Financial Accountant

Job Description

Purpose of the role:ÿHandle all GL accounting and reconciliations. Support in AP and AR functions. Manage the Fixed Assets movement and ensure compliance to Group policies.ÿKEY JOB RESPONSIBILITIESGeneral Ledger

1. Review all General Ledger transactions to ensure accuracy of transactions
2. Prepare, maintain and update all reconciliations pertaining to General Ledger accountsÿ
3. Follow up with concerned for refund / recovery of amounts receivable / recoverable
4. Ensure adequate provisions are maintained for expenses on a monthly basis.
5. Prepare and review month on month variances in GL transactions and document reasons for major variances.ÿ

Accounts Payable

1. Verify and record invoices for payment to suppliers according to company procedures and policies and ensure that proper documentation is adhered.ÿ
2. Prepare Supplier Reconciliation to identify discrepancies and coordinate with Suppliers if there is any.
3. Ensure adherence to VAT regulations in terms of supplier invoices as well accounting of VAT transactions through the AP module.ÿ
4. Assist Finance Manager in the month end and year end closing. (i.e. preparing provisions for administrative and recurring expenses)
5. Match supplier invoice , PO and maintain proper LCM reconciliation

Accounts Receivable

1. Ensure daily cash sales are collected and deposited on time and receipts are applied
2. Reconcile all cash, credit card and Home Delivery sales with collections in ERP. Any exception should be notified to Management.
3. Review customer ageing reports and ensure that all outstanding are collected on time. In case of any major overdue, customer account to be deactivated until collections are made.
4. Assist Finance Manager in the month end closing process.

Inventory & Cost Control:

1. Prepare GRN, LCM valuation.
2. Prepare stock issue-note on daily basis and return note.
3. Reconcile monthly parlor stock physical count and prepare variance analysis.

Fixed Assets

1. Timely Closing of Fixed asset Module. Prepare monthly FA schedules relating to fixed assets & accumulated depreciation.
2. Provide monthly reconciliation of CWIP in Ledger Accounts
3. Record fixed asset acquisitions and dispositions in the accounting system after taking Proper Approvals
4. Updating the Tag numbers in FA Register. Conduct periodic physical inventory counts of fixed assets. Assign tag numbers to fixed assets.
5. Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
6. Strictly Followed and monitor Asset Transfer, New Asset Issue According to Company Policy Approvals, Procedures & Documentation regarding Fixed Assets
7. Conduct surprise / random physical verification in compliance to policy.

Cash Management

1. Prepare Bank reconciliation statement and review all unreconciled items for any stale chequesÿ
2. Prepare daily / weekly cash flow reports

QUALIFICATION, EXPERIENCE & SKILLS

• Graduate in Finance/ Other equivalent Certification.ÿ
• Preferably experienced in Retail or Food & Beverage industry is desirable
• At least 2 years experience in handling AP AR Bank Reconciliations and inventory
• Able to work with a team both within the department and across departments
• Experience working on Oracle ERP is highly preferred
• Currently located in Morocco

Keyskills :