Accountant at Freedom Financial Services Limited

Job Vacancy: Accountant 

About Us:
Freedom Financial Services Limited is a microfinance institution committed to providing accessible and collateral-free loans to marginalized communities. Our mission is to empower civil servants, private employees, women, and youth by offering financial solutions that break traditional banking barriers.
We provide payroll-backed loans to both public and private sector employees, with a focus on underserved communities, including those in semi-urban and rural areas. Our core philosophy is based on trust, dignity, and integrity, ensuring that even those without collateral can access credit.
Our vision is to be a market leader in credit and loan management by minimizing red tape in loan processing while maintaining a strong focus on calculated risk management. We pride ourselves on our values of transparency, accountability, professionalism, and customer care.

Key Responsibilities:

• Manage payroll processing in compliance with the PAYE, Pension, and TEVET Acts.
• Submit monthly financial reports in line with Reserve Bank of Malawi requirements for microfinance institutions.
• Post accounting journals and ensure timely, accurate financial data entry.
• Maintain and reconcile petty cash system.
• Oversee loan book management and ensure accurate recording of transactions.
• Ensure proper use of accounting software, including Sage Pastel, and loan management software.
• Reconcile bank accounts and ensure timely reporting of cash flow.
• Handle tax filings and other statutory financial requirements.
• Preparing financial statements in accordance with regulatory and company standards.
• Developing and monitoring of strategies and budgets
• Collaboration with regulators and external auditors

Other Duties

• Handling HR and Administrative functions of the company
• Perform any other tasks assigned from time to time.

Requirements:

• A minimum of 3 years experience working as an accountant, ideally in a microfinance, SACCO, or financial institution setting.
• Working knowledge of accounting software such as Sage Pastel and loan book management software.
• A diploma in accounting or related field.
• Excellent attention to detail and ability to work in a fast-paced environment.
• Strong communication skills and a proactive approach to problem-solving.
• Understanding of policies, systems & procedures, Malawi legislation, and Reserve Bank of Malawi Directives.

Method Of Application

Interested candidates should send their Cover letter, Curriculum Vitae (CV), with 3 traceable references, and copies of their qualifications to [email protected] by 27th September 2024.

Only shortlisted applicants will be contacted.