Project Accountant

at Alliance Ginneries Limited (AGL Tanzania)
Location Dar es Salaam, Tanzania, United Republic of
Date Posted June 15, 2024
Category Accounting
Audit
Finance
Management
Job Type Full-time
Currency TZS

Description

JOB DETAILS:
Alliance Ginneries Limited (AGL) is an agro-based company situated in the Bariadi District within Simiyu Region. Alliance Ginneries is 100 km away from Mwanza City and 42 km away from Bariadi Town along Bariadi Magu Road.

Alliance has been actively participating in the cotton business since 1999 with her operations covering four Regions within the Lake Zone: Simiyu, Mwanza, Shinyanga, and Mara. Alliance has been actively involved in supporting cotton farmers through contract farming.

The company’s main operation is the sourcing and processing of raw cotton, for which it relies on smallholder farmers. The raw cotton is converted into cotton lint in Alliance’s specialized cotton ginnery in Kasori Village.

AGL Tanzania anticipates signing a partnership agreement with C-Quest Capital LCC, a USbased Social Impact Carbon developer to implement a pilot project on Nature-based Solutions (NbS) in the Bariadi district, Maswa district, and Itilima district in Simiyu region. The goal of the program is to improve livelihoods, food security, and resilience to climate change in Tanzania by restoring ecosystem services and improving the management of agricultural, pastoral, and forest areas contributing to carbon emissions reductions. This program will enable and build substantial carbon sinks and sequestration opportunities, allowing viable returns to both farmers and investors.

The company calls for applications from suitably qualified Tanzanians to fill the vacant posts of Field Officers (6) and Project Accountant (1) under the program. Those interested and qualified, both male and female, are encouraged to apply. The responsibilities and requirements for each position are described below:

Position Title: Project Accountant
Reports To: Chief Financial Officer (CFO) but working closely with Field Manager at AGL.

Position Summary:
The Project Accountant will work under the close supervision of the Chief Financial Officer (CFO) to manage the financial aspects of the project within the organization. This role is responsible for ensuring accurate financial reporting, budget management, and compliance with financial regulations. The Project Accountant will collaborate with the Field Manager and other departments to provide financial insights and support to ensure project success.

Key Responsibilities:

1. Financial Reporting:
o Prepare and maintain financial reports for the NbS project.
o Ensure timely and accurate reporting of project financials to CQC.
o Develop and present financial summaries and variance analyses.
2. Budget Management:
o Assist in the preparation and monitoring of project budgets.
o Analyse budget variances and report findings to the CFO.
o Recommend budget adjustments as necessary.

3. Accounts Payable/Receivable:
o Manage project-related accounts payable and receivable.
o Ensure timely invoicing and payment processing.
o Reconcile project accounts and resolve any discrepancies.

4. Cost Tracking and Analysis:
o Track and report project costs against budgets.
o Conduct regular cost analysis and provide insights to the field manager.
o Implement cost control measures to improve project efficiency.
5. Compliance and Audit:
o Ensure compliance with internal financial policies and procedures.
o Assist in preparing for audits and provide necessary documentation.
o Address any audit findings and implement corrective actions.

6. Collaboration:
o Work closely with the field manager and CQC NbS Manager to provide financial guidance and support.
o Liaise with other departments to gather necessary financial information.
o Participate in project planning and review meetings.

7. Documentation and Record-Keeping:
o Maintain accurate financial records for all assigned projects.
o Ensure proper documentation of financial transactions.
o Develop and update financial procedures and policies as needed.
8. Systems and Tools:
o Utilize financial software and tools to manage project finances.
o Recommend improvements to financial systems and processes.
o Train project staff on financial procedures and systems.

Qualifications:
• Education:
o Bachelor’s degree/Diploma in Accounting, Finance, or a related field.
• Experience:
o Minimum of 3-5 years of experience in project accounting or a similar role.
o Experience working in a fast-paced environment with tight deadlines.
o Familiarity with financial reporting and budgeting processes.
• Skills:
o Strong analytical and problem-solving skills.
o Excellent attention to detail and organizational skills.
o Proficient in financial software and Microsoft Office Suite (especially Excel).
o Ability to communicate complex financial information clearly and concisely.
• Personal Attributes:
o Ability to work independently and as part of a team.
o High level of integrity and ethical standards.
o Strong interpersonal and communication skills.
o Ability to manage multiple projects and priorities simultaneously.
Working Conditions:
• Standard office environment with occasional travel to project sites as required.
• Ability to work extended hours during peak periods.

CONDITIONS OF SERVICE FOR ALL THE POSTS
An attractive remuneration will be offered to successful candidates commensurate with qualifications and experience. The contract is for 12 months renewable yearly based on performance or availability of funds.

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