Senior Accountant - Financial Controls
D002 - Finance
Head Office - Lusaka District, Lusaka Province
07 Jun 2023 00:00
23 Jun 2023 00:00
Reports to Head of Finance. The incumbent is responsible for scheduling and tracking of tasks within the Financial Control section to achieve efficiency and effectiveness and in a manner upholding sound internal controls.

Main duties
  • Responsible for the overall management of a huge portfolio of Cash and Bank General Ledger Accounts (around 100 Cashbooks/Bank Accounts, multi-currency: ZMK, USD, GBP, Euro). 
  • Responsible for the accuracy and completeness of Cash/Bank accounts balances for management and financial reporting purposes.
  • Daily review, reconciliation and clearance of the inter-bank transfers suspense accounts.
  • Tracks details of outstanding transactions and amounts making up running balances in the inter-bank transfers suspense accounts. 
  • Oversee daily reviews, reconciliation and validation of balances sitting in all the cash-at-hand suspense accounts.
  • Maintains up-to-date and accurate details of transactions making up balances in all the cash-at-hand suspense accounts.
  • Continuously reviews the general suspense accounts, reconcile and cause to be cleared any pending entries to avoid carrying unsupported balances.
  • Reconcile the account balance in the cash investments control account (GL) to the investments portfolio and assets type (e.g. cash-at-bank, fixed deposits, treasury bills/bonds, etc.).
  • Maintains detailed breakdown of inter-company entries from Head Office and reconcile with counter-parties and obtain their sign-offs on account balances at reporting cut-off dates.
  • Makes recommendations for clearing of inter-company balances through account settlement or swapping arrangements (e.g. balances between group companies).
  • Tracks and validates balances in the staff debt recovery control accounts.
  • Ensures completeness of accounting entries on surcharges/invoices/debit notes raised on staff and credits for recoveries effected through payroll.
  • Reconciles the account balances in the GL to outstanding balances on the payroll recovery schedules.
  • Ensure availability of detailed schedules on closing balances in provisions/accruals accounts.
  • Plan and execute reconciliation of all types of receivables falling under head office (e.g. subaward debtors, operations debtors, etc.).
  • Reconciliation of GL control accounts totals to related Sub-ledger combined balances.
  • Reviews and tracks the running balance on the staff float portfolio through the GL control account and reconcile the totals to related Sub-ledger combined balances.
  • Reviews and tracks the running balance on the various Accounts Payable GL control accounts (ZMK, USD, GBP, Euro, etc.) and reconcile the totals to related Sub-ledger combined balances.
  • Assumes responsibility for handling audit reviews pertaining to financial controls within the scope of this role.
  • Full Grade Twelve (12) Certificate
  • Degree in Accountancy or equivalent
  • Full professional qualification such as CA Zambia/CIMA/ ACCA
  • Must be a registered member of the Zambia Institute of Chartered Accountants (ZICA)
  • Minimum of five (5) years’ relevant post qualification experience, working in a busy finance and accounting environment
  • Must possess practical skills in management and financial reporting
  • Analytical and problem-solving skills
  • Planning and organizational skills
  • Teamwork and interpersonal communication skills
  • Risk management skills
  • Proven results-oriented attitude
Suitably qualified candidates are invited to apply. However, only shortlisted candidates will be contacted.