Branch Accountant

Roles and responsibilities

1. Financial Record Keeping

• Maintain accurate and up-to-date financial records for the branch, including journals, ledgers, and financial statements.
• Ensure all financial transactions (sales, purchases, payments, receipts, etc.) are properly recorded and classified.
• Reconcile branch accounts regularly, ensuring that discrepancies are identified and resolved promptly.

2. Cash Flow Management

• Monitor and manage the branch’s cash flow to ensure adequate liquidity for daily operations.
• Prepare daily, weekly, or monthly cash flow reports and ensure proper cash handling and safekeeping.
• Approve and track payments, disbursements, and receipts, ensuring all transactions are properly documented.

3. Accounts Payable and Receivable

• Manage accounts payable, ensuring that all invoices are paid accurately and on time.
• Oversee accounts receivable, ensuring that payments from customers are received, processed, and reconciled.
• Prepare reports on outstanding debts and take necessary actions to follow up on overdue payments.

4. Budgeting and Financial Planning

• Assist the branch manager in the preparation of branch budgets, ensuring that they align with the overall financial goals of the organization.
• Monitor branch expenses against budgeted figures and report any variances to management.
• Analyze financial performance and recommend adjustments to improve efficiency or profitability.

5. Financial Reporting

• Prepare regular financial reports (daily, weekly, monthly) for branch management, including income statements, balance sheets, and cash flow statements.
• Ensure that financial reports are accurate, complete, and compliant with company policies and accounting standards.
• Provide financial analysis and insights to support decision-making and business strategy at the branch level.

Desired candidate profile

• Accounting Knowledge: Proficient in general accounting principles (GAAP), financial reporting, and accounting software.
• Attention to Detail: High level of accuracy and attention to detail when preparing financial reports, invoices, and reconciliations.
• Analytical Skills: Strong ability to analyze financial data, identify trends, and offer insights for decision-making.
• Organizational Skills: Ability to manage multiple financial tasks and meet deadlines efficiently.
• Communication Skills: Effective communication skills for interacting with branch staff, management, and external stakeholders.
• Problem-Solving Skills: Ability to address discrepancies, resolve financial issues, and recommend improvements in processes.
• Confidentiality: High level of discretion and confidentiality when handling sensitive financial data.
• Tech-Savvy: Familiarity with accounting software, spreadsheets, and financial management tools.