Summary
Date Posted: Saturday, June 10, 2023 , Base Salary: Not Disclosed

JOB DETAILS:
Description:
Reports to Head of Finance. The incumbent is responsible for scheduling and tracking of tasks within the Financial Control section to achieve efficiency and effectiveness and in a manner upholding sound internal controls.

Main duties
• Responsible for the overall management of a huge portfolio of Cash and Bank General Ledger Accounts (around 100 Cashbooks/Bank Accounts, multi-currency: ZMK, USD, GBP, Euro).
• Responsible for the accuracy and completeness of Cash/Bank accounts balances for management and financial reporting purposes.
• Daily review, reconciliation and clearance of the inter-bank transfers suspense accounts.
• Tracks details of outstanding transactions and amounts making up running balances in the inter-bank transfers suspense accounts.
• Oversee daily reviews, reconciliation and validation of balances sitting in all the cash-at-hand suspense accounts.
• Maintains up-to-date and accurate details of transactions making up balances in all the cash-at-hand suspense accounts.
• Continuously reviews the general suspense accounts, reconcile and cause to be cleared any pending entries to avoid carrying unsupported balances.
• Reconcile the account balance in the cash investments control account (GL) to the investments portfolio and assets type (e.g. cash-at-bank, fixed deposits, treasury bills/bonds, etc.).
• Maintains detailed breakdown of inter-company entries from Head Office and reconcile with counter-parties and obtain their sign-offs on account balances at reporting cut-off dates.
• Makes recommendations for clearing of inter-company balances through account settlement or swapping arrangements (e.g. balances between group companies).
• Tracks and validates balances in the staff debt recovery control accounts.
• Ensures completeness of accounting entries on surcharges/invoices/debit notes raised on staff and credits for recoveries effected through payroll.
• Reconciles the account balances in the GL to outstanding balances on the payroll recovery schedules.
• Ensure availability of detailed schedules on closing balances in provisions/accruals accounts.
• Plan and execute reconciliation of all types of receivables falling under head office (e.g. subaward debtors, operations debtors, etc.).
• Reconciliation of GL control accounts totals to related Sub-ledger combined balances.
• Reviews and tracks the running balance on the staff float portfolio through the GL control account and reconcile the totals to related Sub-ledger combined balances.
• Reviews and tracks the running balance on the various Accounts Payable GL control accounts (ZMK, USD, GBP, Euro, etc.) and reconcile the totals to related Sub-ledger combined balances.
• Assumes responsibility for handling audit reviews pertaining to financial controls within the scope of this role.

Qualifications
• Full Grade Twelve (12) Certificate
• Degree in Accountancy or equivalent
• Full professional qualification such as CA Zambia/CIMA/ ACCA
• Must be a registered member of the Zambia Institute of Chartered Accountants (ZICA)
• Minimum of five (5) years’ relevant post qualification experience, working in a busy finance and accounting environment
• Must possess practical skills in management and financial reporting
• Analytical and problem-solving skills
• Planning and organizational skills
• Teamwork and interpersonal communication skills
• Risk management skills
• Proven results-oriented attitude


Work Hours: 8

Experience in Months: 60

Level of Education: Bachelor Degree

Job application procedure

Interested and qualified click here to apply


All Jobs

QUICK ALERT SUBSCRIPTION