The Financial Accountant is responsible for ensuring that FSD Africa’s financial information is complete and financially sound; that they are managed through a robust and proactive reporting system and provide accurate, financial reporting insights to enable comprehensive financial decision making
You have a degree Commerce, Business Administration or related
You have a professional qualification in ACCA and or CPA
You have excellent written and spoken English
At least 3 years of experience in a similar role with a reputable medium to large organization
Good knowledge of IFRS and Tax Management
Responsibilities
Accounting and Financial Reporting
Prepare accurate, timely, and prudent financial and management information reports to support effective financial decisions:Prepare and or extract periodic financial statements to inform on current status and projected performance to the different stakeholders e.g. senior management, BOD and the public (Statutory accounts)
Review, maintain, and reconcile general ledgers and sub ledgers in the financial information system
Review payment vouchers to ensure timeliness, completeness, and accuracy of supporting information in the processing of payments
Keep abreast of changes in financial regulations and legislation, and ensure compliance with statutory obligations to minimise risk of litigation, financial and reputational loss, etc.
Ensure accurate and timely financial reporting of both FSDA and FSDA(I)
Analysis & Advisory
Ensure that all expenditures are aligned to FSD Africa budgets and prepare regular analysis of status highlighting any areas of concern:Advise on appropriate technology to meet the organisation’s financial data processing, controls, and reporting requirements
Contribute to the development of the annual budget by providing guidance to departments/budget holders during department budget planning
Support the Financial Analyst in preparation of monthly performance/variance analyses and forecast reports, carrying out cash flow analysis and management (financial projections) to inform management decisions
Review monthly expenditure and recommend areas where savings can be made.
Participate in identifying financial risks, and threats pertaining to financial processes and systems of the organisation
Coordinate, prepare and submit external audit materials
Disbursement of Payments
Ensure accurate and timely disbursement of funds; ensuring that payments are made to vendors, implementing partners, service providers and other stakeholders:Disburse all payments and funds in an accurate and timely manner and ensure the update of the general ledger and sub ledgers
Prepare and process payroll and other allowances, ensuring correct calculation of statutory deductions
Always ensure compliance with FSD Africa’s financial policies and standards when making payments
Ensure that taxes are payed, and reporting made timely and accurately; ensure collection of tax payment certificates for purposes of claiming any tax credits.
Reconcile account payables and prepare monthly cost centre and operations performance reports
Prepare end of period adjustments; accruals for provisions for unbilled monthly expenses and amortization of prepayments
Financial Administration
Support the Finance Manager in ensuring that routine financial administration is carried out in accordance with good accounting practice:Manage inventory at all time (consumables and fixed assets), and ensure that all FSD Africa’s fixed assets are on the register
Maintain financial records (both system and physical)
Actively participate in the sensitisation of staff and suppliers and provide guidance on improved payment processes, accountability and practices
Supervision of Staff
Lead the unit effectively and efficiently to ensure the provision of high levels of (internal & external) customer service:Plan and organise the work of the unit to achieve team and functional objectives in the most cost-effective manner possible; ensuring that team members are given appropriate workloads and are working efficiently
Monitor and review performance; hold subordinates accountable for achieving results, meeting standards of excellence, and delivering any improvement goals which have been identified; taking decisive action in the case of poor performance
Provide leadership to the unit, managing performance and providing an engaging leadership style to ensure motivation; carry out their performance appraisals and identify training and development needs
Job Requirements
Required education
: Bachelor's degree
Required relevant work experience
: 3 years
Required languages:
English (Spoken: fluent | Written: fluent)
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