Accounting Specialist
2 months ago
Purpose of the Role
The Accounting Specialist is accountable for the meticulous upkeep of financial documentation within the organization, ensuring precise recording of daily financial activities.
Key Responsibilities
- Examine and validate source documents including invoices, receipts, and electronic records.
- Record and categorize financial transaction details in subsidiary ledgers.
- Transfer data to the general ledger for comprehensive financial tracking.
- Reconcile and balance all financial accounts to ensure accuracy.
- Prepare financial statements including trial balances, income statements, and balance sheets.
- Compile and analyze financial data to produce detailed reports.
- Monitor and maintain inventory records for effective stock management.
- Uphold internal control systems to safeguard financial integrity.
- Oversee accounts payable and receivable processes.
- Facilitate the preparation of checks, payments, and bank deposits.
- Administer payroll processing and ensure timely payments.
- Adhere to relevant reporting standards and regulations.
- Calculate and prepare tax obligations accurately.
- Assist in the preparation of budgets and financial forecasts.
- Support audit processes as required.
- Maintain a comprehensive filing system to support financial documentation.
Qualifications and Skills
- Proficient understanding of bookkeeping methodologies.
- Familiarity with generally accepted accounting principles and practices.
- Awareness of applicable legislation and regulatory standards.
- Competence in relevant software applications.
- Expertise in data management and financial analysis.
- An associate degree in accounting, finance, or business is advantageous.
- Certification in bookkeeping is preferred.
Essential Competencies
- Strong planning and organizational skills.
- Meticulous attention to detail.
- Effective information collection and monitoring abilities.
- Analytical problem-solving skills.
- Excellent communication capabilities.
- Commitment to confidentiality and integrity.
- Familiarity with QuickBooks is beneficial.
- Prior experience in the hospitality sector is a plus.
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