The Financial and reporting Accountant reports to the Head of Finance and is responsible for providing effective supervision of the Accounts Receivable, Accounts Payable, payroll and Cash-flow and treasury services and managing liquidity both for local and foreign currency on a daily basis. Other areas include tax compliance and management to  ensure that company is in compliance with the relevant statutory requirements .

RESPONSIBILITIES

Tax compliance & Management

• Ensure that all Govt taxes such as Corporation taxes, VAT,P.A.Y.E, import duty, excise duty are paid by due dates .
• Liaising closely with tax authorities to ensure that all queries raised are addressed on time
• Identify tax planning opportunities that may exist in the Company

Financial Reporting

• Developing, implementing and maintaining sound management controls to ensure compliance with overall Company control requirements.
• Preparation of monthly management reports
• Preparation of annual financial statements
• Maintaining adequate systems of internal controls needed to safeguard assets, ensuring accurate financial reporting and compliance with policies and procedures.
• Ensuring compliance with accounting systems and procedures. Ensuring financial statements and reports are prepared in compliance with statutory and other regulatory requirements.
• Co-ordinating Annual external audits

Maintenance of the General ledger by

• Ensuring that all general ledger reconciliations are performed as per agreed deadlines
• Review of all general ledger reconciliations
• Ensure that no reconciling items are older than 1 month
• Raise red flag on internal control issues that are likely to pose a risk to the organisation

Payroll management

• Internal controls around payroll are maintained/ improved
• Ensure timely reconciliation of the payroll related control accounts in the General ledger and no reconciliation issues older than one month

Supplier Management (Accounts payable)

• Ensure that suppliers are paid as per agreed terms,
• Supplier accounts reconciliations are performed on monthly basis
• All disputed items are resolved on a timely basis and no outstanding issues older than 1 month
• Ensure that good relationship with company suppliers is maintained at all times

Treasury and cashflow management

• Ensuring that there is a long-term plan for capital investment for modernization and expansion of facilities, including appraisals for capital projects, and there is in place a financing plan for such projects.
• Managing liquidity in both local and foreign currencies on a daily basis.
• Overseeing the preparation of daily and weekly cash flow reports.
•  Ensuring compliance with the treasury policy.
• Developing procedures and recommending system changes that facilitate accurate and timely completion of treasury transactions.
• Ensure that company internal controls around cash and Bankings are complied with at all times
• Ensure Daily bank reconciliations are performed without fail
• Keep track of all bank charges, commissions, bank guarantee charges and other tariffs charged by the bank and ensure that they are as per agreement
• Petty cash control and management

Account Receivable management

• Ensure internal controls around accounts receivable are complied with
• Ensure that customer credit limits are strictly managed as per company
• Ensure that exemption reports on customers with overdue accounts are generated and circulated to members of the management team on a monthly basis
• Ensure customer statement are generated on a monthly basis and passed to National Sales Manager for onward distribution to customers
• Ensure that customer accounts aging analysis is generated, reviewed and red flag raised on customers with overdue accounts

People management and development

• Demonstrate effective leadership of the team working under you
• Managing team and individual performance through regular reviews, monitoring objectives and ensuring development needs are identified and actioned.
• Providing clarity to the team working under you
• Performance management
• Put in place people development & empowerment initiatives such as training and couching