Financial Accountant

We are seeking a highly skilled and detail-oriented Financial Accountant to join our finance team. The Financial Accountant will be responsible for managing and ensuring the accuracy and integrity of our financial records and reports. The ideal candidate will have a strong background in accounting principles, financial analysis, and financial reporting. This position requires meticulous attention to detail, exceptional analytical skills, and the ability to work collaboratively in a fast-paced environment.

Key Responsibilities

Reporting & Transaction processing

o Apply accounting principles and practices to a variety of responsible accounting, budgeting, cost accounting, and/or other fiscal functions.

o Handle financial statement preparation and other report reconciliation (vendors and customers reconciliation etc.) requiring interpretation and analysis

o Jointly develop and implement control systems for determining costs and the distribution of costs; working with administrators to develop, operate and evaluate accounting systems

o Examine a variety of accounting documents to verify conformance to pertinent policies, procedures and accounting standards

o Ensure timely payment / follow up of account receivables and timely payment to

authorized vendors and expenses in line with agreed payment terms/SLA

Compliance

o Understand the relevant tax provisions, be able to prepare relevant tax and pension schedules for monthly filing and remittance and ensure compliance with relevant tax legislatures (including prompt returns and tax filing), accounting standards, and best practices

o Ensure that compliance is achieved in terms of timelines and flag cases or incidents where such tendencies are about to crystallize.

o Liaise with appointed tax consultant, auditors etc. to ensure that statutory compliance is achieved.

Communication

o Express ideas clearly and concisely in writing and verbally

o Keeps his/her manager informed about progress and problems; avoids surprises and

ensures that regular, consistent communication takes place

o Create detailed and easily understandable presentations and necessary financial report for varied purposes

Responsibilities

General

Participate in the preparation of the monthly, quarterly, and annual financial reports as well as financial audits

Ensure that the financial statements are prepared in line with the relevant generally accepted accounting principles

Implement the documented system of accounting policies and procedures

Ensure proper authorization of payments and that expenses are sent for approvals before payment is been made

Ensure prompt posting of all transactions on the accounting software

Establish well-documented systems for recordkeeping and accounting

Prepare the GL accounts and perform month-end and year-end close processes

Assist in budget preparation, review financial variances and analyse financial data

Prepare audit lead schedules for the external audit exercise

Provide support to the statutory auditors and ensure that the audit is completed within the stipulated timeframe

Administer month and year-end close processes

Maintain confidentiality of information

Account Payable & Other Liabilities

Prepare monthly reconciliation of all payable accounts statement of accounts with MNOs

Prepare and monitor the monthly ageing analysis/schedule of payables and accrual accounts on a weekly/monthly basis

Ensure proper provision is made for all accrued expenses, other payables, etc.

Correspond with vendors and respond to inquiries

Assist with the preparation of the monthly payables reconciliation

Account Receivable

Generate invoices for each business request from customers

Prepare monthly reconciliation of all receivable accounts

Prepare and review the amortization schedule for prepayment accounts monthly

Prepare relevant supporting documents for management accounting and audit purposes

Tax Management & Compliance

Prepare the monthly PAYE, VAT, WHT, pension, etc. schedule for filing and remittance

monthly and in line with regulatory compliance timeline

Assist with other regulatory compliance documents

Ensure compliance with regulatory bodies, accounting standards, and best practices

Ensure compliance with relevant tax legislatures including prompt returns and tax filing

Payment Processing

Ensure that only authorised payment for employees and other approved recipients are

processed for payment

Follow through on processed payments and ensure prompt payment by the responsible officers in line with agreed payment terms

Ensure daily reconciliation of the processed payment by verifying entries and comparing system reports to balances

Propose continuous improvement of the payment process

Ensure timely payment of account receivables and timely payment to authorised vendors in line with agreed payment terms

Monitor and manage the daily cash and bank balances

Prepare the monthly bank reconciliation statements

Report on idle funds and ensure the optimal investment of such within the shortest possible time

Maintain a good working relationship with partner banks and financial institutions

Petty and General Cash Management

Prepare reimbursement claims weekly and maintain the petty cash float

Prepare and maintain filing of various documents

Perform the tasks of making confirmation of cheques and payments

Coordinate and manage deposits of cheques and obtained signatures of the same

Fixed Asset & Intangibles Management

Review and update the detailed schedule of fixed and intangible assets and accumulated

depreciation and amortisation

Record fixed asset acquisitions and disposal in the accounting system

Assign tag numbers to fixed assets

Ensure the proper calculation of depreciation and amortization

Prepare the monthly fixed assets register and schedule

Conduct periodic impairment reviews for fixed and intangible assets

Recommend to management whether fixed assets should be disposed of

Track company expenditures for fixed assets in comparison to the capital budget and management authorizations

Recommend to management updates to accounting policies related to fixed & intangible assets

Others

Support other functions within the company including Operations, Technology, CX, Sales & Marketing etc.

Perform all other duties as assigned and required.

Qualifications, Knowledge, Skills, and Experience

• Bachelor's degree in Accounting, Finance, or a related field. ACA, ACCA or equivalent certification will be an added advantage.
• 4-year experience as a Financial Accountant or similar role, with a solid understanding of accounting principles and financial analysis.
• Proven knowledge of financial reporting standards and procedures, laws, rules and regulations
• Advanced use of relevant MS Office tools, accounting software, and databases
• Experience with ERP software Quickbooks
• Strong skills in negotiating, relationship building, problem-solving, and timely problem escalation
• Excellent communication, time management, and organizational skills
• High attention to detail and excellent analytical skills
• Highly professional and ethical with the ability to maintain confidentiality
• Acts as a team player - Collaborate and supporting colleagues and peers across the organization, while still being able to work independently when needed
• Demonstrated process improvement skills
• Demonstrated ability to achieve high-performance goals and meet deadlines in a fast- paced environment
• Demonstrated track record as a relationship builder, team player, collaborator, coach, and facilitator
• Committed to self-development and integrity.