Financial Accountant

The Role will be responsible for developing and maintaining accounting principles, practices, and procedures. Analyze financial information, manage the Company’s liquidity to meet both local and foreign obligations and manage the Company’s Investment Portfolio.

Job Title:  Financial Accountant

Job Summary

We are seeking a meticulous and experienced professional to join our team as a Financial Accountant. The ideal candidate will be responsible for developing and maintaining accounting principles, practices, and procedures. You will analyze financial information, prepare accurate and timely financial reports and statements, and enforce appropriate accounting control procedures. Additionally, you will diligently manage the Company’s liquidity position to meet both local and foreign obligations. Furthermore, you will play a crucial role in actively managing the Company’s Investment Portfolio to ensure the objectives are satisfactorily achieved. If you have a strong background in accounting and finance coupled with exceptional analytical skills, we encourage you to apply for this position.

 Key Responsibilities

• Develop, analyse and interpret statistical and accounting information to appraise operating results and fiscal soundness of the organization operations.
• Prepare detailed reports on unaudited monthly financial statements for the organization and highlight discrepancies recommending corrective and/or preventative action necessary.
• Ensure the monthly, quarterly and annual Regulatory related obligations are performed and met in a timely and accurate manner.
• Provide timely and accurate analysis of budgets, financial trends and forecasts.
• Ensure that the organization is always tax compliant.
• Monitor the activities and performance of accounts receivable and payable function so as to ensure timely, efficient completion of management accounting and financial statements for audit.
• Responsible for the preparation of annual budgets.
• Manage the Company’s Investment Portfolio by actively seeking new investment opportunities and liaise with the Chief Executive Officer or any other relevant parties and the Board as required.
• Supervise, mentor and train the Accounts Officer to act as relief support in order to maintain continuity and efficiency of the Accounts Department, as required.
• Provide training on Accounting software as necessary to accounting personnel to ensure that the software is being used efficiently and that productivity levels are maintained.
• Ensure cash flow projections and investment schedules are prepared within set timeframes and are properly monitored so as to aid Management in the decision making process.
• Management of the Company’s insurance policies portfolio and liaise with relevant Insurance Brokers as required.
• Liaise with Financial Institutions on a weekly/biweekly basis to ensure that adequate foreign exchange is obtained to meet the Company’s foreign obligations.
• Diligently manage the liquidity position and operating cash flows to ensure that operational cash requirements of the Company are met.
• Liaise with Member Firm Community and Listed Companies to ensure all relevant fees are received on a timely basis.
• Facilitate the bi-annual internal and annual external audits.
• Coordinate with external auditors and ensure that statutory obligations are met for the organization’s Pension Plan.
• Performs Administrator duties as required on the Group Health and Life Plan.
• Monitor and oversee the implementation of strategic plans and special projects.
• Prepare monthly management and board reports.
• Liaise and prepare documents for the Audit Committee as required.
• Processing of monthly payroll, all related statutory deductions and preparation of annual TD4’s.
• Performs other related duties as maybe required from time to time

 Key Relationships / Reporting Structure

• Report to the Chief Executive Officer or person so designated to act in their absence.
• Interact with investors, Member Firms, statutory bodies, Commercial Banks, internal staff, Listed Companies.
• Interact with Regulatory bodies e.g. BIR as well as Internal and External Auditors.
• Supervises Accounts Officer

 Accountability

• Meet accounting financial objectives by forecasting requirements; preparing an annual budget; scheduling expenditures; analyzing variances; initiating corrective actions.
• Confirm financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; preparing special reports.
• Maintain accounting controls by establishing a chart of accounts; defining accounting policies and procedures.
• Guide other departments by researching and interpreting accounting policy; applying observations and recommendations to operational issues.
• Maintain financial security by establishing and maintaining internal controls.
• Avoid legal challenges by understanding current and proposed legislation; enforcing accounting regulations; recommending new procedures in accordance with accounting standards, procedures, rules and regulations.
• Compliance with organization’s procedures, rules and regulations

 Qualifications

• Five (5) years’ work experience in an accounting environment with at least three (3) years’ experience in a senior position
• ACCA/FCCA qualified - (mandatory)
• Pursuing a Master’s Degree in Business Administration, Finance or related field would be an asset
• Experience in the financial services and/or securities industry would be an asset.
• Working knowledge of Peachtree (Sage 50 Accounting Software)