Senior Accounts Officer at Matrix Design & Works Limited

Position Summary

• The Senior Accountant of Matrix Design and Works plays a pivotal role in overseeing our organization's financial activities, ensuring the accuracy of financial records, compliance with relevant regulations, and effective management of financial resources.
• This position involves overseeing the accounts team and store officers. It requires a strong understanding of accounting principles, financial reporting, and budgeting.

Responsibilities
Financial Reporting:

• Prepare and review financial statements, including income statements, balance sheets, and cash flow statements.
• Ensure timely and accurate financial reporting to senior management, stakeholders, and regulatory authorities.
• Analyze financial data to provide insights into the company's financial performance.

Budgeting and Forecasting:

• Develop, monitor, and manage the organization's budget in coordination with department heads.
• Prepare financial forecasts and long-term financial plans.
• Track budgetary performance and make recommendations for cost control and optimization.

Financial Compliance:

• Ensure compliance with accounting standards, tax regulations, and relevant financial laws.
• Coordinate with auditors and oversee annual financial audits.
• Implement and maintain internal control procedures to safeguard financial assets.

Cash Flow Management:

• Monitor cash flow, manage working capital, and optimize liquidity.
• Manage accounts payable and accounts receivable processes.
• Oversee the disbursement and reconciliation of company funds.

Store Inventory Control:

• Track current production levels and recording purchases and products in the store
• Manage inventory tracking system to record deliveries, shipments and stock levels
• Evaluate deliveries, shipments and product levels to improve inventory control procedures.
• Analyze daily product and supply levels to anticipate inventory problems and shortages
• Train and supervise store officers.
• Delegate tasks and responsibilities to store officers.
• Foster a collaborative and productive work environment.

Financial Analysis:

• Analyze financial data and trends to provide insights for decision-making.
• Identify areas for cost reduction and efficiency improvement.
• Present financial analysis reports to senior management.

Taxation and Compliance:

• Prepare and file tax returns, including income tax, sales tax, and other applicable taxes.
• Stay up-to-date with changes in tax laws and regulations.
• Ensure compliance with tax obligations and deadlines.

Financial Systems and Technology:

• Oversee the implementation and maintenance of accounting software and financial systems.
• Recommend and implement improvements to streamline financial processes.

Financial Strategy:

• Collaborate with senior management to develop and execute financial strategies aligned with organizational goals.
• Provide financial insights to support strategic decision-making.