Accounting Manager

Summary:

The Accounting Manager is responsible for overseeing the company’s accounting operations, ensuring accurate and timely financial reporting, maintaining proper accounting records, and ensuring compliance with applicable accounting standards, tax regulations, and internal policies.

The role provides leadership to the accounting team, manages the month-end and year-end closing processes, supports budgeting and financial analysis, and works closely with management and other departments to ensure sound financial controls and informed business decisions.

Responsibilities:

1. Accounting Operations

   • Oversee the day-to-day accounting operations, including accounts payable, accounts receivable, general ledger, payroll-related accounting, and fixed assets.
   • Ensure accurate and timely recording of financial transactions.
   • Review journal entries, reconciliations, and supporting documentation.
   • Maintain organized and complete accounting records in accordance with company policies and applicable standards.
   • Monitor cash flow and assist in managing the company’s working capital.

2. Financial Reporting

   • Lead the monthly, quarterly, and annual financial closing processes.
   • Prepare and review financial statements, management reports, and financial schedules.
   • Analyze financial results and investigate significant variances against budgets, forecasts, and prior periods.
   • Provide management with accurate and timely financial information to support business decisions.
   • Ensure the integrity and accuracy of financial data and reports.

3. Tax and Regulatory Compliance

   • Ensure compliance with applicable tax laws, accounting standards, and regulatory requirements.
   • Coordinate the preparation and timely filing of tax returns and other statutory reports.
   • Liaise with external auditors, tax consultants, government agencies, and other relevant parties as required.
   • Monitor changes in accounting and tax regulations and assess their potential impact on the business.

4. Internal Controls and Audit

   • Develop, implement, and maintain effective accounting policies, procedures, and internal controls.
   • Identify financial and operational risks and recommend appropriate control improvements.
   • Coordinate internal and external audits and ensure timely resolution of audit findings.
   • Ensure proper segregation of duties and adherence to established financial controls.

5. Budgeting and Financial Planning

   • Support the preparation of annual budgets, forecasts, and financial plans.
   • Monitor actual performance against budget and provide variance analysis.
   • Assist management in evaluating financial trends, costs, and business performance.
   • Provide financial insights and recommendations to improve profitability and operational efficiency.

6. Team Leadership

   • Supervise, coach, and develop members of the accounting team.
   • Assign responsibilities and establish clear performance expectations.
   • Review team performance and provide regular feedback and guidance.
   • Promote accuracy, accountability, continuous improvement, and professional development within the accounting function.

7. Process Improvement

   • Identify opportunities to improve accounting processes, reporting systems, and financial controls.
   • Support the implementation and optimization of accounting software and other financial systems.
   • Automate and streamline repetitive accounting processes where appropriate.
   • Ensure accounting procedures are efficient, scalable, and aligned with business requirements.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Certified Public Accountant (CPA) or equivalent professional qualification is preferred.
• Typically, 5–8 years of progressive accounting experience, including experience in a supervisory or management role.
• Strong knowledge of accounting principles, financial reporting, and internal controls.
• Experience with tax compliance and statutory reporting.
• Proficiency in accounting software and Microsoft Excel.
• Experience with ERP systems is an advantage.
• Strong analytical, organizational, and problem-solving skills.
• Excellent attention to detail and ability to meet deadlines.
• Strong written and verbal communication skills.
• Ability to manage multiple priorities and work effectively with different departments.