Account Officer at African Foundries Limited

Job Summary

• The Account Officer is responsible for maintaining accurate financial records, processing transactions, and supporting financial reporting for African Foundries in line with company policy and regulatory requirements.

Key Responsibilities

• Daily Accounting: Post all financial transactions into the accounting system, including sales, purchases, receipts, and payments.
• Banking: Prepare bank reconciliation statements, monitor bank balances, and handle cash deposits and withdrawals.
• Invoicing & Receivables: Raise customer invoices, track receivables, and follow up on overdue accounts.
• Payables: Process vendor invoices, obtain approvals, and prepare payment schedules.
• Inventory Accounting: Reconcile raw material and finished goods stock with finance records and production reports.
• Payroll Support: Assist with payroll preparation, PAYE, pension, NHF, and other statutory deductions/remittances.
• Tax & Compliance: Prepare schedules for VAT, WHT, and Company Income Tax filings. Ensure timely remittance to FIRS/LIRS.
• Month-End Closing: Assist in month-end and year-end closing, including journals, accruals, and provisions.
• Reporting: Generate weekly and monthly reports on cash flow, debtors, creditors, and cost centers.
• Audit Support: Provide documents and schedules during internal and external audits.
• Asset Register: Maintain fixed asset register and compute depreciation.

Requirements

• Education: BSc /  HND in Accounting, Finance, or related field.
• Experience: 2 - 4 years in a manufacturing, steel, or heavy industry environment preferred.
• Skills: Strong knowledge of accounting software like Navision, Proficiency in Excel. Understanding of IFRS and Nigerian tax laws.
• Competencies: Attention to detail, integrity, analytical thinking, and ability to meet deadlines.