About the position
The Financial Accountant is responsible for managing and overseeing financial activities, ensuring accurate reporting, and maintaining financial records in compliance with accounting principles and regulations. This role involves preparing financial statements, conducting financial analysis, and assisting with audits and tax preparations to support the company's overall financial health. More so specifically provide insight into the companies Transactional Banking Business.
Financial Reporting:
- Prepare and present monthly, quarterly, and annual financial statements.
- Ensure financial statements are accurate, in compliance with IFRS, GAAP, or relevant local accounting standards.
- Conduct variance analysis, highlighting deviations from budget or forecast.
- Present financial reports and key findings to top management for review and decision-making.
General Ledger Management:
- Oversee general ledger activities, including journal entries and reconciliations.
- Maintain and update financial records to ensure accuracy and timeliness.
- Monitor financial transactions to ensure they are correctly recorded.
Budgeting & Forecasting:
- Assist in the preparation of budgets, forecasts, and financial projections. (Transactional Banking)
- Work with other departments to gather data and ensure accuracy in financial planning.
- Compliance & Auditing:
- Support internal and external audits, ensuring all necessary documentation is provided.
- Ensure compliance with tax regulations, financial reporting standards, and other relevant legislation.
Financial Analysis & Advice:
- Provide financial analysis to aid decision-making for senior management.
- Identify trends, cost-saving opportunities, and areas of financial risk.
- Process Improvement:
- Identify areas for process improvements in financial systems, reporting, and controls.
- Implement best practices for financial accounting processes.
Staff Management:
- Supervise and support two Cashbook Clerks, ensuring accurate and timely processing of transactions.
- Delegate tasks, monitor performance, and provide guidance to maintain high standards of work.
Qualifications / Skills
- Bachelor's degree in Accounting
- CPA, ACA, ACCA, or equivalent professional certification (or pursuing certification).
- Minimum of 3-5 years transactional banking experience - preferred
- Experience in preparing financial statements, managing general ledgers, and performing audits.
- Familiarity with accounting software (Sage Evolution).
- Strong knowledge of accounting principles (IFRS, GAAP, etc.).
- Excellent analytical, problem-solving, and organizational skills.
- Proficiency in Excel (advanced level).
- Attention to detail and accuracy.
- Ability to work independently and meet deadlines.
- Good communication skills, both verbal and written.
- Ability to adapt to changing financial regulations and business needs.
Desired Skills:
- Financial Reporting
- GL Management
- Budgeting & Forecasting
- Auditing
- Financial Analysis
- Staff Management
