Accountant (1 Position)

Responsibilities

• Financial Management: Maintain accurate financial records, monitor cash flows, reconcile bank accounts, and ensure proper recording of all financial transactions.
• Financial Reporting: Prepare monthly, quarterly, and annual financial reports, including income statements, balance sheets, and cash flow statements.
• Budgeting and Forecasting: Assist in preparing annual budgets, monitor actual expenditure against approved budgets, and investigate significant variances.
• Tax Compliance: Prepare and coordinate tax computations, returns, and payments in accordance with applicable Tanzania Revenue Authority (TRA) requirements and tax regulations.
• Payroll Processing: Process monthly payroll, verify employee deductions and statutory contributions, and ensure timely and accurate salary payments.
• Accounts Payable and Receivable: Manage supplier payments, customer receipts, invoices, and outstanding balances while maintaining accurate supporting documentation.
• Procurement and Expenditure Control: Review procurement documentation, verify invoices against purchase orders and delivery records, and ensure compliance with internal financial procedures.
• Internal Controls and Auditing: Maintain effective financial controls, prevent errors and irregularities, and assist with internal and external audits.
• Regulatory Compliance: Ensure that accounting activities comply with applicable financial reporting standards, tax laws, and relevant microfinance regulatory requirements.
• Financial Analysis: Analyse financial performance, identify cost-saving opportunities, and provide management with information to support business decisions.
• Record Keeping: Maintain organised accounting records, payment vouchers, receipts, invoices, payroll records, and other supporting documents.
• Management Support: Provide accurate financial information and recommendations to management to improve financial performance and operational efficiency.

Qualifications

• A bachelor's degree in Accounting, Finance, Business Administration (Accounting option), or an equivalent relevant field from a recognised institution.
• CPA is an added advantage.
• Two years of experience in a busy accounting environment.

Skills