Senior Accountant

Job Type: Onsite - Full Time
Education: Bachelor’s Degree
Experience: Senior
Vacancies: 1
Skills: Accountability, Team Building

Position: Senior Accountant

Dil Saving and Credit Cooperative Society is a growing financial cooperative committed to improving members’ livelihoods through innovative, accessible, and sustainable financial services.

As part of our continued growth and institutional strengthening, we are seeking a highly competent, experienced, and detail-oriented Senior Accountant to join our finance team.

1. Key Duties and Responsibilities

A. Accounting and Financial Reporting

• Manage and supervise daily accounting transactions and financial records.

• Prepare monthly, quarterly, and annual financial statements.

• Maintain accurate general ledger accounts and supporting documentation.

• Prepare balance sheets, income statements, and cash flow reports.

• Ensure timely reconciliation of bank accounts, cash balances, and general ledger accounts.

• Review accounting entries and verify the accuracy of financial transactions.

B. SACCO Financial Operations

• Reconcile members’ savings, share capital, and loan accounts with the general ledger.

• Verify loan disbursements, repayments, interest income, and related accounting entries.

• Monitor interest expenses on members’ savings and other financial obligations.

• Support accurate accounting for loan provisions and outstanding loan balances.

• Ensure consistency between the core banking system and accounting records.

C. Budgeting and Financial Control

• Assist in preparing annual budgets and financial forecasts.

• Monitor actual income and expenditure against approved budgets.

• Prepare monthly budget variance analysis reports.

• Identify unnecessary expenses and recommend cost-control measures.

• Support effective cash flow management and financial planning.

D. Taxation and Regulatory Compliance

• Ensure compliance with applicable Ethiopian tax laws and accounting standards.

• Prepare and submit applicable tax declarations and statutory financial reports.

• Maintain accurate payroll accounting and statutory deduction records.

• Support compliance with cooperative financial regulations and internal financial policies.

E. Audit and Internal Control

• Prepare financial records and supporting documents for internal and external audits.

• Identify accounting discrepancies and recommend corrective actions.

• Strengthen financial controls and accounting procedures.

• Ensure proper documentation and authorization of financial transactions.

F. Team Supervision

• Review the work of junior accountants and accounting assistants.

• Provide technical guidance to accounting staff.

• Ensure timely completion of monthly financial closing and reporting activities.

2. Educational Qualifications

• Bachelor’s Degree in Accounting, Accounting and Finance, or a closely related field from a recognized university.

• Master’s Degree in Accounting or Finance is an added advantage.

• ACCA, CPA, or other relevant professional accounting certification is an advantage.

3. Work Experience

• Minimum 5 years of relevant accounting experience, including at least 2 years in a senior accounting position.

• Experience in SACCOs, microfinance institutions, banks, or other financial institutions is highly preferred.

• Demonstrated experience in financial reporting, taxation, budgeting, and bank reconciliation.

4. Required Skills and Competencies

• Strong knowledge of accounting principles, IFRS, and Ethiopian tax regulations.

• Excellent proficiency in Peachtree or other accounting software.

• Advanced Microsoft Excel skills.

• Experience working with computerized financial management systems.

• Strong analytical and problem-solving abilities.

• Excellent organizational and time-management skills.

• Ability to prepare accurate financial reports independently.

• High level of professional integrity, accountability, and confidentiality.

• Ability to work under pressure and meet reporting deadlines.