JOB SUMMARY
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 categorisation, 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.