Bayport Financial Services is looking for an Assistant Financial Accountant

Main purpose of the job

Reporting to the company’s Financial Accountant and indirectly to the Finance Manager. The incumbent will be ensuring
that accurate books of accounts are maintained, and reporting deadlines are met. The incumbent will also be responsible to
ensure that the disbursements cycle is completed within set timeframes.

Main duties and responsibilities

Operational initiatives

• Loan disbursement
• Supervise all disbursements to customers ensuring that they are performed timely.
• Capturing of disbursements into the general ledger (GL).
• Fixed assets (FA) register

• Maintains the FA register and tags all the assets timely.
• Reconcile the FA register and Pastel GL on monthly basis.
• Records additions and disposals timely.
• Reconcile the FA on the floor to the register on the floor and from the register to the floor.
• Calculates monthly depreciation.
• Cash and cash equivalents
• Prepares bank reconciliation of banks assigned and investigates reconciling items timely.
• Ensure that direct debits are accurately recorded.
• Receipting
• Approve collection payment and capture into the GL.
• Reporting
• Supports the Financial Accountant in ensuring that an accurate GL is maintained and preparation of the monthly management pack.
• Ensure all financial reporting deadlines are met.

Strategic initiatives

• Ensures adherence to controllable operations costs (Capex and Opex) to be contained within allocated budget.
• Assists the Financial Accountant in ensuring that an accurate general ledger is always maintained and prepare accurate monthly management accounts within set deadlines.
• Support the existing month-end close process. Preparation of calculations, schedules, reconciliations and journals to facilitate monthly reporting.

Other responsibilities

• Participate in the external audit process, ensuring a clean audit opinion and meeting deadlines set by the holding company auditors.
• Perform other accounting duties as delegated by the Finance Manager and Financial Accountant.
• Adhere to available internal controls to safeguard the company’s resources, deter and detect fraud and meet best practice.
• Risk identification.
• Ensure financial records are maintained in compliance with accepted policies and procedures.

Skills and competencies

• Team player
• People performance monitoring
• Integrity
• Analytical and detailed
• Proficient in Microsoft Office applications
• Ability in preparing accurate financial reports
• Above-average numeracy skills
• Above average computer literacy
• Knowledge of accounting principles and practices
• Knowledge of IFRS
• Knowledge of auditing practices and principles

Academic qualifications

• Bachelor of Accountancy degree
• ACCA/CIMA part-qualified or its equivalent is a prerequisite