Job Description

A company duly registered in Ghana for the supply of medical equipment and pharmaceutical products seeks to hire a Financial Accountant who will be responsible for managing all accounting and financial-related activities of the organization. Areas of responsibility include financial strategy and reporting, budgeting, cash flow management, taxation preparation, debt and inventory management. She/he will provide advice and financial intelligence to senior management and develop strategies and plans for the actualization of the long-term financial goals of the organization.

Key result areas:

Strategy, budgeting and budgetary control, tax planning and management, financial intelligence and reporting, inventory oversight, cost reduction strategies, internal audit and control

  1. Strategy
  • Support the organization in meeting its strategic long-term financial goals
  • Provide executive management with advice on the financial implications of business operations/decisions
  • Advise on the impact of long-range planning, introduction of new programs/strategies and regulatory actions
  • Developing financial management mechanisms that minimize financial risk
  • Conducting reviews and evaluations for cost-reduction opportunities
  • Keeping abreast with changes in financial regulations and legislation
  1. Budgeting and Budgetary Control
  • Review of budget against actual cost and revenue.
  • Developing forecasts; reporting results; analyzing variances; developing improvements
  • Ensure that effective internal controls and audit measures are put in place and ensure compliance
  • Formulate policies for budget and forecast preparation; assist other departments in budget creation; prepare the annual company budget, monitor and report on variances
  1. Tax Planning and Management
  • Act as liaison with relevant tax authorities during Tax Audit exercise
  • Ensure prompt and accurate submission of the company’s tax returns (Company Income Tax, PAYE, WHT & VAT)
  • Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations such as the Inland Revenue
  • Prepare supporting information for the annual audit exercise and liaise with external auditors as necessary
  1. Financial Intelligence and Reporting
  • Prompt generation of landing cost of imported machines and consumables for profitable pricing
  • Develop and provide timely, accurate and appropriate financial statements and reports for all users in accordance with International Financial Reporting Standards (IFRS)
  • Create and maintain financial accounting systems for cash management, tax management, accounts payable and receivable, credit controls, inventory management and petty cash
  • Develop and apply policies and processes to ensure financial information is secure and stored in compliance with current legislation
  • Implement and ensure adherence to internal financial and accounting policies and procedures
  • Maintain complete and accurate supporting documentation for all financial transactions
  • Manage the company’s cash flow and prepare cash flow forecasts on a regular basis
  • Maintain proper record of assets, amortization and depreciation as appropriate
  • Compute key business metrics and report on them to management; create additional analyses and reports as requested
  • Generation of monthly sales and purchases schedule for trend analysis
  • Ensure customer invoices are generated as at when due
  • Ensure all cost associated with executed project are efficiently captured in vendor’s ledger
  • Ensure executed projects are promptly recognized in customer ledgers
  • Ensure correctness of customer receivable and follow up for payment on due date
  • Ensure bank reconciliation is promptly carried out
  • Reconciliation of customer and vendor ledgers
  • Closure of month-end provisions, prepayment and amortizations
  • Internal control: ensure operational effectiveness and efficiency and compliance with regulations and policies in financial reporting
  1. Inventory Oversight
  • Ensure inventory control procedures are strictly adhered to
  • Determine accurate inventory valuation and inventory management system

Other expectations:

And any other tasks as assigned by senior management

Key Technical Skills and Competencies:

  • Financial planning and analysis
  • Knowledge of tax practice in Ghana (GRA)
  • Financial/business modelling
  • Presentation and reporting Skills
  • Budget preparation and control Skills
  • Knowledge of global best practice in financial reporting (IFRS)
  • Highly numerate and analytical
  • Excellent leadership, team management and collaborative skills
  • Business savvy; commercially and financially astute
  • Knowledge of relevant Accounting Applications/Packages, ERPs such as Sage, Odoo, etc, and Microsoft Excel

Educational Requirements:

  • Accounting/Finance.
  • MBA/Master’s degree will be an added advantage
  • Relevant professional qualification - ACA, ACCA, CIMA, CFA. CITN

Required Level of Experience:

  • Minimum of 4-6 years’ relevant finance experience

 
Job Type
Full-Time Regular