Accounting Executive at 720Degree Innovation Hub

Job Responsibilities

• Maintain accurate and up-to-date financial records, including accounts payable, accounts receivable, general ledger, and payroll.
• Enter and reconcile financial transactions, such as sales, purchases, payments, and receipts.
• Analyze financial data to identify trends, patterns, and discrepancies, and provide insights to management for decision-making.
• Assist in the preparation of budgets and financial forecasts, monitor actual performance against budgeted figures, and provide variance analysis.
• Prepare and file tax returns, ensuring compliance with relevant tax laws and regulations, and keep abreast of any changes in tax requirements.
• Prepare periodic financial statements, including income statements, balance sheets, and cash flow statements, and distribute them to relevant stakeholders.
• Calculate employee salaries, deductions, and benefits, and ensure accurate and timely payroll processing.
• Reconcile bank statements, vendor statements, and customer accounts to ensure accuracy and resolve any discrepancies.
• Assist with internal and external audits by providing necessary financial documentation and explanations.
• Help establish and maintain effective financial systems, policies, and internal controls to safeguard assets and ensure compliance.

Qualifications

• Education: A Bachelor's Degree in Accounting, Finance, or a related field is typically required.
• Knowledge and Skills: Strong knowledge of accounting principles, financial analysis, and tax regulations. Proficiency in using accounting software and spreadsheets (e.g., QuickBooks, Excel) is essential. Attention to detail, analytical thinking, and problem-solving skills are important.
• Experience: Previous experience in accounting or finance roles is beneficial, especially in small business environments. Familiarity with small business accounting practices, such as handling cash flow, managing expenses, and overseeing payroll, is valuable.
• Communication Skills: Effective communication skills are necessary to interact with various stakeholders, including management, vendors, customers, and potentially auditors. Clear and concise verbal and written communication is essential.
• Organizational Skills: The ability to manage multiple tasks, meet deadlines, and prioritize work effectively is crucial in a small business setting where accountants often handle various responsibilities.