Accountant at Adventure Capital Group

About the Role

• We are seeking a competent and experienced Accountant to join our team in the power sector. The ideal candidate will have a strong background in financial management, accounting operations, statutory compliance, and financial reporting, preferably within a power generation, energy, engineering, or industrial services company.

Job Summary

• The Accountant will be responsible for managing day-to-day accounting operations, maintaining accurate financial records, preparing financial reports, monitoring project and operational costs, and ensuring compliance with applicable accounting standards and tax regulations.
• The successful candidate must have at least five years of relevant accounting experience and a sound understanding of the financial and operational demands of the power sector.

Key Responsibilities
Financial Accounting and Reporting:

• Maintain accurate financial records, general ledgers, and supporting accounting schedules.
• Prepare monthly management accounts, financial statements, and periodic financial reports.
• Perform bank reconciliations, balance sheet reconciliations, and general ledger reviews.
• Analyse financial results, identify variances, and provide insights to support management decisions.
• Ensure proper documentation and classification of all financial transactions.

Cost and Project Accounting:

• Monitor operational expenditure, project costs, and departmental budgets.
• Track costs associated with equipment procurement, installation, maintenance, repairs, and technical services.
• Review project-related invoices, purchase orders, work orders, and payment requests for accuracy and proper authorisation.
• Analyse actual expenditure against budgets and investigate significant cost variances.
• Support costing, pricing, and profitability analysis for projects and service contracts.

Accounts Payable, Receivable and Cash Flow:

• Manage accounts payable and receivable, ensuring timely processing and settlement of approved transactions.
• Monitor customer invoices, outstanding balances, collections, and supplier payments.
• Prepare cash flow reports and support short- and medium-term cash flow forecasting.
• Verify invoices and supporting documents before processing payments.
• Maintain accurate records of customer and supplier accounts.

Tax and Statutory Compliance:

• Ensure timely computation, filing, and remittance of applicable taxes, including VAT, withholding tax, and PAYE, as relevant.
• Maintain accurate records of statutory deductions and payments.
• Support tax audits, financial audits, and regulatory reviews.
• Keep abreast of applicable Nigerian tax legislation and accounting requirements.

Budgeting, Internal Controls and Audit:

• Assist in preparing annual budgets, financial forecasts, and expenditure plans.
• Monitor adherence to approved budgets and internal financial policies.
• Identify financial control weaknesses and recommend appropriate improvements.
• Provide supporting schedules and documentation for internal and external audits.
• Ensure compliance with company policies, accounting standards, and approval procedures.

Inventory and Fixed Asset Management:

• Maintain accurate records of fixed assets, equipment, spare parts, and other inventory items.
• Support periodic stock counts and fixed asset verification exercises.
• Ensure appropriate accounting treatment for asset purchases, depreciation, disposals, and repairs.
• Reconcile physical inventory and asset records with the accounting system.

Requirements and Qualifications

• Bachelor’s Degree or HND in Accounting, Finance, or a related discipline.
• Minimum of five years’ relevant accounting experience, preferably in the power, energy, engineering, manufacturing, or industrial services sector.
• Must be a Chartered Accountant.
• Preferably female for gender balance.
• Practical experience in financial reporting, reconciliations, budgeting, cost control, and statutory compliance.
• Good understanding of project accounting, operational expenditure, fixed assets, and inventory management.
• Knowledge of Nigerian tax regulations and applicable financial reporting standards.
• Proficiency in Microsoft Excel and accounting software or ERP systems.
• Strong analytical, numerical, organisational, and problem-solving skills.
• High level of integrity, accuracy, confidentiality, and attention to detail.
• Ability to work independently, meet deadlines, and manage multiple priorities.

Required Skills and Competencies:

• Financial reporting and analysis.
• Cost accounting and budget monitoring.
• Project cost control.
• Tax and statutory compliance.
• Accounts payable and receivable management.
• Cash flow forecasting.
• Inventory and fixed asset accounting.
• Internal controls and audit support.
• Advanced Excel and accounting systems.
• Effective communication and stakeholder management.