Senior Accountant Job at African Management Initiative

Senior Accountant Job at African Management Initiative… See details on how to apply for the opportunities available at African Management Initiative.

Descriptions;

The African Management Initiative (AMI) is a Pan-African social enterprise that empowers African managers and entrepreneurs through practical and accessible learning and development tools. AMI combines a cutting-edge web and mobile learning platform with content from Africa’s most prestigious business schools and an innovative peer accountability system to deliver real results for individuals and organisations. Our vision is for 1 million African managers performing effectively and responsibly by 2023. Empower your people. Build your business. Lead Africa

Responsibilities:

Financial Reporting and Management:

Supervise Accounts assistants and provide guidance when necessary.
Assist in preparing monthly performance reports for the company and subsidiaries, including analysis and commentary on performance against budgets and prior year.
Perform month-end closing activities such as account reconciliation, revenue recognition, expense accounting, etc.
Ensure financial records comply with company policies and accounting principles, identifying and addressing any material errors or discrepancies.
Play a key role in the preparation of year-end and statutory accounts.
Ensure monthly reconciliations are performed for all bank accounts, credit cards, petty cash, etc.
Maintain proper records and listings of prepayments, accruals, and other relevant accounting records.
Ensure supporting documents are accurately maintained on NetSuite ERP.
Analyze expenses to identify cost-cutting opportunities and drive value for the AMI Group.
Oversee the fixed asset register and reconciliations, including monthly depreciation.
Manage Accounts Payable/Accounts Receivable processes, including entering daily invoices/bills/journal entries, conducting weekly check runs, and preparing monthly accruals across the group.
Regularly reconcile key accounts and confirm the accuracy of account postings and other financial records.

Cash Flow Management:

Prepare weekly cash flow statement reports and effectively control expenditure and cash flow.
Manage working capital and cash flows to maintain a healthy liquidity position for the business.
Oversee accounts receivable and payable activities.
Ensure timely payment of vendor invoices and check requests in accordance with authorization and approval policies, and follow up on any outstanding invoices.
Review aging reports and proactively communicate with customers regarding overdue balances.
Manage petty cash payments appropriately across the group.

Compliance:

Assist in preparing documentation for annual financial audits and act as a key liaison with the external auditor.
Review and analyze current accounting systems and internal controls, providing suggestions for improvement as necessary.
Ensure compliance with local VAT, income tax, withholding tax (WHT), and statutory reporting requirements across the group, liaising with tax and other advisors as needed.
Prepare tax schedules for monthly tax filings, ensure timely tax payments, and maintain proper tax accounting.

Requirements

Qualifications & Experience

Bachelor’s Degree in business administration, finance, accounting, or a related field from a recognized university.
Qualified Accountant (ACCA, CPA).
At least five (5) years’ experience in finance.
Experience with new system implementation and experience with NetSuite is preferred.
Experience working for fast-growth, rapidly-scaling companies is an added advantage.