Senior Accountant 68 views1 application

OK Bottling and Beverage Share Company Vacancy Announcement

OK Bottling and Beverage Share Company is involved in the production of Bottled Natural Spring Water that highly satisfies its customers as well as end users in supplying clean spring water and in discharging its social responsibility for the society.  The Company’s manufacturing Plant is located in South Nations and Nationalities Region Guraghe Zone Eza Woreda nearby Wolkite University 198 KMS away from Addis Ababa.  The Company currently is looking to hire dynamic, energetic and hardworking potential employee in the following position as per specified job requirements.

Number of open posts:  01(One)

Job Summary and Description  

The purpose of the Senior Accountant position is to manage the day-to-day financial activities for preparation of accurate financial reports, compliance with Generally Accepted Accounting Principles (GAAP) and the Company’s Financial Policy and Procedure

SPECIFIC DUTIES AND RESPONSIBILITIES: 

• Prepares daily cash position report by summarizing and categorizing cash collections and/ deposits and cash payments /disbursements.
• Strictly follow up with intra-bank cash transfers, check deposits are executing in an efficient and effective manner.
• Ensure that value for money is properly applied.
• Reconcile the company daily cash report balance with the bank balance and report any variance with objective evidence that can convince the intended user.
• Carry out the loan management to avoid unnecessary interest costs and non- compliance with contract.
• Carry out daily reconciliation of cash collection against cash sales, other cash receipts, cash deposits and of report from the cash register and update price list.
• Carry out monthly bank reconciliation.
• Based on daily cash balance, propose and advise the daily cash payment and cash transfer to avoid idle cash, unnecessary financial cost or interest.
• Identify and propose solutions by identifying the gap between the cash demand and cash available in consultation with the concerned departments.
• Forecast the cash demand in advance by analyzing and dealing with the amount needed and the maturity date of obligations, commitments (like loan repayment, taxes and any substantial L/C settlements).
• Properly manage and retain contractual documents like loan related documents and other cash related commitments, new bank opening and existing bank closing documents.
• Retain a check list that enables to lodge and follow up the daily floating cheques (Normal cheques, CPOs).
• Collect all bank advices, bank deposit slips from the cashier, or any other vouchers and /or cash sales invoice.
• Prepare sales and cash receipt journals, Cash payment Journals and General Journal (JV) on weekly basis.

Job Requirements:  

• BA Degree in Accounting and/or Finance, minimum of 5 years relevant work experience in accounting and financial Management activities in business companies, preferably engaged in import business, advanced skills on computerized accounting system, better exposure and application on IFRS.