The Chief Accountant will play a pivotal role in managing the company's financial health,
ensuring accurate reporting, compliance with financial regulations, and providing strategic
insights to support business growth. This position requires a detail-oriented professional
with strong leadership and analytical skills to oversee financial operations and guide the
accounting team toward achieving organizational objectives.
Financial Reporting and Analysis:
- Develop and present financial statements, including Profit & Loss accounts, cash flows, variance analyses, and detailed commentaries.
- Produce month-end and year-end journals, ensuring timely financial closure.
- Analyze financial data to drive business profitability and sustainable growth.
- Provide detailed margin analysis to identify opportunities for improvement.
- Prepare accurate and insightful management reports to support strategic decision-making.
- Assist with establishing internal controls
- Ensure that inventory levels are accurate by identifying and correcting inventory errors, and recommending inventory levels based on sales forecasts and demand.
- Supervise the periodical stock count
- Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared
- Prepare analytical and ratio analyses relevant to A/R so management can gain a better understanding of how collection efforts are progressing
- Prepare detailed reconciliation for various accounts
- Identify any abnormal balances in the general ledger and trial balance accounts and rectify it
- Review imported data from sub-ledger accounts to ensure all entries are posted in the correct account.
- Assist in the maintenance of the fixed asset register, asset categorization, and depreciation analysis as per the standard.
- Reconcile trail balance and participate in the monthly, quarter, yearend closing process.
- Prepare VAT Return
Strategic Planning and Budgeting:
- Contribute to the annual budgeting and forecasting process, ensuring alignment with company objectives.
- Assist in preparing accurate cash flow forecasts to support operational and strategic planning.
- Manage capital expenditure processes, including tracking and reporting.
Regulatory Compliance and Process Improvement:
- Ensure compliance with all relevant financial regulations and standards.
- Continuously review and enhance accounting processes and practices to optimize efficiency and cost-effectiveness.
- Monitor auditing and taxation practices, ensuring adherence to statutory requirements.
Team Leadership:
- Lead, motivate, and manage a team of accountants and senior accountants, fostering a culture of collaboration and performance excellence.
- Provide training and guidance to enhance the team's capabilities and ensure effective day-to-day operations.
Other Responsibilities:
- Review ongoing cash flow and provide actionable insights into financial stability.
- Support ad hoc financial analysis and special projects as required by senior management.
Key Qualifications:
- Strong IFRS
- ERP Experience
- Reporting
- VAT return preparation
