The Accounting Supervisor is responsible for supervising the daily accounting operations, ensuring accurate and timely recording of financial transactions in compliance with accounting standards and company policies. This role oversees a team of accountants or accounting staff, manages general ledger activities, and supports the preparation of financial reports. The Accounting Supervisor plays a key role in maintaining effective internal controls and ensuring accuracy in sales, inventory, and expense accounting within the retail environment.
Key Responsibilities
Accounting Operations
- Supervise and review daily accounting transactions including sales, purchases, accounts payable, accounts receivable, and general ledger entries.
- Monitor store-related accounting activities such as sales reconciliation, petty cash, and inventory adjustments.
- Ensure accurate and timely month-end and year-end closing.
- Review and approve journal entries, account reconciliations, and supporting schedules.
- Maintain and implement accounting systems, policies, and procedures to ensure data integrity and operational efficiency.
Financial Reporting & Analysis
- Assist in the preparation of financial statements, management reports, and budget variance analyses.
- Provide accurate financial data and insights to support business decisions.
- Help monitor and control operating expenses and ensure compliance with budget guidelines.
Compliance & Audit
- Ensure adherence to accounting standards, tax regulations, and internal control policies.
- Support internal and external audit requirements by providing necessary documentation and analysis.
- Coordinate with auditors, banks, and regulatory agencies as needed.
Team Supervision & Development
- Supervise, train, and mentor accounting staff to ensure accuracy and productivity.
- Assign daily tasks and monitor team performance to meet reporting deadlines.
- Promote continuous improvement, teamwork, and professional growth within the department.
Qualifications
Education:
- Bachelor's degree in Accountancy, Finance, or related field.
- CPA (Certified Public Accountant) is an advantage.
Experience:
- At least 35 years of relevant accounting experience, with 12 years in a supervisory or senior accounting role.
- Background in retail, FMCG, or distribution industry is preferred.
Skills & Competencies:
- Strong knowledge of accounting principles, financial reporting, and tax compliance.
- Proficient in accounting software (e.g., SAP, QuickBooks, or similar ERP systems).
- Excellent attention to detail, analytical, and problem-solving skills.
- Strong leadership, communication, and organizational abilities.
- Ability to work effectively under pressure and meet tight deadlines.
