Financial Accountant at The People Practice

Our client, an online store for construction materials, is looking to hire a Financial Accountant who will be responsible for managing the company’s financial records, ensuring accurate reporting, and compliance with tax regulations. This role involves analyzing financial data, preparing financial statements, managing budgets, and working closely with other departments to support the company\'s financial health. The ideal candidate must have experience in e-commerce and construction sectors, with a deep understanding of accounting principles and industry-specific regulations.

Responsibilities

Financial Reporting

• Prepare accurate monthly, quarterly, and annual financial statements in accordance with accounting standards (IFRS, GAAP, etc.).
• Generate reports that reflect the company’s financial status, including balance sheets, income statements, and cash flow statements.
• Prepare management reports, providing insights and analysis for decision-making.

Budgeting and Forecasting

• Collaborate with department heads to prepare and manage annual budgets.
• Monitor budget performance, providing variance analysis and recommending corrective actions.
• Assist in long-term financial planning, including financial forecasts and strategy formulation.

Accounts Management

• Maintain accurate and up-to-date general ledger entries.
• Manage accounts payable and receivable processes, ensuring timely payment and collection.
• Oversee payroll processing, ensuring compliance with tax regulations and employment laws.

Tax Compliance and Audit

• Ensure the company complies with all tax regulations, including VAT, sales tax, and corporate tax filings.
• Liaise with external auditors for the preparation of year-end financial statements and audits.
• Prepare tax filings and assist in resolving any tax-related issues.

Cash Flow Management

• Monitor daily cash flow and make recommendations to optimize working capital.
• Ensure timely reconciliation of bank accounts and other financial statements.
• Manage investments and ensure efficient liquidity management.

Regulatory Compliance

• Stay updated on changes in accounting standards, tax laws, and regulatory requirements.
• Ensure all financial activities comply with legal and internal policies, mitigating financial risks.

Systems and Process Improvement

• Implement and manage accounting systems and software relevant to e-commerce and construction activities.
• Continuously assess and improve financial procedures and internal controls to enhance efficiency.
• Work with IT and other departments to integrate financial data with operational systems, ensuring real-time financial reporting.

Cost Management

• Track project costs and provide regular reports on financial performance for construction projects.
• Analyze product and service pricing structures, ensuring the company remains competitive in the e-commerce sector.
• Identify areas for cost reduction and provide recommendations for improving profitability.

Collaboration & Support

• Work closely with procurement, operations, and project management teams to align financial goals with business operations.
• Provide financial advice and support to department heads for decision-making on resource allocation, pricing strategies, and business investments.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field (CPA/ACCA/ICAN certification preferred).
• Minimum of 3-5 years of experience in accounting, preferably within the e-commerce and/or construction sectors.
• Experience with financial software (e.g., QuickBooks, Xero, NetSuite) and ERP systems.
• Knowledge of e-commerce platforms and construction project accounting is a plus.

Must have skills

• Proficient in Microsoft Excel and financial modelling.
• Strong analytical skills with the ability to interpret complex financial data.
• Excellent communication and interpersonal skills, able to present financial data to non-financial stakeholders.
• Ensure accuracy in all financial documents and reports.
• Ability to identify financial discrepancies and develop solutions.
• Manage multiple projects and deadlines efficiently.
• Uphold professional ethics and confidentiality in handling company finances.