Accountant
Location | Dar es Salaam, Tanzania, United Republic of |
Date Posted | December 22, 2022 |
Category | Accounting Audit Finance Management |
Job Type | Full-time |
Currency | TZS |
Description
The accountant will be responsible for several major duties:
- Document financial transactions by entering account information.
- Recommend financial actions by analyzing accounting options.
- Prepare payments by verifying documentation, and requesting disbursements.
- Prepare accurate and properly analyzed monthly/annual financial statements and in the set deadlines. The financial statements must be in accordance with international financial standards.
- Participate in the year end external audit of the company and in support in ensuring accurate statutory financial statements as audited and released on time.
- Responsible for the Company’s tax compliance, tax planning, accounting for income taxes and preparation of tax returns
- Maintaining relations with TRA, tax advisers and advising other departments on all tax matters.
- Ensure all payments subjected to withholding taxes are dealt with accordingly and withheld amounts are remitted to TRA within the stipulated time frame.
- Develop and oversee accounting policies and procedures to meet both current and future business models.
- Collect data to determine costs of business activity such as material purchases, inventory and labor.
- Develop cash flow forecasting and maintain a long term cash forecast.
- Maintain an expenses database and determine fixed costs (e.g. salaries, allowances etc.)
- Analyze actual operational costs and prepare periodic reports; compare standard costs to actual operational costs.
- Record cost information for use in controlling expenditures.
- Provide management with reports specifying and comparing factors affecting profitability of services
- Prepare monthly and annual returns.
- Process and prepare monthly statutory payments, such as NSSF, WCF, HESLB, NHIF, PAYE, SDL. These should be paid within the statutory deadlines.
- In consultation with the Finance & Administration Manager, prepare payments relating to corporate tax on a quarterly basis.
- Analyze and report profit margins.
- Identify and recommend cost-effective solutions.
- Periodic review of the inventory of fleet, equipment, spare parts and other movable assets is accurately maintained.
- Perform any other duties as shall be reasonably assigned to you by management from time to time.
Required profile for job ad : Accountant
Requirements
- Accountant General Skills and Qualifications:
- Bachelor’s Degree in Accounting, Finance or relevant study,
- In-depth understanding of Generally Accepted Accounting Principles (GAAP),
- Hold Certified Public Accountant (CPA) and / or ACCA
- Cost Accounting Knowledge,
- Minimum work experience of 5 years in a related field.
- Must have a strong Cost systems background and have excellent analytical skills; sound understanding of accounting principles.
- Ability to accurately prepare daily, weekly, monthly, quarterly and annual reports
- Excellent analytical skills with an attention to detail,
- Deadline-Oriented,
- Confidentiality,
- Microsoft Office literacy.