Financial Accountant at ARM Hold Co.

Description

• The job holder will be responsible for managing the organization’s financial accounting and reporting functions, with primary responsibility for the company and to manage statutory reporting.

Duties and Responsibilities

• Ensure that payments are made to and/or on behalf of clients, suppliers and other third parties on a timely basis and in accordance with the applicable Service Level Agreement.
• Transaction Processing: Ensure that all transactions for the company and on behalf of clients are properly processed and captured in the appropriate accounting codes
• Review all general ledger accounts detailing assets, liabilities, and capital.
• Review all reconciliations of general ledger accounts to applicable sub ledgers, and all intercompany accounts reconciliations.
• Review monthly bank account reconciliations for the applicable accounts and ensure that all reconciling items are promptly cleared
• Supervise and coordinate all banking activities including prompt banking of all cheques and ensuring that the appropriate cash (local & foreign) is available to meet the company’s needs;
• Remit all statutory payroll deductions (PAYE and pensions) to the appropriate authorities within the stipulated timeframe
• Ensure the correct treatment of withholding tax and VAT in the accounts and also ensure the prompt remittance to the appropriate authorities to avoid any penalties.
• Ensure corporate income tax compliance. Dealing with all matters relating to tax queries and audits
• Ensure that the company is adequately protected by having in place the necessary insurance policies; coordinating the insurance renewal process and ensuring that the appropriate payments are made
• Provides a suitable framework for effective budget monitoring and reporting i.e. variance between actual and projected performance (income and expenditure).
• Provides a suitable framework and format for effective reporting of the performance of the different portfolios, including mutual funds.
• Implements the approved procedure for management and reporting of journal entries for the different managed portfolios of the organization.
• Responsible for partnering with the investment department in the investment of company funds.
• Constant review of the expense, revenue and other components of the annual budget to determine the accurate financial position of the organization at all times and for recommending suitable actions.
• Constant reviews of the fixed-assets register to ensure that entries are accurate and up-to-date.

Requirements
Education:

• Bachelor's Degree from an accredited university
• Advanced Degree in Finance or Business Management (e.g. MBA, MSc Finance e.t.c)
• Professional certification in finance and/or accounting from a recognized professional body (e.g. CFA, ACCA, ICAN e.t.c)

Experience:

• Minimum of 5 years work experience in a similar role.