Responsibilities of a Junior Finance Officer:

1. Financial Record Maintenance

• Assist in maintaining accurate and up-to-date financial records.
• Input financial transactions into the accounting software.
• Manage receipts, invoices, and other documents for audit purposes.

2. Accounts Payable/Receivable

• Process payments, including invoices, expense claims, and reimbursements.
• Monitor outstanding receivables and ensure timely collection of payments.
• Assist in reconciling accounts payable and receivable transactions.

3. Budgeting and Forecasting

• Assist in the preparation of budgets and financial forecasts.
• Track expenses against the approved budget and highlight discrepancies.
• Participate in financial planning discussions and provide support.

4. Bank Reconciliation

• Help in reconciling company bank statements with financial records.
• Identify and resolve discrepancies in financial data and transactions.

5. Financial Reporting

• Assist in preparing financial reports like balance sheets, income statements, and cash flow reports.
• Help compile financial data for internal and external audits.
• Support the senior finance team in generating monthly or quarterly financial statements.

6. Compliance and Auditing

• Ensure adherence to financial policies, procedures, and regulations.
• Assist in preparing for audits by providing necessary documents and information.
• Help with tax filing processes and compliance with legal and financial regulations.

7. Data Analysis and Support

• Analyze financial data to identify trends, variances, and potential risks.
• Provide financial analysis to support decision-making processes.

8. Other General Tasks

• Ensure that financial concerns are communicated to clients, vendors, and suppliers.
• As needed, help the financial team with additional administrative duties.

Source: Merojob

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