Job vacancy Financial Accountant

Announced

22 March, 2024

Job Type

Employee

Job Status

Full Time

Job Title

Financial Accountant

Job Presentation

Job Title: Financial Accountant

Job Summary:

To develop and maintain accounting principles, practices and procedures.
To analyse financial information, prepare accurate and timely financial reports and statements and ensure appropriate accounting control procedures are implemented and enforced.
To diligently manage the Company’s liquidity position to ensure both local and foreign obligations are met.
To actively manage the Company’s Investment Portfolio in order to ensure the objectives of the portfolio are satisfactorily achieved.

Key Responsibilities:

Develop, analyse and interpret statistical and accounting information to appraise operating results and fiscal soundness of the company operations.
Prepare detailed reports on unaudited monthly financial statements for the company 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 company 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 company group 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, the TTSEC, 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 TTCD/TTSE procedures, rules and regulations

Authority Limits:

Sign letters and cheques

Performance Parameters:

Timeliness and accuracy of unaudited monthly management accounts and annual audited accounts.
Effective training of staff in the use of computer software accounting packages.
Initiative, problem solving, adaptability and willingness to participate in all aspects of the business and interest in self-development.
Preparation of strategic plans, management and Board reports and contribution to the Annual Reports

Value Added Performance and Teamwork:

Solves problems and changes procedures where necessary to improve efficiency.
Take responsibility for correcting customer service problems and correct these problems promptly.
Act quickly and decisively to resolve any departmental problems.
Assist in other areas of the organisation, by providing strong support to co-workers, and ensuring workgroup deadlines are met and contributing to a high level of morale.
Lead special projects and achieve completion on time and within budget.

Qualifications:

Five (5) years’ work experience in an accounting environment with at least three (3) years’ experience in a senior position
ACCA qualified
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)

Knowledge and Other Skill

Analytical and problem solving skills
Proficient in Microsoft Office Suite
Ability to multitask
High level of emotional intelligence/ability to interact professionally and productively with direct reports, other team members and external parties
Excellent written, oral communication and report writing skills.
Experience in the Financial services and/or Securities Industry will be an asset
Supervisory experience of an Accounting Team with minimum period of one year will be an asset

REF: JC

Valid Till

22 Jun, 2024 (54 days left)

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