1) Job Purpose
•To manage financial accounting, MIS and legal compliance for the branch.
•Recovery of payment on time
•Managing account reconciliation and compliance– separated geographically, dealing with local citizens in the function
• SOP Compliances
2) Job Context & Major Challenges
( What are the specific aspects of the job that provide a challenge to the jobholder in the context of the Unit/Zone? )
•Preparing and analysing financial statements and trading account of the branch – including profit and loss statements and monthly closing and cost accounting reports
•Monitoring and reviewing accounting and related system reports for accuracy and completeness including Ledger scrutiny
•Managing payments - Review and manage all payments, follow up with outstanding debtors and escalate overdue advances and debts
•Documentation related to shipments, supplier payment, buyer payment, realization, etc.
•Preparing daily, weekly and monthly MIS
•Analyzing revenue and expenditure trends and recommend appropriate budget levels, and ensure expenditure control.
•Liaising with third parties
•Ensuring Compliance to regulatory requirements or local laws – VAT, Income Tax, Custom, Excise, Service Tax as well as other reporting requirements of company law and local employment laws – during transactions
•Support trading team
3) Principal Accountabilities
•Renewal of licenses
•Physical inventory management
•Helping local team in subsidiaries in commercial negotiation
•Contract management – reviewing commercial aspects of the contract
•Interacting with internal and external auditors in completing audits
•Preparation of Budget for the branch