The Accountant is a critical and trusted member of the Finance Department, responsible for maintaining the integrity, accuracy, and completeness of Lumac Tanzania’s financial records. This role sits at the heart of the company’s operations, ensuring that every financial transaction is correctly recorded, every compliance obligation is met, and management has the reliable financial intelligence it needs to make confident business decisions.

The ideal candidate is not merely a record-keeper; they are a proactive financial steward who brings discipline, initiative, and analytical thinking to every aspect of the role. They thrive in a dynamic, fast-growing business environment and take personal pride in accuracy, timeliness, and professional excellence.

Key Responsibilities and Duties

A. Financial Records & Bookkeeping

• Record, verify, and post all daily financial transactions, including receipts, payments, journals, and adjustments, with accurate account allocation and supporting documentation.
• Maintain a complete, well-organized, and audit-ready filing system for all accounting source documents, including invoices, receipts, bank statements, contracts, and correspondence.
• Ensure all entries are made within the appropriate accounting period to maintain the integrity of monthly financial records and closing procedures.
• Maintain fixed asset registers, depreciation schedules, and inventory ledgers with up-to-date valuations and disposals.
• Review and verify all petty cash transactions and reconcile the petty cash fund regularly.

B. Bank Reconciliation & Cash Management

• Perform timely and thorough monthly bank reconciliations for all company accounts, investigating and resolving all discrepancies promptly.
• Manage and reconcile the company’s cash inventory, ensuring physical cash counts align with records at all times.
• Maintain ongoing correspondence with banking institutions regarding transactions, charges, reversals, and account-related matters.
• Monitor daily cash flow and flag any unusual variances or cash shortfalls to management with recommended corrective actions.
• Ensure proper custody and control of cash, cheques, and payment instruments at all times.

C. Accounts Payable & Receivable

• Monitor, process, and execute timely payments to all creditors, suppliers, and financial institutions in accordance with agreed payment terms and company policy.
• Maintain a complete and current creditor schedule, tracking all outstanding obligations, due dates, and payment history.
• Issue, track, and follow up on all client invoices to ensure timely collection of receivables and minimize outstanding balances.
• Reconcile all accounts payable and accounts receivable ledgers monthly to ensure accuracy against the general ledger.
• Liaise with the Sales and Service departments to ensure all client invoices are correctly generated, accurately reflect sales orders, and comply with tax requirements.
• Prepare and monitor ageing reports for both debtors and creditors, providing management with clear summaries of outstanding balances and recommended actions.

D. Tax Compliance & Regulatory Obligations

• Ensure all financial transactions and invoices comply fully with Tanzanian tax laws, including VAT, withholding tax, corporate income tax, and all applicable statutory levies.
• Prepare and file accurate and timely monthly VAT returns, withholding tax returns, and any other regulatory submissions to the Tanzania Revenue Authority (TRA).
• Cross-check all supplier and client invoices against applicable tax rules, ensuring correct VAT application, proper EFD receipts, and compliant documentation.
• Monitor changes in Tanzanian tax legislation and regulatory requirements, advising management proactively on any compliance implications.
• Liaise with TRA officials and external tax advisors as required, maintaining a professional and compliant relationship at all times.

E. Financial Reporting & Management Accounts

• Prepare accurate, timely, and insightful monthly management accounts, including income statements, balance sheets, cash flow statements, and key variance analyses.
• Prepare quarterly financial reports for management review, providing clear commentary on financial performance, trends, risks, and opportunities.
• Support the Company with ad hoc financial analysis, forecasting, and scenario planning as required.
• Prepare and present a comprehensive Annual Financial Statement in coordination with the external auditor, ensuring all year-end adjustments, accruals, provisions, and disclosures are complete and accurate.
• Maintain a financial reporting calendar, ensuring all deadlines are consistently met without exception.

F. Audit Support & Internal Controls

• Coordinate and support the annual external audit process, preparing schedules, responding to auditor queries, and ensuring all requested documentation is provided promptly and accurately.
• Maintain and strengthen internal financial controls, ensuring separation of duties, authorization hierarchies, and documentation standards are upheld at all times.
• Identify weaknesses or gaps in financial processes and proactively propose and implement improvements.
• Conduct periodic internal spot-checks on cash, inventory, and documentation to ensure compliance with company policies.

G. Payroll & Staff Financial Administration

• Process the monthly payroll accurately and on time, ensuring correct deductions for PAYE, NSSF, HELSB, and any other statutory obligations.
• Maintain confidential and up-to-date payroll records for all employees, including salary schedules, allowance structures, and deduction registers.
• Process and reconcile all staff expense claims, advances, and reimbursements in line with company policy.
• Issue and file individual payslips and ensure all payroll-related statutory payments are remitted on time to the relevant authorities.

H. Accounting Systems & Operational Support

• Operate and maintain the company’s accounting software effectively, ensuring data integrity, regular backups, and accurate system records at all times.
• Develop and maintain well-organized Excel-based financial models, trackers, and reconciliation tools that complement the accounting system.
• Provide financial support and guidance to other departments, including Sales, Operations, and HR, to ensure financially sound decision-making across the business.
• Perform any other accounting, finance, or administrative duties as reasonably assigned by the HR Manager or Managing Director.

Qualifications and Minimum Requirements

Educational Qualifications

• Bachelor’s Degree in Accounting, Finance, Commerce, or a closely related field, from a recognized and accredited university.
• Professional accounting qualification is a strong advantage: CPA (T), ACCA (partly or fully qualified), CMA, or equivalent.
• Additional certifications in financial management, tax compliance, or ERP systems are highly regarded.

Experience Requirements

• Minimum 2 years of demonstrated, hands-on accounting experience in a structured business environment.
• Experience in a trading, manufacturing, construction, or import/export business is a significant advantage, given Lumac’s product importation and sales model.
• Prior experience with external audits, tax compliance, and statutory reporting in Tanzania is strongly preferred.
• Exposure to payroll processing and multi-currency accounting is an asset.

Technical Skills Required

• Strong command of accounting software: QuickBooks, Sage, Tally, or equivalent (QuickBooks is preferred).
• Advanced proficiency in Microsoft Excel: including pivot tables, VLOOKUP/XLOOKUP, conditional formatting, and financial modelling.
• Solid knowledge of Tanzanian tax regulations: VAT, PAYE, NSSF, WHT, corporate income tax, and TRA EFD requirements.
• Thorough understanding of Generally Accepted Accounting Principles (GAAP) and financial reporting standards.
• Working knowledge of bank reconciliation procedures, cash flow management, and accounts payable/receivable cycles.
• Ability to design and maintain clear, professional financial reports suitable for management decision-making.

• Record, verify, and post all daily financial transactions, including receipts, payments, journals, and adjustments, with accurate account allocation and supporting documentation.
• Maintain a complete, well-organized, and audit-ready filing system for all accounting source documents, including invoices, receipts, bank statements, contracts, and correspondence.
• Ensure all entries are made within the appropriate accounting period to maintain the integrity of monthly financial records and closing procedures.
• Maintain fixed asset registers, depreciation schedules, and inventory ledgers with up-to-date valuations and disposals.
• Review and verify all petty cash transactions and reconcile the petty cash fund regularly.
• Perform timely and thorough monthly bank reconciliations for all company accounts, investigating and resolving all discrepancies promptly.
• Manage and reconcile the company’s cash inventory, ensuring physical cash counts align with records at all times.
• Maintain ongoing correspondence with banking institutions regarding transactions, charges, reversals, and account-related matters.
• Monitor daily cash flow and flag any unusual variances or cash shortfalls to management with recommended corrective actions.
• Ensure proper custody and control of cash, cheques, and payment instruments at all times.
• Monitor, process, and execute timely payments to all creditors, suppliers, and financial institutions in accordance with agreed payment terms and company policy.
• Maintain a complete and current creditor schedule, tracking all outstanding obligations, due dates, and payment history.
• Issue, track, and follow up on all client invoices to ensure timely collection of receivables and minimize outstanding balances.
• Reconcile all accounts payable and accounts receivable ledgers monthly to ensure accuracy against the general ledger.
• Liaise with the Sales and Service departments to ensure all client invoices are correctly generated, accurately reflect sales orders, and comply with tax requirements.
• Prepare and monitor ageing reports for both debtors and creditors, providing management with clear summaries of outstanding balances and recommended actions.
• Ensure all financial transactions and invoices comply fully with Tanzanian tax laws, including VAT, withholding tax, corporate income tax, and all applicable statutory levies.
• Prepare and file accurate and timely monthly VAT returns, withholding tax returns, and any other regulatory submissions to the Tanzania Revenue Authority (TRA).
• Cross-check all supplier and client invoices against applicable tax rules, ensuring correct VAT application, proper EFD receipts, and compliant documentation.
• Monitor changes in Tanzanian tax legislation and regulatory requirements, advising management proactively on any compliance implications.
• Liaise with TRA officials and external tax advisors as required, maintaining a professional and compliant relationship at all times.
• Prepare accurate, timely, and insightful monthly management accounts, including income statements, balance sheets, cash flow statements, and key variance analyses.
• Prepare quarterly financial reports for management review, providing clear commentary on financial performance, trends, risks, and opportunities.
• Support the Company with ad hoc financial analysis, forecasting, and scenario planning as required.
• Prepare and present a comprehensive Annual Financial Statement in coordination with the external auditor, ensuring all year-end adjustments, accruals, provisions, and disclosures are complete and accurate.
• Maintain a financial reporting calendar, ensuring all deadlines are consistently met without exception.
• Coordinate and support the annual external audit process, preparing schedules, responding to auditor queries, and ensuring all requested documentation is provided promptly and accurately.
• Maintain and strengthen internal financial controls, ensuring separation of duties, authorization hierarchies, and documentation standards are upheld at all times.
• Identify weaknesses or gaps in financial processes and proactively propose and implement improvements.
• Conduct periodic internal spot-checks on cash, inventory, and documentation to ensure compliance with company policies.
• Process the monthly payroll accurately and on time, ensuring correct deductions for PAYE, NSSF, HELSB, and any other statutory obligations.
• Maintain confidential and up-to-date payroll records for all employees, including salary schedules, allowance structures, and deduction registers.
• Process and reconcile all staff expense claims, advances, and reimbursements in line with company policy.
• Issue and file individual payslips and ensure all payroll-related statutory payments are remitted on time to the relevant authorities.
• Operate and maintain the company’s accounting software effectively, ensuring data integrity, regular backups, and accurate system records at all times.
• Develop and maintain well-organized Excel-based financial models, trackers, and reconciliation tools that complement the accounting system.
• Provide financial support and guidance to other departments, including Sales, Operations, and HR, to ensure financially sound decision-making across the business.
• Perform any other accounting, finance, or administrative duties as reasonably assigned by the HR Manager or Managing Director.

• Bachelor’s Degree in Accou