LESOTHO WATER AND SEWERAGE COMPANY (WASCO)
Financial Accountant
The Lesotho Water and Sewerage Company (WASCO) invites applications from suitably qualified local candidates for the following position:
Job Title: Financial Accountant
Reports to: Financial and Management Accounting Manager
Purpose of the Role
To ensure accurate recording, reconciliation and reporting of cash receipts, customer collections, supplier payments and general ledger balances, while maintaining the accuracy and integrity of financial information and supporting the implementation of accounting systems, policies and procedures.
Key Tasks
Cash and Receipts Reconciliation:
- Reconcile daily cash collections and customer receipts to bank statements, billing records and the general ledger.
- Reconcile collections received through banks, mobile money, payment agents and service centres.
- Investigate and resolve unidentified deposits, rejected transactions and reconciliation differences.
- Ensure receipts are accurately allocated to customer accounts.
- Prepare daily and monthly cash collection reports.
Payments and Accounts Payable:
- Review payment vouchers and supporting documents, including purchase orders, invoices and goods received notes.
- Verify supplier banking details, approvals, calculations and withholding tax deductions.
- Prepare supplier payments and payment schedules for authorisation.
- Record payments accurately in the accounting system.
- Reconcile supplier statements and resolve outstanding items.
- Maintain an accurate payment register and filing system.
General Ledger Reconciliation:
- Prepare monthly reconciliations for bank, cash, receivables, payables, withholding tax and other balance sheet accounts.
- Investigate and clear long-outstanding reconciling items.
- Prepare and post approved journals and corrections.
- Maintain supporting schedules for all assigned general ledger accounts.
- Assist with month-end and year-end closing processes.
Financial Reporting:
- Support preparation of monthly financial reports, management schedules and variance analyses.
- Report on cash collections, supplier payments, outstanding liabilities and unreconciled balances.
- Support preparation of financial statements, budgets and cash flow forecasts.
- Provide accurate financial information to management and other departments.
- Maintain audit-ready records and supporting documentation.
Internal Controls and Compliance:
- Ensure transactions comply with financial policies, procurement procedures, tax requirements and delegated authority limits.
- Maintain appropriate segregation of duties and confidentiality of financial information.
- Support internal and external audits and respond to audit queries.
- Identify control weaknesses and recommend improvements.
- Assist in preventing duplicate, incorrect or unauthorised payments.
Stakeholder Coordination:
- Liaise with Finance, Billing, Revenue Collection, Procurement, Operations, banks, suppliers, auditors and tax authorities to resolve financial queries and facilitate timely and accurate financial transactions.
Core Competencies
- Operational Decision-Making and applied strategic thinking
- Teamwork
- Financial Management and Budgeting
- Problem-solving
- Planning and organising
- Continuous Improvement and Service Delivery Innovation
Generic Competencies
- Honesty, Integrity and Work Ethic
- Customer Focus Excellence
- Citizen/Customer Orientation
- Information Technology Application
- Valuing the natural environment
Minimum Qualifications & Experience
- General Accounting or Bachelor’s degree in Accounting, Finance or a related discipline.
- At least 3 years’ relevant accounting experience, preferably in a utility or high-volume customer environment.
- Experience in bank reconciliation, accounts payable, general ledger accounting and financial reporting.
Technical Skills
- Knowledge of IFRS and applicable tax legislation.
- Advanced Microsoft Excel skills.
- Experience with ERP and accounting systems.
- Strong understanding of treasury, payments and reconciliation processes.
Salary and Benefits
We offer a competitive salary and benefits package.
Submission of Applications
Interested candidates must submit their applications online via the WASCO Recruitment Portal:
Applications must be accompanied by:
- A detailed Curriculum Vitae (CV)
- Names and contact details of two referees
- Certified copies of academic certificates and transcripts
Only applications submitted through the online portal will be considered.
WASCO is an equal opportunity employer. We are committed to building a diverse and inclusive workforce. Hence, we strongly encourage applications from women, who are currently underrepresented in our team.
Closing Date
The closing date for submissions of applications is 6 October 2026.
Disclaimers
- Applications received after the closing date will not be considered.
- Correspondence will only be conducted with short-listed candidates.
- Selection interviews for short-listed candidates will be at a date, time and place determined by WASCO.
- Short-listed candidates will be required to authenticate information provided in the CV.
- WASCO reserves the right to leave an advertised position unfilled if no suitable candidate is identified.
- The employment of the successful candidate is subject to positive police clearance.