Senior Accountant 18 views

About Lyte Investment PLC
Lyte Investment plc is an Ethiopian-based manufacturing and investment company established to address the growing demand for scientifically formulated hydration and electrolyte solutions in Ethiopia and the wider East African market.

We are the first and only local manufacturer of electrolyte drink powder in Ethiopia, proudly contributing to import substitution, local value creation, and improved public health through reliable hydration products.

Position Summary
The Senior Accountant will oversee the general accounting functions, ensuring the accuracy of financial statements, compliance with regulations, and the improvement of accounting processes. This role requires a seasoned professional with deep expertise in financial reporting, tax compliance, and team leadership within a dynamic industrial environment.

Key Responsibilities

Financial Reporting & Analysis

• Prepare and analyze monthly, quarterly, and annual financial statements in accordance with IFRS.
• Manage the general ledger, ensuring all transactions are recorded accurately and timely.
• Conduct detailed variance analysis to explain budget vs. actual results for management.
• Coordinate the timely completion of the month-end and year-end closing processes.

Compliance & Tax Management

• Ensure full compliance with local tax laws, including VAT, Withholding, Profit Tax, and Pension remittances.
• Prepare and file all statutory reports to the Ministry of Revenues and other regulatory bodies.
• Liaise with external auditors and tax auditors during audits and inspections, providing necessary documentation.
• Stay updated on changes in financial regulations and communicate their impact to management.

Internal Controls & Process Improvement

• Evaluate and strengthen internal controls over financial reporting and cash management.
• Supervise and review the work of junior accountants to ensure accuracy.
• Develop and document accounting policies and procedures to enhance efficiency.

Location: Hayat Square , Addis Ababa , Ethiopia

Position Type: Full-Time

Salary & Benefits: Negotiation

Qualifications & Requirements

Education & Certification

• Bachelor’s degree in Accounting, Finance, or related field (Master’s degree is a plus).
• Professional certification (CPA, ACCA, or equivalent) is highly preferred.

Experience

• Minimum 10-15 years of progressive experience in accounting and finance.
• At least 5 years of experience in a supervisory or senior role.
• Extensive experience in similar role in a Hotel or Restaurant is mandatory.

Skills & Competencies

• Expert knowledge of IFRS and Ethiopian tax regulations.
• Proven ability to manage full-cycle accounting and financial reporting.
• High proficiency in accounting software (e.g., Peachtree/Sage, QuickBooks) and advanced MS Excel skills.
• Strong analytical, problem-solving, and organizational abilities.
• Excellent communication and interpersonal skills for cross-departmental collaboration.
• High level of integrity, ethical standards, and attention to detail.

Requirement Skill

• Communication
• Problem solving