Senior Finance Officer / Accountant – Reconciliations, Payroll & Cash Flow
About the Company
An established and growing company in Limassol is seeking an experienced and detail-oriented Senior Finance Officer / Accountant to join its team. The successful candidate will play an important role in supporting the company’s financial operations and ensuring the accuracy, reliability and timely management of its accounting and financial processes. The role involves managing the company’s day-to-day accounting, reconciliations, VAT compliance, payroll and cash flow monitoring, while maintaining accurate financial records, completing reconciliations, preparing VAT returns, processing payroll for approximately 30 employees and providing management with a clear and timely view of the company’s cash position and financial obligations.
Key Responsibilities:
Accounting & Reconciliations
- Perform daily and monthly bank reconciliations.
- Reconcile payment processors, merchant accounts and other financial accounts.
- Reconcile supplier, customer and internal ledger balances.
- Investigate and resolve reconciliation differences promptly.
- Prepare and post journal entries, accruals, prepayments and adjustments.
- Ensure all transactions are recorded accurately in the accounting system.
- Maintain proper supporting documentation and audit trails.
- Assist with monthly and year-end closing procedures.
VAT & Tax Compliance
- Prepare and submit VAT returns accurately and on time.
- Reconcile VAT control accounts to the general ledger.
- Review purchase and sales invoices for correct VAT treatment.
- Maintain appropriate VAT documentation and records.
- Assist with VAT inspections, audits and queries from tax authorities.
- Monitor filing and payment deadlines and ensure compliance with applicable requirements.
Payroll
- Prepare and process monthly payroll for approximately 30 employees.
- Maintain employee payroll records.
- Calculate salaries, overtime, bonuses, commissions, deductions and other payroll adjustments.
- Process statutory payroll deductions and employer contributions.
- Prepare payroll-related accounting entries and reconciliations.
- Coordinate payroll payments and ensure salaries are paid on time.
- Prepare payroll reports for management.
- Handle employee payroll queries and corrections.
- Assist with year-end payroll reporting and statutory submissions.
Cash Flow & Treasury
- Monitor daily bank balances and available liquidity.
- Prepare short-term and medium-term cash flow forecasts.
- Monitor expected receipts, supplier payments, payroll, taxes and other upcoming obligations.
- Identify potential liquidity shortages in advance.
- Prepare daily or weekly cash-position reports for management.
- Coordinate payment timing to maintain appropriate liquidity.
- Monitor significant or unusual cash movements.
- Assist management with treasury and working-capital planning.
Management Reporting & Controls
- Assist in preparation of monthly management accounts.
- Prepare reconciliation schedules and financial reports.
- Monitor outstanding receivables and payables.
- Support budgeting and cash flow forecasting.
- Maintain and improve internal financial controls.
- Assist external accountants and auditors by preparing supporting schedules and documentation.
- Identify accounting or operational discrepancies and recommend corrective action.
Required Skills & Experience
- Degree or professional qualification in Accounting, Finance or a related field.
- Strong practical accounting and bookkeeping experience.
- Experience preparing VAT returns.
- Practical payroll experience.
- Strong understanding of double-entry accounting.
- Good knowledge of bank and balance-sheet reconciliations.
- Strong Microsoft Excel skills.
- Experience with accounting or ERP software.
- Strong attention to detail and accuracy.
- Ability to work independently and meet monthly and statutory deadlines.
- Good analytical and problem-solving skills.
- Good written and spoken English.
Preferred Experience
Experience in financial services, brokerage, payment processing, multi-currency accounting or high-volume transaction environments would be considered a strong advantage.
Key Performance Expectations
The successful candidate will be expected to ensure that:
- All bank and financial-account reconciliations