Accountant at Elvaridah

Description 

• The Accountant is responsible for managing financial transactions, preparing financial statements, and ensuring compliance with accounting standards and regulations.
• This role requires a strong understanding of retail operations and financial practices, along with the ability to analyze financial data and provide strategic insights.

Key Responsibilities
Financial Reporting:

• Prepare and maintain accurate financial statements, including balance sheets, income statements, and cash flow statements.
• Ensure compliance with Generally Accepted Accounting Principles (GAAP) and other regulatory requirements.
• Prepare monthly, quarterly, and annual financial reports for management review.

General Ledger Management:

• Maintain and reconcile the general ledger, ensuring accuracy and completeness of financial records.
• Post journal entries and perform month-end and year-end closing processes.
• Conduct regular reconciliations of bank accounts and other financial accounts.

Budgeting and Forecasting:

• Assist in the development and monitoring of budgets.
• Prepare financial forecasts and variance analysis to support strategic decision-making.
• Provide insights and recommendations to improve financial performance.

Accounts Payable and Receivable:

• Manage accounts payable and accounts receivable processes, ensuring timely and accurate processing of invoices and payments.
• Monitor and follow up on outstanding receivables to ensure timely collection.
• Maintain vendor and customer records and resolve any discrepancies.

Inventory Management:

• Oversee inventory accounting and ensure accurate recording of inventory transactions.
• Conduct periodic physical inventory counts and reconcile discrepancies.
• Analyze inventory levels and provide insights on stock management.

Tax Compliance:

• Prepare and file tax returns, ensuring compliance with local, state, and federal tax regulations.
• Assist with tax planning and strategy to minimize tax liabilities.
• Liaise with external auditors and tax advisors as needed.

Internal Controls:

• Implement and maintain effective internal controls to safeguard company assets.
• Identify areas for improvement in financial processes and recommend corrective actions.
• Conduct periodic audits to ensure compliance with internal policies and procedures.

Financial Analysis:

• Analyze financial data to identify trends, variances, and opportunities for improvement.
• Provide financial insights and recommendations to support business decisions.
• Assist in the evaluation of financial performance and the development of strategic plans.

Qualifications

• Education: Bachelor’s Degree in Accounting, Finance, or a related field.
• Experience: Minimum of 5 years of accounting experience, with at least 3 years in the retail industry.
• Must be ICAN-certified
• Must have experience in the retail industry

Skills:

• Strong knowledge of GAAP and financial reporting standards.
• Proficiency in accounting software and ERP systems.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Excellent communication and interpersonal skills.