JOB TITLE

KNOWLEDGE, SKILLS, EXPERIENCE AND KEY RESPONSABILITIES REQUIRED

KEY RESULT AREA

FINANCIAL ACCOUNTANT (3 Staff).

Reports to: Chief Accountant

Age Limit: 35

• Being a Rwandan by Nationality;
• Bachelor’s degree in accounting or finance)
• CPA or ACCA qualification is a must
• Experience: At least 1 year’ experience in Accounting or Finance preferably in banking or other financial institutions.

Personal Attributes

• Demonstrate leadership abilities
• Good judgement
• High sense of responsibility
• Confident
• Integrity
• Diligent
• Attention to details
• Positive attitude
• Teamwork spirit

Skills & knowledge

• Having in depth experience and knowledge in banking products and Finance.
• Strong understanding of international Financial Reporting Standards.
• Analytical and problem-solving skills.
• Report writing skills
• Analytical Skills & demonstrate use of excel spreadsheets
• Good understanding of Microfinance regulatory environment.
• Ability to work under pressure and handle multiple priorities.
• Ability to learn quickly and adapt easily
• High levels of personal initiative and commitment
• Excellent communication and interpersonal skills.
• Ability to work independently and collaboratively.
• Good computer literacy with excellent use of MS Office – Advanced Excel, Word and PowerPoint
• Ability to work with Finance Team and contribute the productive inputs

Key responsibilities

• Oversee and manage the day-to-day reconciliation of suppliers’ accounts and other general ledgers within Umwalimu SACCO’s financial accounting systems, ensuring accuracy, completeness, and timely resolution of discrepancies.
• Review and analyze supplier invoices and prepare the relevant payment documents, including bank payment vouchers, payment orders, and ticket vouchers. Additionally, analyze, process, and prepare all payment vouchers related to transport, accommodation, official missions, and sitting allowances for staff as well as elected governance bodies, ensuring compliance with applicable policies and procedures)
• Ensure full adherence to the three-way matching principle (¹LPO, ²DLN/GRN/Internal Reception Committee Report & ³Supplier’s Invoice before processing any payment).
• Assist tax officers to prepare for filing of monthly tax returns including VAT, PAYE, WHTs, RSSB statutory taxes, CIT, property taxes and other taxes.
• Collaborate with ICT Department to ensure the accuracy and integrity of financial information generated by the system, including the Trial Balance, General Ledgers, and reports from the Credit and Operations departments, particularly for regulatory reporting to the National Bank of Rwanda.
• Ensure proper maintenance of debtors’ and creditors’ control accounts by continuously reconciling them with debtor and creditor listings across all levels.
• Ensure full responsibility for completing and properly filing all supporting documents related to processed transactions. Ensure that contracts for accruals and prepayments are duly executed and accurately recorded in the books of accounts.
• Prepare and coordinate the daily replenishment of branch safes and vaults in collaboration with the Operations Department, ensuring accuracy, adequacy of cash levels, and compliance with internal controls.
• Ensure timely reconciliation of all business bank accounts and interbank transfers, promptly identifying and resolving any discrepancies
• Ensure arithmetical accuracy of month and year-end activities including accounting for accruals, prepayment and depreciation of fixed assets, etc.
• Ensure monthly fixed assets register reconciled with the General Ledger Balance as reflected in the Trial Balance
• Assist in the creation and modification of General Ledger internal accounts in the Core Banking System, ensuring compliance with International Financial Reporting Standards (IFRS) and the chart of accounts prescribed by the National Bank of Rwanda
• Ensure strict compliance with the filing process for supporting documents by clearly putting the transaction numbers on the ticket vouchers and submitting them promptly to the responsible personnel for both review and filing purposes.
• Provide all daily purchase codes to suppliers on the same day to enable timely EBM issuance and ensure full compliance with financial consumer protection regulations.
• Assist the Chief Accountant in the preparation of the periodic financial statements.
• Ability to assist internal and external auditors by providing supporting documentation and responding promptly to information requests

• Accurate and timely preparation of monthly, quarterly, and annual financial reports.
• Proper maintenance of accounting records and supporting documentation in compliance with applicable standards and regulations.
• Effective management of budgets, cash flows, reconciliations, and financial controls.
• Timely statutory and regulatory reporting with zero material compliance issues.
• Improved financial analysis and reporting to support management decision-making.
• Effective coordination of external and internal audit processes with minimal audit findings.