Background

Industrial Resources Limited (“IRL”) company is a company wholly owned by the Industrial Development Corporation (“IDC”) located in Lusaka Zambia. Its sole purpose is to exploit dormant natural resources within the Republic of Zambia, allowing for exploration and mining of select minerals and eventually their commercialization whilst enhancing job creation as per IDC mandate. IRL is positioned to act as an investor in the mining sector, cutting across primary production, beneficiation, refining, and value addition.

JOB PURPOSE

The Accountant is responsible for overseeing the Company’s financial operations, ensuring accurate financial reporting, regulatory compliance and the implementation of effective internal controls. The role includes managing budgeting and forecasting processes, monitoring cash flow, coordinating audits and supporting strategic financial planning to drive operational efficiency and profitability.

KEY RESULT AREAS AND PRINCIPAL ACCOUNTABILITIES

A. Financial Management and Reporting

• Undertakes financial transactions to ensure accuracy, completeness, and compliance with accounting standards.
• Prepares and analyses monthly, quarterly, and annual financial statements and forecasts for the Company.
• Maintains the general ledger, performs reconciliations, and ensures accurate expense allocations.
• Reviews accounting records, processes supplier invoices, and monitors cash flow projections.
• Ensures timely financial reporting to the Supervisor.
• Maintains comprehensive financial records in line with governance frameworks.

B. Budgeting and Financial Planning

• Participates in the preparation and management of annual budgets, forecasts, and financial projections.
• Monitors budget performance, analyses variances, and recommends cost control interventions.
• Supports the development and implementation of financial policies and budget frameworks to promote efficiency and accountability.

C. Compliance and Statutory Reporting

• Ensures compliance with tax laws, regulatory requirements, and international accounting standards.
• Prepares and submits VAT, PAYE, corporate tax, and other statutory returns within prescribed deadlines.
• Ensures adherence to obligations under NAPSA, NHIMA, Workers’ Compensation, ZRA, and applicable local authorities.
• Maintains working relationships with tax authorities, auditors, and regulatory bodies.
• Supports internal and external audits by compiling required documentation and responding to audit queries.

D. Internal Controls and Financial Risk Management

• Undertakes implementation of internal financial controls to safeguard company assets.
• Identifies financial risks and proposes mitigation strategies.
• Supports the establishment of risk management frameworks and promotes financial integrity and fraud prevention.

E. Cash Flow and Treasury Management

• Undertakes cash flow planning to ensure adequate operational liquidity.
• Develops and executes effective treasury and working capital management strategies.
• Optimizes financial resources through strategic investments and cost-saving initiatives.
• Maintains strong relationships with banks and financial institutions.

F. Stakeholder Engagement and Strategic Support

• Maintains strong professional relationships with banks, financial institutions, auditors, and regulators.
• Provides financial insights to support executive leadership in strategic decision-making.
• Represents the Finance Department in cross-functional business initiatives.
• Ensures transparent and timely financial communication with investors and Board members.

G. Operational and Strategic Support

• Liaises with implementing stakeholders to facilitate fund disbursement and maintain financial oversight.
• Supports operational teams with financial insights to enhance decision-making and performance.
• Undertakes additional duties as delegated to support the Company’s financial and strategic objectives.

ESSENTIAL/DESIRABLE QUALIFICATIONS/EXPERIENCE

Professional Qualification:

• Grade 12 School Certificate
• Bachelor’s degree in finance, accounting and/or equivalent Professional Qualification such as ACCA, CIMA, CA, or any other relevant field from a reputable university
• Professional Membership with the Zambia Institute of Chartered Accountant (ZICA)

Minimum Relevant Work Experience:

• 5 years relevant work experience or similar position.

Skill Specifications:

• Excellent Supervisory skills
• Excellent problem solving and presentation skills.
• Excellent written and verbal communication skills
• Ability to work collaboratively with key internal and external stakeholders
• Data management and record keeping.
• Proficient in using computers

Other Attributes

• Professionalism
• Transparency
• Integrity
• Distinction
• Innovation
• Teamwork

WORKING CONDITIONS

• Office work environment.
• Use of computers and other office equipment.
• Concentration and analysis.
• Managing tight deadlines.
• Normal environmental conditions
• Occasional local and international travel.

• Undertakes financial transactions to ensure accuracy, completeness, and compliance with accounting standards.
• Prepares and analyses monthly, quarterly, and annual financial statements and forecasts for the Company.
• Maintains the general ledger, performs reconciliations, and ensures accurate expense allocations.
• Reviews accounting records, processes supplier invoices, and monitors cash flow projections.
• Ensures timely financial reporting to the Supervisor.
• Maintains comprehensive financial records in line with governance frameworks.
• Participates in the preparation and management of annual budgets, forecasts, and financial projections.
• Monitors budget performance, analyses variances, and recommends cost control interventions.
• Supports the development and implementation of financial policies and budget frameworks to promote efficiency and accountability.
• Ensures compliance with tax laws, regulatory requirements, and international accounting standards.
• Prepares and submits VAT, PAYE, corporate tax, and other statutory returns within prescribed deadlines.
• Ensures adherence to obligations under NAPSA, NHIMA, Workers’ Compensation, ZRA, and applicable local authorities.
• Maintains working relationships with tax authorities, auditors, and regulatory bodies.
• Supports internal and external audits by compiling required documentation and responding to audit queries.
• Undertakes implementation of internal financial controls to safeguard company assets.
• Identifies financial risks and proposes mitigation strategies.
• Supports the establishment of risk management frameworks and promotes financial integrity and fraud prevention.
• Undertakes cash flow planning to ensure adequate operational liquidity.
• Develops and executes effective treasury and working capital management strategies.
• Optimizes financial resources through strategic investments and cost-saving initiatives.
• Maintains strong relationships with banks and financial institutions.
• Maintains strong professional relationships with banks, financial institutions, auditors, and regulators.
• Provides financial insights to support executive leadership in strategic decision-making.
• Represents the Finance Department in cross-functional business initiatives.
• Ensures transparent and timely financial communication with investors and Board members.
• Liaises with implementing stakeholders to facilitate fund disbursement and maintain financial oversight.
• Supports operational teams with financial insights to enhance decision-making and performance.
• Undertakes additional duties as delegated to support the Company’s financial and strategic objectives.

• Excellent Supervisory skills
• Excellent problem solving and presentation skills.
• Excellent written and verbal communication skills
• Ability to work collaboratively with key internal and external stakeholders
• Data management and record keeping.
• Proficient in using computers

• Grade 12 School Certificate
• Bachelor’s degree in finance, accounting and/or equivalent Professional Qualification such as ACCA, CIMA, CA, or any other relevant field from a reputable university
• Professional Membership with the Zambia Institute of Chartered Accountant (ZICA)