Management Accountant
Description
The Management Accountant role is responsible for managing payments,
stakeholder inquiries, payroll processing, financial reporting, and donor
accounts for Teach The World Foundation. This position is responsible for
ensuring compliance with Standard Operating Procedures in fund transfers,
resolving queries related to finances, and preparing accurate payroll.
Additionally, this role conducts month-end and year-end financial procedures,
including reconciliation, tax reporting, and donor contribution analysis, while
coordinating with various departments for seamless operations.
Payment Management:
- Initiate and obtain approval for
transactions.
- Enter and verify bills according to Standard Operating Procedures, ensuring
compliance.
Stakeholder Management:
- Resolve
queries related to salaries, rents, and vendor payments.
- Manage communications
via calls, emails, and messages.
Payroll Management:
- Prepare monthly payroll including salary disbursement, and recording
and calculation of withholding taxes on salaries.
- Coordinate with Operations and HR departments and associates to
obtain relevant documentation such as joining dates, bank account numbers, and
authorization forms.
- Obtain
payroll approval and process transfers.
Financial Reporting:
- Perform month-end closing procedures to
ensure accurate financial reporting.
- Reconcile accounts and review financial
statements for completeness and accuracy.
- Prepare and submit required tax reports
in compliance with regulatory requirements.
- Assist in year-end closing procedures to facilitate financial audits and
reporting.
Requirements
Knowledge and Experience Requirements | |
Education: | Bachelor’s or Master’s degree in Finance,
Accounting, Economics, or a related field. Professional certifications such
as CPA, CMA, or ACCA. |
Experience: | 3-4 years of
experience in management accounting or a related field. |
Behavioral
Competencies: | · Respect & Dignity · Integrity · Operational Excellence · Passion for change · Teamwork |
Technical
Competencies: | Financial Management & Compliance: • Fund Management: Proficiency in managing fund transfers, including ensuring compliance with
Standard Operating Procedures and regulatory requirements. • Payment Processing: Expertise in initiating, verifying, and obtaining approvals for transactions,
ensuring accuracy and compliance with organizational policies. • Tax Reporting: Advanced knowledge of tax laws and regulations, including the preparation and
submission of tax reports, ensuring compliance with statutory requirements. Payroll Management: • Payroll Processing: Proficient in preparing and managing payroll processes, including salary
disbursement, calculation of withholding taxes, and compliance with local
labor laws. • Documentation & Coordination: Strong ability to coordinate with HR and Operations
teams to obtain necessary documentation for payroll processing, ensuring
accuracy and compliance. • Payroll Software: Familiarity with payroll management systems and software, ensuring efficient
and accurate processing of payroll. Financial Reporting & Reconciliation: • Month-End & Year-End Closing: Expertise in performing month-end and year-end
financial closing procedures, ensuring accurate financial reporting and
compliance with organizational standards. • Account Reconciliation: Proficient in reconciling accounts and reviewing
financial statements for accuracy, identifying discrepancies, and ensuring
resolution. • Audit Support: Experience in assisting with financial audits by preparing necessary
documentation and reports, ensuring compliance with audit requirements. Stakeholder Management: • Query Resolution: Ability to efficiently resolve queries related to salaries, rents, and vendor
payments, ensuring stakeholder satisfaction and maintaining positive
relationships. • Communication: Strong communication skills to manage interactions with stakeholders via
calls, emails, and messages, ensuring clear and effective information
exchange. Donor Account Management: • Contribution Analysis: Proficiency in analyzing donor contributions, ensuring
accurate recording and reporting of donor funds in compliance with
organizational policies. • Donor Reporting: Ability to prepare detailed financial reports for donors, ensuring
transparency and compliance with donor agreements. Compliance & Risk Management: · Regulatory
Compliance: Advanced understanding
of financial regulations and standards, ensuring all financial processes
comply with legal and organizational requirements. · Risk
Mitigation: Ability to identify
potential financial risks and implement strategies to mitigate them, ensuring
the financial integrity of the organization. |