Duties and Responsibilities  

• Manage and oversee the general accounting functions within the Reporting department 

Closing & Review 

• Close the books of all subsidiaries by posting cash, cash receipts and sales monthly and yearly 

• Sum the general ledger and prepare trial balances.  Identify imbalances and rectify any issues  

• Adjust for accruals and prepare adjusted trial balances.  Identify imbalances and rectify any issues 

• Generate financial statements, enter closing entries (move temporary accounts to permanent) and prepare the final trial balance. Identify imbalances and rectify any issues 

• Review the posting of all entries to the general ledger ensuring entries and accounting methods employed are correct 

• Identify inconsistent entries and work with colleagues to eliminate such instances in the future 

Consolidation 

• Combine the financial statements of several subsidiary companies in the combined financial results of the Group 

• Consolidate the balance sheets of the combined entities by eliminating intercorporate investments, adjusting for intercompany receivables and payables, and reconciling equity 

• Determine the proper accounting method for all investments (equity method, full/proportionate consolidation) and adjust accordingly 

• Record or eliminate transaction accounting entries, such as goodwill, as needed.  Determine the method of accounting applicable to each transaction (purchase method, pooling of interests) and apply it   

• Consolidate the income statements of the combined entities by eliminating intercompany sales 

Bookkeeping & Reconciliation 

• Establish and enforce proper accounting methods, policies and principles 

• Assess current practices and procedures, and make recommendations for improvement  

• Oversee the recording of all entries into the general ledger for each account as mentioned below: 

Accounts Receivable 

• Prepare journal entries for accounts receivable and sales then record in the ERP.  This includes provisioning allowances for doubtful accounts and creating and tracking deferred revenue schedules 

• Generate invoices, send bill reminders, process payments and post receipts for goods sold or services rendered  

• Perform account reconciliations and investigate discrepancies 

• Resolve collections by examining customer payment plans and payment history, and coordinating with Treasury as needed 

Accounts Payable 

• Prepare journal entries for accounts payable and expense related items then record in the ERP.  This includes recording discounts and refunds received, and creating and tracking prepaid expense schedules  

• Track all payments and expenditures, including payroll, purchase orders, invoices, partial payments and other similar items 

• Clear all financial commitments by preparing checks or arranging for electronic submission.  Liaise with those owed to ensure processing of the payment 

• Reconcile processed work by verifying entries and comparing system reports to balances 

• Develop and maintain strong working relationships with vendors and suppliers. Work with Treasury to delay payments as needed to ensure sufficient capital is available to meet all obligations 

Inventory 

• Prepare journal entries for inventory and COGS then record in the ERP. This includes tracking the inventory stages (raw material, work-in-process, finished good) and allocating expenses to COGS (LIFO, FIFO, avg. cost) 

• Track purchase orders, monitor inventory transactions, reconcile inventory with accounts at the month end and investigate discrepancies 

• Conduct inventory control audits, variance analysis, charge-backs and physical inventory count reconciliations 

Fixed and Intangible Assets 

• Prepare journal entries for fixed and intangible assets then record into the proper module of the ERP 

• Develop and track depreciation and amortization schedules. Where tax and accounting principles require different periods of time for depreciation and amortization track both and make the necessary journal entries 

• Record sales and write-offs of assets.  Properly account for gains and losses considering the nature of the transaction (cash vs. like-for-like vs. payment in-kind) 

• Maintain the asset registry and ensure all new assets are tagged accordingly. 

Leases 

• Determine the appropriate accounting principle for each lease an apply it accordingly 

• Prepare journal entries for leases then record in the ERP.  This includes right-of-use assets, lease liabilities interest expenses and depreciation (and subsequent schedules) for all leases subject to IFRS 16. 

Audit & Financial Control 

• Analyze control procedures, identify gaps and report on deficiencies to Financial Controller 

• Design processes to limit the capacity for intentional or unintentional errors 

• Play an active role in reviewing policies and procedures ensuring they are up to date with legislation and best practices 

• Assisting with external audits on a yearly basis and as may be required 

Leadership 

• Assign projects and direct Corporate Accountants and General Ledger Accountants to ensure compliance and accuracy 

• Develop team members by managing performance, setting goals, providing ongoing training and maintaining strong employee relationships 

• Work with other Managers and Financial Controllers 

While the above includes a description of the essential functions of the position, other duties may be assigned. This job description is subject to change at the discretion of management 

•  ​​Bachelor's degree in accounting or finance
• Accounting certifications (CPA, ACCA or CIMA) highly preferred 
• 7+ years of progressive accounting experience with a portion of it in a supervisory role 
• Fluent in English 
• Extremely organized and attentive to detail 
• Strong with numbers 
• Thorough understanding of accounting and financial reporting principles and practices 
• Excellent verbal and written skills 
• Strong leadership skills with a dedication to driving and achieving results 
• Advanced skills in Microsoft Excel and Word 
• Familiarity with Enterprise Resource Planning (“ERP”) software systems