The Financial Accountant is responsible for the accuracy of financial reports, compliance with accounting standards and FINCA Subsidiary’s accounting policies and procedures. As a senior staff in the department s/he will work with regional offices to improve the quality of financial records and ensuring compliance with Central Bank and statutory requirements.
Key Deliverables:
I. Manage the company statutory obligations by withholding the tax, compiling and remitting PAYE, NSSF / NAPSA/ and tax returns in line with Accounting policies and procedures.
- Compile PAYE, NSSF returns by the 15th day of each month.
- Withhold tax returns by the 15th day of each month.
- Corporation Tax before the end of the fourth month following the financial year-end.
- VAT as required by the VAT statute.
II. Manage the accounts and general ledger by reconciliation of the payroll, portfolio and savings audit schedules with the general ledger:
- Prepare portfolio audit schedules and reconcile with the GL.
- Prepare savings audit schedules and reconcile with GL.
- Prepare the payroll schedule and reconcile with the GL.
- Prepare unapplied savings and the loans schedule.
- Prepare accounts receivables aging schedule.
- Prepare the accounts payables aging schedule.
- Prepare the all balance sheet schedules.
III. Manage the Management information system (MIS) – data by tracking and following up the validation issues:
- Track and follow up validation issues.
- Review and consolidate loan agreements reports.
- Initiate payment of insurance premium and follow up outstanding issues.
- Monitor unapplied savings/loan deposits and follow up with the clearance with the regions.
- Identify and follow up with double loans for all regions.
IV. Review the Head-office transactions in line with accounting policies and procedures:
- Reconcile the CATS transfer documents.
- Cross check the journal entries and ensure that the accounts assistant makes adjustments.
- Ensure that vouchers are raised for the internal and external payment vouchers.
V. Manage the bank reconciliation by preparing bank reports in line with accounting policies and procedures:
- Review all final bank reconciliations.
- Prepare monthly bank reports.
VI. Management of Fixed Assets:
- Update regularly the Fixed Asset register with acquisitions and disposal of assets.
- Prepare the monthly depreciation schedule.
- Verify the procurement of all fixed assets.
VII. Regulatory Reporting:
- Preparation of statutory reports; weekly, monthly, quarterly, semi-annual and year end
Qualifications:
- A university degree preferably in commerce and accounting (B.Com) or Banking & Finance. Certified in ACCA/CIMA/ZICA.
- 4 years of experience in accounting role
- Proven experience in preparing Central Bank Prudential Returns
- Proven experience working within a Financial Institution
- Knowledge of IFRS accounting standards
How to Apply
To apply for this job email your details to the email below: