- To maintain accurate financial records, ensure regulatory compliance, support management decision-making, and contribute to the financial health of the organization throughout the complete financial cycle using the REAN structure.
Key Responsibilities (REAN Structure)
Capture & Record Financial Activity
- Collect, verify, and record all incoming financial transactions (invoices, receipts, bank statements, expense reports)
- Process accounts payable: match purchase orders, verify invoices, obtain approvals, and enter the system
- Process accounts receivable: issue invoices, follow up on outstanding payments, record customer receipts
- Maintain fixed asset register, record acquisitions, disposals, and calculate depreciation
- Gather and classify supporting documentation for all financial events
Analyze, Reconcile & Interact
- Investigate and resolve discrepancies in accounts and transactions.
- Prepare and analyze monthly management accounts, variance reports, and key performance indicators.
- Respond to internal queries from department heads, program officer, and other employees regarding budgets, expenses, and payments.
- Liaise with external parties (suppliers, customers, banks, tax authorities) on finance-related matters
- Prepare accurate and timely financial statements (balance sheet, income statement, cash flow)
- Support statutory audits: prepare working papers, schedules, and respond to auditor queries.
- Ensure compliance with applicable accounting standards, tax laws, and internal policies.
- Submit statutory filings, tax returns, and other regulatory reports on time
Forecast, Improve & Advise
- Prepare annual budgets, rolling forecasts, and cash flow projections
- Monitor financial performance against budget, highlight risks/opportunities, and propose corrective actions
- Identify process inefficiencies and recommend improvements to accounting procedures and internal controls
- Support cost analysis, profitability studies, pricing decisions, and investment appraisals
- Maintain up-to-date knowledge of changes in accounting standards, tax legislation, and best practices
- Contribute to finance team development through knowledge sharing and training of junior staff
Qualifications & Requirements
- Bachelor's degree in Accounting, Finance, or related field
- Professional qualification (ICAN preferably)
- 3 - 4 years of progressive accounting experience (depending on seniority level)
- Strong knowledge of accounting principles, financial reporting, and tax basics.
- Proficiency in accounting software (QuickBooks, Xero, SAP, Oracle, NetSuite, or similar) and advanced Excel
- High attention to detail, analytical mindset, and strong numerical accuracy.
- Excellent communication and stakeholder management skills.
- Accuracy & Detail Orientation - Ensures precision in financial records.
- Analytical Thinking - Provides insights for financial decision-making.
- Confidentiality - Handles sensitive financial information responsibly.
- Time Management - Meets deadlines and manages multiple priorities.