The incumbent will play a pivotal role in the company’s financial operations, ensuring accuracy in accounting and compliance with the law.
S/he will manage all financial transactions – from fixed payments and variable expenses to bank deposits and budgets.
Ultimately, the incumbent is to provide Executive Management, with accurate quantitative information on the financial position, liquidity, and cash flows of the business, while ensuring compliance with all tax regulations.
Job Duties / Responsibilities
Work in tandem with all departments and relevant stakeholders, to prepare the yearly budget for the new business year
Monitor company expenditure- CAPEX and OPEX, against the yearly budget
Reconcile accounts payable and receivable, ensuring timely bank payments are made
Compute taxes and prepare tax returns promptly, and as scheduled.
Manage balance sheets and profit/loss statements
Report on the company’s financial health and liquidity, sending in quarterly financial reports to Executive Management
Reinforce financial data confidentiality and conduct database backups when necessary
Comply with corporate financial policies and regulations, ensuring business regulatory compliance
Gather financial data and ledgers, and consolidate and analyze financial statements and results
Develop and execute accounting policies and procedures, aligned with the company’s targets
Handle monthly, quarterly, and annual closings.
Oversee external and internal audits, and review payroll data.
Analyze the company’s finances, to determine/avoid/mitigate risks
Forecast potential revenue streams for the business
Review business plans from the production and sales departments, advising on and resolving cost-related issues
Review daily transactions, including accounts payable/receivable, general ledger and bank reconciliations
Organize financial data into useable information and maintain updated records
Track the progress of financial and accounting objectives
Professional Requirements
Bachelor’s Degree in Finance, Accounting or Economics
ICAN/ACCA required
Minimum 4 years relevant experience.
Preferably with at least a year in a supervisory/mid-level management position
Proficient use of MS Excel is required/ Advanced knowledge and experience with spreadsheets.
Key Competencies / Skills:
Experience with accounting software would be an added advantage
Excellent understanding of accounting rules and procedures, including the Generally Accepted Accounting Principles (GAAP)
