Assistant Manager - Account and Finance

Overall Role Objective :

Lead and supervise a team of junior accountants and accounting assistants. Assign tasks and ensure the team is meeting deadlines and quality standards. Provide training, mentorship, and performance feedback to the accounting team.

Key Accountabilities

1. Financial Record Keeping:

• Oversee the accurate recording of financial transactions in the general ledger.
• Ensure all transactions, such as contract payments, client invoices, and operational expenses, are recorded accurately.
• Maintain up-to-date financial records and ensure timely reconciliation of accounts.

1. Accounts Payable & Receivable:

• Oversee the processing of vendor invoices, ensuring timely and accurate payments.
• Manage accounts receivable, including client invoicing, payment collection, and follow-up on overdue accounts.
• Handle client queries related to billing and payments.

1. Preparation of Financial Statements:

• Assist in the preparation of monthly, quarterly, and annual financial reports, including income statements, balance sheets, and cash flow statements.
• Work closely with the Accounts Manager to analyze financial data and prepare reports for senior management.

1. Budgeting & Forecasting:

• Assist in the preparation and management of budgets, ensuring financial targets are met.
• Support the forecasting process, adjusting forecasts based on actual performance and market conditions.

1. Taxation & Compliance:

• Assist in the preparation of tax filings, ensuring compliance with local and federal tax regulations.
• Support the tax department in preparing documents for audits and filings.
• Ensure the organization adheres to industry-specific regulations and accounting standards (GAAP, IFRS).

1. Internal Control & Audit:

• Implement and maintain internal controls to safeguard company assets and ensure accurate financial reporting
• Support internal and external audits, providing necessary documentation and explanations when required.

1. Reporting & Analysis:

• Generate regular reports on the financial status of the company, identifying trends, discrepancies, and areas of improvement.
• Quarterly reconciliation of the vendor accounts.

Key Competencies

The Assistant Accounts Manager will support the Accounts Manager in overseeing the day-to-day accounting activities, ensuring accurate financial records, and assisting in the preparation of financial reports. The role involves managing financial processes and accounts, overseeing a team of junior accountants, and maintaining the financial health of the company.

Educational Qualifications

• Bachelor s degree in Accounting, Finance, or a related field.
• Professional training in the field of Accounts and Finance.

Experience

Minimum of 5+ years of work experience in accounting or finance