JOB DESCRIPTION

FINANCIAL ACCOUNTANT

Position Title: Financial Accountant Reporting To: Financial Controller Location: Dar es Salaam, Tanzania

1.  Job Purpose

To support the Financial Controller in ensuring accurate financial reporting, strong internal controls, compliance with statutory and tax requirements, and efficient management of accounting operations in accordance with IFRS, TFRS, and applicable regulatory frameworks. The role also supports audit processes, working capital management, and continuous improvement of finance policies and procedures.

2.  Key Responsibilities

A. Financial Accounting Functions

• • Ensure timely and accurate preparation of Annual and Interim Financial Statements in compliance with IFRS, TFRS, and regulatory requirements.
  • Maintain accurate recording of financial transactions in appropriate General Ledger (GL) accounts following GAAP, IAS/IFRS, and internal policies.
  • Perform periodic GL reviews, ensuring completeness, accuracy, and proper classification of transactions.
  • Prepare monthly, quarterly, and annual financial reports for management and regulatory
  • Conduct timely reconciliations of General Ledger and Sub-ledgers, including preparation and submission of reconciliations to the Financial Controller for review and approval.
  • Monitor and ensure accuracy and timely posting of financial transactions through collaboration with cross-functional teams.
  • Coordinate financial data and reports from various departments for inclusion in Annual and Semi-Annual Reports.
  • Work closely with the Management Accountant during month-end close processes and annual budget preparation.

 2. Internal Controls

• Support the development, implementation, and monitoring of internal control frameworks across finance processes.
• Ensure compliance with financial policies, procedures, and internal controls across all accounting cycles (Procure-to-Pay, Order-to-Cash, Hire-to-Retire, and Book-to-Report).
• Identify control weaknesses and support remedial actions to enhance financial governance and risk management.
• Participate in periodic internal control reviews and process

C.  Tax Functions

• Review periodic tax returns (VAT, Corporate Tax, Withholding Tax, ) for accuracy and compliance with Tanzanian tax regulations.
• Prepare and maintain tax reconciliations between accounting records and tax
• Prepare management tax reports summarizing tax positions, exposures, and compliance
• Serve as the primary contact person with Tanzania Revenue Authority (TRA) for routine queries and compliance matters.
• Assist the Financial Controller during tax and external audits by providing required documentation, reconciliations, and explanations.

D.  Audit Supervision and Coordination

• Act as the primary liaison with External Auditors, Internal Auditors, and Tax
• Coordinate audit activities, including preparation and submission of audit samples, schedules, and supporting documentation.
• Support audit processes such as inventory stock-taking exercises and transaction
• Ensure timely follow-up and resolution of audit findings, including implementation of corrective actions and closure of audit gaps.
• Coordinate internal audits across key cycles (Procure-to-Pay, Order-to-Cash, Hire-to-Retire, Book-to-Report), acting as a link between auditors and process owners.

E.  Accounts Payable and Accounts Receivable Management

• Oversee Accounts Payable (AP) processes, including invoice processing, supplier reconciliations, and timely payments.
• Oversee Accounts Receivable (AR) processes, including billing, collections, and customer account reconciliations.
• Ensure proper cash flow management and working capital optimization through effective AP/AR controls.
• Monitor ageing reports and implement actions to minimize overdue receivables and outstanding liabilities.

F. Finance Policies and Procedures

• Work closely with the Financial Controller to develop, review, and update finance policies and procedures.
• Ensure alignment of financial policies with company strategy, regulatory requirements, and industry best practices.
• Support implementation of process improvements and automation initiatives within the finance function.

G.  Operational and Strategic Support

• Provide support to the Financial Controller on ad hoc financial analysis, reporting, and operational requirements.
• Assist in special projects including financial modelling inputs, ESG reporting, and regulatory submissions as required.
• Contribute to continuous improvement initiatives aimed at enhancing financial efficiency and reporting quality.

3.  Key Competencies and Skills

• Strong knowledge of IFRS, TFRS, and Tanzanian Tax Laws and Regulations
• Excellent skills in financial reporting, reconciliations, and GL management
• Strong analytical and problem-solving abilities
• High level of attention to detail and accuracy
• Good understanding of internal controls and audit processes
• Effective stakeholder engagement and communication skills
• Proficiency in ERP systems and Microsoft Excel

4.  Academic and Professional Requirements

• Bachelor of Commerce in Accounting, Finance, or related field (MBA is added advantage)
• Professional qualification such as CPA (T), ACCA, or
• Minimum 5 years of relevant experience, preferably in Business

5.  Key Performance Indicators (KPIs)

• Timeliness and accuracy of financial reports
• Quality and completeness of GL reconciliations
• Compliance with statutory and tax requirements
• Audit findings resolution rate
• Efficiency of AP and AR processes
• Effectiveness of internal controls

6.  Additional Notes

• The role requires high integrity, confidentiality, and compliance with ethical
• The Financial Accountant will play a critical role in supporting audit readiness, regulatory compliance, and financial transparency, particularly in a mining environment subject to strict reporting and governance standards.