Financial Reporting Officer at Beacongate Limited

Location: Ikeja, Lagos
Department: Finance and Business Support
Job Types: Full-time, Permanent

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.
• 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.

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
• Must not be more than 32 years of age.
• 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)

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
N80,000.00 to N100,000.00 /month

Application Deadline.
11th June, 2019.