African Bamboo PLC is a forestry, wood processing and bio-energy company, primarily using bamboo as feedstock established in Addis Ababa, Ethiopia since 2012. We are a daughter company of Fortune Enterprise PLC, a privately owned firm engaged in wood and metal furniture manufacturing in Addis Ababa. Ethiopia has a shortage of wood, but accounts for 67 percent of Africa’s entire bamboo resources with about 1 million ha of bamboo coverage. Hence, Fortune Enterprise decided to gradually shift its raw material source to bamboo and transform the production from wood furniture to high-value composite bamboo products such as compressed panels and outdoor decking for export purpose. It is the objective of AB, primarily using bamboo as feedstock, to optimize the multi-purpose benefits of the immense bamboo resources available in Ethiopia. We are young, hardworking, multi-cultural team. Our spirit and way of working can be best described through teamwork, hands-on mentality, problem solving, great amount of individual responsibility and flexibility.
Position summary:
Under standard supervision, he/she is responsible for the preparation of various financial statements and reports. Verifies cash inflows and checks deposits of same in the bank. Carries out bank reconciliation. Handles project accounts. Conducts financial analysis to evaluate financial position of African bamboo plc. Follows up collection of revenues. Ensures annual closure of accounts. Undertakes accounting treatments as per accounting manual of the company.
Description of Duties
Checks collection of receivables against documents and statements of outstanding,
Ensures that collected cash is deposited in the bank or transferred to main cashier in due course against deposit slips,
Recognizes transactions and follows up codification, journalizing, posting and other accounting treatments,
Prepares bank reconciliation worksheets, cash flow statements and other financial statements periodically,
Checks payroll deductions such as taxes, pension fund and any other disbursements promptly,
Checks petty cash payments and makes ready for replenishment,
Ensures that tag numbers are assigned to fixed assets of the company,
Prepares fixed asset schedule and computes depreciation & amortization,
Verifies outstanding receivables & payable accounts and follows up for settlement and / or proposes write off,
Prepares payment request invoices upon arrival of agreements for promotion in the Trade Directory, etc.
Follows up on revenue collections from training, sale of product out puts & sponsorship in due course of time,
Follows up on the preparation of trial balance together with adjusting entries,
Workouts commission payments for sales Agents against the agreements entered between the company and agents,
Conducts financial analysis for project formulation and monitoring ongoing projects,
Participates in the preparation of in-depth ratio analysis to analyze financial position of the company,
Checks credit sales & collection of cash as per the agreement,
Checks & verifies control ledger against sub – legers and prepares adjustments,
Conducts annual closure of accounts,
Delivers accounting documents to external auditors and provides adequate justifications accordingly,
Assists in the preparation of annual budget and in variance analysis of same,
Carries out closure of accounts monthly, quarterly and annually,
Performs other related activities when the need arises.
Education
B.A in Accounting and Finance
Work Experience
5 years of relevant experience
Special Training
Two (2) weeks of training on Accounting software & related.
Peach-tree accounting