Purpose of the Job: Under the supervision and control of the FINANCE DEPARTMENT MANAGER, Senior Accountant, will be responsible for, (I) a blend of general financial management and specialized project-based accounting and focused on accuracy, efficiency, and project profitability, (II) oversees core accounting functions, ensures compliance, and provides critical financial analysis to management, with a specific focus on areas like project costing, inventory, fixed assets, and managing accounts payable/receivable for project-based work.

Duties and Responsibilities:

General Accounting & Financial Reporting

Manage General Ledger: 

1. Oversee and maintain all general ledger functions, ensuring accuracy and completeness of financial records.

Month-end and Year-end Close: 

1. Lead the timely and accurate completion of all month-end and year-end closing procedures.

Financial Statement Preparation: 

1. Prepare and analyse monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.

Reconciliations: 

1. Perform complex account reconciliations, including bank statements, accounts payable, and accounts receivable, and resolve discrepancies.

Financial Analysis: 

1. Conduct detailed financial analysis, including budget-to-actual variance analysis, and provide insightful commentary and recommendations to management. 

   1. Project & Cost Accounting (Specific to Electromechanical/Construction)

Project Cost Tracking: 

1. Monitor project budgets and expenses across multiple projects, tracking direct and indirect costs (materials, labour, subcontractors, and equipment).

   1. Job Costing: Ensure accurate job costing and the proper allocation of costs to specific projects.

Subcontractor & Vendor Management:

1. Review and manage subcontractor billing, change orders, retention payments, and vendor invoices to ensure compliance with contract terms.

Inventory/Stock Management: 

1. Oversee inventory accounting, including conducting physical counts, reconciling stock records, and preparing necessary adjustments.

   1. Project Profitability Reporting: 

   2. Prepare and report on individual project profitability to senior management, flagging any potential cost overruns. 

Compliance, Audit & Internal Controls

1. Internal Controls: Develop, document, and maintain robust business processes and accounting policies to strengthen internal controls.

Audit Coordination: 

1. Coordinate and support internal, external, and tax audits by preparing necessary schedules and documentation and addressing auditor inquiries.

Tax Compliance: 

1. Ensure timely and accurate tax reporting and compliance with all local, regional, and national tax laws (e.g., VAT, income tax, withholding tax). 

Leadership & Collaboration

Mentorship: 

1. Train, mentor, and supervise junior accounting staff and bookkeepers.

Interdepartmental Collaboration: 

1. Liaise and collaborate closely with project managers, procurement teams, and site teams to ensure alignment of financial data and operational goals.

Technical / Behavioural competencies

• Effective client interaction, analysis and project management skills.

• Experience in drafting of presentations and reports for review.

• Hands on experience with Microsoft Excel, power point and other accounting software’s.

• Basic financial knowledge and understanding.

• Good communication skills, both written and verbal.

• Interpersonal and relationship building skills.

• Desire to develop self.

• Client delivery focus.

• Adaptable.

• Focus on quality and awareness of risk.

• Problem solving ability.

• Displays business acumen.

KPI for Senior Accountant

Financial Accuracy & Compliance

• Financial Statement Accuracy: Low error rates in financial reports and general ledger accounts.

• Timeliness of Month-End Close: The number of days taken to complete the monthly financial close process.

• Audit Findings: Number of significant audit adjustments or control deficiencies identified by internal or external auditors.

• Compliance Rate: Percentage of tax filings and regulatory reports submitted accurately and on time. 

Operational Efficiency & Project Performance

• Project Profit Margins: Tracking and reporting on actual versus budgeted profit margins for individual projects.

• Budget Variance Analysis: Timeliness and effectiveness of identifying and reporting on significant budget variances (e.g., actual project costs vs. budgeted costs).

• Accounts Receivable Turnover/DSO: Efficiency in collecting payments from clients (Days Sales Outstanding).

• Invoice Cycle Time: The average time it takes to process vendor/subcontractor invoices from receipt to payment.

• Cash Flow Monitoring: Accuracy of cash flow forecasts compared to actual cash movement. 

Team & Process Improvement

• Process Efficiency: Implementation and success of new accounting systems or procedures designed to improve efficiency (e.g., automation of tasks).

• Staff Development: Performance reviews and feedback scores for junior staff mentored by the senior accountant. 

Job Requirements

 Qualification and Experience: 

• MBA in Accounting, Management, Economics, Business Administration, or related fields with four (4) years of demonstrated Electromechanical company experience

OR 

• Bachelor’s degree in Accounting, Management, Economics, Business Administration, or related fields with six (6) years of demonstrated Electromechanical company experience

OR

• Advanced Diploma in Accounting, Management, Economics, Business Administration, or related fields with ten (10) years of demonstrated Electromechanical company experience

How To Apply

Submit your non-returnable application and CV along with supporting documents in person to Megenagna in front of Zefmesh mall at Tamegas building 5th floor or vie email: teshome95@gmail.com. For further information contact Tel: +251911535489