Accounting Assistant, Standard Distributors Ltd

Job Summary: Support the Finance department through the preparation of various financial records and the monitoring of various financials in the Company.

Job Description:

• Prepare bank reconciliations.
• Verify the accuracy and approval of payment vouchers.
• Reconcile inter-company balances and follow-up discrepancies.
• Prepare VAT returns on a timely basis.
• Data entry of vendor and supplier bills.
• Follow up on overdue accounts receivables.
• Prepare journals to reconcile clearing accounts of all branches on a monthly basis.
• Apply foreign creditors’ payments to related invoices.
• Check inventory adjustment edit list.
• Liaise with internal and external auditors and assist with coordination of audits.
• Take part in annual stock-taking exercise.
• Close off month end process.

Processing and Recording Financial Transactions (Level 1)

• Processing financial transactions to ensure the effective recording and tracking of revenues and expenditures.

Demonstrates introductory understanding, directing people to the appropriate source for further information.

• Explains basic accounting principles and concepts, (e.g. financial statement components and purpose,
• General Ledger, and GAAP).
• Describes the internal control methodologies, processes and frameworks.
• Conducts basic financial transactions (e.g., processing ledger entries, account receivable).
• Uses standard accounting software and packages.

Accounting and Reporting (Level 2)

• Applying an understanding of accounting and reporting concepts and methodologies.

Applies the competency in common situations that present limited difficulties, working with a moderate level of guidance.

• Conducts straight-forward account reconciliations.
• Applies aspects of policies and procedures, with guidance, in straightforward situations.
• Monitors financials for trends, variances and unusual discrepancies.
• Assists work unit to implement internal control frameworks.
• Comply with Group’s processes and policies as set out and stated in the ANSA McAL Blue Book.
• Any other duties which may be assigned.
• Prepares straightforward financial statements and reconciliation documents.

Reconciliation and Analysis (Level 1)

• Reconciling and analysing financial information to inform decision-making in the organization.

Demonstrates introductory understanding, directing people to the appropriate source for further information.

• Explains the importance of accurate financial information and the role that basic account information plays in decision-making.
• Performs basic G/L account reconciliations.
• Identifies reconciling items.
• Recommends basic improvements to prevent errors and unreconciled accounts.

Qualifications and Experience:

• Pursuing Level 1 / 2 ACCA
• Minimum two (2) years in a retail / sales environment