Wayoe Engineering & Construction Job For Treasury / Payroll Accountant

Wayoe Engineering & Construction Limited is a privately-owned Ghanaian engineering and construction company with world-class capabilities spanning across the client value chain. We operate a business model comprising of fabrication detailing, procurement and construction services delivering integrated solutions to our clients. WEC’s principal offices are strategically located in Takoradi, Ghana and Johannesburg, South Africa, with additional registered offices in Democratic Republic of Congo, Liberia, Mali and Sierra Leone.

Effective with the release of this position announcement, WEC is seeking applicants for the position of Treasury/Payroll Accountant to be based in its Takoradi office

Reporting Responsibilities

The Treasury/Payroll Accountant reports to the Group Finance Manager of the company.

Direct Reports: None

Role Purpose

The Treasury role include monitoring of cash flow, control of money transmission tools. managing bank accounts, maintenance of financial records in relations to banking, performance of banking operations, providing financial advice to the company, and handling cash management system.

Under general direction, the purpose is also to perform professional and confidential accounting work and provide support, information and assistance to HR and employees on payroll issues. The incumbent will also manage payroll by ensuring accurate and timely processing of payroll and payment of salaries. The role will also oversee the management of all Petty Cash accounts across all WEC project locations and the Head Office.

Key Performance Indicators (KPI’s)

• Reconciliation of all petty cash accounts
• Reconciliation of all bank accounts.
• Timely and accurate processing and payment of salaries
• Quick resolution of employee payroll issues
• Produce a weekly cash position report in a timely fashion.

Working Environment/Exposure to Risk

• Air-conditioned office

Responsibilities

1. Treasury Accounting

• Develop good relationship with all banking partners in order to facilitate banking transactions of the company.
• Monitor and forecast cash flow and produce cash position reports to help with payment/ investment decisions and borrowing need assessments.
• Control money transmission tools and report and work with banks relationship personnel to resolve issues with money transmission.
• Manage bank accounts including transfers between accounts.
• Recording of banking transactions in general ledger.
• Perform all banking operations, providing financial advice to the company, and handling of the cash management system.
• Provide regular update and advice to the Group Finance Manager regarding the liquidity position of the company

2. Payroll Processing:

• Accurately process and pay salaries on time.
• Ensure timely payment of statutory and other deductions e.g. PAYE, SSNIT.
• Accurately record payroll and related costs and liabilities in the general ledger.
• Resolve payroll issues with HR and employees quickly.
• Assist GL Accountant with employee costs variance explanations.
• Provide insight through analysis of employee costs into various categories.

3. Petty Cash Management:

• Manage petty cash in accordance with established policy.
• Ensure that there is supporting documentation for petty cash transactions.
• Perform petty cash reconciliation on a monthly basis for HO and review Projects petty cash reconciliations from Project Administrators.
• Ensure regular petty cash counts

Key Relationships

• Internal: Human Resource department with respect to salary issues.
• External: Relationship Banking Officers.
• WEC Project Administrators/Accounting Officers.

Judgement and Complexity

Judgement of the jobholder is highly required in:

• Cash flow management to ensure liquidity.
• Dealing with Relationship Banking Officers to resolve issues.
• Dealing with employees on payroll issues.
• Communicating and handling issues of confidential nature.

Responsibility for Assets

The incumbent is responsible for:

• Petty Cash
• Fire resistant safes
• Computer and IT equipment under his/her care.

Level of Authority

• The jobholder’s authority is limited to making recommendations and seeking approval.

Competences Required

1. Educational & Professional Qualification:

• Degree in Accounting and Finance
• Part Professional accounting qualification or MBA Finance is a plus
• 2 to 4 years’ experience required

2. Skills and Knowledge Required:

• Strong interpersonal skills with good temperaments.
• Keen attention to details and very accurate with numbers.
• Able to meet strict deadlines.
• Strong commitment, ability to prioritize and willingness to be flexible with time.
• Ability to remain discrete and keep confidential information.
• Computer literacy with strong Microsoft Excel skills.
• Knowledge of occupational pension, workman compensation insurance and PAYE tax calculations.