Junior Accountant
Job description
Roles and responsibilities
- Assist in the preparation of financial statements, reports, and budgets.
- Maintain and update accounting records and files.
- Perform accounts payable and receivable functions.
- Reconcile bank statements and other financial discrepancies.
- Support month-end and year-end close processes.
- Assist in the preparation of tax returns and compliance documents.
- Collaborate with other departments to ensure accurate financial reporting.
- Provide support during audits by preparing necessary documentation.
Required Skills
- Bachelor’s degree in Accounting, Finance, or related field.
- Proficiency in accounting software (e.g., QuickBooks, Sage) and Microsoft Excel.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and accuracy.
- Good organizational and time management abilities.
- Strong communication skills, both written and verbal.
- Ability to work independently and as part of a team.
- Knowledge of GAAP (Generally Accepted Accounting Principles) is a plus.
Desired candidate profile
1. Accounting Knowledge
- Understanding of basic accounting principles (GAAP/IFRS).
- Familiarity with financial statements (balance sheets, income statements, cash flow statements).
- Knowledge of double-entry bookkeeping.
2. Software Proficiency
- Experience with accounting software like QuickBooks, Tally, SAP, or Xero.
- Proficiency in Microsoft Excel (pivot tables, formulas, and charts).
- Basic familiarity with ERP systems.
3. Analytical Skills
- Ability to analyze financial data and identify trends or discrepancies.
- Problem-solving skills to address errors or variances in accounts.
- Preparing accurate and meaningful reports for senior accountants or management.
4. Attention to Detail
- Ensuring accuracy in data entry and financial reports.
- Spotting and correcting errors in records or transactions.
- Managing small details while keeping the bigger picture in mind.
5. Time Management
- Meeting deadlines for financial reports, reconciliations, and audits.
- Prioritizing tasks during busy periods like month-end or year-end closings.
6. Communication Skills
- Preparing clear financial reports and documentation.
- Collaborating with team members, senior accountants, and auditors.
- Explaining financial concepts to non-financial stakeholders.
7. Reconciliation Skills
- Reconciling bank statements, accounts receivable/payable, and ledger balances.
- Identifying and resolving mismatches between records.
8. Knowledge of Taxation
- Basic understanding of tax regulations (e.g., VAT, GST, income tax).
- Assisting in preparing and filing tax returns.
9. Ethical Conduct
- Maintaining confidentiality of financial data.
- Adhering to professional standards and company policies.
10. Willingness to Learn
- Staying updated on new accounting practices and software.
- Seeking mentorship from senior accountants to build expertise.