General Purpose:
The Chief Accountant is responsible for overseeing the financial operations of the organization, ensuring accurate and timely financial reporting, and maintaining robust internal controls. This role involves managing the accounting department, developing and implementing financial policies, and providing strategic financial guidance to support the organization's overall objectives. The Chief Accountant is also expected to ensure compliance with relevant financial regulations and standards.
This position will also oversee basic HR functions for the company including payroll, social insurance, and some basic recruitment functions.
Essential Duties:
1. Financial Reporting:
- Prepare and review financial statements, reports, and budgets to ensure accuracy and compliance with accounting principles and regulations.
- Oversee month-end and year-end closing processes, ensuring timely and accurate financial reporting.
- Coordinate with external auditors for annual audits and resolve any audit findings.
2. Budgeting and Forecasting:
- Develop, monitor, and update annual budgets in collaboration with department heads.
- Provide financial analysis and forecasts to support strategic planning and decision-making.
- Analyze variances between actual results and budgeted figures, providing explanations and recommendations.
3. Internal Controls:
- Design, implement, and maintain internal control systems to safeguard the organization's assets and ensure the integrity of financial information.
- Monitor compliance with established internal controls and recommend improvements as necessary.
4. Tax Compliance:
- Ensure timely and accurate filing of all tax returns and related documents.
- Stay updated on changes in tax laws and regulations, ensuring the organization remains compliant.
- Manage relationships with tax authorities and resolve any tax-related issues.
5. Team Management:
- Supervise, train, and mentor accounting staff, fostering a collaborative and productive work environment.
- Delegate tasks and responsibilities to team members, ensuring efficient workflow and task completion.
- Conduct performance evaluations and provide feedback to support professional development.
6. Cash Flow Management:
- Monitor cash flow to ensure sufficient liquidity for the organization's operations.
- Manage relationships with banks and other financial institutions.
- Oversee the organization's investment strategies and manage short-term and long-term financial planning.
7. Policy Development:
- Develop and update accounting policies and procedures to enhance the financial management and operational efficiency of the organization.
- Ensure compliance with all relevant financial regulations and reporting requirements.
- Communicate and enforce accounting policies and procedures across the organization.
8. Strategic Support:
- Provide financial insights and recommendations to senior management and the board of directors to support strategic decision-making.
- Participate in the development and implementation of organizational strategies, ensuring financial considerations are integrated into business planning.
9. Stakeholder Communication:
- Serve as a liaison between the finance department and other departments within the organization, ensuring effective communication and collaboration.
- Prepare and present financial reports to senior management, the board of directors, and other stakeholders as required.
10. Continuous Improvement:
- Identify opportunities for process improvements within the accounting function, leveraging technology and best practices.
- Stay current with industry trends, accounting standards, and regulatory changes, adapting practices as necessary to maintain compliance and operational efficiency.
.png)
