Accounting Associate – National Tobacco Enterprise (Ethiopia) Sh. co.
Accounting and Finance
National Tobacco Enterprise (Ethiopia) Sh. co.
NTE was established in 1935 as Imperial Ethiopian Tobacco Monopoly, the National Tobacco Enterprise (Ethiopia) S.C (NTE) has a strong Ethiopian heritage and the global outlook of its parent company, Japan Tobacco International (JTI).
JTI is a leading international tobacco products company and the main shareholder in NTE. It owns 71% of the shares of NTE acquired from the Government of Ethiopia in 2016 and 2017. This is the biggest investment by a Japanese company in Ethiopia to date.
Currently, the Company is among the top public enterprises in terms of annual turn over, profitability, and its contribution to the economy as a whole. Annual turn over has continually increased, on average by Birr 190 million, during the previous five years period. Similarly, its contribution to the economy in terms of taxes paid, dividend to the shareholders and job creation to the citizen as a whole is persistently increasing. Annual tax related contribution to the economy (VAT, Excise tax, Income tax, dividend tax etc) has currently reached more than Birr 700 million. In addition to this, the Enterprise with one cigarette factory at Addis Ababa and four tobacco development farms at Shewa Robit, Awassa, Bilatie and Wolaita has employed more than 934 permanent employees and 3,305 temporary and casual workers.
The enterprise, in its five years strategic plan, has aimed and diligently working towards a greater market expansion with a vision of exporting cigarettes subsequent to the full satisfaction of domestic demand. Accordingly, due attention is given to the expansion of new tobacco development farms besides upgrading the existing farms with the objective of domestically covering the factory’s tobacco leaf demand; thereby saving a substantial amount of foreign currency. Moreover, the management of the enterprise is thriving to achieve a competitive advantage through cost leadership and differentiation
Purpose:
- Under the direct supervision of the General Accounts Supervisor, (but further indirect supervision of the Fixed Assets Supervisor, Group Reporting Supervisor and Statutory Accounting Supervisor), support the Entity Finance Department in the processes of Fixed Assets recording and accounting, statutory reporting, group reporting and General Ledger (GL) maintenance / review / controlling (i.e. Key Accounts Reconciliation).
Main Areas of Responsibility:
- Provide AGILE support to the Fixed Assets, Group Reporting, General Accounts and Statutory Accounting departments
- Rotate responsibilities on a pre-determined (or ad-hoc as needed) basis to both develop broad skill set and holistic understanding of the NTE business
- Assist with Fixed Assets and Depreciation postings
- Assist with accruals postings and follow up (reconciliation)
- Support in execution of month end closing both on statutory and group reporting basis
- Assist with journal entry posting and internal control review of ledger postings
- Reconcile key accounts as per the monthly Key Accounts Reconciliation (KAR)
- Support with information collection as part of statutory and tax audits
- Others as needed
Education:
- BA Degree in Accounting or Finance
- Proficient English language skill and MS Office confident user
- Microsoft Navision and SAP experience is a plus
Work Experience:
- Entry Level Position – University Graduates Considered
- 1-2 years experience in Consumer Goods Company or Accounting based role (for experienced hires)
Based on company scale
