**Job Description:**
Account Officers in an Electrical Works company are responsible for managing financial transactions, preparing financial reports, and reconciling financial statements. They play a crucial role in ensuring the company's financial health by maintaining accurate records and providing financial insights to management.
**Responsibilities:**
1. **Financial Record Keeping:**
- Maintain accurate and up-to-date financial records for the company.
- Record financial transactions including purchases, sales, receipts, and payments.
- Ensure all financial data is entered into the company's accounting system accurately and timely.
2. **Financial Reporting:**
- Prepare financial statements (e.g., balance sheet, income statement, cash flow statement) on a regular basis.
- Analyze financial statements to identify trends and potential areas for improvement.
- Present financial reports to management and stakeholders as required.
3. **Accounts Receivable and Payable:**
- Manage accounts receivable to ensure timely collection of payments from clients.
- Handle accounts payable to ensure timely payment to suppliers and vendors.
- Reconcile accounts receivable and accounts payable ledgers regularly.
4. **Budgeting and Forecasting:**
- Assist in the preparation of budgets and forecasts based on financial trends and operational requirements.
- Monitor actual financial performance against budget and provide variance analysis.
5. **Financial Compliance:**
- Ensure compliance with financial regulations and standards.
- Prepare documentation for audits and assist auditors in their reviews.
- Implement internal controls to safeguard company assets and ensure integrity of financial data.
6. **Financial Analysis and Advice:**
- Conduct financial analysis to support decision-making by management.
- Provide financial advice to management on cost reduction, revenue enhancement, and other financial matters.
7. **Payroll Administration:**
- Process payroll accurately and on time, ensuring compliance with payroll regulations and company policies.
- Maintain payroll records and resolve any payroll-related issues.
8. **Communication and Coordination:**
- Collaborate with other departments (e.g., procurement, project management) to ensure financial transactions are properly recorded and accounted for.
- Communicate effectively with internal and external stakeholders regarding financial matters.
**Skills and Qualifications:**
- Bachelor's degree in Accounting, Finance, or related field.
- Proven experience as an Account Officer, Accountant, or similar role, preferably in the construction or electrical works industry.
- Proficiency in accounting software (e.g., QuickBooks, SAP) and MS Office, especially Excel.
- Strong analytical skills with attention to detail.
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Knowledge of financial regulations and compliance standards.
