Key Responsibilities:
A. Financial Recordkeeping and Reporting
- Record daily financial transactions, ensuring accuracy and adherence to accounting principles.
- Prepare basic financial reports, including trial balances, ledger summaries, and account reconciliations.
- Assist in the preparation of monthly, quarterly, and annual financial statements.
- Maintain and update records of loan transactions, repayments, and adjustments.
B. Payroll Processing and Verification
- Assist in the preparation of payroll by ensuring the accuracy of salaries, benefits, and deductions.
- Double-check payroll computations for accuracy before processing payments.
- Ensure timely and accurate crediting of salaries to employees accounts.
- Assist in resolving payroll discrepancies and responding to employee inquiries related to payroll.
C. Accounts Payable and Receivable
- Process and verify invoices for payment and ensure proper documentation.
- Assist in tracking and recording accounts receivable, including loan payments and interest income.
- Follow-up on outstanding receivables and coordinate with clients or internal teams to resolve discrepancies.
D. Tax Compliance and Filings
- Support the preparation and submission of tax returns, including VAT, withholding taxes, and income taxes.
- Ensure proper documentation of tax-related transactions and compliance with local regulations.
- Assist in preparing supporting documents for tax audits and assessments.
E. Loan Account Reconciliation
- Monitor loan accounts to ensure accurate posting of repayments, interest, and fees.
- Assist in reconciling discrepancies in loan accounts and coordinating with the Loan Management team to resolve issues.
- Maintain organized records of all loan-related financial transactions.
F. Internal Controls and Auditing Support
- Assist in implementing and maintaining internal controls to ensure the accuracy of financial data.
- Support internal and external audit processes by providing requested documents and clarifications.
- Identify areas for process improvement and recommend corrective actions to enhance accuracy and efficiency.
G. Budgeting and Expense Monitoring
- Support the preparation of departmental budgets and track actual expenses against projections.
- Assist in analyzing variances and reporting findings to the VP for Loan Management and Accounting.
- Ensure all expenses are properly recorded and categorized in the financial system.
H. Other Accounting-related Tasks
- Perform other accounting-related tasks or responsibilities as directed by the VP for Loan Management and Accounting.
- Support special projects, campaigns, or initiatives as required to achieve business objectives.
