The Executive Accounts position is responsible for managing day-to-day accounting operations, including the reconciliation of bank statements, handling cash management, and ensuring accurate financial records using advanced accounting software. The role involves significant interaction with banking institutions, managing bank correspondence, and supporting financial inclusion initiatives. The ideal candidate will have experience in maintaining meticulous financial records, managing cash flow, and ensuring compliance with financial regulations. This position requires strong organizational skills, attention to detail, and the ability to work effectively in a fast-paced environment
Requirements
Bachelor's Degree: A degree in Accounting, Finance, Commerce, or a related field from a recognized university.
Attention to Detail: High level of accuracy in comparing and matching financial records with bank statements.
Analytical Skills: Ability to identify discrepancies and reconcile differences efficiently.
Cash Handling: Experience in managing cash flow, petty cash, and ensuring sufficient liquidity.
Forecasting:Ability to forecast cash needs and manage cash reserves effectively.
Communication Skills: Excellent written and verbal communication skills for effective interaction with banking officials and resolving queries.
Professionalism: Ability to maintain professional relationships with banks and financial institutions.
Accounting Knowledge: Thorough understanding of accounting principles, standards, and practices. Mastery over numbers and being quick with numerical calculations.
Transaction Recording: Proficiency in recording daily financial transactions, maintaining ledgers, and preparing financial reports.
Technical Proficiency: Expertise in using advanced accounting software such as Tally and Focus.
Data Management: Ability to enter, manage, and analyze financial data accurately within accounting software.
Time Management: Ability to handle multiple tasks, prioritize work, and meet deadlines.
Problem-Solving Skills: Strong analytical and problem-solving abilities to identify issues and implement effective solutions.
Organizational Skills: Excellent organizational skills to maintain accurate financial records and documentation.
Key Responsibilities:
Bank Reconciliation
- Perform regular reconciliation of bank statements with internal financial records to ensure accuracy and identify discrepancies
- Investigate and resolve any discrepancies found during reconciliation
- Cash Management
- Oversee cash management processes, including monitoring cash flow, handling petty cash, and ensuring sufficient liquidity for daily operations
- Forecast cash needs and manage cash reserves effectively
- Bank Correspondence
- Manage correspondence with banking institutions, including account management, transaction inquiries, and resolution of banking issues
- Maintain professional relationships with banks and financial institutions to facilitate smooth financial operations
- Financial Inclusion
- Support initiatives aimed at promoting financial inclusion, ensuring that financial services are accessible to underserved communities
- Work on extending financial services to various stakeholders and ensuring compliance with financial inclusion policies
- Day-to-Day Accounting
- Handle daily accounting tasks, such as recording financial transactions, maintaining ledgers, and preparing financial reports
- Ensure all accounting activities comply with financial regulations and internal policies
- Accounting Software
Utilize advanced accounting software (e.g., Tally, Focus) to enter, manage, and analyze financial data.
Ensure the accuracy and integrity of financial data within the accounting software
