Role Summary
- The
Finance Officer – Financial Accounting is responsible for providing
financial accounting support to the Financial Controller and other finance
team leaders.
- The
person will be responsible for preparing, auditing, and analyzing the
financial statements of AGRA, making recommendations to the organisation
on best practices and strategic financial decisions, and ensuring that
his/her team adheres to requirements on tax, accounting standards, turn-around
times, book closure, accuracy of information, documents filings and other
financial reporting expectations.
- S/he
supports financial decision-making information by collecting, analyzing,
investigating, and reporting financial data.
Key Duties and Responsibilities
- Ensure
supplier invoices, staff claims and grants are received via the designated
channels; check for completeness and accuracy by ensure all necessary
support documents are attached.
- Code,
analyze, input accurately in the system and circulate for approval.
- Analyzes
and ensures accuracy of payment vouchers in Oracle
- Analyzes
and reconciles staff school fees and benefits accounts on a monthly basis.
Follows-up outstanding balances
- Analyzes
the Intercompany transactions to make sure the balances are aligned with
counterpart balances. Clearing accounts should be closed with nil balances
on a monthly basis
Analyzes and approves grants journals – both commitments and disbursements - Creates
special reports by studying variances; supports in the preparing budgets
and developing forecasts. Supports in providing variances analysis against
actual.
- Ensure
reconciliation of AMIS with ERP ledger balance on a monthly basis and
drawing up an action plan for any differences identified.
- Regular
review of exceptional transactions to ensure adequate explanations are
provided and any corrective measures put in place at the earliest
opportunity.
- Advises
on institutional audit support on an annual basis or as and when required
- Aligns
all allocated balances sheet reconciliations as per requirements-e.g.
Payables ledger and FAR vs General ledger.
- Ensures
any reconciling items are tracked and addressed on a monthly basis.
- Expands
own job knowledge by keeping current with financial regulations and
accepted practices; participating in educational opportunities; reading
professional publications; maintaining personal networks;
participating in professional organizations
Supervision and motivation of staff working under the role - Acquires,
summarizes and interprets data in order to respond to financial inquiries
as required.
- Monthly
book closure by 8th
- Maintenance
of agreed turnaround times (TATs) for payment of suppliers, grantees and
staff benefits and refunds. Ensure relevant reports are circulated on a
weekly basis.
- Leads
in annual physical verification of assets. Ensures any variances with the
assets register are adjusted on a timely basis
- Liaison
with Procurement to ensure that purchase orders are tracked and that open
ones are justified.
- Working
with treasury head to ensure there is visibility of upcoming payments in
respective currencies and ensure that the relevant bank account is funded
to accommodate the same.
- Championing
utilisation of the ERP and other automation tools
- Plans,
prepares and posts journals and manages the payables process
Academic, Professional Qualifications and Relevant experience
- Minimum
8 years of professional experience in accounting, finance, or financial
monitoring.
- Knowledge
of global, country/government accounting standards.
- A
Bachelor’s degree in accounting or finance.
- Accounting
certification (CPA, ACCA, CIMA,CA)
- Strong
analytical, data mining ability.
- Knowledge
of basic accounting procedures.
- In-depth
understanding of Generally Accepted Accounting Principles (GAAP)
- Familiarity
with financial accounting statements.
- Experience
with general ledger functions and the month-end/year-end close process.
- Hands-on
experience with accounting software packages/ERP, like Oracle, SAP,
Navision
- Excellent
proficiency in spreadsheets (Excel).
- Experience
in working with similar organizations or institutions will be an added
advantage.
- Experience
in working with Finance regulations and reporting standards and
requirements.
- Evidence
of the practice of a high level of confidentiality.
- Influencing
skills and ability to lead a small team.
- Highly
organized, results and detail orientated with a hands-on approach.
- Excellent
planning and organizing as well as problem solving/decision making ability.
How to Apply
Apply for the Finance Officer Job
here.