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  • Accountant at OWPPiN Limited

  • Posted on: 5 June, 2019 Deadline: Not Specified
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  • OWPPiN Limited, a wood, paper and pulp platform focused on producing high quality wood derived products in Nigeria, for local and global consumption is looking to fill the below vacant position:



    Job Scope

    • The Job holder is responsible for preparation of the financial statements of the Fund and the Company.
    • He/She is also responsible for preparation of the net assets value (NAV) of the Fund on a monthly, quarterly and yearly basis; reconciliations, budgeting, cost control and performance measurement, liaising with external contacts (vendors, auditors, tax authorities), revision and update of all procedure.

    Job Responsibility

    • Ensures the documentation of transaction processing workflows within Finance and Operations department in standard procedures. Also ensuring that existing procedures are updated and reviewed in line with current practices.
    • Prepare monthly depreciation of assets in line with the accounting policies and procedures.
    • Prepare monthly amortization of intangible assets in line with the accounting policies in place.
    • Maintains proper books of account by ensuring that daily transactions are recorded using both the accounting & investment module of the Fund’s software.
    • Preparation of Monthly, Quarterly, and half yearly & annual fund valuation.
    • The valuation and updating of fund investment in Private equity & Infrastructural fund.
    • Forecasting upcoming payment needs of the Company; providing adept analysis of the bank balance vis-à-vis the forecasted payments to ensure adequate funding by the sponsor and also avoiding idle bank balances.
    • Ensuring periodic (i.e. quarterly) cash call reconciliations with Parent Company.
    • Ensure that balances held by Parent Company against the company (as represented by debit notes) agrees with Company’s records. Also, identifying any differences that may exist, investigating and resolving them.
    • Work with departmental managers to develop and prepare appropriate budget for the Fund & company.
    • Participate in the budget approval process by the board of directors.
    • Analyse monthly department budgeting and accounting reports to maintain expenditure controls.
    • Consult with managers to ensure that budget adjustments are made in accordance with program changes.
    • Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
    • Seek new ways to improve efficiency and optimize cost – benefit matrix.
    • Review operating budgets to analyse trends affecting budget needs.
    • Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
    • Responsible for the preparation of regular and special budget reports.
    • Follow-up compliance with approved budget/cost objectives;
    • Perform relevant variance analysis and investigate deviations for recommendation and follow-up;
    • Interpret budget directives and establish policies for carrying out directives.
    • Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
    • Preparation of the financial statements of the Fund and the Company.
    • Preparation of the net assets value (NAV) of the Fund on a monthly, quarterly and yearly basis.

    Job Requirements

    • University Degree in Accounting, Business Admin, Finance or related discipline (Minimum of 2nd class upper).
    • ICAN or ACA certification mandatory.
    • Minimum 3+ years relevant work experience, in accounting or finance.
    • Strong analytical and communication skills.
    • Good organizational ability as well as ability to multitask.

    Method of Application

    nterested and qualified candidates should send their Resume and Cover Letter to: Using the "Job Title" as the subject of the email.

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