Job Description

The Accountant responsible for Reconciliation and Suspense Management will ensure accuracy in financial reporting by reconciling accounts and managing suspense accounts. This role requires in-depth analysis, attention to detail, and timely resolution of discrepancies. The accountant will work closely with internal teams to ensure smooth operations and compliance with accounting policies and procedures.

Key Responsibilities:

• Account Reconciliation:
• Perform daily, weekly, and monthly reconciliation of various general ledger accounts.
• Identify, investigate, and resolve discrepancies in bank statements, vendor accounts, and financial reports.
• Ensure all reconciliations are accurate and completed in a timely manner.
• Suspense Account Management:
• Monitor suspense accounts for any unallocated or incorrect entries.
• Investigate and resolve outstanding items in suspense accounts by coordinating with relevant teams.
• Regularly review and clear suspense accounts to prevent buildup of unresolved transactions.
• Financial Reporting:
• Assist in the preparation of accurate financial statements, including balance sheets and income statements.
• Provide detailed explanations of variances in account reconciliations and suspense accounts.
• Ensure compliance with internal controls and accounting standards.
• Process Improvement:
• Propose and implement improvements in the reconciliation and suspense management processes.
• Develop and maintain documentation of reconciliation and suspense processes for auditing purposes.
• Collaboration and Communication:
• Collaborate with internal teams, including finance, treasury, and operations, to resolve reconciliation and suspense-related issues.
• Communicate with external partners (such as banks, vendors, and auditors) to address reconciliation discrepancies and maintain accurate records.
• Audit Support:
• Provide supporting documentation and explanations for internal and external audits.
• Ensure timely and accurate responses to audit queries related to reconciliations and suspense accounts.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• Professional accounting certification (CPA, ACCA, or equivalent) is preferred.
• Proven experience in reconciliation and managing suspense accounts, with a strong understanding of accounting principles.
• Proficiency in accounting software (e.g., SAP, QuickBooks, Oracle) and MS Excel.
• Strong analytical, problem-solving, and attention-to-detail skills.
• Excellent communication and interpersonal skills.
• Ability to work independently and meet deadlines in a fast-paced environment.

Key Competencies:

• Analytical Thinking: Ability to analyze complex data, identify patterns, and resolve discrepancies.
• Attention to Detail: Thoroughness in ensuring accuracy in account reconciliations and managing suspense accounts.
• Problem-Solving: Proactive approach to resolving outstanding transactions and improving processes.
• Collaboration: Strong teamwork skills and the ability to work cross-functionally with various departments.
• The Cash Transaction Specialist is responsible for managing, recording, and reconciling cash transactions within the organization. This role requires high attention to detail, accuracy in handling cash, and the ability to ensure that all transactions comply with internal and regulatory guidelines. The Cash Transaction Specialist will work closely with accounting and finance teams to maintain proper cash flow management and safeguard the company's cash assets.
• Cash Handling:
• Receive, verify, and process all incoming cash transactions, including payments, deposits, and transfers.
• Maintain detailed records of cash transactions and ensure they are accurately recorded in the accounting system.
• Prepare cash receipts, bank deposits, and manage petty cash funds.
• Cash Reconciliation:
• Reconcile cash balances daily, weekly, and monthly to ensure that all transactions are properly accounted for.
• Investigate and resolve discrepancies in cash receipts, deposits, and withdrawals.
• Prepare reports summarizing cash activity, discrepancies, and resolutions.
• Cash Flow Management:
• Assist in monitoring the company's cash flow and ensuring that sufficient funds are available to meet operational needs.
• Coordinate with the finance team to forecast future cash needs and ensure proper allocation of funds.
• Compliance and Documentation:
• Ensure compliance with company policies, procedures, and financial controls in all cash transactions.
• Maintain accurate and up-to-date documentation for all cash-related activities for audit purposes.
• Stay updated on financial regulations related to cash handling, anti-money laundering (AML), and fraud prevention.
• Customer and Vendor Interactions:
• Process customer payments (cash, checks, and electronic transactions) and ensure proper documentation.
• Assist in resolving any cash transaction-related inquiries or discrepancies from customers, vendors, or internal departments.
• Audit Support:
• Prepare necessary reports and supporting documents for internal and external audits related to cash transactions.
• Address any audit inquiries or findings by providing relevant documentation and explanations.
• Process Improvement:
• Recommend and implement improvements to cash handling and reconciliation processes to increase efficiency and accuracy.
• Assist in automating manual cash processes to reduce errors and improve tracking.

Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field is preferred.
• Proven experience in cash handling, banking, or related financial roles.
• Strong knowledge of accounting principles and practices, particularly cash flow management and reconciliation.
• Proficiency in accounting and cash management software (e.g., SAP, QuickBooks, Oracle).
• Excellent mathematical, analytical, and problem-solving skills.
• Strong attention to detail and accuracy in handling transactions.
• Excellent communication and customer service skills.

Key Competencies:

• Attention to Detail: Meticulous approach to tracking and reconciling cash transactions accurately.
• Integrity: High ethical standards in handling cash and managing financial data.
• Problem-Solving: Ability to quickly identify discrepancies and resolve them in a timely manner.
• Time Management: Ability to manage multiple tasks and meet deadlines, particularly during busy periods.
• Customer Service: Strong interpersonal skills for addressing inquiries and resolving transaction issues.

Job Types: Full-time, Permanent

Pay: From ?15,000.00 per month

Benefits:

• Cell phone reimbursement

Schedule:

• Day shift

Supplemental Pay:

• Performance bonus

Education:

• Bachelor's (Preferred)

Experience:

• Taxation: 1 year (Preferred)
• total work: 1 year (Preferred)

Language:

• English (Preferred)

License/Certification:

• Tally (Preferred)

Work Location: In person