Babito trading Co Ltd is looking for a qualified and detail-orientated “Accountants & Assistant Accountants to support its operations. Jobboard platform

Responsibilities or duties

• Documenting financial transactions
• Monitoring the efficiency of existing accounting procedures and ensuring they comply with the government regulations
• Reviewing financial documents to resolve any discrepancies and irregularities
• Reconciling already documented reports, statements and various transactions
• Creating, reviewing and presenting budgets
• Recommending financial actions by analysing accounting options
• Cooperating with auditors in preparing audit reports
• Providing guidance on revenue enhancement, cost reduction and profit maximisation
• Preparing and analysing financial statements like cash flow statement, balance sheet and profit and loss statement
• Submitting annual tax returns
• Maintain the General Ledger and oversee daily review of transactions posted in QuickBooks to ensure accuracy, completeness, and authenticity.
• Budgeting, forecasting, and cash flow monitoring, providing input and variance analysis as required.
• Lead, plan, direct, and coordinate the activities of the Accounts team to ensure tasks are completed efficiently and in line with policies and procedures.
• Ensure clear task allocation, adherence to deadlines, and maintenance of high professional standards within the team.
• Review and oversee debtors and creditors accounts, ensuring reconciliations are performed regularly and discrepancies resolved promptly.
• Review and oversee bank and cash reconciliations to ensure sufficient funds are available for daily operations.
• Assist in the review, implementation and enforcement of accounting policies, procedures, and internal controls as established by Management.
• Maintain accurate records of fixed assets and support periodic asset verification exercises.
• Review supplier invoices and LPOs before the payment approval is granted in line with delegated authority limits.
• Monitor accounts payable aging and support timely settlement of supplier obligations.
• Ensure payroll postings and related entries are correctly recorded in QuickBooks.
• Ensure timely payment of statutory obligations including PAYE, SDL, NSSF, VAT, service levies, provisional tax, and other statutory liabilities, for review and approval by the Finance Manager.
• Maintain proper documentation to support statutory filings and inspections.
• Assist in internal, external, and tax audits by preparing schedules, reconciliations, and supporting documentation.
• Assist in the implementation and follow-up of audit recommendations under the guidance of the Finance Manager.
• Assist in ensuring compliance with IFRS, Tanzania tax laws, and internal company policies within the Accounts function.
• Perform any other accounting or finance-related duties as assigned by the Finance Manager in line with the assistant nature of the role.

Qualifications or requirements 

• Bachelor’s degree in Accounting, Finance or related field.
• Knowledge of tax compliance and regulatory frameworks
• Proficiency in Accounting Software’s.

Experience needed

Minimum 1+ years of progressive accounting experience, including team supervision or leadership responsibility.

• Documenting financial transactions
• Monitoring the efficiency of existing accounting procedures and ensuring they comply with the government regulations
• Reviewing financial documents to resolve any discrepancies and irregularities
• Reconciling already documented reports, statements and various transactions
• Creating, reviewing and presenting budgets
• Recommending financial actions by analysing accounting options
• Cooperating with auditors in preparing audit reports
• Providing guidance on revenue enhancement, cost reduction and profit maximisation
• Preparing and analysing financial statements like cash flow statement, balance sheet and profit and loss statement
• Submitting annual tax returns
• Maintain the General Ledger and oversee daily review of transactions posted in QuickBooks to ensure accuracy, completeness, and authenticity.
• Budgeting, forecasting, and cash flow monitoring, providing input and variance analysis as required.
• Lead, plan, direct, and coordinate the activities of the Accounts team to ensure tasks are completed efficiently and in line with policies and procedures.
• Ensure clear task allocation, adherence to deadlines, and maintenance of high professional standards within the team.
• Review and oversee debtors and creditors accounts, ensuring reconciliations are performed regularly and discrepancies resolved promptly.
• Review and oversee bank and cash reconciliations to ensure sufficient funds are available for daily operations.
• Assist in the review, implementation and enforcement of accounting policies, procedures, and internal controls as established by Management.
• Maintain accurate records of fixed assets and support periodic asset verification exercises.
• Review supplier invoices and LPOs before the payment approval is granted in line with delegated authority limits.
• Monitor accounts payable aging and support timely settlement of supplier obligations.
• Ensure payroll postings and related entries are correctly recorded in QuickBooks.
• Ensure timely payment of statutory obligations including PAYE, SDL, NSSF, VAT, service levies, provisional tax, and other statutory liabilities, for review and approval by the Finance Manager.
• Maintain proper documentation to support statutory filings and inspections.
• Assist in internal, external, and tax audits by preparing schedules, reconciliations, and supporting documentation.
• Assist in the implementation and follow-up of audit recommendations under the guidance of the Finance Manager.
• Assist in ensuring compliance with IFRS, Tanzania tax laws, and internal company policies within the Accounts function.
• Perform any other accounting or finance-related duties as assigned by the Finance Manager in line with the assistant nature of the role.

• Proficiency in Accounting Software’s
• Knowledge of tax compliance and regulatory frameworks

• Bachelor’s degree in Accounting, Finance or related field.
• Minimum 1+ years of progressive accounting experience, including team supervision or leadership responsibility.
• Knowledge of tax compliance and regulatory frameworks
• Proficiency in Accounting Software’s.