Job Description

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