Practice Accountant (Law Firm & Radio Station) at iRecruiters Africa Limited

Job Summary:

The company is seeking to hire an experienced practice accountant who will be responsible for overseeing the financial operations of the organization (Law firm & Radio Station), and ensure accurate financial reporting, managing accounts payable and receivable, and providing financial insights to support strategic decision-making at the law firm and the radio station of the organization.

Key Responsibilities:

Law Firm:

• Monthly preparation of financial statement and management accounts.
• Monthly preparation of management report, which in addition to all other details must
• indicate revenue, expenses, bills issued, and bills outstanding for that month.
• Manage the firm's financial transactions, including accounts payable, accounts receivable, and general ledger entries.
• Manage payroll and ensure that salaries go out timely and accurately.
• Prepare and track quarterly and annual budget.
• Prepare and analyze financial statements, reports, and forecasts to provide insights into the firm's financial performance.
• Ensure compliance with financial regulations, tax laws, and reporting requirements.
• Maintain accurate financial records and prepare documentation for audits.
• Identify areas for cost optimization and revenue enhancement, recommending strategies for improvement.
• Monitor cash flow and manage banking relationships to optimize the firm's financial position.
• Ensure that all funds are delivered to and from the bank when necessary and without any problems.
• Work with counsel to ensure payments by clients as well as supervision of fee note issuance by counsel, management and tracking.
• Registration of new files and updating the payment details on a continuous basis for the office clients.
• Posting and working with Peachtree accounting app to ensure accurate reporting of accounting records.
• Review accounting files and records to identify outstanding payments and working with counsel in charge to pursue and ensure payment.
• Take stock of all assets of the Law firm and work with Admin to maintain an asset register.
• Interact with external auditors in completing audits.

Radio Station:

• Develop and manage budgets for the radio station.
• Maintain accurate and up-to-date financial records, including income, expenses, and assets. Implement and manage accounting systems to track financial transactions.
• Process invoices and payments, ensuring timely payment to vendors.
• Ensure accurate calculating of salaries, taxes, and other deductions.
• Ensure compliance with payroll regulations and tax laws.
• Prepare regular financial statements, such as income statements, balance sheets, and cash flow statements. Provide financial reports to management for decision-making purposes.
• Ensure compliance with local, state, and federal tax regulations. Prepare and file tax returns accurately and timely.
• Conduct financial analysis to identify trends, opportunities, and potential areas for cost savings.
• Establish and maintain internal controls to safeguard the company's assets and prevent fraud.
• Prepare documentation and assist in financial audits, if required.
• Collaborate with management in making financial decisions, such as investments, cost-cutting initiatives, and expansion plans.
• Monitor and manage the cash flow of the radio station to ensure there is enough liquidity to meet operational needs.
• Provide financial advice and support to management in strategic decision-making.
• Stay informed about industry trends and financial best practices.

Key Requirements:

• Minimum of a Bachelor's Degree in Accounting with a Second Class Honors (Upper Division) or equivalent.
• ACCA or ICAN qualification is preferred.
• 5-7 years of experience in a senior accounting role.
• Fluent written and spoken English with excellent communication and interpersonal skills.
• Proven ability to work independently and manage multiple tasks effectively.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Proficiency in accounting software may be required.
• Verifiable guarantors may be required.
• A mature and professional demeanor with a strong work ethic is a definite asset.

Key Performance Indicators (KPIs):

• Profitability: Maintain a healthy profit margin as outlined by the company's goals.
• Payroll Accuracy: Ensure error-free payroll calculations and timely payments to employees.
• Collections: Collect payments from customers quickly and efficiently.
• Cost Control: Keep expenses under control and within budget.
• Financial Reporting: Deliver accurate and timely financial reports to management and partners.
• Financial Planning: Create accurate cash flow forecasts to support financial planning.
• Compliance: Adhere to all tax regulations and financial reporting standards.
• Audit Readiness: Maintain financial records in a way that minimizes audit issues.