Financial Accountant

Financial Accountant

Job Title: 

 Financial Accountant

Reports to:

Financial Controller, Finance Director

Subordinates: 

Assitant Accountant, Accounting Assistant, Accounts Clerk, Payroll Supervisor, Assistant Payroll Supervisor, Payroll Clerk Data Processing Clerks

Other Reporting Lines: 

 None

Date/Version: 

 May 2024

Job Summary: Ensure proper Accounting records are maintained for the Company in accordance with the established Policy and Procedures and Accounting Principles in order for the Financial Records to report a true and fair picture of the financial position of the Company ensuring financial accounts and statements for the Company are prepared in accordance to the International Accounting Standards.

Key Responsibilities and Duties:

• To manage the Payroll function of the Company in accordance with the established policy and procedures, union’s collective agreements as well as government regulatory and statutory requirements.
• Monitoring the financial performance of the organization and providing comprehensive reports and analysis to support decision making.
• To develop and implement controls and procedures that enables timely and accurate processing, analysis and reporting.
• Developing and mentoring associates by working with the team to set performance objectives/goals, sharing knowledge to stretch their skill sets and delegating assignments appropriately to broaden their experience.

• Cash Flow Forecasting and Cash Flow Management.
• Ensuring adequate amount of Foreign Exchange at hand and that all exchange gains/losses are accurately accounted for.
• Preparation of specific Head Office (Neal and Massy Ltd) Financial Reports and uploading to Oracle as needed
• Managing the General Ledger process ensuring all financial reporting deadlines are met daily.
• Managing the Payroll function of the company ensuring all deadlines are met daily.
• Managing the Finance Department‘s Data Processing function.
• Ensuring accurate processing of all accounting data on a timely basis.
• Ensuring Government/Regulatory Reports are prepared on a timely basis.
• Ensuring Corporation Tax and Green Fund Levy are accurately calculated and payments are made to the Board of Inland Revenue on a monthly basis.
• Ensuring VAT is calculated according to the VAT act and paid to the Board of Inland Revenue.
• Ensures compliance with all legal and statutory requirements.
• Ensuring all stores stock is accounted for accurately in the General Ledger monthly.
• Ensuring accurate Shrinkage/Overages calculations.
• Ensuring accurate calculation of Store Incentives and processing of payment to associates.
• Ensuring Management Accounts are prepared and distributed on a monthly basis.
• Assisting associates with reporting queries.
• Liaising with Banks.
• Planning and executing relevant activities relating to the Annual Statutory.
• Audit and working with the External Auditors to ensure Final Accounts and Audited Statements are prepared in a timely manner.
• Yearly preparation of schedules/reports for External Auditors, Budgets and Tax Computations.
• Creating and amending General Ledger Database and Financial Reports in FMS ensuring accurate supporting records are maintained.
• Ensuring specific General Ledger accounts, including all bank accounts are analyzed/ reconciled.
• Providing analytical and technical assistance to all members of the Finance Unit.
• Coaching, mentoring and motivating junior associates.
• Evaluating associates and setting goals to broaden their experience.
• Archiving of documents.
• Maintenance of confidentiality at all times.
• To adhere to all of Company’s Policies and Procedures including Health, Safety, Security and Environmental Policies.
  • Promotes and practices the TDL Retail Customer Service Philosophy with enthusiasm and passion, at all times.   
  • Adhering to all Health, Safety, Security and Sanitation practices set by the company.
  • Undertakes any other job related tasks requested by the Director/Manager/Supervisor

Requirements - Education, Work and Cognitive Skills:

• ACCA or equivalent qualification
• At least five (5) years work experience in the Accounting field
• Minimum three (3) years experience in a Supervisory position
• Proficient in the use of Microsoft Suite and working knowledge of a computerized financial application

Required Attitudes and Skills:

• Produces results. Directs action toward achieving goals that are critical to department’s success.

• Excellent planning and organizing skills. Seek new initiatives and effectively executes projects. Manages multiple priorities and consistently maintains a neat and well organized work environment.

• Excellent Time Management. Must be able to meet stringent deadlines.
• Quality of Work. Meets the established standards of accuracy.
• Communicates effectively. Shares information and encourages candid and open dialogue.
• Leadership skills. Leads by example. Mentors junior associates.
• Passion for customers and excellent customer talents. Works to exceed expectations of customers externally and internally. Takes immediate action to resolve customers' problems.
• Builds relationships. Fostering teamwork. Works collaboratively within and across business unit and organizational boundaries
• Pleasant personality. Proactive, listens, enjoys helping customers.
• Team Player

NOTE: This job description is not intended, and should not be constructed to be an all inclusive list of responsibilities, skills, efforts or working conditions associated with the job. While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add or remove duties as necessary.