The Financial Accountant is responsible for maintaining all financial aspects of the company. He/she will devise, implement and maintain financial/accounting procedures for internal and external purposes, which comply with the laws of the state as well as feed-back to company’s management. He/she will assist the Financial Controller in preparing the monthly Financial and Management Accounts by accurately maintaining and administering all related processes and procedures. The Financial Accountant will be responsible for administrative procedures including Personnel, Labour, Tax, and Commercial Law while keeping abreast of changes in financial regulations and legislation. The Financial Accountant reports to the Financial Controller.

Tasks and Responsibilities 

• 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 S4hana. 

• 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 S4Hana reports, Preparation of Financial Statements etc.) 

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

• Liaise with Supply Chain and Warehouse and ensure Stocks and Goods in Transit are well maintained and reconciled monthly. 

• 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. 

• 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. 

• Completion and submissions of statutory returns timeously and accurately. 

• Manage travel advances for all staff including technicians. 

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

Job Requirements

• Bachelor’s degree in accounting/finance or similar field. 

• Relevant Professional qualification – ACCA, CPA 

• Minimum 3 years experience in a financial environment preferable with an audit background 

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

• Demonstrate high levels of integrity 

• Strong computer skills (MS office – excel, word, power point. SAP/S4Hana is an added advantage) 

• Positive attitude, strong communication skills (English and Amharic) 

• Team player, deadline driven, dedicated and passionate 

• Ability to work independently and manage multiple deadlines. 

• Attention to detail and analytical skills

How to Apply

Interested and Qualified applicants are invited to send their updated resume to lidiya.ashenafi@ethiojobs.net using a subject line “Krones East Africa”