Accountants are important employees of any organization. They play a crucial role in ensuring efficient financial cash flow within an institution.
The following are common duties and responsibilities of accountants:
- Develop and maintain internal control and effective accounting system and policies for the set up.
- Handle full spectrum of financial and cost accounting role eg. AR, AP, GL, forecasting, budgeting etc
- Responsible for day to day finance and accounts operations
- Perform full set of accounts and ensure timely closing of accounts.
- Perform project cost forecasts/budgets, cost tracking, monitoring and controls.
- Responsible for timely monthly consolidated financial statements, payments and cash-flow management reporting
- Review & approve payment vouchers & journal entries
- Perform cash flow forecasting, budgeting and working closely with the operations and project teams in analyzing margins, variances and cost analysis.
- Issue project cost reports for review and approval
- Develop and maintain internal control and effective accounting system and policies for the set up.
- Support CFO in ensuring that intercompany cost allocations are in line with management agreements and transfer pricing policy
- Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns
- Work consultatively with the respective departments on cost reduction initiatives
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