Accountant at Meristem Securities Limited

Job Summary

• To ensure transactions are recorded timely and guarantee the correctness, accuracy and validity of financial information.
• To plan, monitor and manage cash flow and liquidity.
• To institute functioning accounting systems and procedures that ensure smooth processing of transactions.
• To ensure lower processing costs, transfers and bank fees.
• To provide the financial information necessary for the planning and financial protection of the organization.
• To establish and maintain financial policies and management information systems, as well as liaise with management colleagues on all aspects of finance.
• To prepare and report financial statements in line with best accounting practices.
• To ensure regulatory compliance
• To ensure efficient utilization of resources

Job Details

• Provide monthly management report by the 1st week of the following month.
• Prepare an annual budget by 31st May each year in conjunction with the CEO and other management staff.
• Ensure that all financial records are up to date and file correctly and securely.
• Ensure all balance sheet items are reconciled prior to audit and appropriate working papers are prepared.
• Scrutinize cheque requisitions and proforma invoices for purchase before signing by the CEO.
• Maintain adequate insurance cover for the business.
• Monitor current interest rates being offered by financial institutions to ensure the best return on Meristem Registrars' deposits.
• Maintain assets register and undertake regular assets checks.
• Collect all due debts from clients within 60days after billing.
• The monthly payroll is processed accurately and in timely manner.
• Control petty cash system-ensure petty cash registered is balanced before being topped up.
• Monitor the budget to ensure spending is being controlled.
• Practice customer satisfaction metrics to enable other departments carry out their works smoothly.
• Visit and negotiate bills with new and existing clients.
• Conduct internal audits to ensure compliance to accounting policies and procedures.
• Ensure tax deductions and pension contributions are remitted within 10 days of the following month.
• Meet with relevant regulatory authorities on tax matters and get the best position for the company.
• Compiles and prepares daily and weekly cash summaries and initiate weekly cash flow analysis and historical performances.
• Prepare reports and financial statements for management and company's auditor's use.
• Initiate plans and advise on budget and account control.
• Ensure due accounting procedures are observed.
• Verify and validate accounting information.
• Providing regular input on all account activity, including status and call reports on a weekly basis.
• Overall supervision, control and administration of company's accounting system.
• Ensure regulatory compliance.

Requirements

• A good first degree in any management science/social science related discipline preferably in accounting.
• Professional qualification e.g. ACA, ACCA, is a must.