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  • Posted: Feb 11, 2019
    Deadline: Not specified
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  • The company is primarily set up to help transform the latent abilities and potentials of Entrepreneurs, Professionals and Executives and make them realize their full potentials as well as create leadership brands that would make them distinct. This involves using approaches that lead to self discovery, awareness of situations, empowering for positive actions...
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    Financial Reporting Officer

    Description:

    REQUIREMENTS

    • Must have experience with letters of credit, it is an added advantage
    • Minimum of three (3) years’ work experience in the Finance/ Treasury/ Accounts function in a similar organization
    • Minimum of first degree/HND in Finance/ Accounting or any related discipline is required
    • Relevant professional certification from the Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified Chartered Accountants (ACCA)

    RESPONSIBILITIES

    To provide support in book keeping, capturing of accounting transactions, bank reconciliation, reporting on financial transactions and payroll. Prepares records for remittance of staff related statutory payments i.e. PAYE, Pension, etc.

    Department: Finance and Business Support

    Location: Ikeja, Lagos

    • Relates effectively with the organisation’s relationships with financial service providers.
    • Processes monthly payrolls in accordance with payroll policies and procedures and within specified payroll timetables and updates all new joiners, changes and leavers records, in accordance with appropriate documentation
    • Document and update records of all fixed assets to ensure assets are properly valued, accounted for and safeguarded
    • Prepares records for remittance of staff related statutory payments i.e. PAYE, Pension, NHF, etc.
    • Processes expense retirement ledgers to ensure proper accountability of all cash advances
    • Assists in the generation of monthly financial reports 
    • Handles all aspects of assigned bookkeeping activities such as journals and nominal ledger administration by updating the accounting application with transactions as they occur
    • Assists the Management Accountant with the preparation of monthly management accounts including review and reconciliation
    • Assists the Accounting & Reporting Lead with analysis and reconciliations to support statutory accounts audit process
    • Prepares monthly payroll to facilitate payment to staff and forwards to Accounting & Reporting Lead for review
    • Implements accounting controls in day-to-day performance of tasks (e.g. confirm the accuracy of general ledger codes on the accounting system)
    • Documents and updates record of all fixed assets to ensure assets are properly valued, accounted for and safeguarded
    • Collates and consolidates financial information from all business units and prepares trial balance

    KEY PERFORMANCE MEASURES

    Financial Risk Management and Controls

    • Frequency of occurrence of fraud
    • Frequency and impact of controls gaps in accounting procedures
    • Non-compliance to finance policies and procedures

    Financial Reporting

    • Timeliness of generating relevant financial reports
    • Accuracy of management reports
    • Sanctions from regulatory authorities arising from late or inaccurate statutory reports

    Accounts Management

    • Integrity of physical and electronic accounting information
    • Timely resolution of accounts discrepancies
    • Accuracy in documentation and easy retrieval of financial transaction records

    Asset and Fund Management

    • Accuracy of fixed asset records
    • Effective Monitors of income and expenditure
    • Accuracy of ledgers for accounts – Payables, Receivables etc.

    Statutory Compliance

    • Number of defaults recorded in payment of Tax, Pension remittance and other statutory payments
    • Ratio of compliance cost to company’s revenue

    SKILLS AND COMPETENCIES

    • Financial management, accounting, analysis
    • Financial Reporting
    • Knowledge of effective ageing analysis
    • Knowledge of Accounting systems and standards
    • Knowledge of ERP Accounting application
    • Numerical and analytical skills
    • Problem solving skills
    • Interpersonal
    • Attention to detail
    • Communication (written & verbal)

    SALARY RANGE - 80,000 - 100,000

    Method of Application

    This job has expired. Application is no longer allowed

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