Accounting Clerk

The Accounting Clerk is responsible for overseeing all aspects of the company's cash and bank operations and tax returns working. This role requires a strong understanding of accounting principles, excellent analytical and problem-solving skills, and meticulous attention to detail. The Cash and Bank Accountant will play a crucial role in ensuring the accuracy and integrity of the company's financial records.

JOB ROLE AND RESPONSIBILITIES

Bank Reconciliation:

• Perform daily/monthly reconciliations of all bank accounts.
• Investigate and resolve any discrepancies between bank statements and company records.
• Prepare journal entries to adjust bank accounts for reconciling items.

Cash Management:

• Monitor cash balances and ensure sufficient funds are available to meet operational needs.
• Prepare cash flow forecasts and reports.
• Manage bank relationships and ensure compliance with bank regulations.

Cash Transactions:

• Process and record all cash receipts and disbursements.
• Prepare and process bank transfers and wire transfers.
• Check all the petty cash bills submitted by operations with approvals
• Maintain accurate records of all cash transactions.

Petty Cash:

• Manage and reconcile petty cash funds.
• Prepare and process petty cash reimbursements.

Tax Compliance:

• Prepare and file for the quarterly VAT returns
• Ensure compliance with all applicable tax laws and regulations.
• Research and interpret tax laws and regulations.

Financial Reporting:

• Assist in the preparation of monthly, quarterly, and annual financial statements.
• Prepare various reports related to cash flow and bank activity.

Internal Controls:

• Assist in the implementation and maintenance of internal controls for cash and bank operations.
• Identify and mitigate risks associated with cash handling and bank transactions.

KEY PERFORMANCE INDICATORS

• Reconciliation Accuracy: Maintain the accuracy of bank reconciliations, account reconciliations, and other key reconciliations. (Target 100% accuracy)
• Accuracy of cash balance report: Maintain accurate cash balance statement (Target 100% accuracy)
• Accuracy & timely filing of tax returns: Ensure accuracy and timely filing of VAT returns(Target 100% on time and accuracy)
• Timely opening of account: Ensure timely opening of customer and vendor account(Target 100% accuracy)

QUALIFICATIONS:

• Bachelor’s degree in accounting or finance preferred.
• 2-5 years of experience in an accounting role, with a focus on cash and bank reconciliations.
• Strong understanding of accounting principles and procedures.
• Proficiency in Microsoft Excel and accounting software (e.g., QuickBooks, NetSuite). Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Excellent organizational and time management skills.
• Ability to work independently and as part of a team.

KEY COMPETENCIES:

• Technical Expertise: Knowledge of accounting principles, bank reconciliation procedures, and cash management techniques, applicable tax laws.
• Analytical Skills: Ability to analyze bank statements, identify discrepancies, and investigate issues.
• Problem-Solving Skills: Ability to resolve complex accounting issues related to cash and bank transactions and tax laws.
• Attention to Detail: Meticulous attention to detail in all aspects of the role.
• Organization & Time Management: Ability to prioritize tasks and meet deadlines.
• Work Ethic: Strong work ethic and a commitment to accuracy and efficiency.

Job Type: Full-time