Senior Accountant

Career Opportunities with Avana Companies

A great place to work.

As a people-first organization, AVANA Companies is the sum of our team members. Our team is the heart of our organization, across all our brands. Given everything they bring to the table, our goal is to enrich their lives as much as we enrich the lives of our clients and partners. At the end of the day, our passion is our people, and our purpose is to deliver Capital for a Better Tomorrow. As a united team, we passionately pursue that purpose – ultimately creating a lasting impression on our own lives and the lives of people around the world. We're lucky that every day we get to collaborate and work together to accomplish that. It's one of the many factors that make us a family of companies.

As a Junior/Senior Accountant, your mission is to oversee and manage the financial activities of the organization, ensuring accuracy, compliance, and transparency. You will be responsible for overseeing daily treasury operations, cash management, ensuring optimal cash flow management, mitigating financial risk, and compliance with financial regulations. Additionally, you will contribute to financial planning and analysis by providing insights and recommendations.

Core Competencies:

• Cash Management and Treasury
• Accounting and Reporting
• Analytical Thinking
• Cost Management/Internal Controls Assessment

Key Performance Indicators:

• Achieve a forecast accuracy rate of 90% for short-term cash flows.
• Ensure compliance with financial reporting standards and achieve a zero-error rate in financial reports.
• Cash reconciliations and coordination within team for treasury function.
• Develop dashboards to measure the drivers of business performance, financial and cash forecasts and provide insight to team.
• Be able to put together an efficient way of cash forecasting and close to real-time reporting to management.
• Funding Liquidity management.
• Detailed accounting for all borrower collections and interest remittances to investors.
• Accuracy of financial transactions, including weekly cash reports, liquidity forecasts, calculations and payment processing.
• Accuracy of financial data input and reconciliation.

Key Responsibilities:

Cash and Liquidity Management:

• Monitor daily cash positions and forecast short-term and long-term cash requirements.
• Execute cash management strategies to optimize liquidity while minimizing idle cash balances.
• Coordinate with internal departments to ensure timely funding for operational needs.
• Evaluate investment opportunities and recommend investment strategies to maximize returns while managing risks.

Banking Relationships:

• Manage relationships with banks and financial institutions.
• Negotiate banking services, fees, and terms to optimize banking relationships.
• Evaluate and recommend changes in banking partners as necessary.

Cash Flow Forecasting:

• Develop accurate cash flow forecasts to support operational and strategic decision-making by collaborating with people across the organization.
• Analyze variances between forecasted and actual cash flows and provide explanations and recommendations.
• Identify, assess, and mitigate financial risks, including interest rate risk, foreign exchange risk, and credit risk.
• Develop risk management strategies to protect the organization's financial health.
• Maintain compliance with regulatory requirements and internal policies related to treasury operations.

Financial Reporting and Analysis:

• Prepare accurate and timely reports on treasury activities, including cash balances, investments, and debt.
• Develop dashboards to provide in-depth financial analysis to support strategic decision-making and identify opportunities for cost reduction, revenue enhancement, or process improvement.
• Collaborate with internal and external auditors to ensure compliance with financial reporting standards.
• Communicate financial information effectively to stakeholders, including senior management, board of directors, investors, and external partners.

Internal Controls and Process Improvement:

• Establish and maintain internal control procedures to safeguard company assets, prevent fraud, and ensure compliance with policies and regulations.
• Identify opportunities to streamline treasury processes and enhance efficiency, accuracy, and scalability.
• Implement best practices and automation tools to improve accuracy and effectiveness.
• Lead or participate in treasury-related projects to support business objectives.

Qualifications:

• A bachelor's degree in accounting, finance, or a related field.
• A master's degree or professional certification such as CPA (Certified Public Accountant), ACCA (Association of Chartered Certified Accountants), or CMA (Certified Management Accountant) may be preferred.
• 3+ years of relevant experience in accounting, finance, or auditing. Knowledge on Islamic finance or Shariah-compliant lending a plus.
• Understanding of regulatory requirements and guidelines governing finance operations, including US accounting standards and local regulatory frameworks.
• Excellent strategic thinking and problem-solving skills and attention to detail.
• Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
• Strong business acumen and a deep understanding of organizational dynamics.
• Outstanding communication and interpersonal skills, with the ability to build relationships and influence others.
• Demonstrated ability to work effectively with diverse teams and across all levels of an organization.
• Proven track record of driving change and leading successful transformation initiatives.

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