Accounts Officer job at Rushere Cooperative Savings and Credit Society Limited
Organization:
Rushere Cooperative Savings and Credit Society Limited
About the Organization:
Rushere co operative Savings and Credit Society Ltd is a SACCO that was originally called Rushere Co-operative Savings and Credit Development Association.
Job Description
Keeping accurate records of all financial transactions, including purchases, sales, receipts, and payments.
Duties and Responsibilities
Financial Record Keeping:
Maintaining Records: Keeping accurate records of all financial transactions, including purchases, sales, receipts, and payments.
Ledger Management: Managing the general ledger and ensuring all entries are accurate and up-to-date.
Document Filing: Ensuring all financial documents, such as invoices, receipts, and bank statements, are properly filed and stored.
Financial Reporting:
Preparation of Financial Statements: Preparing financial statements, including income statements, balance sheets, and cash flow statements.
Monthly and Annual Reports: Compiling monthly and annual financial reports for management review.
Variance Analysis: Analyzing financial discrepancies and providing explanations for variances.
Budget Management:
Budget Preparation: Assisting in the preparation of budgets and financial forecasts.
Monitoring Budgets: Monitoring expenditures against budgets and identifying any variances.
Cost Control: Implementing measures to control costs and enhance financial efficiency.
Accounts Payable and Receivable:
Managing Payables: Processing invoices, verifying financial data, and ensuring timely payments to vendors and suppliers.
Managing Receivables: Issuing invoices to customers, tracking receivables, and ensuring timely collection of payments.
Reconciliation: Reconciling accounts payable and receivable ledgers to ensure accuracy.
Banking and Cash Management:
Bank Reconciliation: Reconciling bank statements with the organization's financial records to ensure accuracy.
Cash Flow Management: Monitoring cash flow and ensuring adequate liquidity to meet the organization’s financial obligations.
Deposit and Withdrawal Management: Managing deposits, withdrawals, and transfers of funds.
Compliance and Audit:
Regulatory Compliance: Ensuring compliance with financial regulations and standards, such as GAAP or IFRS.
Internal Controls: Implementing and maintaining internal controls to safeguard the organization’s assets.
Audit Coordination: Coordinating with external auditors during audits and providing necessary documentation and explanations.
Taxation:
Tax Filing: Preparing and filing tax returns accurately and on time.
Tax Compliance: Ensuring compliance with all tax laws and regulations.
Tax Planning: Assisting in tax planning and advising on tax-related matters to minimize liabilities.
Qualifications and Experience
Bachelor's degree in Commerce, Business Administration (Accounting and Finance), or related field from a recognized institution
CPA holder, at least level two
3-5 years of experience in accounts, with at least 2 years at a supervisory level
Competencies:
Excellent communication skills
Computer literacy and knowledge of accounting packages
How to Apply
Application Instructions: Interested applicants should address their applications and copies of their academic documents to the Chairperson Human Resource Committee, Rushere SACCO, PO BOX 09. Rushere - Kiruhura or email to: info@rusheresacco.ug
Deadline for Application
June 25, 2024