The Financial Accountant is responsible for applying accounting principles and procedures to analyze financial information, prepare accurate and timely financial reports and statements and ensuring appropriate accounting control procedures.
Position Title: Accountant
Reports to: Chief Financial Officer
Unit: Finance & Accounts
Sub-Unit: Finance & Accounts
Job Summary
The Financial Accountant is responsible for applying accounting principles and procedures to analyze financial information, prepare accurate and timely financial reports and statements and ensuring appropriate accounting control procedures. This individual is also responsible for coordinating planning for interim and year-end audits, and audits with internal auditors.
Principal Responsibilities
- Manage the day-to-day operations of the relevant reporting designations within the Finance Department.
- Prepare monthly management accounts and other financial reports in accordance to company policies and procedures and IRFS.
- Prepare Quarterly Consolidation Packages and other financial reports for Head Office.
- Prepare information required on CFO & MD reports.
- Prepare monthly reports related to all financial activities as requested by the management team.
- Ensure accurate flash and deliver flash financial performance as required with supporting explanations.
- Assist in the development of the annual corporate plan as requested.
- Evaluate and recommend changes in the accounting procedures to ensure accurate, timely and complete records aligned to CLIENT’s Policies and IFRS.
- Ensure accurate cash management by efficient treasury management and the preparation of rolling operational cash flow statements.
- Assist in the monitoring and management of the financial controls in the stock taking process.
- Ensures full compliance with the CLIENT’s Accounting Policies and procedures and IFRS.
- Management, preparation, and control of all aspects of tax management.
- Ensure all statutory taxes are paid as the law permits on a timely basis.
- Ensure Accurate Tax calculations and entries to GL.
- Prepare all statutory request for government agencies and other statistical authorities.
- Facilitate both Internal & annual External Audit.
- Ensure the proper care, control, and custody of physical cash.
- Ensure efficient controls over all payment transactions.
- Liaise and provide support for key stakeholders in the Business.
- Perform all duties in accordance with procedures per ISO9001 standards and the Company’s Quality Systems Manual.
- Participate in Training and Development activities as required.
- Maintain, support, and promote a safe work environment while complying with all the Company’s safety rules, policies, and procedures.
- Set Performance Standards, monitor performance and conduct performance assessments for direct reports.
- Create and manage an auditable system which preserve all physical financial records as required by statute.
- Manage credit risk through prudent decision making over the approval process and ensure all overdue amounts are followed-up to minimize bad debts.
- Ensure all vendors’ accounts are reconciled monthly and no overdue amount is greater than terms.
- Liaise with Bank to supply forex needs and coordinate all foreign transactions efficiently.
- Process Journal entries for management payroll.
- Conduct any other related duties that may be assigned by the Chief Financial Officer or Management.
- Compliance with all CLIENT’s Policies.
Qualifications
(1) Qualified professional in ACCA / CIMA / CMA or equivalent
Experience
(1) At least 3 years post graduate experience in accounting
(2) Sound knowledge of local and international accounting standards
(3) Experience in using computerized accounting packages
Or any equivalent combination of qualification and experience
Knowledge, Skills & Abilities
(1) Excellent interpersonal and communication skill
(2) Ability to work as part of a team to accomplish departmental goals
(3) Motivated, flexible and ability to use own initiative
(4) Effective time management skills
(5) Must possess high degree of professionalism and integrity