Branch Accountant at Mantrac Group

Job Objectives

• The Branch Accountant is expected to manage the financial activities of the branch effectively and efficiently
• He represents the entire Finance function within the branch and acts to ensure that there are no gaps between the Finance HQ and the Operations at the branch
• To ensure strict adherence to policies, procedures, internal controls and other finance processes are operating effectively and ae complied with in the branch
• Ensure accurate and timely postings and records within the given month end calendar
• Provide support for the management accountant in the exercise of this duties and streamlines at the processes at the branches

Main Duties And Responsibilities

• Review monthly branch reporting packs and commentary, investigating any anomalies / variances that requires additional explanation with the branch and providing a summary to the management accountant
• Develop an understanding of branch financial operations through regular interaction with the Head Office and be able to reconcile to financial performance and identify anomalies
• Review online bank statements on a weekly basis, perform bank reconciliations, liaising with the branch to confirm details of payments / cash received, against back-up documentation. Record and report any anomalies, unexplained transactions to the Treasury Controller
• Monthly review of trials balance from the local ERP vs group reporting pack confirmation of balance and movements, review of accruals / provision accounts monthly with the branches. Provide a summary report for the management accountant recording any issues & unusual movements in the month
• Ensure local authorizations and local legal requirements are completed in line and valid
• Detailed review of customer sales ledger balances and timing of sales particularly for month-end and coordination meeting with service and parts team
• Monthly review of branch expense and monthly performance conversation with the branch operations team (Parts & Services)
• Branch hub control & audit report follow-ups, chasing outstanding actions and to assist in closing points by the required deadline, developing additional policies and processes to further enhance the control environment
• Ensure all statutory reporting requirements are detailed and send to the Head Office as per the month end calendar
• Maintain and review log of queries raised with the branches to highlight increased questionable activity

Qualification Required & Experience

• Accountancy (CA, CIMA, ACA or ACCA or overeas equivalent) or Bachelor's Degree in Finance / Accounting
• Master's Business Administration (Desirable)