Job Role

To provide accurate and timely financial support within the pharmaceutical sector. The Junior Accountant is responsible for maintaining financial records, assisting in reporting, ensuring compliance with accounting standards, and supporting audits. This role contributes to the smooth financial operations of the company and ensures adherence to industry regulations and corporate policies.

2. Key Responsibilities of a Junior Accountant

  A. Maintain Financial Records

• Record daily transactions in the general ledger.
• Ensure accuracy and completeness of supporting documentation.
• Reconcile accounts regularly to maintain integrity of financial data.

 B. Assist in Month-End and Year-End Closing

• Prepare journal entries and reconciliations.
• Support preparation of trial balances and financial statements.
• Verify balances and ensure compliance with reporting deadlines.

 C. Prepare Financial Statements and Reports

• Draft income statements, balance sheets, and cash flow reports.
• Provide management with timely and accurate financial data.
• Highlight variances and trends for analysis.

 D. Manage Accounts Payable and Receivable

• Process supplier invoices and ensure timely payments.
• Track customer invoices and follow up on outstanding receivables.
• Reconcile vendor and customer accounts.

 E. Budgeting and Forecasting Support

• Assist in preparing annual budgets and quarterly forecasts.
• Compare actual results against budgeted figures.
• Provide input on cost-saving opportunities.

 F. Compliance and Internal Controls

• Ensure adherence to GAAP/IFRS standards and company policies.
• Support compliance with pharmaceutical industry regulations.
• Maintain internal controls to safeguard company assets.

 G. Audit Support

• Respond to audit queries and provide explanations.
• Implement audit recommendations.
• Prepare schedules and documentation for auditors.

 H. Tax and Regulatory Filings

• Assist in preparing tax returns and compliance reports.
• Maintain documentation for tax audits and regulatory reviews.
• Stay updated on changes in tax regulations.

 I. Financial Analysis and Insights

• Conduct variance analysis to explain differences in results.
• Provide insights into cost structures and profitability.
• Support management in strategic financial planning.

Qualification

4. Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• CPA certification (mandatory).
• Minimum of 2 years of accounting experience, preferably in the pharmaceutical or healthcare industry.
• Strong knowledge of GAAP/IFRS.
• Proficiency in accounting software (e.g., SAP, Oracle, QuickBooks).
• Advanced MS Excel skills.

5. Skills and Competencies

• Strong analytical and numerical skills.
• Attention to detail and accuracy in financial work.
• Ability to meet deadlines under pressure.
• Good communication and interpersonal skills.
• Teamwork and collaboration with finance and operational teams.
• Ethical standards and integrity in handling financial data.
• Ability to adapt to pharmaceutical industry compliance requirements.