Accountant - Earthspan Services Consulting

Summit Vision Microfinance Services Ltd (SVMF) is a Bank of Ghana Licensed Specialized Deposit Taking Microfinance Institution mandated to provide microfinance services to individuals and MSMEs in Ghana. The company will operate from its new Head Office at Pokuase, Accra, and will continue its existing satellite activities in communities across the Ashanti, Ahafo, Western North, Bono, Bono East and Upper West Regions, which have been ongoing since January 2011.

PURPOSE OF POSITION

To oversee the accounting activities of the company while complying with Bank of Ghana rules, regulations, International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS).

Direct reports: the Chief Executive Officer and the Board.

Job Summary

• Managing day -to- day recording of accounting transactions accurately, management of the company trial balance, preparation of monthly management accounts, preparations and management of company tax and regulatory transactions and it’s reporting as per the tax and Central Bank regulations.

• Developing and implementing sustainable efficient information management strategy that facilitates quality and timely business decision-making and provide expertise in financial reporting and control to assist management in the formulation and implementation of SVMF’s strategy.

Major Responsibilities (technical)

• Develop procedures and prepare financial statements for the monthly accounting cycles of SVMF for use by the management, regulatory authorities, and external auditors.

• Prepare all weekly, monthly, quarterly, semi-annual and annual regulatory report (Financial statements) and ensure compliance with the Central Bank regulations, IAS and IFRS.

• Review all accounting transactions.

• Monitor reconciliations between accounting systems and ensure proper trade bookings.

• Manage costs within the company in line with the accounting policies and procedure.

• Prepare, review and make sure that the payroll entries are being properly accounted for and correctly posted into the core banking system.

• Prepare, reconcile and review company’s Fixed Asset Register.

• Prepare all bank reconciliation reports.

• Manage the company statutory obligations (WHT, P.A.Y.E, CORPORATE TAX etc.)

• Review Balance sheet analysis (Account reconciliation) schedules on monthly basis.

• Collaborate with IT team to improve and develop core banking system to organize loan portfolio data, impairments, interest accrual and client data more efficiently, reducing turnaround time on important transactions while increasing accuracy.

• Participate in the preparation of Company Budget, monitoring and control the actual against budget.

• Assist in preparations and review of the company strategic plans and constantly advise management of the plans.

• Prepare financial projections, controls and monitor all the company’s products in line with the accounting policies and procedure.

• Prepare monthly and analyse Branch profitability reports (Income & expenditure), advice loss making branches/satellite offices and follow up on the strategies to improve them to be profitable.

• Prepare management reports as required by SVMF Management, Board, external parties

• Assisting External auditors during annual audits.

Skills, Qualification & Experience

• BA, B.Sc., B. Com or   HND with Accounting option

• Plus, ICA  Part II, CPA Part II, CIMA II and ACCA Part II with at least 3 years working experience.

• Strong knowledge of laws, regulations, and microfinance industry practices.

• Proficient in preparing and filing returns to Bank of Ghana.

• Analytical, problem-solving, and communication skills.

• Ability to work independently and as part of a team.

CONDITIONS OF SERVICE

• Attractive remuneration with fringe benefits. There are opportunities for self-development.

Key Performance Indicators (KPIs)

• Zero penalties from regulators

• On -time filing of returns free of errors

• On-time preparation of institutional financial reports and annual budgets

• On-time preparation of Board Pack

• Significant reduction in cost

• Assisting Senior management and staff to meet financial targets.

Work Environment

• Typically, office-based

• Collaborative team environment

• Flexible work arrangements may be available

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