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Financial Accountant

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:

Email applications to
zm_HR@finca.co.zm
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FINCA Zambia
FINCA Zambia
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FINCA Zambia is a subsidiary of FINCA International, a global micro finance network that offers financial services and products to small scale businesses. FINCA helps its clients achieve their life goals conveniently to build a business, acquire assets, improve their living conditions or invest. The company provides well-designed, responsible, and affordable products including micro and small business loans, credit lines, savings, transactional services and more. For your convenience, FINCA has a secure mobile banking service and over 75 express agents.