning materials and lead in training and capacity building of accounting standards in compliance with the set frameworks, standards, & guidelines.
• Spearhead public participation in the development of guidelines and manuals.
• Oversee the development of an online repository of learning materials and publications for Accounting Standards.
• Coordinate performance management in the Directorate
• Oversee supervision, mentorship, and coaching of staff within the Directorate.
• Provide leadership on the day-to-day operations

Job Specification

Qualifications

• A cumulative period of fifteen (15) years relevant work experience, three (3) of which must have been in the grade of Deputy Director Accounting Standards and above or in an equivalent or comparable position;
• Bachelor’s degree in any of the following disciplines:- Finance, Accounting, or equivalent qualifications from a recognised and accredited institution;
• Master’s degree in any of the following disciplines: - Finance, Accounting, Business Administration, or its equivalent from a recognised and accredited institution;
• Hold a professional qualification such as CPA (K) or ACCA or any other relevant professional qualifications;
• Be a member of ICPAK in good standing or any other recognised professional body.
• Certification in IFRS and/or IPSAS.
• Certificate in leadership Course lasting not less than four (4) weeks from a recognised institution;
• Proficiency in Computer applications; and
• Shown merit and ability as reflected in work performance and results

Important Notice:

PSASB is an equal opportunity employer and does not charge any fee at any stage in the recruitment process.

It is a criminal offence to present fake certificates and documents.

Women, Youth, and Persons with Disabilities are encouraged to apply.

Only shortlisted candidates will be contacted.

Shortlisted candidates shall be required to meet the requirements of Chapter 6 of the Constitution of Kenya on leadership and integrity by submitting clearance certificates from the relevant institutions.

Canvassing will lead to automatic disqualification.

• Oversee setting and review of generally accepted accounting and financial standards for all Public Sector Entities.
• Coordinate alignment of accounting and financial frameworks to the National policies.
• Oversee the process of prescribing the minimum standards of maintenance of proper books of accounts for all levels of Government.
• Oversee the process of developing templates and formats for financial statements and reporting by all State Organs in compliance with prescribed standards.
• Advise the Board on gazettement and the effective dates of implementation of Accounting Standards, Frameworks & Guidelines.
• Support in fostering partnerships and collaborations with local and international stakeholders such as The National Treasury Kenya, ICPAK, International Public Sector Accounting Standards Board International Accounting Standards Board and Pan African Federation of Accountants on development of International Public Sector Accounting Standards and International Financial Reporting Standards.
• Advice on best practices and emerging issues on development of National Policies relating to Accounting and Financial Reporting for all Public Sector Entities.
• Oversee the provision of technical guidance on transitioning to accrual accounting by all Public Sector Entities and monitor its implementation.
• Oversee the provision of responses to Exposure drafts issued by the International Public Sector Accounting Standards Board (IPSASB) and International Accounting Standards Board (IASB).
• Oversee the development of learning materials and lead in training and capacity building of accounting standards in compliance with the set frameworks, standards, & guidelines.
• Spearhead public participation in the development of guidelines and manuals.
• Oversee the development of an online repository of learning materials and publications for Accounting Standards.
• Coordinate performance management in the Directorate
• Oversee supervision, mentorship, and coaching of staff within the Directorate.
• Provide leadership on the day-to-day operations

• Proficiency in Computer applications

• A cumulative period of fifteen (15) years relevant work experience, three (3) of which must have been in the grade of Deputy Director Accounting Standards and above or in an equivalent or comparable position;
• Bachelor’s degree in any of the following disciplines:- Finance, Accounting, or equivalent qualifications from a recognised and accredited institution;
• Master’s degree in any of the following disciplines: - Finance, Accounting, Business Administration, or its equivalent from a recognised and accredited institution;
• Hold a professional qualification such as CPA (K) or ACCA or any other relevant professional qualifications;
• Be a member of ICPAK in good standing or any other recognised professional body.
• Certification in IFRS and/or IPSAS.
• Certificate in leadership Course lasting not less than four (4) weeks from a recognised institution;
• Proficiency in Computer applications; and
• Shown merit and ability as reflected in work performance and results