Accountant

Company Description 

Petromine Group is an innovative engineering company brought with a diversified background and advanced engineering excellence with a wide range of integrated engineering solutions and reliable trading services. (www.Petrominegroup.com).

Summary 

An employee in this job completes or oversees a variety of professional assignments involving the design, maintenance, and implementation of accounting systems; the systematic classification and assessment of accounting data; and the preparation of related managerial and financial reports.

The role of the accountant is to support the company in the control and management of financial systems, processes, general ledger, management reporting, payroll, and the general financial administration of the company. The key responsibilities include overseeing the Firms Accounts Receivable, Accounts Payable, Payroll, and Internal Bookkeeping. 

 Work activities

• Meet regularly with the company senior management regarding all matters of responsibility.
• Preparation of the annual budget and cash flow forecast.
• Financial reporting to meet timetable as established from time to time.
• Providing strategic and operational support through detailed modeling and analysis to facilitate capital expenditure, project feasibility, valuations, planning .and strategy.
• Working with the supply team to support the negotiation and signing of contracts and purchase orders.
• Review and calculate draws, bonuses, and profit splits and ensure payment.
• Includes recording and paying the authorized transactions on daily basis and performing a cash count at the end of each business day
• Daily review of outstanding direct charges requisitions for finance approval
•  Prepare year-end statutory accounts, tax returns, and supporting schedules for approval by senior management.
• Prepare Goodwill Valuation Calculations Provide financial information for periodic practice surveys
• Responsible for tax matters for the Company including income tax, payroll tax, and VAT…etc. returns and lodge by the due dates
• Responsible for the practice accounting records.
• Liaise with bankers, solicitors, insurance brokers, insurance authorities, and other third-party advisors as needed.
• General and subsidiary ledger reconciliations 
• Liaise with the Chartered Accountant ensuring that the company liabilities are discharged as needed
• Manage the company purchasing of supplies within the delegation of authority
•  Maintain the fixed asset register Management of Firms trust account
• Control company bank statements monthly
• Discussing reporting required with IT for any new reporting methods
• Liaise with the clients to ensure debtor days and collection targets are met.
• Reconcile debtor statements monthly and combine debtors and bad debts into the template when required.
• Ensure collection processes are in step with company aging and collection targets
• Proactively oversee all aspects of the Firm debtors including;
• Monthly reconciliation of individual debtor balances to debtor ledger and general ledger; 
• Prepare debtor reports for Partners and management; 
• Follow up with outstanding debtors, via phone, letters, and emails;
• Maintenance of bad debt ledgers; 
• Daily receipting of payments and processing credit notes, and; 
• Support external debt collection agencies where necessary. 
• Payroll overseeing and authorizing all staff payments, including:
• Monthly payroll; 
• Reconciling leave balances for Payroll
• Produce Payment Summaries
• Monthly remittance of payments
• Communicate with Human Resources in regard to all payroll-related issues. 
• Process monthly payroll tax. Backup process payroll when required.
• Bookkeeping monthly reporting as required.
• Monthly review of an open request for purchase open Purchase order and advance Payment reports.
• Minimize to the least number of Advance Payments.
• Undertake any task that the company senior management requires, within reason.