Posted Jan 16, 2024 774 views
Job Responsibilities:
Financial Record Keeping:
- Maintain accurate and up-to-date financial records, including ledgers, journals, and financial statements.
- Record all financial transactions in a timely and organized manner.
- Ensure compliance with accounting principles and company policies.
Accounts Payable:
- Process and verify invoices, ensuring accuracy and proper authorization.
- Prepare and execute timely payments to vendors, suppliers, and service providers.
- Reconcile accounts payable transactions and resolve discrepancies.
Accounts Receivable:
- Generate and issue invoices to customers in a timely manner.
- Monitor and follow up on overdue payments.
- Reconcile accounts receivable transactions and resolve any discrepancies.
Cash Handling:
- Manage and reconcile daily cash transactions, ensuring accuracy and completeness.
- Conduct daily cash book closing procedures to reconcile physical cash on hand with recorded transactions.
- Prepare bank deposits and maintain documentation of cash receipts.
- Monitor cash flow and provide regular reports to management.
Bank Reconciliation:
- Conduct regular bank reconciliations to ensure the accuracy of financial records.
- Investigate and resolve discrepancies between bank statements and internal records.
Daily Cash Book Closing:
- Perform daily reconciliation of the cash book to ensure all transactions are accurately recorded.
- Close and finalize the daily cash book, ensuring proper documentation and sign-offs.
- Report any discrepancies or issues in the daily cash book to management promptly.
Financial Reporting:
- Assist in the preparation of financial reports, including income statements, balance sheets, and cash flow statements.
- Provide financial information to support budgeting and forecasting processes.
Compliance:
- Ensure compliance with relevant accounting standards, regulations, and company policies.
- Assist in the preparation of financial statements for external audits.
Financial Analysis:
- Assist in financial analysis and reporting to support decision-making processes.
- Provide insights into trends, variances, and financial performance.
Expense Management:
- Monitor and control expenses, ensuring adherence to budgetary guidelines.
- Identify cost-saving opportunities and recommend process improvements.
Communication and Collaboration:
- Collaborate with cross-functional teams, including finance, procurement, and other departments.
- Communicate effectively with internal and external stakeholders regarding financial matters.
Continuous Improvement:
- Identify opportunities for process improvements and efficiency in financial operations.
- Stay updated on industry best practices and implement changes accordingly.
Ad Hoc Tasks:
- Undertake special projects and ad hoc tasks as assigned by management.
- Provide support during financial audits and examinations.
Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field.
- Proven experience in accounts payable, accounts receivable, and cash management.
- Strong knowledge of accounting principles and financial regulations.
- Proficient in using accounting software and MS Excel.
- Excellent attention to detail and organizational skills.
- Strong analytical and problem-solving abilities.
- Effective communication and interpersonal skills.
This detailed set of responsibilities incorporates the daily cash book closing procedures into the broader scope of an Accounts and Cash Specialist's role. Adjustments can be made based on specific organizational needs and requirements.
Skills
Job Details
Agrolix Chemicals
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