Treasury/Payroll Accountant at Wayoe Engineering and Constructions Limited

Job Description

Key Performance Indicators (KPI’s)

• Reconciliation of all petty cash accounts
• Reconciliation of all bank accounts.
• Timely and accurate processing and payment of salaries
• Quick resolution of employee payroll issues
• Produce a weekly cash position report in a timely fashion.

Treasury Accounting:

• Develop good relationship with all banking partners in order to facilitate banking transactions of the company.
• Monitor and forecast cash flow and produce cash position reports to help with payment/ investment decisions and borrowing need assessments.
• Control money transmission tools and report and work with banks relationship personnel to resolve issues with money transmission.
• Manage bank accounts including transfers between accounts.
• Recording of banking transactions in general ledger.
• Perform all banking operations, providing financial advice to the company, and handling of the cash management system.
• Provide regular update and advice to the Group Finance Manager regarding the liquidity position of the company

Payroll Processing:

• Accurately process and pay salaries on time.
• Ensure timely payment of statutory and other deductions e.g. PAYE, SSNIT.
• Accurately record payroll and related costs and liabilities in the general ledger.
• Resolve payroll issues with HR and employees quickly.
• Assist GL Accountant with employee costs variance explanations.
• Provide insight through analysis of employee costs into various categories.

Petty Cash Management:

• Manage petty cash in accordance with established policy.
• Ensure that there is supporting documentation for petty cash transactions.
• Perform petty cash reconciliation on a monthly basis for HO and review Projects petty cash reconciliations from Project Administrators.
• Ensure regular petty cash counts

Key Relationships

• Internal: Human Resource department with respect to salary issues.
• External: Relationship Banking Officers.
• WEC Project Administrators/Accounting Officers.

Judgement and Complexity

Judgement of the jobholder is highly required in:

• Cash flow management to ensure liquidity.
• Dealing with Relationship Banking Officers to resolve issues.
• Dealing with employees on payroll issues.
• Communicating and handling issues of confidential nature.

Responsibility for Assets

The incumbent is responsible for:

• Petty Cash
• Fire resistant safes
• Computer and IT equipment under his/her care.

Level of Authority

• The jobholder’s authority is limited to making recommendations and seeking approval.
• Competences Required

Educational & Professional Qualification:

• Degree in Accounting and Finance
• Part Professional accounting qualification or MBA Finance is a plus
• 2 to 4 years’ experience required

Working Environment/Exposure to Risk

• Air-conditioned office

Requirement/Skills

• Strong interpersonal skills with good temperaments.
• Keen attention to details and very accurate with numbers.
• Able to meet strict deadlines.
• Strong commitment, ability to prioritize and willingness to be flexible with time.
• Ability to remain discrete and keep confidential information.
• Computer literacy with strong Microsoft Excel skills.
• Knowledge of occupational pension, workman compensation insurance and PAYE tax calculations.