Roles and responsibilities
1. Financial Record Keeping
- Maintain accurate and up-to-date financial records, including ledgers, journals, and financial statements.
- Prepare and post journal entries to the general ledger, ensuring all transactions are recorded correctly.
2. Account Reconciliation
- Reconcile bank statements and accounts to ensure accuracy and identify discrepancies.
- Investigate and resolve any variances or issues related to account balances.
3. Financial Reporting
- Prepare monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.
- Generate reports for management and stakeholders to aid in financial analysis and decision-making.
4. Budgeting and Forecasting
- Assist in the preparation and monitoring of budgets, providing insights into variances and financial performance.
- Support financial forecasting efforts by analyzing historical data and projecting future revenues and expenses.
5. Tax Compliance
- Prepare and file tax returns, ensuring compliance with local, state, and federal regulations.
- Stay updated on tax laws and regulations to ensure the organization meets its tax obligations.
6. Accounts Payable and Receivable
- Manage accounts payable processes, including processing invoices and ensuring timely payments.
- Oversee accounts receivable functions, including invoicing customers and tracking payments.
7. Audit Support
- Assist in internal and external audits by providing necessary documentation and explanations of financial processes.
- Implement audit recommendations to enhance financial controls and compliance.
8. Financial Analysis
- Conduct financial analysis to identify trends, variances, and opportunities for cost savings or revenue enhancement.
- Provide insights and recommendations based on financial data to support strategic decision-making.
9. Compliance and Controls
- Ensure compliance with financial regulations, accounting standards (e.g., GAAP or IFRS), and internal policies.
- Develop and maintain financial controls to safeguard the organization’s assets and prevent fraud.
10. Collaboration and Communication
- Collaborate with other departments to gather financial data and support cross-functional initiatives.
- Communicate financial information effectively to non-financial stakeholders, ensuring understanding of financial implications.
Desired candidate profile
1. Educational Background
- Bachelor’s degree in accounting, finance, or a related field. A Master’s degree in accounting or an MBA with a focus on finance is a plus.
- Relevant certifications, such as Certified Public Accountant (CPA), Chartered Accountant (CA), or Certified Management Accountant (CMA), are highly desirable.
2. Experience
- 2-5 years of experience in accounting or finance roles, preferably in a corporate environment.
- Familiarity with accounting software (e.g., QuickBooks, SAP, Oracle) and advanced proficiency in Microsoft Excel.
3. Technical Skills
- Strong understanding of accounting principles and practices (GAAP or IFRS).
- Proficiency in preparing financial statements, reports, and tax filings.
- Experience with financial analysis, budgeting, and forecasting.
4. Attention to Detail
- Exceptional attention to detail and accuracy in financial reporting and data entry.
- Strong analytical skills to identify discrepancies and variances in financial records.
5. Regulatory Knowledge
- Knowledge of tax laws and regulations applicable to the organization’s industry and geography.
- Awareness of compliance requirements related to financial reporting and audits.
6. Problem-Solving Skills
- Ability to identify problems and provide solutions in financial processes.
- Critical thinking skills to analyze data and draw meaningful conclusions.
7. Communication Skills
- Excellent verbal and written communication skills, with the ability to present financial information clearly to non-financial stakeholders.
- Capacity to collaborate with cross-functional teams and explain financial concepts effectively.