Accountant

House of Shipping provides business consultancy and advisory services for Shipping & Logistics companies. House of Shipping’s commitment to their customers begins with developing an understanding of their business fundamentals.

Currently House of Shipping is looking to identify a high caliber for Accountant with bullion trading company.

Job Purpose

The Accountant is responsible for accurately booking transactions, maintaining accounting records, and ensuring compliance with local and international accounting standards. The role involves collaborating with the finance and trade departments, preparing financial reports, reconciling accounts, and supporting audits and compliance processes.

Main tasks and responsibilities

• Collaborate closely with the business team and Head of Finance to perform all bookkeeping activities.

• Receive and review transaction requests to ensure compliance with accounting and AML standards.

• Analyze provided information and ensure compatibility with local and international accounting standards.

• Register transactions in the accounting software upon approval.

• Maintain and update the accounting coding system as per given instructions.

• Collaborate with the trade department to update customer accounts quarterly.

• Control and register effective commissions based on trade department approvals and customer confirmations.

• Prepare financial reports, including balance sheets, profit/loss statements, and expenditure reports, as instructed by the Head of Finance.

• Calculate and report financial ratios to the Head of Finance on a timely basis.

• Assist internal and external auditors in conducting financial audits.

• Prepare and submit obligatory reports, such as tax and VAT, on designated platforms.

• Send and receive invoices (operative and non-operative) to/from customers and vendors.

• Reconcile daily bank statements and address any discrepancies.

• Update validated account balances on the process management software daily.

• Reconcile accounts with key customers (e.g., Trustees and Suppliers) to ensure accuracy.

• Report accounts payable and receivable promptly.

• Follow up with the operations team to update non-performed or suspended transactions.

• Update financial data, including indicators and ratios, on process management software in a timely manner.

Key Performance Indicators:

• Operating Cash Flow: Maintain optimal cash flow to meet operational needs.

• Fund Balance Management: Ensure timely and accurate management of fund balances.

• Accuracy in Financial Reporting: Submit error-free financial reports within deadlines.

• Compliance Adherence: Ensure 100% compliance with tax, VAT, and accounting regulations.