Accounting Associate I

The Accounting Associate I takes part in preparing timely and accurate financial statements and reviewing general ledger transactions and events. Articulates an understanding of procedures and workflow of the department and clients.

Key Accountabilities

• Record financial business transactions (e.g., disbursements, expense vouchers, receipts, sales invoices), into clients’ and Aegis’ accounting software.
• Calculate depreciation, update fixed asset register, and enter values into accounting software.
• Recommend and data enter adjusting and estimate journals (including accruals and prepayments). Maintain journal file.
• Reconcile all trial balance accounts (deemed necessary) and investigate and resolve discrepancies.
•  Prepare VAT and Tax computations and prepare Returns with a medium degree of complexity and complete supporting schedules. Has the ability to explain basis of calculation.
• Prepare and design schedules and reports to clients’ and or department’s specifications.
• Prepare Working Paper File (WPF), Management Accounts (MA) Statutory Accounts (SA) and referencing of WPF, MA and SA (both in soft and hard format).
• Assist with preparation of audit working paper file and attend to auditors’ requirements and recommending solutions to discrepancies.
• Draft Financial Statements in accordance with International Financial Reporting Standards (IFRS) and International Financial Reporting Standards for Small and Medium Enterprise (IFRS for SMEs).
• File (in CCH and clients’ files), copy, fax and mail correspondences.
• Create and maintain permanent files, process flow and procedure document for all assignments.
• Review, coach and identify correction of coding and data entry including narrative entered by Trainees, Associate 3 and 4. Document and file coaching notes and responses in clients’ files.
• Develop a good understanding of the organisation’s policies, procedures, forms and relevant accounting software.