Job Description
Responsibilities
Financial Reporting:
- Prepare monthly, quarterly, and annual financial statements, including profit and loss, balance sheet, and cash flow statements.
- Analyze financial data to ensure accuracy and completeness of records.
- Ensure compliance with accounting standards and regulatory requirements.
General Ledger Management:
- Maintain the general ledger, ensuring all transactions are accurately recorded.
- Post journal entries and reconcile discrepancies in the ledger.
- Ensure all accounts are balanced and complete, and perform periodic reconciliations.
Accounts Payable and Receivable:
- Oversee the accounts payable and accounts receivable processes, ensuring timely payments and collections.
- Review and approve invoices and purchase orders.
- Manage the vendor and client accounts, ensuring accurate billing and payment records.
Budgeting and Forecasting:
- Assist in the preparation of the company’s budget and forecasts.
- Monitor budget vs. actual expenditures and provide recommendations for cost control or savings.
- Provide regular updates and financial insights to management.
Tax Compliance:
- Prepare and file accurate tax returns in accordance with local and national regulations.
- Ensure the company complies with tax laws, including VAT, payroll taxes, and corporate taxes.
- Support external auditors during audits and provide necessary documentation.
Payroll Administration:
- Assist in processing payroll, ensuring timely and accurate payment to employees.
- Ensure all payroll-related deductions, such as taxes and benefits, are correctly calculated and processed.
Financial Analysis:
- Provide financial analysis and reports to senior management to help guide business decision-making.
- Monitor financial performance and suggest improvements to optimize financial operations.
Internal Controls:
- Assist in developing and implementing internal controls to safeguard company assets.
- Ensure that financial transactions are authorized and properly documented.
Record Keeping:
- Maintain accurate and complete financial records and documentation for internal and external audits.
- Ensure all financial records are stored securely and meet company and legal retention policies.
Ad-hoc Tasks:
- Perform any other duties as assigned by the Finance Manager or senior leadership.