Chief Accountant

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.

Duties & Responsibilities

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, year end 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.
  
  

Requirements

• Education: ACCA/CMA/CPA/CIMA/CA
• Experience: 10+ Years
• Skills: Strong IFRS, ERP Experience, Reporting, VAT return preparation, Power BI, Oracle Experience, Financial Modeling, Budgeting & Forecasting