KRONES  is a world market leader within the food and beverage machinery industry-designs, develops, manufactures and installs both machines and complete filling and packaging lines in a multinational environment, its main customers being, multinational breweries and beverage producers, food, chemical, pharmaceutical and cosmetic industries. We are looking for candidates who want to make a difference and who wish to be part of our dynamic organization.

Advertisement – Financial Accountant - Krones Ethiopia

 Overview of the Job

We are searching Financial Accountant is responsible for maintaining all financial aspects of the company.He/she is responsible to devise, implement and maintain admin and financial/accounting procedures for internal and external purposes, which comply with the laws of the state, provide information to the company’s holding company as well as feed-back to company’s management. He/she will assist the Finance Manager in preparing the monthly Financial and Management Accounts by accurately maintaining and administering all related processes and procedures.

Responsible for implementing all administrative procedures including Personnel, Labour, Tax, and Commercial Law. He/she will keep abreast of changes in financial regulations and legislation.The Financial Accountant reports to the Finance Manager.

 Job Responsibilities

include but not limited to:

•  Periodic keeping of accounts within the given parameters of the accounting system; maintenance of the General Ledger Accounts, journal postings and balance sheet reconciliations; Monthly input of all accounting transactions into SAP/Pastel

• Monthly Financial Reporting by specific deadlines within the month (all related functions i.e., month end procedures, verify trial balance entries, balance sheet reconciliations, working with SAP reports, etc.).

• Monthly Management Accounts – preparation and detailed analysis of all accounts including verification of project codes and correct distribution of costs to the relevant cost centers.

• Liaise with other departments to ensure the smooth and timely flow of processes and documents and the proper application of IAS and IFRS’s.

• Annual Audit preparation and assistance; be responsible for the annual audit process (balance sheets, tax, etc.) in cooperation with the appointed external auditors; completion of interim and final financial audits in accordance with IFRS and for local reporting.

• Preparation of all statutory returns under any statute or regulation affecting the business of the company and maintain all statutory registers; Liaise with tax advisor to ensure accurate handling of VAT, WHT, Corporation Tax, Training Levies, etc. and timely payment of the same.

• Liaison and maintenance regarding all staff benefit funds

• Liaison and communication with government departments, including handling and managing Government Audits; Ensure compliance in terms of tax, labour law, commercial law, local authorities, etc.

• Maintain the Fixed Assets Register and update on a monthly basis, Capex approvals and monthly depreciation runs and postings

• Liaise with Supply Chain and Warehouse and ensure Stocks and Goods in Transit are well maintained and reconciled on a monthly basis; Maintain and provide system reports as and when required

• Attend to all bank matters including LC’s, Forex and constant follow ups; to maintain professional treasury and banking relationships, auditors, solicitors and Revenue Authorities

• Arrange and maintain insurance covers and attend to insurance claims

• Ensuring that Company Procedures and Compliance Requirements are adhered to

• Administration and maintenance of all the General Ledger Accounts, Accounts Payables and Accounts Receivables on SAP/PASTEL.

• Completion of Monthly Standard Journals timeously and accurately

• Payments; Cashbook maintenance and monthly reconciliations; Creditor’s payments; System accounts maintenance; prepare cash flows; daily postings of all cash and bank transactions; payment approvals and four eye principals always maintained

• Input Job costs and related transactions, manage commissions payable.

• Completion and submissions of statutory returns timeously and accurately.

• Adherence to accounting internal controls in all aspects of work and ensuring strong compliance

• Manage travel advances for all staff including technicians.

• Maintain good relationships with external stakeholders especially bankers, auditors, tax consultants, customers and suppliers

• Carry out any other financial or business related activity as per requirement of the company

Job Requirements

Knowledge and Experience

• Knowledge of SAP and Pastel.

• Market knowledge                                                                  

Qualification and Education

• Degree or Diploma in Accounting and Finance or Business Administration: CPA, ACCA.

• Minimum 5 years’ experience in similar role; preferable with audit background

• Knowledge of business administration; Financial & Management Accounting Reports and Budgets            

Personal competencies

• Positive attitude, good interactive and communication skills

• Team player, deadline driven, dedicated and passionate

• Strong understanding of the various taxes and laws applicable in Ethiopia, as well as Accounting Standards IAS and IFRS

• Monthly workflow planning; attention to detail and accurate

• Well-developed sense of responsibility and accountability

• Fluent in speaking English and Amharic.

Computer Skills

• Strong computing skills (SAP/Pastel, MS Office – Excel. Word, Power Point, etc.)

How to Apply

Should you meet the above mentioned requirements, please send us your CV and application letter. Job advertisements - Krones

Application Deadline: 28 of July 2023