Financial Accountant


Attention! This job posting is 70 days old and might be already filled.
Company Name CA Global Africa Recruitment
Location Botswana
Date Posted '25 May 2012'
Category Banking & Financial Services
Job Type N/A
Reference KGFAB

Description

Required for Competence:
- CA / ACCA / CIMA or equivalent
- 4 years continuous relevant experience, with at least 2 years Management experience
- Experience in Group financial reporting
- Multi-currencies
- All MS applications

Responsibilities:

- Responsible for the daily bank reconciliations for all bank accounts
- Preparation of daily reconciliations between the general ledger and Uniface, Credit Ease, Insurman etc.
- Responsible for the monthly reconciliation of all intercompany loan and current accounts
- Control and manage all queries with banks to ensure timeous resolution and clearance
- Monitoring and rechecking of interest and charges applied by the bank to the current account / loan account and related transactional charges
- Monitoring the company’s cash flows on a daily basis – minimisation of interest expenses

REPORTING – monthly

- Preparation of accurate, reliable, error free monthly management accounts and cash flow forecasts by 15th of the following month for review by the Exco Committee, Audit Committee and Board of Directors
- Monthly management accounts to be prepared in both Local Currently and the Groups reporting currency, BWP
- Monthly management accounts to include analysis of actual v budget and meaningful analysis of the underlying reasons for variances, emerging trends, key management information
- Preparation of accurate, reliable, error free ad hoc reports as and when requested
Co-ordination of monthly Exco reports with Country Manager and ensure consistency of overall management information provided to Exco, Audit Committee and the Board of Directors
- Co-ordination of monthly arrears and non performing accounts reports that reconcile to Uniface / Credit Ease and the monthly management accounts
- Monitor compliance with all external debt covenants e.g. IFC, FMO)

BUDGETING AND FORECASTING

- Preparation of annual financial budgets with executive summary of key aspects and assumptions used
- Manage all accounting related queries submitted to the Finance Department from subsidiary companies / clients and to provide support to branches and other departments on accounting related matters
- Preparing and updating monthly forecasts by the 20th of the following month to forecast the expected financial results and position at the end of the financial year end
- Preparing, on a quarterly basis, executive summary of the forecast positon against the original budget for presentation to Exco, the Audit Committee and the Board of Directors
- The monthly forecasts must be in both local currency and the group reporting currency BWP
- Forecasting for compliance with financial covenants of borrowers (IFC, FMO etc)

ANNUAL EXTERNAL AUDIT AND FINANCIAL REPORTING

- Maintain monthly audit file in the agreed format
- Responsible for the preparation of the annual statutory financial statements
- Coordinating the annual audit and interim review
- Dealing with audit queries and coordinating management responses to management letter points raised

Contractual information:
NEG
To apply send CV to kai@caglobalint.com