The client, a retail chain outlet, is seeking a Junior Accountant responsible for managing the financial aspects of the retail outlet. This includes daily cash reconciliation, inventory cost analysis, payroll processing, and ensuring tax compliance.
Core Duties and Responsibilities
- Maintain and reconcile the general ledger accounts and bank statements.
- Prepare and file tax returns and ensure compliance with local, state, and federal regulations.
- Assist in the development of information for budgets and forecasts, providing variance analysis as required.
- Manage daily transactions, including invoices and payments and reconciliation of daily store transactions, including effective and efficient bank alignment to sales reported on a daily basis.
- Reconcile POS (Point of Sale) reports with actual cash, credit card receipts, and mobile payment.
- Prepare and monitor daily bank deposits and ensure they match recorded sales.
- Oversee the petty cash fund for minor store expenses and emergency supplies.
- Collaborate with floor managers to conduct regular stock-takes and reconcile physical stock with system records.
- Identify and report discrepancies in inventory and suggest ways to reduce loss.
- Manage Accounts Payable by verifying supplier invoices against "Goods Received Notes" before processing payments.
- Prepare Monthly Profit & Loss (P&L) statements, balance sheets, and cash flow reports.
- Calculate and file VAT, sales tax, and payroll taxes (PAYE) and other statutory obligations.
- Assist in creating annual budgets and monthly forecasts for store operations.
- Calculate wages, overtime, and commissions for floor staff and cashiers.
- Coordinate with internal or external auditors during annual financial reviews.
- Any other duties as assigned.
Job Specifications and Qualifications
- CPA Foundation/CPA 1.
- At least 2 relevant years’ experience in a retail chain.
- Proficient in using financial software and tools.
Key Competencies
- Strong analytical and statistical skills.
- High Integrity.
- Strong analytical and problem-solving abilities.
- Excellent organizational and time management skills.
- Excellent attention to detail and accuracy in financial reporting.
- Adaptability and flexibility in a fast-paced environment.
