Accountant job at True North Consult Ltd

Organization:

True North Consult Ltd

About the Organization:

Job Description

As the Accountant for True North Consult Ltd, you will play a crucial role in managing financial activities within the designated area. Working closely with the enterprise General Manager, you will ensure compliance with accounting principles, procedures, and regulations. Your responsibilities will include providing financial support, managing budgets, and analyzing financial data to contribute to the financial stability and growth of the enterprise.

Duties and Responsibilities

Ensure fair and transparent bidding processes, promote effective competition and obtain the best price and value, per BRAC Procurement Guidelines and Policy.
Facilitate the preparation and execution of annual procurement plans.
Verify and submit invoices, along with supporting documents, for suppliers and vendors in a timely manner.
Establish recording and reporting systems of all procurement activities, including inventory reports, monthly procurement status reports, and purchase and pricing records.
Maintain and update the vendor/supplier database with relevant information.
Receive and inspect all supplies from vendors based on specifications provided in the purchase order. Financial Management
- Oversee day-to-day financial operations for BSE (Seed Farm, TCL, and BLC and Seed Shop Outlet), ensuring adherence to accounting principles and organizational policies.
- Prepare accurate financial statements, reports, and forecasts.
- Ensure monthly bank reconciliation, sign and proper filing of reconciliations are completed with bank ledgers
Budget Management
- Collaborate with the General Manager and relevant teams to develop, monitor, and manage budgets for projects and activities within the area.
Financial Analysis
- Analyze financial data to provide insights into cost management, revenue generation, and financial sustainability within the area.
- Provide financial recommendations to enhance efficiency and profitability.
Compliance and Reporting
- Ensure compliance with local financial regulations and international accounting standards.
- Prepare and submit accurate and timely financial reports to the General Management.

Cash Management

Ensure cash inflow is correctly recorded in cash registers, and cash outflow is done only after verifying the authenticity of the transaction and approval from the respective supervisor, and proper filing of all cash documents is completed at the area office and branch offices.
Daily supervision of all cash transactions by collating the daily cash management report

Payroll Management

Prepare the payroll for BSBE in a timely and accurate manner to ensure that employees receive their salaries and benefits on schedule and without errors.
Auditing and Internal Controls
Collaborate with auditors during internal and external audits.
Establish and maintain internal controls to safeguard financial assets.

Taxation

Ensure accurate and timely tax filing and compliance with tax laws and regulations.
Stay updated on any changes to tax laws and advise the organisation accordingly.

Procurement:

Involve technical personnel in advising on delivered products before accepting them.

Inventory Management

Update stock registers and related documents, conduct stock counts in all branches.

Additional responsibilities

Any other duties that may be assigned by the General Manager

Qualifications and Experience

Strong knowledge of generally accepted accounting principles (GAAP) and their application in financial reporting.
Strong knowledge of Ugandan financial regulations and taxation (including laws, codes, and compliance)
Understanding of financial analysis techniques and the ability to evaluate financial data and trends.
Proficiency in budgeting processes, forecasting, variance analysis, monitoring, and control.
Knowledge of internal control procedures to safeguard financial assets and prevent fraud.
Awareness of internal and external audit processes and requirements.
Knowledge of ethical standards in financial management and a commitment to ethical practices.
Basic understanding of the agricultural industry and its financial peculiarities.
Proficient in preparing accurate financial statements, reports, and financial documents.
Effective verbal and written communication skills for collaborating with team members and stakeholders.

Ability to identify financial challenges and propose solutions.
Collaboration skills to work effectively with colleagues.
Keen eye for detail to ensure accuracy in financial transactions and reports.
Efficient time management, with the ability to manage multiple financial tasks and priorities to meet deadlines.
Competency in using financial management software and tools, and Microsoft Office applications.
A commitment to providing financial support that contributes to the enterprise's growth and stability.
Ability to identify financial risks and implement strategies to mitigate them.
A vision for contributing to the long-term financial health and growth of the enterprise

Specific Educational Qualification

Degree: Bachelor’s Degree from a reputable university.
Concentration / Major: Accounting, Finance, or a related field.
Professional Degree / Certification
Full Professional qualification (ACCA or CPA) is a necessity.

How to Apply

All candidates are encouraged to submit a cover letter and updated CV to exechire@truenorthafrica.com with subject line Accountant
All applicants should share their CV’s and Cover Letters in PDF or MS Word STRICTLY