Assistant Accountant

The Assistant Accountant is directly accountable to the Finance and Administration Manager or His/her delegate.

JOB SUMMARY

The Assistant Accountant will provide support in the areas of fixed assets, audit schedules, tax calculations, foreign and local purchases, wage payment processing, cash management, maintaining records and preparing financial reports. The incumbent will also provide support to the Accountants with all Finance activities.

EDUCATION & EXPERIENCE

• ACCA Certificate in Accounting or a related tertiary field of study.

EXPERIENCE

• At least five (5) years’ experience in an accounting environment with knowledge of related software applications.
• An acceptable combination of experience and academic qualifications would be considered in lieu of minimum requirements

ACCOUNTABILITY

The Assistant Accountant is directly accountable to the Finance and Administration Manager or His/her delegate.

FUNCTIONS, DUTIES AND RESPONSIBILITIES

a)      Completes the following activities with regards to Fixed Assets

i)Maintaining copies of invoices of annual fixed asset purchases in an accessible and organised manner

ii)     Support the Accountants in the management of the Fixed Assets using the software module with periodicphysical confirmation, disposals etc.

iii)    Assist the Accountants in the calculation of monthly depreciation and prepares relevant journals

iv)    Assists the Accountants in the accurate maintenance of the Fixed Asset module and correct Asset ID’s for allFixed Assets

b)     Assists the Accountant with the following activities:

i)       Collaborating with relevant Finance department staff to ensure all period end processes are completed in a timely manner.

ii)      Preparation of Month End Preliminary Dynamics Reports including the Income Statements by 8th of each month.

iii)    Preparing Balance Sheet, Schedules, General Ledger, and Journals Listing.

iv)    Preparing management reports by the 9th of each month.

v)      Preparing and processing final adjustments (if any) and running Month End Closing and Monthly Final Dynamics Reports by the 9th of each month.

vi)    Processing year-end close off of Dynamics System and generates year-end backups and reports by the 14th ofJanuary.

vii)   Preparing financial statements and Audit Schedules for Auditors including:

• Balance Sheet
• Income Statement Cash Flow
• Trial Balance
• Financial Statement Worksheets
• IFRS Financial Statements including associated notes
• Disclosure Checklist

c)      Files and maintains proper records of all critical information in accordance with International Accounting Standardsand the Company’s Act 1995 and also TES’ Business Management System.

d)     Assists with the preparation of Audit Schedules to meet the Bank’s and Corporate deadline of 31 March after theYear end.

e)     Calculates and ensures accurate payment of taxes including:

i)       Payroll Taxes – PAYE, Health Surcharge, NIS

ii)      Corporation Tax

iii)    Business Levy and Green Fund

iv)    With holding

v)      Insurance Premium

vi)    VAT

f)       Ensures all reconciliations (bank, inter- group, receivables, payables, and inventory, etc.) are done promptly and  accurately.

g)      Prepares Central Bank quarterly and Central Statistical Office annual reports.

h)     Processes and reviews Weekly Paid Wages according to all relevant work flow procedures and processes.

i)       Assists with Local and Foreign Purchasing activities as outlined in the TES’ Business Management System including:

i)       Liaising with Purchasing and Inventory staff concerning Local and Foreign Payables, customs and brokerage, costing of shipments and inventory management issues

ii)      Assisting with ensuring the accurate and timely processing of receipts into inventory on identified software

iii)    Assisting with the efficient management of Open Requisitions, Open Purchase Orders and Unvouched Receipts, and Prepayments

iv)    Assisting with maintenance up to date records of all orders / shipments in accordance with the corporate policy andquality manual.

v)     Coordinating activities with Purchasing and Inventory staff to ensure accurate Inventory records and producerelevant reports as required

vi)    Functions as a backup for following department positions as required:

• Accountant
• Accounting Assistants