Accounting Manager

Do you have a passion for accounting? Are you a meticulous and organised leader who is driven by results and wants to contribute to the success of the organization. If this sounds like you, Excellent Stores Limited is offering you an opportunity to join our dynamic team.

TITLE:                Accounting Manager

REPORTS TO:    General Manager

LOCATION:        Port of Spain

TYPE:                 Full-Time, Permanent

POSITION OVERVIEW:

The Accounting Manager is responsible for all areas relating to financial reporting and consolidation of the Excellent Stores Group of Companies. This position will be responsible for managing the day-to-day financial and accounting needs of the organization as well as contributing towards driving results across the organization. 

KEY RESPONSIBILITIES:

Financial Reporting

• Prepare monthly management accounts by the 15th of the following month.
• Conduct financial and profitability analysis of all companies and draft Management Discussion and Analysis reports for executive monitoring and decision making monthly.
• Assess opportunities for increased business performance through financial statement analysis, cost management leadership and other financial analysis tools whilst augmenting several data sources to provide sound analysis of the companies’ performance monthly.

Accounting

• Manage the operation of all accounting systems and records, including, but not limited to, revenues, expenditures, non-current assets and depreciation, purchasing, inventory, assets, etc.
• Ensure the integrity and accuracy of financial data in accordance with generally accepted accounting principles (GAAP).
  • Ensure proper and timely system month-end close-offs of all accounting modules.
  • Update and maintain all companies' Non-Current Asset Registers quarterly.
  • Review Accounts Payable (AP), Accounts Receivable (AR) and Inventory general ledgers to sub-ledgers reconciliations monthly.
  • Verify and approve all inter-company transactions to ensure proper recording weekly.
  • Manage Customer Credit Limits and application process.

Treasury Management

• Manage cashflow requirements against established bank limits daily.
• Liaise with the respective banks regarding all banking approvals, transactions and queries daily.
• Prepare and monitor the annual budgets for each company whilst assisting in the establishment of budgets for each cost center.
• Bank liaison with respect to the negotiation of loans and credit facilities under the direction of the CEO.
• Review bank reconciliations and credit card reconciliations monthly.
• Verify and approve all cheque, online and credit card payments against supplier invoices/statements daily.

Audit, Compliance and Controls

• Oversee the planning and execution of the companies’ external financial statement audits and act as the primary external audit liaison yearly.
• Prepare year end audit working papers inclusive of schedules.
• Implement a system of governance and controls to mitigate risks within the organization and ensure compliance with all financial legislation, policies and procedures and identify areas of improvement.

Tax Compliance and Statutory Reports

• Review the calculation and preparation of all required tax and statutory remittances within the stipulated time frame including but not limited to VAT, PAYE, NIS, Corporation Tax/Business Levy, Green Fund Levy and Withholding Tax.
• Ensure the yearly Corporation Tax Return is filed on or before the deadline.
• Prepare Statutory reports for Central Bank and Central Statistical Office as required.

Leadership/People Management

• Manage and ensure all members of the accounting team are adhering to accounting standards and deadlines.
• Lead, coach, develop and motivate the accounting team to reach their full potential for both individual and company benefits.
• Supervise day-to-day function of direct reports and be able to perform back-up duties in the event of absence or increased workload.
• Work closely with all relevant cross-functional departments to ensure optimal results.
• Function as part of the Management team of the business, demonstrating the Company’s values and taking ownership for contributing towards the execution of the Company’s vision and strategies. 

JOB REQUIREMENTS

Knowledge/Experience:

• Professional Accounting Designation (ACCA, CPA, CMA, CGA, CA or equivalent).
• Minimum 5 years’ experience in a managerial role.
• Retail and Real Estate experience preferred but not required.
• Timely Financial reporting is critical to the role. 
• Solid understanding of International Financial Reporting Standards (IFRS) guidelines and application.
• MS Office (Excel, Word and PowerPoint).

Required Competencies:

• Strong leadership skills - ability to lead by example.
• Strong interpersonal skills - ability to interact and convey key messages with other business units and other members of the team in a professional, concise, clear and effective manner.
• Strong organizational skills – honest, reliable, accurate, detail-oriented, autonomous and ability to multi-task in order of priority within given deadlines.
• Ability to observe and maintain confidentially in the performance of duties.
• Adaptable and agile - ability to work effectively in a very fast paced environment.
• Pro-active, highly motivated, with great enthusiasm and a proven team player.
• Outstanding analytical and problem-solving skills – ability to analyze and recommend possible solutions swiftly to remedy or mitigate a situation.
• Competent with Computerized Accounting software.