Senior Accountant

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Roles and responsibilities

Job Specific AccountabilitiesFinancial Reporting

  • Ensures the timely preparation of financial statements of the company for submission to the Management
  • Ensures timely preparation and issue of periodic detailed financial reports, such as analysis of various accounts to Financial Reporting Department.
  • Oversee the trial balance, general ledger for subsidiaries, ensuring all entries are accurate and up to date.
  • Analyze financial data to identify trends, variances, and opportunities for improvement.
  • Ensure all financial activities comply with relevant laws, regulations, and company policies.
  • Provide guidance and support to accounting staff within the subsidiaries.

Budgeting and 5 Year Business plan:

  • Assist in the preparation of budgets and financial forecasts for subsidiary companies.
  • Attend budget related meetings and assist the planning and implementing procedures for budget preparation
  • Identify significant variances and deviations from approved budgets

Minimum Qualification

  • Bachelor's Degree in Finance or Accounting or any relevant discipline.

Minimum Experience, Knowledge & Skills

  • 6-8 years of relevant experience in finance including at least 3 years in positions of progressively increasing managerial responsibilities.
  • Experience preferably in shipping, logistics, marine services or related industry is preferred.

Professional Certifications

  • Association of Chartered Certified Accountants (ACCA), ACA, FCA
  • Chartered Institute of Management Accountants (CIMA)
  • CPA Certifications.
Desired candidate profile

Key Responsibilities of a Senior Accountant

  • Financial Reporting and Analysis:

    • Preparing monthly, quarterly, and annual financial statements.
    • Analyzing financial data to ensure accuracy and completeness.
    • Ensuring financial reports comply with GAAP or IFRS standards.
    • Reviewing balance sheets, income statements, cash flow statements, and other financial reports.
  • General Ledger Maintenance:

    • Overseeing the maintenance of the general ledger, ensuring all transactions are recorded accurately.
    • Managing journal entries, month-end and year-end closing processes.
  • Budgeting and Forecasting:

    • Assisting in the preparation of budgets and financial forecasts.
    • Performing variance analysis and providing insights into budget vs. actual performance.
  • Reconciliation and Audits:

    • Reconciling accounts, including bank, vendor, and intercompany accounts.
    • Leading or assisting with internal and external audits.
    • Ensuring compliance with financial regulations and company policies.
  • Supervising and Mentoring:

    • Supervising junior accountants and accounting clerks.
    • Training and guiding staff on accounting procedures and best practices.
    • Reviewing work completed by junior staff to ensure accuracy.
  • Tax Compliance and Reporting:

    • Assisting with the preparation of corporate tax returns and ensuring compliance with tax laws.
    • Coordinating with external tax advisors to ensure tax filings are accurate.
  • Internal Controls and Risk Management:

    • Establishing and enforcing internal controls to minimize financial risk.
    • Identifying areas of operational inefficiency or financial risk and suggesting improvements.
  • Cost Accounting:

    • Analyzing costs and providing insights to improve operational efficiency and profitability.
    • Preparing cost allocation models and ensuring accurate product or service cost reporting.
  • Financial Systems Management:

    • Implementing and maintaining accounting software and systems.
    • Identifying opportunities for system improvements to streamline accounting processes.

Key Skills for a Senior Accountant

1. Advanced Technical Accounting Skills

  • In-depth knowledge of GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards).
  • Strong proficiency in accounting software like SAP, Oracle, QuickBooks, or NetSuite.
  • Expertise in financial statement preparation, budgeting, and forecasting.

2. Analytical Skills

  • Ability to analyze complex financial data and translate it into actionable insights.
  • Proficient in variance analysis to explain differences between budgets, forecasts, and actual performance.
  • Identifying trends in financial performance and providing recommendations.

3. Supervisory and Leadership Skills

  • Leading and mentoring a team of accountants and finance staff.
  • Delegating tasks and managing the workflow of the accounting department.
  • Providing training and ensuring team members adhere to best accounting practices.

Read the full job description and apply online on the recuiter's web-site

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