Overview
Job Title: Payable Accountant
Job location: Dar es Salaam
Old Mutual
Together, let’s write the story of Africa!
Old Mutual has a strong belief in the potential of Africa, and our wide range of talent shows this.
About us:
Old Mutual is a leading provider of financial services in Africa, serving both corporate and retail clients in 14 countries, providing a wide range of financial products across important market categories. Life and savings, property and casualty, asset management, banking, and lending are among the business segments.
Our core values are centered around our mission to “champion mutually positive futures every day,” and we think that excellent customer service starts with excellent employee experience.
Job Summary:
- To provide expert support for the company’s accounting function in order to guarantee that it fulfills its financial commitments.
- Prompt processing of payments and invoices in accordance with established TATs and payment processing protocols.
- To guarantee that, while making payments, all relevant taxes are accurately recorded. This will cover value added tax (VAT) and withholding tax (WHT), among other things.
- Appropriate document management both during and after payment processing. Confidentiality, referencing, filling, and archiving are all included in this.
- To support monthly bank reconciliations in order to guarantee prompt bank reconciliation closure.
- Reconciliations of all control and suspense accounts on a monthly basis.
- Examine and balance every account related to advances, accruals, and prepayments. The computation of accruals, retirement of advances, and amortization of prepayments will all be reviewed.
- To oversee and foster a good working connection with all parties involved, such as vendors, clients, authorities, employees, and management. Managing and ensuring prompt communications and interactions with the stakeholders is part of this.
- To agree with suppliers and create monthly supplier reconciled statements.
- To confirm that the system has posted all month-end journals.
- To control payment risk and guarantee adherence to all external and internal legal requirements as well as financial rules.
- To compile and submit reports on a regular basis to the chief accountant and other internal and external stakeholders.
- To participate in and support any pertinent audits, both internal and external posting all other journals in accordance with the Chief Accountant’s instructions.
- Any additional responsibilities that the finance manager or chief accountant may impose.
Proficiency / Skills:
Accounting, payment handling, personnel management, monthly reconciliations, invoices, prepayment, and tax withholding.
Education:
Date of Closure: August 30, 2024
