Chief Accountant – Ethiopian Electronics PLC’s (ETHELCO)

About the Company

As the sole authorized importer for Philips domestic appliances and AVENT (mother and childcare) products, Ethiopian Electronics PLC’s (ETHELCO) history started in 1954 under the shareholder company Philips Ethiopia as a subsidiary to its parent company in the Netherlands. Known for the best quality of products in the world, Philips Ethiopia was a unique importer of various electronic, household appliances, lighting products, and medical systems paving the way for many companies that followed in its footsteps.

Major Duties & Responsibilities: 

• Financial Oversight: Manage the entire accounting department, ensuring the integrity of financial data and compliance with accounting standards and regulations, oversee daily accounting activities including ledger entries, reconciliations, and settlements 

• Reporting: Responsible for preparing accurate financial statements and reports (monthly, quarterly, and annually), which are essential for informed decision-making. Ensure timely submission of financial reports to management and regulatory authorities. 

• Budgeting & Forecasting: Collaborate with senior management in budgeting processes and monitor performance against budgets.

• Policy Development: This role involves developing and implementing financial policies and procedures to enhance efficiency and compliance within the organization.

• Team Leadership: Oversee and supervise accounting staff, fostering a collaborative environment to produce reliable financial data. Lead and mentor the accounting team, conducting performance reviews and identifying training needs .

• Tax Management: Monitoring tax matters and ensuring that all transactions comply with local tax laws (critical). Staying up to date with local tax regulations.

• Compliance and Auditing: Liaise with external auditors to ensure compliance with financial regulations and standards. Facilitate the annual audit process. 

• Financial Acumen: Strong understanding of accounting principles, financial regulations, and reporting standards. 

• Communication Skills: Excellent written and verbal communication skills for effective collaboration with senior management and other departments. 

• Problem-Solving Ability: Capable of identifying issues and proposing effective solutions.

Qualifications: 

• Education: A bachelor’s degree in finance, Accounting, Business Administration, or a related field is typically required. Professional qualifications such as CPA or ACCA are highly advantageous 

• Experience: Candidate needs several years (minimum 5 years in a senior role) of management experience in accounting, particularly in corporate settings.

• Skills: Strong proficiency in accounting software (ERP system), exceptional communication skills, attention to detail, and the ability to work under pressure. 

• Leadership Skills: Experience in managing teams and leading finance-related projects is essential. Fostering a culture of continuous improvement 

• Analytical Skills: Strong analytical abilities to interpret financial data and provide insights for decision-making 

• Communication Skills: Strong verbal and written communication skills are necessary for interacting with stakeholders at all levels.

Primary areas of experience in order: 

1. Import and Export (bonus if in electronics) 

2. Agricultural farm finance management 

3. Beverage manufacturing

Note: Applicants should demonstrate stability in previous roles, with at least 3–5 years of tenure in a single organization being highly preferred.

How To Apply

Interested Applicants are invited to submit their updated Resume to “lidiya.ashenafi@ethiojobs.net” with a subject line “Chief Accountant”.