Account Officer (Banking and Microfinance Experience) at Elizabeth Maddeux

Job Description

• The Account Officer (Finance) is responsible for supporting the financial management of the bank through accurate recording, reporting, and reconciliation of financial transactions.
• The role ensures compliance with accounting standards, regulatory requirements, and internal control procedures, while contributing to the integrity of the bank’s financial information.

Key Responsibilities
Financial Recording & Bookkeeping:

• Record daily financial transactions in the accounting system in a timely and accurate manner
• Maintain proper documentation and supporting schedules for all financial entries
• Ensure completeness and accuracy of financial data

General Ledger Management:

• Maintain and update the general ledger accounts
• Post journal entries and ensure proper classification of transactions
• Assist in month-end and year-end closing processes

Reconciliation:

• Perform daily, weekly, and monthly reconciliation of bank accounts, cash accounts, and other ledger balances
• Investigate and resolve discrepancies in a timely manner
• Maintain reconciliation schedules and supporting documentation

Financial Reporting:

• Assist in the preparation of periodic financial reports (daily, weekly, monthly)
• Support preparation of management accounts and regulatory returns
• Provide accurate financial data to support decision-making

Budgeting & Cost Control:

• Support the preparation and monitoring of departmental and organizational budgets
• Track actual expenditures against approved budgets
• Highlight variances and support cost control initiatives

Compliance & Internal Control:

• Ensure compliance with accounting standards, regulatory requirements, and internal policies
• Support internal and external audit processes by providing required documentation
• Adhere to internal control procedures to safeguard financial assets

Accounts Payable & Receivable:

• Process payments, invoices, and expense claims in line with approval limits
• Monitor receivables and follow up on outstanding balances where necessary
• Ensure proper authorization and documentation for all transactions

Tax & Statutory Compliance:

• Support the preparation and filing of tax and statutory returns as required
• Ensure proper documentation for all tax-related transactions

Key Performance indicators (KPIs)

• Accuracy and timeliness of financial records
• Timely completion of reconciliations
• Number of unresolved reconciliation differences
• Compliance with accounting and regulatory requirements
• Timeliness of financial reporting
• Audit findings related to finance operations
• Budget variance management

Qualification and Experience

• Bachelor’s Degree in Accounting, Finance, or related field with 2–4 years experience in accounting or finance
• Professional certification (ACA, ACCA, ICAN) is an added advantage
• Experience in a microfinance bank or financial institution is highly desirable

Competencies and Skills:

• Strong knowledge of accounting principles and financial reporting
• High level of accuracy and attention to detail
• Proficiency in accounting software and Microsoft Excel
• Analytical and problem-solving skills
• High level of integrity and confidentiality
• Ability to work under pressure and meet deadlines

Working Conditions:

• Office-based role within a structured finance environment
• Requires strict adherence to deadlines, especially during reporting periods
• High level of responsibility for financial accuracy and compliance

Compensation and Benefits

• Competitive monthly salary: N400,000 - N450,000 / Month (Gross)
• Other benefits in line with company policy