Job Description
To Manage the accounting function of SDC to ensure adequate and effective processing of suppliers payments as per schedule, logging accounting entries, preparing financial statements, and drafting financial reports in line with SDC's strategic objectives.
Responsibilities
- General Accounting Managing
- Oversee the General Ledger in order to ensure that it is in accordance with instructions Financial Accounting requirements. Control all postings from subsidiary ledgers such as accounts payable, fixed assets and payroll.
- Advise on the execution of accounting activities to ascertain that financial transactions and fixed assets are accurately registered on General Ledger (GL) according to local and international accounting standards.
- Share expertise on accounting operations to adhere to SDC's policies and procedures and help ensure that adequate internal controls are implemented in the accounting system of SDC to provide reliability, integrity, and accurate historical information to support management decision-making.
- Prepare the budget related to General Ledger, ensuring that adequate provision is made for all activities; monitor and control expenditure against approved budget and reconcile budget variances to ensure on-target performance against budgets.
- Ensure the issuance and coordinate the review of the monthly trial balance which would include accounts analysis, identification of discrepancies, follow-up requests and initiation of corrective actions.
- Contribute to the development and oversee the implementation of department policies, procedures and controls covering all areas of the department activities to ensure that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service to customers. Accounts Payable Advising
- Advise on the execution of central accounts payable activities to ensure that all payments, contracts, accruals, and related transactions are recorded and reconciled according to internal and statutory controls, as well as appropriate international standards.
- Provide advice to ensure timely and accurate cost allocation of transactions/payments to the respective stakeholder and help guarantee timely consolidation and communication of payments to support accurate and efficient cost control.
- Share expertise on assessing payment reports and transactions by performing corrective actions to enhance the accounting and processing of payments. Project Accounting Managing
- Guide the preparation of financial reports, budgets, and forecasts for projects for effective financial management.
- Ascertain that invoices are accurately prepared and that efficient documentation, analysis, and reconciliation of relevant data are performed as per SDC policies and procedures. Accounting Analysis
- Supervise the preparation and review the financial statements along with the accompanying notes and ensure they are submitted to the Division Manager and Financial Statement Consolidation section on time
- Advise on the process of financial forecasting and budgeting, review spending against the budget, and recommend prompt solutions to avoid risks of overspending. Stakeholder Management
- Secure effective financial reporting to the Director of Accounting including financial statements and progress reports.
- Coordinate with external auditors and the internal controllers to guide and facilitate financial statement validation.
- Coordinate with the IT team to assist in ensuring alignment and system compatibility with business needs.
Qualifications
- Bachelor's degree in Finance or equivalent from a recognized and accredited university.
- Master's degree in any related field from a recognized and accredited university is preferred.
