Management Accountant

The Management Accountant role is responsible for managing payments, stakeholder inquiries, payroll processing, financial reporting, and donor accounts for Teach The World Foundation. This position is responsible for ensuring compliance with Standard Operating Procedures in fund transfers, resolving queries related to finances, and preparing accurate payroll. Additionally, this role conducts month-end and year-end financial procedures, including reconciliation, tax reporting, and donor contribution analysis, while coordinating with various departments for seamless operations.

Payment Management:

• Initiate and obtain approval for transactions.
  
• Enter and verify bills according to Standard Operating Procedures, ensuring compliance.
  

Stakeholder Management:

• Resolve queries related to salaries, rents, and vendor payments.
  
• Manage communications via calls, emails, and messages.
  

Payroll Management:

• Prepare monthly payroll including salary disbursement, and recording and calculation of withholding taxes on salaries.
  
• Coordinate with Operations and HR departments and associates to obtain relevant documentation such as joining dates, bank account numbers, and authorization forms.
  
• Obtain payroll approval and process transfers.
  

Financial Reporting:

• Perform month-end closing procedures to ensure accurate financial reporting.
  
• Reconcile accounts and review financial statements for completeness and accuracy.
  
• Prepare and submit required tax reports in compliance with regulatory requirements.
  
• Assist in year-end closing procedures to facilitate financial audits and reporting.
  
  

Knowledge and Experience Requirements

Education:

Bachelor’s or Master’s degree in Finance, Accounting, Economics, or a related field. Professional certifications such as CPA, CMA, or ACCA.

Experience:

3-4 years of experience in management accounting or a related field.

Behavioral Competencies:

·       Respect & Dignity

·       Integrity

·       Operational Excellence

·       Passion for change

·       Teamwork

Technical Competencies:

Financial Management & Compliance:

•         Fund Management: Proficiency in managing fund transfers, including ensuring compliance with Standard Operating Procedures and regulatory requirements.

•         Payment Processing: Expertise in initiating, verifying, and obtaining approvals for transactions, ensuring accuracy and compliance with organizational policies.

•         Tax Reporting: Advanced knowledge of tax laws and regulations, including the preparation and submission of tax reports, ensuring compliance with statutory requirements.

Payroll Management:

•         Payroll Processing: Proficient in preparing and managing payroll processes, including salary disbursement, calculation of withholding taxes, and compliance with local labor laws.

•         Documentation & Coordination: Strong ability to coordinate with HR and Operations teams to obtain necessary documentation for payroll processing, ensuring accuracy and compliance.

•         Payroll Software: Familiarity with payroll management systems and software, ensuring efficient and accurate processing of payroll.

Financial Reporting & Reconciliation:

•         Month-End & Year-End Closing: Expertise in performing month-end and year-end financial closing procedures, ensuring accurate financial reporting and compliance with organizational standards.

•         Account Reconciliation: Proficient in reconciling accounts and reviewing financial statements for accuracy, identifying discrepancies, and ensuring resolution.

•         Audit Support: Experience in assisting with financial audits by preparing necessary documentation and reports, ensuring compliance with audit requirements.

Stakeholder Management:

•         Query Resolution: Ability to efficiently resolve queries related to salaries, rents, and vendor payments, ensuring stakeholder satisfaction and maintaining positive relationships.

•         Communication: Strong communication skills to manage interactions with stakeholders via calls, emails, and messages, ensuring clear and effective information exchange.

Donor Account Management:

•         Contribution Analysis: Proficiency in analyzing donor contributions, ensuring accurate recording and reporting of donor funds in compliance with organizational policies.

•         Donor Reporting: Ability to prepare detailed financial reports for donors, ensuring transparency and compliance with donor agreements.

Compliance & Risk Management:

·       Regulatory Compliance: Advanced understanding of financial regulations and standards, ensuring all financial processes comply with legal and organizational requirements.

·       Risk Mitigation: Ability to identify potential financial risks and implement strategies to mitigate them, ensuring the financial integrity of the organization.