Account Officer at Karbak Ventures Limited

Job Responsibilities
Financial Management:

• Manage accounts receivable and accounts payable for assigned projects or clients
• Process invoices, payments, and receipts in a timely and accurate manner
• Reconcile account balances and resolve discrepancies

Project Accounting:

• Track project-specific expenses and revenues
• Assist in preparing project financial reports and forecasts
• Collaborate with project managers to ensure accurate financial tracking

Budgeting and Forecasting:

• Assist in preparing project budgets and financial forecasts
• Monitor actual expenses against budgeted amounts
• Report variances and suggest corrective actions

Compliance and Reporting:

• Ensure compliance with company financial policies and procedures
• Prepare regular financial reports for management
• Assist in gathering data for audits and financial reviews

Cash Flow Management:

• Monitor cash flow for assigned projects or accounts
• Coordinate with management on cash flow forecasting
• Implement strategies to improve cash flow, such as following up on overdue payments

System Management:

• Maintain accurate records in the company's financial management system
• Utilize ERP systems for project accounting and financial tracking
• Suggest improvements for financial processes and systems

Inter-departmental Collaboration:

• Work closely with project managers, procurement teams, and other departments
• Provide financial insights to support decision-making across the organization
• Participate in cross-functional meetings to align financial activities with project goals

Professional Development:

• Stay updated on industry-specific accounting practices and regulations
• Participate in relevant training and development programs
• Contribute to the continuous improvement of the accounting department's processes.