Accountant at Pally Agro Products Limited

Reports To:Head of Accounts

Job Summary:

The Accountant is responsible for overseeing the entire accounting department, ensuring the accuracy and integrity of financial records, and managing the financial reporting processes. The role requires a strategic approach to managing the company’s financial resources, including overseeing daily sales tracking, cash management, inventory control, and financial reconciliations.

Key Responsibilities:

•  Lead and supervise the accounting team in tracking every service rendered and product sales daily, ensuring that all financial transactions are accurately recorded and reported.
•  Develop and implement financial policies and procedures to ensure effective financial management and compliance with regulatory requirements.
•  Monitor and maintain the approved funds limit for petty expenses, ensuring that the operational needs of the business are met without exceeding budgetary constraints.
•  Provide strategic insights and recommendations based on financial analysis to support business decision-making.
•  Oversee the management of the mini warehouse/store, ensuring that inventory levels are optimized for the timely supply of finished products to meet customer orders.
• Implement inventory control systems to minimize waste, prevent stockouts, and ensure accurate reporting of inventory levels.
• Supervise the preparation of group expense requisitions for fund disbursement, ensuring all expenditures are justified, approved, and within budget.
•  Ensure that all expenses are accurately captured, tracked, and reflected in the individual expense ledgers, providing clear visibility of financial outflows.
•  Ensure customer accounts are consistently updated, and outstanding balances are closely monitored to prevent overdue payments.
•  Develop strategies to improve cash flow by optimizing the accounts receivable process and reducing payment delays.
•  Prepare and review bank reconciliation statements and financial reports, ensuring they are accurate, comprehensive, and submitted on time.
• Ensure full compliance with all financial regulations and internal policies, minimizing the risk of financial discrepancies and legal issues.
• Coordinate internal and external audits, ensuring that all necessary documentation and information are provided accurately and promptly.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• Professional accounting qualification (ICAN) is desirable.
• Minimum of 5 years of experience in a senior accounting role, preferably within the FMCG sector.
• Extensive knowledge of accounting principles, financial reporting, and regulatory compliance.
• Proficiency in advanced accounting software and Microsoft Office Suite.
• Strong leadership skills with the ability to manage and develop a high-performing team.

Key Competencies:

• Strategic thinking with a strong business acumen.
• Excellent communication, negotiation, and interpersonal skills.
• High level of integrity, with a commitment to ethical financial practices.
• Ability to manage multiple priorities and work under pressure.
• Strong analytical skills and attention to detail.