Branch Accountant

Roles and responsibilities

1. Financial Recordkeeping and Reporting:

• Maintain Financial Records: Ensure that all financial transactions related to the branch are recorded accurately in the company’s accounting system (e.g., purchases, sales, receipts, payments, expenses).
• Prepare Financial Statements: Prepare monthly, quarterly, and annual financial reports such as balance sheets, income statements, and cash flow statements for the branch.
• General Ledger Management: Regularly update and maintain the branch’s general ledger, ensuring that all accounts are reconciled and accurate.
• Compliance with Accounting Standards: Ensure all financial records adhere to generally accepted accounting principles (GAAP) or local accounting standards.

2. Budgeting and Financial Planning:

• Budget Preparation: Assist in the preparation and monitoring of branch budgets, ensuring alignment with company goals and financial targets.
• Expense Monitoring: Track expenses against the budget, highlighting discrepancies and ensuring cost-control measures are in place.
• Variance Analysis: Perform regular analysis of budget versus actual performance, identifying and explaining any variances, and recommending corrective actions.

3. Cash Management:

• Cash Flow Management: Monitor daily cash inflows and outflows to ensure that there is sufficient cash for branch operations, paying attention to cash shortages or surpluses.
• Bank Reconciliation: Perform regular bank reconciliations to ensure all transactions are accurately reflected in the branch’s financial records.
• Cash Handling Oversight: Oversee the proper handling of cash transactions within the branch, ensuring proper controls are in place to avoid discrepancies or fraud.
• Petty Cash Management: Manage the petty cash fund for the branch, ensuring that all withdrawals and expenses are documented and reconciled.

4. Accounts Payable and Receivable:

• Accounts Payable: Ensure that all invoices and bills are paid on time, accurately recorded, and comply with company policies. This includes managing supplier relationships and negotiating payment terms if applicable.
• Accounts Receivable: Oversee the collection of outstanding payments from customers, ensuring that the branch maintains healthy accounts receivable. Follow up on overdue accounts and initiate necessary collection actions.
• Credit Control: Monitor customer credit limits and ensure that sales are conducted within approved credit terms.

Desired candidate profile

• Accounting Knowledge: A solid understanding of accounting principles, financial regulations, and practices.
• Attention to Detail: High attention to detail to ensure accuracy in financial records and reports.
• Analytical Skills: Strong ability to analyze financial data and provide actionable insights to management.
• Proficiency with Accounting Software: Familiarity with accounting tools and software (e.g., QuickBooks, SAP, Oracle, MS Excel).
• Time Management: The ability to prioritize tasks and meet deadlines, particularly during month-end or year-end close processes.
• Problem-Solving: Ability to troubleshoot financial discrepancies and resolve issues quickly.
• Communication Skills: Strong written and verbal communication skills for reporting financial information and collaborating with other departments.
• Confidentiality: High level of integrity and confidentiality when handling sensitive financial data.