Accounts Assistant – Umodzi Microfinance Limited

Job Description

Umodzi Microfinance Ltd exists to serve and empower people to build brighter futures together. Umodzi means “oneness” in one of our local languages. We are in this together, and together, we can learn, grow, and transform lives. We serve our shareholders, our board, our team, and most importantly, our clients. We believe in service one step beyond.

We will transform the Microfinance industry by pursuing excellence in all we do. Transformation isn’t easy; but we are committed to excellence by going to client’s homes when they need extra help, creating new products with the latest software to meet our client’s needs, and building an ambitious culture of consistency and positivity.

Overall Job purpose

As part of a dynamic team, the Accounts Assistant will be playing an important role in supporting the department to carry out its functions in a timely and professional manner. The role is based at the company Head Office and will assist the Accounts Manager and is expected to display a high level of integrity, maturity and professionalism.

The ideal candidate for this position will have a minimum of 2 years of experience in accounting and finance. The candidate should also have a bachelor’s degree in either Accounting, Finance or Economics or CPA Section IV or ACCA equivalent.

Day-to-Day Duties and Responsibilities

• Entering financial transactions into the system.
• Processing expense requests for approval.
• Processing transactions, updating ledgers, and ensuring proper
  documentation.
• Provide support and guide to branch staff in their roles like posting
  payments, posting in the accounting system.
• Submitting payments on a timely basis after signatory approval.
• Petty cash management.
• Performing daily bank reconciliations.
• Ensuring general ledger reconciliations are completed weekly.
• Following up on outstanding items on reconciliations with relevant
  teams.
• Monitoring and ensuring that deposits are processed in the ledger.
• Transferring funds to branches based on approved requisitions.
• Initiating the opening/closing of bank accounts for the field and
  ensuring correct signatories.
• Ensuring payments, amounts, and records are accurate.
• Ensuring that all payments are filed appropriately.
• Ensuring proper filing of all journals posted monthly.
• Updating and maintaining procedural documentation.
• Assisting with audits, fact-checking, and resolving discrepancies.
• Fully accountable for accurate tax computation, and timely tax
  filing/payment of statutory to ensure compliance (PAYE,NAPSA & NHIMA)
• Carry out month-close processes i.e provisions, expenses
• Prepare and maintain fixed asset register, schedule and functions all
  around PPE
• Maintaining confidentiality of financial information.
• Must be willing to travel to different branches as needed
• Any other duties assigned by the Accounts Manager

Skills/Qualifications

●      Bachelor’s degree in either Accounting, Finance or Economics

OR

●      CPA section IV (Part 2 completed) or ACCA equivalent.

●      At least 2 years of working experience in busy accounting and finance roles. Experience in microfinance/banking/insurance/consultancy/audit sector preferred

●      Demonstrate teamwork with workmates at all levels

●      Effective communication skills, both verbal and written.

●      Open to impactful change and a creative thinker.

●      Experience with different accounting software. Hands-on experience in

banking systems will be an added advantage.