Senior Accountant

Reporting to the Financial Controller, the incumbent is responsible for overseeing the company's, financial activities, ensuring compliance with accounting standards and regulations, and providing strategic financial guidance to the Financial Controller.

REMUNERATION

Basic Salary: $4,269,000.00 per annum

2 Year Renewable Contract 

NUTRITION PRODUCTS LIMITED

SCOPE OF WORK

Senior Accountant

Reports to:                     Financial Controller

Direct Report:                Financial Accountant

Indirect Report               Senior Accounting Technicians

                                      Accounting Technicians

                                      Accounting Clerks

JOB PURPOSE:    Reporting to the Financial Controller, the incumbent is responsible for overseeing the company's, financial activities, ensuring compliance with accounting standards and regulations, and providing strategic financial guidance to the Financial Controller. 

KEY OUTPUTS:

• Financial reports are prepared
• Account balance and bank statements are reconciled
• Timely submission of budget
• Reconciliation of accounts
• Carrying costs are minimized
• Cost deviations are tracked and corrective actions taken
• Reduction in inventory obsolescence
• Accounting procedures are established and maintained
• Operational goals of the department are met

KEY RESPONSIBILITIES:

• Prepare and analyze monthly, quarterly, and annual financial reports, including balance sheets, income statements, and cash flow statements.
• Ensure accuracy and compliance with FAA and other relevant accounting standards.
• Collaborate with department heads to develop annual department budgets and long-term financial forecasts.
• Monitor variances between actual and budgeted performance and provide

recommendations for improvement.

• Analyze product costs, manufacturing processes, and overhead expenses to identify opportunities for cost optimization and efficiency improvements.
• Conduct variance analysis to track deviations from standard costs and recommend corrective actions.
• Lead the annual budgeting process for manufacturing and operational expenses.
• Develop accurate forecasts based on historical data, market trends, and business projections.
• Monitor performance against budget and forecast and regularly update senior management.
• Oversee inventory valuation, reconciliation, and reporting processes.
• Implement inventory control procedures to minimize carrying costs and reduce inventory obsolescence.
• Reconciling account balances and bank statements٫ maintaining the general ledger٫ preparing month-end close procedures and ensuring accuracy and effectiveness
• Support the Financial Controller in establishing and maintaining accounting control procedures
• Assist the Financial Controller in ensuring financial operations goals are achieved

• Prepare GCT reconciliations to compare GCT returns
• Manage internal and external auditor requests or exercises throughout the year

MINIMUM REQUIRED QUALIFICATION AND EXPERIENCE:

• First Degree in Business Administration, Accounting, OR ACCA Fundamentals.

• At Least five (5) years’ experience working in an accounting department at a senior level

Working Conditions Associated with The Job:

• Required to work long hours
• High level of stress

Authority:

• Sign off on audit working papers
• Sign audit reports
• Determine audit actions
• Authorise the validation of any system revised or implemented

REQUIRED SKILLS/COMPETENCIES:

Core:

• Good interpersonal and customer service and interpersonal skills
• Good written and oral communication skills
• Excellent ethics and integrity exercised in the performance of duties

Functional

• Excellent knowledge of auditing standards and procedures including value for money audit
• Excellent knowledge of the organization’s policies and procedures
• Excellent analytical and quantitative skills
• Good presentation skill
• Good planning and organizing skills
• Ability to work as a team
• Good practical experience of accounting software application
• Sound knowledge of the FAA Act

LIASION

Internal

• Financial Controller
• Managers/staff

External

• Commercial Banks
• Ministry of Education Youth and Information
• Suppliers of goods and services
• External Auditors
• Tax Administration Department