The Junior Accountant will assist in managing daily accounting operations and provide financial support specifically for factory operations. This role requires attention to detail and accuracy in managing financial records, assisting in cost management, and supporting the factory's financial health by ensuring timely reporting and compliance with company policies.
Key Responsibilities:
Accounts Payable & Receivable:
Process invoices, expense reports, and supplier payments.
Record daily transactions and monitor accounts payable/receivable.
Reconcile accounts with vendors and customers regularly.
Inventory & Cost Accounting:
Monitor and update inventory records, tracking raw materials, work-in-progress, and finished goods.
Assist in cost analysis by tracking and reporting production costs and variances.
Collaborate with the production team to ensure accurate stock levels and cost allocation.
Bank Reconciliations:
Conduct regular bank reconciliations to verify transactions.
Assist in preparing and maintaining cash flow statements.
General Ledger Maintenance:
Assist with the month-end closing by preparing journal entries, reconciliations, and supporting schedules.
Ensure that all ledger entries are accurate and reflect the financial position of factory operations.
Expense Tracking & Budgeting:
Track factory-related expenses, including utilities, maintenance, and supplies.
Assist in preparing budget forecasts and variance reports for factory expenses.
Compliance & Reporting:
Ensure compliance with local accounting regulations and tax laws.
Support the Finance Manager in preparing financial reports, balance sheets, income statements, and other reports as required.
Audits and Internal Controls:
Assist in internal and external audits by preparing necessary documentation and responding to audit queries.
Help establish and maintain internal controls within factory operations.
Documentation & Record Keeping:
Maintain organized financial records and ensure all document