Financial & Reporting Accountant at PZ Cussons

The Financial and reporting Accountant reports to the Head of Finance and is responsible for providing effective supervision of the Accounts Receivable, Accounts Payable, payroll and Cash-flow and treasury services and managing liquidity both for local and foreign currency on a daily basis. Other areas include tax compliance and management to  ensure that company is in compliance with the relevant statutory requirements .

RESPONSIBILITIES

Tax compliance & Management

• Ensure that all Govt taxes such as Corporation taxes, VAT,P.A.Y.E, import duty, excise duty are paid by due dates .
• Liaising closely with tax authorities to ensure that all queries raised are addressed on time
• Identify tax planning opportunities that may exist in the Company

Financial Reporting

• Developing, implementing and maintaining sound management controls to ensure compliance with overall Company control requirements.
• Preparation of monthly management reports
• Preparation of annual financial statements
• Maintaining adequate systems of internal controls needed to safeguard assets, ensuring accurate financial reporting and compliance with policies and procedures.
• Ensuring compliance with accounting systems and procedures. Ensuring financial statements and reports are prepared in compliance with statutory and other regulatory requirements.
• Co-ordinating Annual external audits

Maintenance of the General ledger by

• Ensuring that all general ledger reconciliations are performed as per agreed deadlines
• Review of all general ledger reconciliations
• Ensure that no reconciling items are older than 1 month
• Raise red flag on internal control issues that are likely to pose a risk to the organisation

Payroll management

• Internal controls around payroll are maintained/ improved
• Ensure timely reconciliation of the payroll related control accounts in the General ledger and no reconciliation issues older than one month

Supplier Management (Accounts payable)

• Ensure that suppliers are paid as per agreed terms,
• Supplier accounts reconciliations are performed on monthly basis
• All disputed items are resolved on a timely basis and no outstanding issues older than 1 month
• Ensure that good relationship with company suppliers is maintained at all times

Treasury and cashflow management

• Ensuring that there is a long-term plan for capital investment for modernization and expansion of facilities, including appraisals for capital projects, and there is in place a financing plan for such projects.
• Managing liquidity in both local and foreign currencies on a daily basis.
• Overseeing the preparation of daily and weekly cash flow reports.
•  Ensuring compliance with the treasury policy.
• Developing procedures and recommending system changes that facilitate accurate and timely completion of treasury transactions.
• Ensure that company internal controls around cash and Bankings are complied with at all times
• Ensure Daily bank reconciliations are performed without fail
• Keep track of all bank charges, commissions, bank guarantee charges and other tariffs charged by the bank and ensure that they are as per agreement
• Petty cash control and management

Account Receivable management

• Ensure internal controls around accounts receivable are complied with
• Ensure that customer credit limits are strictly managed as per company
• Ensure that exemption reports on customers with overdue accounts are generated and circulated to members of the management team on a monthly basis
• Ensure customer statement are generated on a monthly basis and passed to National Sales Manager for onward distribution to customers
• Ensure that customer accounts aging analysis is generated, reviewed and red flag raised on customers with overdue accounts

People management and development

• Demonstrate effective leadership of the team working under you
• Managing team and individual performance through regular reviews, monitoring objectives and ensuring development needs are identified and actioned.
• Providing clarity to the team working under you
• Performance management
• Put in place people development & empowerment initiatives such as training and couching