Senior Accountant
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Key skills for this role
About the Role
GCG Enterprise Solutions seeks a Senior Accountant to support the Chief Accountant in general accounting, month-end close, bank reconciliations, AR/AP, fixed assets, VAT, incentive computations, and inventory costing.
Key Skills for This Role
Responsibilities
- Analyse accounting activities and prepare journal entries
- Reconcile and maintain all assigned balance sheet schedules
- Prepare and maintain prepaid schedules (e.g. rent, insurance, service contracts)
- Analyse and prepare cost accruals
- Identify daily activity in bank accounts and ensure AR receipts matched with invoices
- Post cleared AP payments to the system daily and update bank position
- Prepare all bank reconciliations on a monthly basis
- Reconcile AR sub ledger with GL at month end
- Book supplier invoices with correct allocation after tallying with GRN and PO
- Execute AP payment process and review vendor payments
- Maintain fixed asset register, compute depreciation, and coordinate physical verification
- Calculate sales and staff incentives in accordance with approved plans
Requirements
- Bachelor’s Degree in Accounting, Finance, or related field
- Fully or Part qualified professional certification (CA / CPA / ACCA / CMA)
- At least 3 years’ experience as a Senior Accountant in a similar sized business
- Experience in incentive calculation and inventory costing
- Relevant experience working in an ERP environment (Oracle / SAP preferred)
- Experience with general ledger functions and the month end / year end close process
- Thorough knowledge of accounting procedures and internal controls
Full Job Posting
Job Summary
- Support the Chief Accountant in delivering the general accounting function, journal entries, balance sheet reconciliations, bank and AR/AP processing, fixed assets, and VAT. Drive an accurate, timely month end close. Own incentive computations and inventory costing, ensuring all transactions comply
Duties & Responsibilities
- Analyse accounting activities and prepare journal entries
- Reconcile and maintain all assigned balance sheet schedules
- Prepare and maintain prepaid schedules (e.g. rent, general insurance, medical insurance, service contract costs)
- Analyse and prepare cost accruals
- Identify daily activity in bank accounts
- Ensure all AR receipts are properly matched with invoices on a daily basis
- Post cleared AP payments to the system on a daily basis
- Update the bank position of all accounts daily and circulate to management
- Record bank interest and other bank charges
- Prepare all bank reconciliations on a monthly basis
- Account all AR receipts daily and match them with the respective invoices
- Reconcile and tally the AR sub ledger with the GL at month end
Fixed Assets and General Accounting
- Maintain supporting documentation for all fixed asset transactions
- Coordinate periodic physical verification of fixed assets and reconcile with the FAR
- Track Capital Work in Progress (CWIP) and capitalize on commissioning
- Reconcile the fixed asset sub ledger with the GL monthly and investigate variances
- Compute and post monthly depreciation and review useful lives and residual values
- Ensure capitalization of fixed assets in line with Company policy and IFRS
- Maintain the Fixed Asset Register (FAR) and record additions, disposals, transfers, and write offs in the ERP
- Prepare and maintain staff medical insurance data; ensure invoices are billed at the agreed rate and credit notes are received for resigned employees
- Prepare debit/credit notes for related party transactions, reconcile related party balances monthly, obtain counterparty confirmations, and resolve reconciling differences
- Maintain the provision for bad debts schedule and prepare month closing schedules for debtors
- Complete other tasks as may be assigned
Financial Reporting (Monthly Closing Activity)
- Perform month end closing activities
- Assist the Chief Accountant in preparing financial statements and other financial reports
- Prepare and file the monthly/quarterly VAT return
Incentive Plan Calculation and Payments
- Calculate sales and staff incentives in accordance with the approved incentive plans and policies of the Company
- Validate eligibility, performance achievements, and supporting data (sales, collections, KPIs) prior to processing incentive payouts
- Prepare incentive workings, obtain required approvals from the Finance Manager and HR/Management, and ensure timely processing of payments through payroll or AP as applicable
- Maintain proper documentation, accruals, and reconciliations of incentive provisions in the books of accounts
- Periodically review incentive plan computations for accuracy and compliance with policy revisions
Inventory Landed Costing and Cost Adjustments
- Ensure accurate computation and posting of landed costs for all inventory purchases, including freight, customs duty, clearing, insurance, and other related charges
- Review and validate landed cost allocations across items and shipments in the ERP system
- Monitor and process inventory cost adjustments, revaluations, and corrections on a timely basis
- Reconcile the inventory sub ledger with the GL and investigate variances arising from costing
- Coordinate with Supply Chain, Procurement, and Warehouse teams to ensure completeness and accuracy of cost data
Qualifications
- Bachelor’s Degree in Accounting, Finance, or a related field from a recognized university or institution
- Fully or Part qualified professional certification (CA / CPA / ACCA / CMA)
Experience
- At least 3 years’ experience as a Senior Accountant in a similar sized business
- Experience in incentive calculation and inventory costing
- Relevant experience working in an ERP environment (Oracle / SAP preferred)
- Experience with general ledger functions and the month end / year end close process
- Thorough knowledge of accounting procedures and internal controls
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