Junior Accountant

Key Responsibility Areas (KRAs) for Junior Accountant

Reporting to:
Head Accountant

Overall Objective:
Support daily accounting operations, ensure accurate record-keeping, and assist in financial reporting and compliance activities.
1.  Account Reconciliations

· Perform regular reconciliations of various accounts (Bank, Credit Card, Buyer & supplier statements)

· Investigate and resolve any discrepancies found during reconciliations

· Maintain accurate records of all reconciliation activities
2.  Voucher and Transaction Entry

· Process and enter financial transactions accurately and timely into the accounting system

· Ensure proper accounting entries of all transactions according to the chart of accounts

· Maintain supporting documentation for all entries
3.  Accounts Payable Management

· Process vendor invoices and ensure timely payment of bills

· Maintain accurate vendor records and manage vendor inquiries

· Assist in preparing accounts payable reports
4.  Accounts Receivable Support

· Assist in generating customer invoices accurately and timely

· Support collection efforts by providing necessary documentation

· Help maintain customer account records
5.  Cash Management

· Handle and record cash transactions accurately

· Prepare daily cash reports and assist in cash flow monitoring

· Ensure proper controls and security measures for cash handling
6.  Financial Reporting Assistance

· Assist the Head Accountant in preparing financial reports

· Gather and compile financial data for various reports

· Help in maintaining schedules and working papers for financial statements
7.  Compliance Support

· Assist in gathering information for tax returns and other statutory filings

· Help maintain records necessary for audits and compliance checks

· Stay informed about basic accounting regulations and standards
8.  General Ledger Maintenance

· Assist in maintaining the general ledger

· Help in month-end and year-end closing processes

· Support in reconciling general ledger accounts
9.  Document Management

· Maintain organized files of all financial documents, both physical and digital

· Ensure easy retrieval of financial information when needed

· Assist in implementing and maintaining document retention policies
10.  System and Process Support

· Use accounting software efficiently for daily tasks

· Suggest improvements for accounting processes when identified

· Assist in data entry and maintenance of financial databases
11.  Administrative Support

· Provide general administrative support to the finance department

· Assist in preparing correspondence related to financial matters

· Help coordinate meetings and maintain department calendars as needed