Account Officer at National Institute of Credit Administration

Job Role: 

• Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
• Prepare reports that include the degree of risk involved in extending credit or lending money.
• Prepare a ratio trend and cash flow analyses and create projections.
• Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
• Draft models of credit information that predicts trends and patterns.
• Confer with credit association and other business representatives to exchange credit information.
• Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
• Generate financial ratios, using computer programs, to evaluate customers\' financial status.
• Review individual or commercial customer files to identify and select delinquent accounts for collection.
• Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
• Consult with customers to resolve complaints and verify financial and credit transactions.
• Carefully analyze data and produce clear and objective reports.
• Adequately assist the Head Accountant in handling the operation of the Accounting/Financial department, preparation of financial reports and yearly operating budget to aid management decision making and ensure compliance with regulatory standards. 
• Assist the Head Accountant in the reconciliation of bank account statements. 
• Assist the Head Accountant in the maintenance of accurate and up-to-date financial records and accounts for the company 
• Assist the Head Accountant in the maintenance of the fixed asset records and ensure proper accounting for fixed assets. 

Key Duties and Responsibilities: 

• Carry out general accounting record keeping of payables and receivables
• Preparation of monthly financial reports quarterly, half yearly and yearly financial and budgeting reports of the institute.
• Reversal and corrections of wrong postings and entries 
• Posting period Journals (Provisions, Accruals & salary Journals) 
• Assist the Head Accountant in the Review of Prepayment Schedule and post Recurring JVs on all Prepayment Balances. Ensure that new Prepayments are updated on Excel Prepayment Schedule. 
• Ensure that all previous provision & accrual are still relevant while those already settled are released. 
• Post recurring entries (each entity should have list of recurring entries 
• Assist the Head Accountant in the Preparation of SFP analysis (Vendor, Debtor age analysis & Related Party Transactions) 
• Assist the Head Accountant in the Preparation of balance sheet notes 
• Make accruals for all services received but not invoiced 
• Assist the Head Accountant in the Review & Reconcile Payroll Summary Report to the GL Accounts. 
• Assist the Head Accountant in the preparation and submission of Comments on the Net Income Statements for Review 
• Carry out all administrative duties in the account department, inclusive but not limited to bank runs, Fuel and stationary purchases, logistics and deliveries of official items, etc.
• Any other duties that may be assigned. 

Salary: N100,000.00 – N150,000.00

We expect applications and CVs to come from applicants living in any of these areas in Lagos: Lagos Island, Ikoyi, Victoria Island, Lekki and Ajah axis.