Job description (Accountant- Full set)
Responsibilities
1. Financial Record Maintenance
- Record and manage financial transactions, including accounts payable, accounts receivable, and general ledger entries.
- Ensure the accuracy and completeness of financial records.
- Perform reconciliations for bank accounts, credit card accounts, and other financial statements.
2. Financial Reporting
- Prepare financial statements such as balance sheets, income statements, and cash flow statements.
- Generate management reports to provide insights into the organization's financial performance.
- Assist in budget preparation and monitor variances between actuals and budgets.
3. Tax Preparation and Compliance
- Calculate and prepare tax returns for corporate, individual, or government filings.
- Stay updated on tax regulations and ensure compliance with tax laws.
- Provide advice on tax planning and strategies to minimize tax liabilities.
4. Auditing
- Conduct internal audits to ensure compliance with financial policies and procedures.
- Support external auditors by preparing required documentation and addressing inquiries.
- Identify discrepancies, irregularities, or inefficiencies in financial processes and recommend improvements.
5. Budgeting and Forecasting
- Develop budgets and forecasts in collaboration with management.
- Analyze financial trends to predict future financial outcomes.
- Identify cost‑saving opportunities and recommend strategies to optimize expenses.
7. Financial Analysis
- Analyze financial data to identify patterns, trends, and potential risks.
- Provide insights to support strategic planning and decision-making.
- Evaluate the financial impact of business initiatives or projects.
8. Regulatory Compliance
- Ensure compliance with accounting standards (e.g., IFRS, GAAP) and regulatory requirements.
- Monitor changes in laws or regulations affecting financial operations.
- Prepare and submit statutory filings and reports within deadlines.
9. Software and System Management
- Utilize accounting software for financial tasks.
- Implement and maintain financial systems for efficiency and accuracy.
- Train team members on financial software and tools.