Summary

To maintain accurate financial records by collecting, recording, and analyzing financial transactions and by maintaining proper books of entry. Ensure the business has sufficient cash to achieve its objectives. Participate as a key player implementing the company’s finance operating manuals and ensure compliance with all the company’s procedures and processes, statutory compliance. Ensure the safeguarding of the company’s resources including inventory, cash, and office equipment.

Responsibilities

• Ensure the preparation and reporting of relevant and reliable monthly, quarterly and annual financial statements for the company.
• Manage monthly period close process ensuring timeliness of period close and accuracy of General Ledger at all times.
• Preparation of the business operations report on an ongoing basis and ensuring the accuracy of the B.O.T. data.
• Ensure effective and efficient weekly, monthly, and quarterly cash forecasting to ensure that the business's cash flow is predictable and that the business has sufficient cash to run its operations efficiently.
• Ensure accuracy of monthly revenue by reviewing customer invoices in a timely manner and ensuring that accounts receivables are reconciling at all times.
• Ensure proper management of the organization’s inventory by implementing the stock controls stipulated in the finance manual and identifying opportunities for improving the control environment. Monitor re-order levels and always ensure the company has sufficient stocks to effectively and efficiently serve customers.
• Supervise petty cash management and always identify measures of optimizing cash resources to achieve cost efficiency.
• Develop and implement collection strategies always ensuring collection targets set out in the KPIs are met and even surpassed.
• Manage the organization’s payables always creating a balance between ensuring the suppliers are satisfied and motivated to supply to the company and the organization has sufficient cash balance to operate.
• Ensure compliance with all statutory requirements as stipulated by all the government regulatory agencies in Tanzania. This includes ensuring timely and accurate filing of all statutory returns.
• Ensure accurate costing and recording of inventory transactions in the system and reconcile physical stocks against the system stock card on a regular basis.
• Ensure accurate recording and valuation of the organization’s fixed assets.
• Perform accounting reconciliations including but not limited to Bank reconciliations, Stock reconciliations, Supplier reconciliations, and Intercompany reconciliations.
• Ensure that the company’s financial statements are prepared in line with International Financial Reporting Standards.

Education and Qualifications

• Business-related degree (Bachelor of Commerce, Economics, Finance etc)
• Accounting Certification (ACCA or CPA)

Requirements

• At least 4 years working as an Accountant
• Process-oriented, structured with attention to detail, get it done attitude and a strong desire to significantly grow in his/her career.
• Solid knowledge of the business operating environment in Tanzania.
• Solid knowledge of the prevailing tax regulatory environment
• Solid understanding of IFRS and General Accounting Practices.

Reporting To

Financial Controller -EA; COO – EA