Accountant at Introit Consulting Limited

DIVISION: Finance

DEPARTMENT/UNIT: Accounts/Final Account

JOB

GRADE-Senior Management cadre

VERSION NO:

JOB OBJECTIVE(S)

• To ensure that the financial statements as a whole do not present material misstatement in terms of income and expenditure (recurrent and capital) as a result of errors or fraud
• To provide the basis for measuring financial objectives within a given period
• To serve as a tool for effective and efficient business management
• That all financial transactions are completely captured within the stipulated accounting period
• That the financial transactions captured in the financial statements, occurred within the stipulated accounting period
• That all assets and liabilities within the stipulated accounting period are correctly valued
• That all assets and liabilities exist within the stipulated accounting period
• That the companies have the rights and obligations to their respective assets and liabilities
• That all financial transactions are correctly disclosed within the stipulated accounting periods using the appropriate accounting policies in accordance with required reporting standards
• That appropriate and correct financial records are maintained for individual projects as a basis for determining their profitability
• To ensure proper documentation and maintenance of financial records using the appropriate filing system

DUTIES & RESPONSIBILITIES

• Interprets financial data for the purpose of determining past financial performance
• To oversee the preparation of working papers and approved budgets; ensures that expenditures for budgets and contracts are monitored and that reports are prepared to maintain balanced accounts.
• Develops management, narrative, and statistical reports to aid management’s decision
• Develops and maintains contract job accounts for the purpose of performance measurement
• Develops and manages cash flow projections
• Monitors, identifies, and communicates deficit budget expenditures for the purpose of resolving funding shortfalls
• Keeps abreast of laws and regulations that apply to a particular staff function or field of professional expertise to maintain up-to-date compliance
• Oversees the receipt of payments from project sponsors and participate in the development of payment schedules
• Ensures compliance with all relevant government agencies and industrial regulations and restrictions
• Monitors and ensures the correct deductions and timely remittance of all payroll deductions to relevant agencies
• Liaises with appropriate internal and external administrative offices to ensure that required procedures are followed.
• Identifies budget issues, provides alternative solutions, and resolves problems.
• Monitors and approves expenditures throughout the budgetary period.
• Supervises individual attendance records and payroll processing
• Top of Form
• §Preparing and compiling monthly financial statements, expenditure analysis, and a budget control to ensure transparency within departments.
• Authorizes payments and monitor other expenditures and report major variances
• Maintains company- wide assets register
• Designs and implements company-wide policies and procedures with regard to finance and accounting.
• He counsels senior management and provides strategic leadership with regards to financial decision making.
• Liaises with internal and external auditors in completing audits.
• Develops and supervises the complete accounting process of related companies

KEY PERFORMANCE INDICATIORS

• The extent to which payment vouchers were properly authorized and approved
• The extent to which accurate data in respect of related party transactions is maintained
• The quality of relevant financial planning and advice rendered to management upon which excellent investment and operational decisions are based
• The timely completion of management accounts for the purpose of performance management
• The quality of assets register maintained
• The extent to which cost is efficiently managed
• The extent to which material misstatement in the financial statements due to either error or fraud is minimized
• The extent to which payroll deductions were remitted to the appropriate regulatory agencies
• The extent to which required financial reports are correctly prepared
• The extent to which all prepared reports meets the deadline of 1 week after the end of the month under consideration
• The extent to which supporting documents for all payments made are complete and attached
• The degree of response to all assigned responsibilities
• The quality of observations and advice offered and accepted by management on operational and strategic matters arising
• The extent to which budget is allocations are appropriated accordingly
• The extent to which conflicts and operational risks are managed
• The extent to which attention is paid to details and enhancement of financial reports
• The extent to which quality reports are rendered
• The extent to which rendered reports are innovatively created to aid management’s decisions
• The extent to which management’s attention is drawn to operational risks
• The extent to which management’s attention is drawn to unfolding enabling relevant laws and regulations and productivity guidelines
• The extent to which interpersonal relations among staff is maintained
• The extent to which one copes with working under pressure and meeting deadlines

JOB REQUIREMENTS

EDUCATION

The person should possess at least a first degree within accounting, finance, business or related field of study. He should also possess professional accounting qualification of ICAN, ACCA or other relevant bodies with at least 3-4 year experience within the industry.

KEY COMPETENCY REQUIREMENTS

KNOWLEDGE

• A sound knowledge of the principles, procedures and practices of financial records and transactions     
•  A comprehensive knowledge and experience of working in a computerized accounting and record keeping environment e.g. accounting softwares and Microsoft office
• A sound knowledge of International Financial Reporting Standards(IFRS)

SKILL/COMPETENCIES

• Ability to gather, analyze and evaluate facts and to prepare and present a clear, concise financial oral and written  reports when required
• Ability to work without supervision
• Ability to identify and maintain current knowledge of developments relating to the professional matters of interest to accountants
• An excellent interpersonal relationship

REPORTING RELATIONSHIPS

Functionally reports to: Head, Finance

Administratively reports to: CEO/Head, Finance

Supervises: Bookkeeper