Accountant – Financial Reporting job at Jitegemee Holdings Company Limited

Vacancy title:
Accountant – Financial Reporting

[ Type: FULL TIME , Industry: Business Management and Administration , Category: Accounting & Finance ]

Jobs at:

Jitegemee Holdings Company Limited

Deadline of this Job:
Monday, March 11 2024 

Duty Station:
Within Tanzania , Dar es Salaam, East Africa

Date Posted: Wednesday, March 06 2024, Base Salary: Not Disclosed

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Learn more about Jitegemee Holdings Company Limited
Jitegemee Holdings Company Limited jobs in Tanzania

Jitegemee Holdings Company Limited (JHCL), our esteemed client, stands as a prominent full-service mining entity with an ambitious vision to emerge as the most trusted mining corporation in Tanzania and the broader region. Committed to responsible operations and a dedication to sustainable development, JHCL is strategically positioned to achieve its visionary goals. The company’s operational hub is situated in Mbinga District-Ruvuma, complemented by its central administration located in Dar es Salaam.

The Opportunity
In its pursuit of excellence, JHCL is actively seeking dynamic, experienced, and qualified Tanzanian professionals with a proven track record to join its ranks. The available positions include Mine Engineer, Investment Analyst, Accountant (Financial Reporting), Human Resources Officer, Information and Communication Technology Officer, Assistant Geologist, and Pit Supervisor.

JHCL extends an invitation to all interested and eligible individuals to apply for these opportunities, which promise a platform for personal and professional growth. We are in search of highly motivated and result-driven professionals who possess the requisite skills to contribute to the continued success of JHCL. Successful candidates will be integral in upholding the company’s values of integrity, effective communication, and exemplary service delivery to diverse stakeholders.

Job Details:
Accountant – Financial Reporting (JHCL/AR/03/24)
Duty Station: Head Office- Dar es Salaam
Reports to: Finance Manager
• Assistant Accountant- Payable
• Assistant Accountant- Receivable
• Assistant Accountant- Projects

Job Summary:
Accountant (Financial Reporting) is responsible for managing financial reporting processes, ensuring compliance with industry regulations, and providing accurate financial information to support decision making within the organisation.

Key Responsibilities:
Financial Reporting
• Consolidate financial data from across the organisation businesses and prepare a trial balance on financial transactions.
• Prepare monthly financial management account report on organisation financial position for management review.
• Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow statements, specific to organisation operations.
• Implement and maintain accounting systems and processes that comply with industry standards and regulations.

• Ensure compliance with regulatory requirements specific to the mining industry, including tax regulations, royalty payments, and financial disclosure standards.
• Stay updated with changes in accounting and reporting standards relevant to the sector and advise the immediate supervisor in scenario of any changes.

Financial Analysis
• Analyse financial data to identify trends, discrepancies, and opportunities for cost savings or revenue generation.
• Provide financial insights to support strategic decision-making, such as investment in new projects or expansion initiatives.

Cost Analysis
• Conduct regular cost variance analysis and provide recommendations for cost control.
• Analyse mining costs, including exploration, extraction, and processing costs, to optimize operational efficiency.
• Work closely with operational teams to identify cost-saving opportunities and monitor cost control measures.

Audit and Internal Controls
• Develop and maintain internal controls to ensure the accuracy and integrity of financial data.
• Coordinate and liaise with external auditors during annual audits for a smooth execution of the audit plan.
• Address audit findings and implement recommendations for process improvements.

Financial Planning and Budgeting
• Assist in the development of annual budgets and long-term financial plans.
• Monitor budgetary performance and provide variance analysis reports to management.
• Collaborate with department heads to align financial plans with operational goals.

Asset Management
• Review capital expenditure purchase and ensure accurate upload of all fixed assets in the fixed asset register.
• Ensure all new assets have been properly labelled in the fixed asset register and have been assigned tag number for a specific asset.
• Carry out periodic reconciliation and coordinate physical verification of fixed assets.
• Ensure proper location and existence of fixed assets by conducting periodic asset verification.
• Generate monthly report on depreciation and amortization of fixed asset and ensure have been posted in the respective general ledgers.
• Assess and accounting for impairment and conducting periodic assessment review and advise on disposal of fixed asset based on the assessment.

Account Reconciliation
• Generate month end general ledger reconciliation as well as Bank reconciliation.
• Investigate and resolve discrepancies relating to financial transaction in a timely manner.

Data Management
• Maintain accurate and organized financial records, ensuring data integrity and accessibility.
• Utilize financial software and tools to streamline reporting processes and improve efficiency.
• Perform any other duties as may be assigned by the Immediate Supervisor from time to time.

Key Qualifications:
Academic and Experience Qualifications
• Bachelor’s degree in accounting, finance, or related field
• Professional certification in the field of accounting such as CPA (Certified Public Accountant) or CMA (Certified Management Accountant) is mandatory.
• A minimum of 3 years previous experience in financial reporting, preferably within the mining industry or related sector

Technical Competencies
• Knowledge and application of Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS)
• Proficiency in financial analysis techniques to interpret data, identify trends, and provide insights into financial performance.
• Familiarity with accounting software systems used for financial reporting.
• Knowledge of industry-specific regulations, tax laws, and reporting requirements
• Demonstrated ability to design and implement controls to safeguard financial data and ensure accuracy.
• Familiarity with auditing processes and compliance requirements
• Ability to create financial models to forecast future financial performance.

Behavioural Competencies
• Excellent analytical skills and problem-solving skills.
• Good communication and interpersonal abilities.
• Strong supervisory and team management skills
• Capacity to enforce compliance with standards.
• Demonstrated high level of integrity and confidentiality.

Work Hours: 8

Experience in Months: 36

Level of Education:
Bachelor Degree

Job application procedure
If you believe you are the right candidate for any of the above positions, please submit your application with a detailed CV, photocopies of academic certificates, names of three referees with their contacts. In addition, please quote the job reference number on the subject of your email. Applications should be submitted to not later than 11 March 2024 at 05:00pm.

Detailed job descriptions for each of the advertised positions can be accessed through JHCL website using the following link: 

JHCL is an equal opportunity employer

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Job Info
Job Category: Accounting/ Finance jobs in Tanzania
Job Type: Full-time
Deadline of this Job: Monday, March 11 2024
Duty Station: Dar es Salaam
Posted: 06-03-2024
No of Jobs: 1
Start Publishing: 06-03-2024
Stop Publishing (Put date of 2030): 06-03-2077
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