Role Purpose:
The Associate – Finance is responsible for financial postings covering the areas, but not limited to, payables and general ledgers to ensure that precise data are updated to the system and are properly executed in line with MAF Retail’s established financial accounting principles and procedures. The role holder is also responsible for providing timely and accurate reporting in addition to supervising assigned accountants ensuring all accounting and bookkeeping functions are timely and properly executed.
Key Responsibilities:
· Gather and verify financial data related to accounting
· Check the accounting entries relating to financial transactions for accuracy and conformance to accounting policies and pass them for superior consideration
· Maintain and review purchase ledgers to ensure that all expenses are accurately posted and monitored against the set budget
· Review invoices to be paid in order to ensure accuracy and veracity of invoices
· Process payments to vendors and contractors as per the contract’s terms, including advance payment and penalties
· Maintain and review sales ledger to ensure that actual sales report are generated
· Ensure revenue collections are aligned with bank accounts statements
· Maintain and review asset registrar to ensure that data are accurate, updated and all accounted for
· Review adjusting entries passed and ensure that suppliers’ accounts are updated and any control accounts are cleared
· Handle and ensure that month-end and year-end closing process is completed and entries booked efficiently
Required Background:
Minimum Qualifications/education
· Bachelor’s Degree in Accounting, Finance or Commerce
Minimum experience
· 3+ years’ experience in a relevant role
· 1+ years in the retail business
Skills
· Excellent Analytical skills
· Excellent communication skills
· Attention to details
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