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
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