Senior Accountant

at Meti Trading PLC
Location Addis Ababa, Ethiopia
Date Posted January 2, 2023
Currency ETB


METI Trading Plc is looking for a Senior Accountant who is confident, dynamic, innovative, and forward-thinking approach to their work. Therefore, we would like to invite qualified applicants as per the detailed job description stated in the following vacant position. Only qualified candidates will be communicated.

Job Summary

Under the general supervision of the respective Finance Manager, Senior Accountant is able to monitor, process and execute all necessary daily, monthly and annual financial transactions and accounting tasks as per detailed tasks schedule below; S(he) is capable to follow and check on bank transaction, payment transfer, receivable and payable; issuing VAT invoice; and input data into accounting software; Make recondition account balances and bank statements, maintain general ledger and prepare month-end close procedures; Verify, allocate, post and reconcile for all accounts payable and receivable ledgers with its subsidiary ledgers; Analysis, reconciliation of general ledger accounts; record journal entries and other tasks on a monthly basis for multiple entities; Support to perform controlling and verifying activities for financial transactions; Assists immediate supervisor with financial statement reporting, cost report preparation, financial analysis, budget preparation and implementation, and financial statement audit preparation as assigned; Work closely with operations and other business office staff on a daily basis; Assist in order to Produce error-free accounting reports and present to immediate supervisor or Finance manager and so on.

Details Job Description

These are the core activities and obligations of Senior Accountant which are not limited to the following;

Maintaining Account Records;

  • Record all expenditure and income activities on a regular and special basis in a computer system (Peachtree accounting system);
  • Accurately enter various Receipts (CRV, Postdated checks, and WHT) into Peachtree System & Excel follow up sheet;

Controlling and Document Checking for Coding

  • Check that the requests made for procurement and other operations are properly completed, that they are approved by the appropriate authority, and that they have the correct receipt before maintaining their records;
  • Ensure that copies of contracts are accompanied by cost information for any contractual purchase (procurement) or any other work to be paid under contract/for by the contract agreement;
  • Maintain financial recording and reporting for assigned accounts;

Sales Management:

  • Monthly reconcile the Sales as per ledger with the Z-Report summery which has been reported to the tax office;

Stock Control and Management:

  • Monitor stocks incomings of both Pharmaceutical & Non Pharmaceutical Item to all company's  warehouses from incoming shipments, and process the Process Goods Receiving Notes (GRN) by communicating with the store keepers to reconcile the quantity received and enter data into Peachtree;
  • Monitor and reconcile pharmaceuticals company's stocks counts in all warehouses with stock keeper(s) on weekly and monthly basis;
  • Efficiently filing and safely securing all original Good Receipt Notes and the original Good Receiving Notes pads;

Payments Management:

  • Preparing employees’ payroll, and handling pension funds and other deductions;
  • Prepare cost build up Summery sheet for all the imported goods and close to the stock account;
  •  Efficiently filing and safely securing the originals of all import original shipments files (classers) and their related documents, receipts, and banks' advices;
  • Monitor and making sure to receive all supporting documents and complete clearance of all issued payments (receipts, invoices, agreements, advices, etc.);
  • Record, schedule, follow-up, and timely process all company's monthly, periodically, and annual due payments;
  • Efficiently filing and safely securing the originals of all payments vouchers, payments vouchers pads, all payments original supporting documents, AND all import original shipments files (classers) and their related documents, receipts, and banks' advices;

Banks Relations:

  • Record daily bank and receivables transactions;
  • Making sure to receive original monthly banks statements from all banks, reconciling it with the book, and efficiently filing and safely securing the same;
  • Preparation of bank reconciliations on receipt of the bank statements, ensuring that all direct debits are recorded and/or investigated with the bank and should be resolved by the following month;
  • Making sure to receive original banks deduction and credit advices, shipments banks' permits and related advices/letters; and efficiently filing and safely securing the same;
  • Handle carefully bank statements and documents;

Cost Determination and Tax Reporting

  • Actively participating and contributing in all required cost reporting and tax filings;
  • Accomplish tax return process and claiming as per requirement of Tax Authority;

Account Closing, Adjusting and Reconciliation Duties

  • Perform general ledger month-end closing and reconciliation of journal entries;
  • Monthly financial statement close work completed in accordance with closing schedule;
  • Take the lead in coordination of accounts payable month closing process;
  • Support month-end and year-end close process;
  • Account analysis and reconciliation on all balance sheets accounts for all entities;
  • Maintaining and reconciling general ledger accounts;
  • Prepares and posts adjusting journal entries.
  • Identify and reconcile any financial discrepancies;

Preparing Financial Statement

  • Assist in perform monthly balance sheet, income statement and changes in financial position/budget variance analysis;
  • Assist in preparation of financial statement and disclosure schedules;

Activity participation

  • Communicate with vendors and clients concerning billing and transactions;
  • Analyze financial information and summarize financial status;
  • Spot errors and suggest ways to improve efficiency and spending;
  • Develop and document business processes and accounting policies to maintain and strengthen internal controls;
  • Check the reconciled petty cash documents; its counts and give directions for replenishment;
  • Liaise with our assistant Financial Manager and Accountant to improve financial procedures;
  • Whenever necessary and required/requested, assist the financial manager and other colleagues in the same department of all and any other financial matters and processing of any other un-indicated financial transactions.
  • Generate ideas to improve the organization's accounting system and contribute to updating its operations;
  • Performing other accounting duties and supporting junior staff as required or assigned.
Number required: 1 (one)
Sex: Both sex

Job Requirements

Required Educational Qualifications, Professional Experience and Competency
  • B.A. Degree from recognized university in Accounting and Finance; or M.B.A. degree in Accounting and Finance from recognized University, or other related educational fields/discipline.
  •  Minimum three (2) years for M.B.A degree or Minimum 3-year work experience for B.A degree and with one-year relevance experience in senior position;
Skills and Behaviors
  • Good understanding of trends, challenges, opportunities, regulations and legislations relating to Import and Export (Trading), Manufacturing industry, Real state and any other company project tasks;
  • Basic knowledge of best practices in accounting and financial regulations and other account software;
  • Advanced finance and accounting knowledge, including experience with International Financial Reporting Standards (IFRS);
  • Strong communication and networking skills;
  • Good presentation, analytical and problem solving skills;
  • Ability to manage multiple priorities;
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