Accountant – Financial Reporting at Jitegemee Holdings

Accountant – Financial Reporting at Jitegemee Holdings

About The Organisation 

Jitegemee Holdings Company Limited (JHCL), our esteemed client, stands as a prominent full-service  mining entity with an ambitious vision to emerge as the most trusted mining corporation in Tanzania and  the broader region. Committed to responsible operations and a dedication to sustainable development,  JHCL is strategically positioned to achieve its visionary goals. The company’s operational hub is  situated in Mbinga District-Ruvuma, complemented by its central administration located in Dar es  Salaam. 

The Opportunity 

In its pursuit of excellence, JHCL is actively seeking dynamic, experienced, and qualified Tanzanian  professionals with a proven track record to join its ranks. The available positions include Mine Engineer,  Investment Analyst, Accountant (Financial Reporting), Human Resources Officer, Information and  Communication Technology Officer, Assistant Geologist, and Pit Supervisor. 

JHCL extends an invitation to all interested and eligible individuals to apply for these opportunities,  which promise a platform for personal and professional growth. We are in search of highly motivated  and result-driven professionals who possess the requisite skills to contribute to the continued success  of JHCL. Successful candidates will be integral in upholding the company’s values of integrity, effective  communication, and exemplary service delivery to diverse stakeholders. 

Job Details: 

Accountant – Financial Reporting ( JHCL/AR/03/24) 

Duty Station: Head Office- Dar es Salaam 

Reports to: Finance Manager 

Supervision 

• Assistant Accountant- Payable 
• Assistant Accountant- Receivable 
• Assistant Accountant- Projects 

Job Summary:  

Accountant( Financial Reporting) is responsible for managing financial reporting processes, ensuring  compliance with industry regulations, and providing accurate financial information to support decision making within the organisation. 

Key Responsibilities: 

Financial Reporting 

• Consolidate financial data from across the organisation businesses and prepare a trial balance on  financial transactions. 
• Prepare monthly financial management account report on organisation financial position for  management review. 
• Prepare accurate and timely financial statements, including balance sheets, income statements,  and cash flow statements, specific to organisation operations. 
• Implement and maintain accounting systems and processes that comply with industry standards  and regulations. 

Compliance 

• Ensure compliance with regulatory requirements specific to the mining industry, including tax  regulations, royalty payments, and financial disclosure standards. 
• Stay updated with changes in accounting and reporting standards relevant to the sector and advise  the immediate supervisor in scenario of any changes.

Financial Analysis 

• Analyse financial data to identify trends, discrepancies, and opportunities for cost savings or  revenue generation. 
• Provide financial insights to support strategic decision-making, such as investment in new projects  or expansion initiatives. 

Cost Analysis 

• Conduct regular cost variance analysis and provide recommendations for cost control. • Analyse mining costs, including exploration, extraction, and processing costs, to optimize  operational efficiency. 
• Work closely with operational teams to identify cost-saving opportunities and monitor cost control  measures. 

Audit and Internal Controls 

• Develop and maintain internal controls to ensure the accuracy and integrity of financial data. • Coordinate and liaise with external auditors during annual audits for a smooth execution of the audit  plan. 
• Address audit findings and implement recommendations for process improvements. 

Financial Planning and Budgeting 

• Assist in the development of annual budgets and long-term financial plans. 
• Monitor budgetary performance and provide variance analysis reports to management. • Collaborate with department heads to align financial plans with operational goals. 

Asset Management 

• Review capital expenditure purchase and ensure accurate upload of all fixed assets in the fixed  asset register. 
• Ensure all new assets have been properly labelled in the fixed asset register and have been  assigned tag number for a specific asset.  
• Carry out periodic reconciliation and coordinate physical verification of fixed assets. • Ensure proper location and existence of fixed assets by conducting periodic asset verification. • Generate monthly report on depreciation and amortization of fixed asset and ensure have been  posted in the respective general ledgers. 
• Assess and accounting for impairment and conducting periodic assessment review and advise on  disposal of fixed asset based on the assessment. 

Account Reconciliation 

• Generate month end general ledger reconciliation as well as Bank reconciliation. • Investigate and resolve discrepancies relating to financial transaction in a timely manner. 

Data Management 

• Maintain accurate and organized financial records, ensuring data integrity and accessibility. • Utilize financial software and tools to streamline reporting processes and improve efficiency. • Perform any other duties as may be assigned by the Immediate Supervisor from time to time. 

Key Qualifications: 

Academic and Experience Qualifications 

• Bachelor’s degree in accounting, finance, or related field 
• Professional certification in the field of accounting such as CPA (Certified Public Accountant) or  CMA (Certified Management Accountant) is mandatory. 
• A minimum of 3 years previous experience in financial reporting ,preferably within the mining  industry or related sector

Technical Competencies 

• Knowledge and application of Generally Accepted Accounting Principles (GAAP) or International  Financial Reporting Standards (IFRS) 
• Proficiency in financial analysis techniques to interpret data, identify trends, and provide insights  into financial performance. 
• Familiarity with accounting software systems used for financial reporting. 
• Knowledge of industry-specific regulations, tax laws, and reporting requirements • Demonstrated ability to design and implement controls to safeguard financial data and ensure  accuracy. 
• Familiarity with auditing processes and compliance requirements  
• Ability to create financial models to forecast future financial performance. 

Behavioural Competencies  

• Excellent analytical skills and problem-solving skills. 
• Good communication and interpersonal abilities. 
• Strong supervisory and team management skills  
• Capacity to enforce compliance with standards. 
• Demonstrated high level of integrity and confidentiality. 

How to apply: 

If you believe you are the right candidate for any of the above positions, please submit your application  with a detailed CV, photocopies of academic certificates, names of three referees with their contacts. In  addition, please quote the job reference number on the subject of your email. Applications should be  submitted to [email protected] not later than 11 March 2024 at 05:00 pm. 

Detailed job descriptions for each of the advertised positions can be accessed through our website  using the following link : www.jitegemeeholdings.co.tz 

JHCL is an equal opportunity employer