Investment Accountant

Job Summary

The Investment Accountant supports the effective management of FSDAi’s group-level investment accounting and financial reporting processes, ensuring that investment transactions, valuations and income are accurately recorded in line with IFRS and organisational policies. The role provides timely, accurate and reliable financial information to support portfolio monitoring and management decision-making; ensures proper recording, reconciliation and analysis of investment balances; and contributes to high-quality consolidated reporting in a growing investment portfolio. Working under the guidance of the Manager, Treasury and Investment Accounting, the role provides finance input across the investment lifecycle while contributing to efficient investment accounting operations and strong financial controls.

Job Details

Reports directly to - Manager, Treasury and Investment Accounting

Reports indirectly to - Lead, Finance

Contract Type - Full-time

KEY RESPONSIBILITIES AND ROLE REQUIREMENTS

1. Investment Accounting & Financial Reporting

Support accurate portfolio accounting and group financial reporting for investments, including fair value measurement, income recognition, FX impacts, and audit-ready disclosures in line with IFRS.

• Ensure accurate and timely recording of all investment transactions, maintaining up-to-date accounting records for the investment portfolio.
• Maintain investment accounting in line with IFRS requirements, including fair value measurement, income recognition and foreign exchange translation impacts, ensuring compliance in reporting outputs.
• Prepare and support consolidated financial reporting outputs (monthly, quarterly and year-end), including portfolio performance, valuation movements and P&L analysis, providing clear, decision-useful insights for stakeholders.
• Support preparation of group management accounts and statutory financial statements relating to FSDAI investments, ensuring alignment with group reporting requirements.
• Work with auditors to provide investment-related schedules, disclosures and supporting documentation, and respond to queries on valuations and accounting treatments, ensuring audit readiness and timely resolution of issues.
• Maintain clear and consistent documentation of accounting treatments, assumptions and key judgements, ensuring transparency and traceability of financial informatio

2. Portfolio Monitoring & Analysis

Support post-investment monitoring through analysis of investee performance, impairment/ECL assessments, and delivery of timely, insight-driven portfolio reporting.

• Monitor investee financial performance and key metrics, identifying trends, variances and areas of concern, to support timely and informed portfolio oversight.
• Review financial information received from investees, ensuring reliability and alignment with reporting requirements.
• Analyse portfolio performance and support preparation of internal portfolio reports and management updates, providing clear, insight-driven outputs for decision-making.
• Support impairment assessments and expected credit loss (ECL) analysis where applicable, ensuring alignment with relevant accounting standards, to support accurate valuation and risk recognition.
• Work closely with the portfolio team to ensure financial performance and valuation assumptions are appropriately reflected in reporting, supporting consistency and integrity of portfolio information.
• Highlight emerging risks or performance issues, enabling proactive portfolio management and timely intervention.

3. Pre-Investment Finance Support

Ensure relevant finance inputs are provided during the investment process, supporting accurate structuring, analysis and decision-making for new investments.

• Provide finance input into proposed investment structures, including accounting treatment, classification of instruments and related implications.
• Review financial models and key assumptions to ensure consistency, accuracy and alignment with underlying investment terms.
• Identify and highlight key financial considerations, including tax implications, foreign exchange exposure and treasury impacts.
• Support preparation of financial inputs into Investment Committee (IC) materials, ensuring accuracy and completeness of information presented.
• Work with the investment team to ensure key financial assumptions and structuring considerations are appropriately reflected in analysis and reporting.

4. Investment Operations, Controls & Compliance

Ensure investment transactions, documentation and related processes are managed in a controlled, compliant and audit-ready manner, supporting strong financial governance across the investment portfolio.

• Ensure all investment transactions are processed in line with internal policies, approvals and supporting documentation requirements.
• Maintain complete, accurate and well-organised investment records to support reporting, review and audit processes.
• Liaise with banks, custodians and other counterparties to confirm transaction details and resolve discrepancies where necessary.
• Monitor key investment events, including disbursements, income receipts and maturities, ensuring timely and accurate processing.
• Support audit processes by preparing required schedules, documentation and explanations, and responding to queries in a timely manner.
• Identify control gaps or process inefficiencies and escalate issues, supporting continuous improvement of investment accounting and operational processes.

Carry out any other duties or special assignments as assigned by Management.

COMPETENCIES
Competencies describe the key behaviours that drive success in all of FSD Africa’s roles, regardless of technical specialism. They have been derived from systematic research correlating performance with personal attributes. 

Competency Levels 

• Level 1: Basic
• Level 2: Foundation   
• Level 3: Specialist
• Level 4: Senior Specialist      
• Level 5: Leading Expert          
• Level 6: Executive

This position requires competency at Foundation  Level for all the competencies listed below:

ESSENTIAL FOUNDATIONS
Commitment & Alignment
Demonstrates commitment to serving our partners and alignment with the values and vision of FSD Africa
Change & Challenge
Has a strong sense of ownership that leads to learning, self-starting, taking initiative, driving change and leading development
 

ACHIEVEMENT COMPETENCIES
Situational Awareness & Thinking
Thinks clearly and intentionally, analysing information objectively, understanding issues, solving problems, and making decisions
Drive for results
Is keenly motivated to achieve goals & act with accountability to deliver quality results
 

PEOPLE COMPETENCIES
Relationships & Collaboration
Discerns and appreciates the values, viewpoints, or abilities of others; effectively reconciles different interests and displays emotional intelligence
Communication & Influencing
Deliberately adjusts behaviour to accommodate others; communicates clearly, confidently, and appropriately to influence others
 

Requirements

PERSON SPECIFICATIONS

Qualifications and Education

• Minimum Bachelors Degree and 2 year of experience or Higher Diploma with 3 years of  experience.
• Professional accounting qualification (ACCA, CPA or equivalent), completed or in advanced stages.

Essential Experience, Knowledge, and Skills

• At least 2 years of relevant experience in investment accounting, financial reporting, or audit.
• Strong working knowledge of IFRS, particularly in relation to financial instruments and fair value measurement.
• Understanding of investment accounting concepts, including valuation, income recognition and portfolio reporting.
• Good understanding of tax implications in investment structures and cross-border transactions.
• Strong analytical skills with the ability to interpret financial performance, valuation movements and key trends.
• Experience with accounting systems and strong proficiency in Excel and ERP systems (e.g., Microsoft Dynamics or similar).
• Demonstrated ability to produce accurate work with attention to detail and strong data integrity.
• Strong organisational skills with the ability to manage multiple priorities and meet deadlines.
• Good communication and stakeholder management skills, with the ability to present financial information clearly.

Desirable

• Experience in Development Finance, Private Equity, Fund Management, or a similar investment environment.
• Practical exposure to IFRS 9 and IFRS 13.
• Working knowledge of taxation in an investment context (e.g., withholding tax, cross-border considerations).
• Experience working in multi-country or multicultural environments.
   

Commitment to Equity, Diversity, and Inclusivity: 

FSDAi is committed to building a diverse organization and a climate of equity and inclusivity.  We strongly encourage applications from candidates who can demonstrate that they can contribute to this goal.

Equal Opportunity Employer: 

We are an equal opportunity employer and value diversity. We do not discriminate based on race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, or disability status. We will ensure that all applicants are provided a fair chance to compete for available job opportunities.

About Company

FSD Africa

https://fsdafrica.org/

FSD Africa is a specialist development agency working to help make finance work for Africa’s future. Based in Nairobi, FSD Africa’s team of financial sector experts work alongside governments, business leaders, regulators, and policymakers to design and build ambitious programmes that make financial markets work better for everyone. FSD Africa Investments, provides early-stage, risk-bearing, catalytic and patient capital to inventive commercial organisations in order to stimulate capital flows in support of green economic growth benefiting people and planet. Established in 2012, FSD Africa is incorporated as a non-profit company limited by guarantee in Kenya. It is funded by UK aid from the UK government.