Senior Accountant at Persianas Retail Limited

Job Description

• The Senior Accountant is responsible for ensuring all accounting and financial duties are performed according to established policies and procedures.
• S/He analyses and prepares financial and management reports to aid management decisions, and works closely with Head of Finance to develop and implement strategies and plans to achieve the company's long-term objectives.
• The Senior Accountant also ensures accuracy of the Company's financial records and compliance with best practice financial management principles and regulatory requirements.
• S/He is responsible for an accurate capturing and allocation of expenses and investments, for monthly accruals, amortization of prepaid expenses, fixed assets depreciation, etc.

Key Responsibilities

• Manage an accurate financial administration (creditors, debtors, salary administration, ledgers) and monitors the cash flow, the goods flow, accounts, and other financial transactions.
• Ensure timely and accurate preparation of periodic management reports to aid management decision-making process.
• Prepare periodic financial reports, ensuring compliance with defined accounting policies and financial reporting standards.
• Perform financial analysis as required, andreports at the Company's regional officesas required.
• Work with the Head of Finance in the preparation of setting up the company budgets for the next financial year.
• Ensure the invoices are controlled and approved by the line management before processing in the accounting system.
• Develops system for the maintenance of financial records, making use of current technologies.
• Prepare and ensure prompt remission of all statutory payments towards including VAT, PAYE tax, employee, and Company pension contributions.
• Liaise with auditors/ tax consultant and external auditors (FIRS/LIRS etc.) on various audit activities.
• Make timely payment to the tax authorities after approval by Line Manager.
• Maintain a good relationship with the tax authorities.
• Responsible for general internal audit activities for the Company.
• Manage the Company's general ledger and account statements; and ensure all transactions are processed in line with acceptable accounting principles.
• Maintain Petty Cash Book.
• Perform periodic ledger and bank reconciliations as required.
• Oversees POS collection and reconciliation.
• Manage the receipts and deposits of cash and bank transactions, including foreign transfers, to ensure the accuracy of the Company's financial position.
• Maintain an accurate and up-to-date record of all financial activities.
• Complies with federal, state, and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
• Assist the Head of Finance to formulate the Financial Handbook as well as review and rewrite the current procedures.
• Provide advice and updates the Head of Finance on any irregularities of concerns about invoices or any other financial matters.
• Analyzes financial differences, solves, and discusses the complex ones, which demands a higher hand decision to the Head of Finance.
• Perform any other duties as assigned by the Head of Finance.

Qualifications

• First Degree in Accounting or Finance or relevant discipline
• Membership of a recognised professional accounting body - CFA, ACCA or ICAN
• Minimum of 5 years work experience in an Accounting / Finance with at least 2 years of experience in a Senior Accountant role. Retail experience is an added advantage.
• An extensive experience in Ledger Accounting and Financial Reporting.
• Good financial and accounting knowledge, including understanding of finance best practices and IFRS/ International Accounting and Financial Reporting standards.
• Proficient in Microsoft office (Excel, Word, and PowerPoint)
• Ability to work with little or no supervision
• Ability to train and manage staff.