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.