VACANCY: ACCOUNTANT – REVENUE

VACANCY: ACCOUNTANT – REVENUE

Lesotho Communications Authority (LCA) is the regulatory body for the communications sector in Lesotho. Following the adoption of the Lesotho Telecommunications Policy of 1999, the Authority was established by an Act of Parliament in 2000. Presently, the Authority operates under the Communications Act of 2012 to regulate Information and Communications Technologies (ICTs), Broadcasting, and postal services.

LCA invites applications from suitably qualified candidates for the position of Accountant: Revenue reporting to the Finance Manager.

 Job Summary

The Accountant: Revenue is responsible for managing and overseeing the revenue accounting process, ensuring accurate and timely recording of all revenue transactions. This role involves monitoring revenue streams, reconciling accounts, and preparing financial reports that contribute to the organization’s financial decision-making process. The position requires a high level of accuracy, analytical skills, and adherence to financial regulations.

Key Responsibilities

1. Revenue Accounting and Reporting.

• Record and Reconcile Revenue Transactions: Ensure all revenue transactions are accurately recorded and reconciled in the financial system.
• Revenue Recognition: Apply appropriate revenue recognition principles to accurately record revenue following relevant accounting standards.
• Monthly and Annual Revenue Reports: Prepare monthly and annual revenue reports, highlighting trends, discrepancies, and projections.
• Audit Support: Provide necessary documentation and support during internal and external audits of revenue.
• Financial Analysis: Conduct detailed analyses of revenue streams to support financial planning and decision-making. 

2. Accounts Receivable Management.

• Invoice Processing: Process invoices timely and accurately to ensure proper billing of services or products.
• Collection Monitoring: Monitor accounts receivable and ensure timely collection of revenues.
• Aging Reports: Maintain and update aging reports to identify and manage overdue accounts.
• Payment Reconciliation: Reconcile payments received with outstanding invoices and resolve discrepancies.
• Customer Queries: Respond to customer queries regarding billing and collections promptly and effectively.

3. Compliance and Controls

• Regulatory Compliance: Ensure all revenue processes comply with legal and regulatory requirements.
• Internal Controls: Maintain effective internal controls over revenue processes to prevent and detect errors or fraud.
• Policy Adherence: Adhere to corporate financial policies and practices in managing revenue transactions.
• Process Improvements: Recommend improvements to revenue accounting processes and systems to increase efficiency and accuracy.
• Documentation: Maintain accurate documentation for revenue transactions and controls for audit and compliance purposes.

4. Stakeholder Collaboration.

• Cross-Departmental Support: Collaborate with other departments, such as sales and customer service, to ensure the accuracy of revenue data and address any issues.
• Training and Guidance: Offer training and guidance to other departments on revenue-related processes and compliance requirements.
• Reporting Requirements: Partner with the management team to fulfil reporting requirements and support organizational goals.
• Communication: Communicate financial information and its implications to non-financial stakeholders.
• Customer Service: Help resolve any customer billing disputes accurately and professionally.

 

5. Technology and Systems Management.

• Financial Systems: Utilize financial software for recording and reporting revenue, ensuring optimal technology use.
• Data Integrity: Maintain the integrity of data within revenue accounting systems.
• System Updates: Engage in testing and updating financial systems to enhance revenue management processes.
• Automation: Assist in implementing automation tools to streamline revenue accounting tasks.
• Data Analysis Tools: Employ data analysis tools to improve reporting and forecasting of revenue.

Qualification and certification

• Bachelor’s degree in Accounting, Finance, Business Administration, or a similar discipline.

Competencies

• Strong analytical and problem-solving skills with a focus on accuracy and attention to detail.
• Excellent organizational and time-management abilities.
• Effective communication skills, both written and verbal, for interacting with internal teams and external clients.
• Proficiency in accounting software and Excel; familiarity with ERP systems is preferred.
• Strong ethical standards and professionalism, with a commitment to confidentiality and integrity.

Tenure

The position is permanent and pensionable.

Remuneration

The LCA offers an attractive and competitive package for the position.

How to Apply

Application letters accompanied by certified copies of relevant certificates, Curriculum Vitae, and names and addresses of three referees should be emailed to: [email protected] on or before 25 April 2025, at noon.