Accountant / Team Lead (Mayaro)

Accountant / Team Lead must reside in close proximity to the Credit Union based in Mayaro

ACCOUNTANT / TEAM LEAD

INDUSTRY: CREDIT UNION

SALARY: (NEGOTIABLE)

LOCATION: MAYARO

The Accountant is responsible for the providing financial oversight, transaction processing and financial reporting within the organization. This officer is also responsible for overseeing the activities of the accounting department and ensuing that all activities within the department is consistent with GEACU Compliance Policies and accounting standards. The Accountant is responsible for lending support to the Manager in monitoring the financial health of the business and making recommendations to manage same.

QUALIFICATIONS, EXPERIENCE & CRITICAL SKILLS/ABILITIES

• ACCA Certification 
• At least 5 years of experience in a similar position
• Experience in a management role will be an asset
• Proficient in Microsoft Office, especially Excel
• Extensive knowledge of bookkeeping principles, accounting software, and regulations in Trinidad and Tobago

ROLES AND RESPONSIBILITIES

Supervise accounting staff

• Provide supervision and guidance for accounting staff in delivering on organizational objectives
• Review work processed by department prior to submission to Manager for final approval
• Review Supervisory Committee reports and take corrective measures to close out on errors within the department in a timely manner and provide feedback to committee where applicable.

 Financial Reporting

• Prepare monthly financial statements indicating actual position against budget, in keeping with industry’s standards and best practice
• Prepare investment performance report, highlighting gains and losses on a monthly basis for review by Investment Committee

 Quality Assurance and Compliance

• Ensure that all activities conducted within department complies with GEACU Compliance Policies & Procedures and with legal standards
• Monitor bank transactions and report to Compliance Officer immediately any transactions that may be deemed suspicious or falls above approved threshold

 Treasury Management and Bank Reconciliation

• Monitor bank balances and manage excess or insufficient funds in bank account
• Reconciliation of bank accounts
• Reconciliation of links payments

 Transaction processing

• Review and approval of Members Journals and General Ledger Entries done by accounting department
• Process approved internal transactions

 Procurement

• Assist in the procurement of items for GEACU operations using approved procurement policies.

 Payroll Administration

• Process staff salaries, allowances and statutory deductions
• Process Officers stipend and allowances

 Account Payables and cheque writing

• Process and remit payments to suppliers, GEACU partner agencies (including UTC and CUNA) and contractors
• Preparation of cheques to members for transactions conducted
• Manage petty cash float in organization and cash payments & reimbursements
• Disburse approved payments to suppliers, members and contractors in a timely manner
• Utilize available payment methods for processing of transactions including ACH payment processing

 Processing of standing order and member payroll deductions

• Oversee the processing of payments to members accounts including standing order processing, company payroll deductions and deposits to bank account

 Audits and Supervisory Committee reviews

• Ensure that all documents for Auditors are forwarded for timely auditing.
• Process post audit journals as recommended by auditors
• Review Supervisory Committee reports and take corrective measures to close out on errors within the department in a timely manner and provide feedback to committee where applicable.

 Record Keeping Document Administration

• Ensure that all financial documents are securely filed and retained for a period of 6 years in keeping with document retention standards
• Ensure that all financial documents are filed in an orderly manner for easy retrieval and auditing

 Customer Satisfaction

• Manage member queries and provide feedback to members in a timely manner

 Human Resource Management

• Plan, in collaboration with Manager and other Team Leads the following:

▪ Vacation Schedule

▪ replacement during employee leave

▪ Employee Training

▪ Team builders

▪ Coaching sessions

• Set annual performance objectives for department and complete performance reviews for direct reports.

 Assist management in the execution of special projects

Other duties as assigned by Manager from time to time