Senior Accountant

Sub Department:
Finance and Accounting - Accounting & Controlling

Number of Openings: 1

Supports Financial Controllers in monthly / yearly closing and maintain proper records of Inventory, Expense accruals and VAT with timely recording and monthly reporting.

Inventory Control

• Monitor and report inventory movements including incoming and outgoing shipments, inter branch transfers, sales and purchase returns etc.
• Prepare report for inventory valuation, ageing and adjustments.
• Reconcile inventory ledger with General Ledger on monthly basis

Accruals and Prepayments

• Review and propose accruals on monthly basis for various types of expenses and their subsequent adjustment.
• Prepare schedule of prepayments and propose monthly vouchers for adjustments.

Month end activities

• Prepare Journal Vouchers for month end including accrual, provisions and adjustments.
• Prepare trial balance reconciliations for sub-ledgers with general ledgers
• Finalize the trial balance and prepare a set of Financial Statements for review of Financial Controller.
• Keep abreast with latest rules and regulations regarding VAT and prompt early action by Company.
• Prepare monthly reconciliation of Input VAT with purchasing reports.
• Prepare monthly reconciliation of Output VAT with sales reports.
• Prepare VAT return on monthly basis.
• Coordinate with GAZT for monthly return submission and subsequent queries.
• Support in provision of information and reports in VAT audits to be conducted by GAZT