Accountant at Petromech Engineering United Limited

Job Summary

• We are seeking an experienced and detail-oriented Accountant to manage the accounting, financial reporting, and tax compliance of our factory and workshop operations.
• The successful candidate must have comprehensive knowledge of Nigerian accounting practices and tax requirements, with the ability to independently manage daily accounts, prepare tax returns, and produce accurate financial reports.

Key Responsibilities
 Accounting and Financial Reporting:

• Maintain complete and accurate accounting records, including the general ledger, accounts payable, accounts receivable, and supporting documents.
• Manage monthly and year-end closing processes and prepare financial statements, including profit and loss accounts, balance sheets, cash flow statements, and supporting schedules.
• Prepare annual financial statements in accordance with applicable financial reporting standards and coordinate with external auditors for statutory audits.
• Prepare management reports covering financial performance, expenses, outstanding receivables, liabilities, and cash flow.
• Perform regular bank, cash, supplier, customer, and intercompany reconciliations.
• Maintain accurate records of NGN and foreign-currency transactions and account for exchange differences.

Tax and Statutory Compliance:

• Calculate, prepare, and submit applicable monthly tax returns, including VAT, Withholding Tax (WHT), and PAYE, and arrange timely remittance through the company’s approval process.
• Prepare annual company income tax computations and returns, annual employer returns, and applicable development levy calculations.
• Maintain a compliance calendar covering all relevant federal and state tax filings, payments, and statutory obligations.
• Reconcile tax accounts, track WHT credits, and maintain evidence of tax deductions, filings, and payments.
• Handle tax clearance applications and liaise with the Nigeria Revenue Service, Kaduna State Internal Revenue Service, and other relevant authorities.
• Support tax audits, respond to tax queries, and resolve discrepancies with appropriate documentation.
• Keep up to date with Nigerian tax reforms and implement applicable changes in accounting and payroll procedures.
• Manage applicable pension and other statutory payroll remittances in coordination with HR.

Expense Control and Operational Accounting:

• Monitor daily expenditure, petty cash, employee advances, reimbursements, and payment requests.
• Verify invoices and supporting documents and ensure payments follow approved budgets and authorisation procedures.
• Track supplier balances, customer collections, and overdue payments.
• Prepare budgets and cash flow forecasts, analyse variances, and report unusual or excessive expenditure.
• Monitor production and project costs, including materials, labour, overheads, freight, and import-related costs.
• Reconcile inventory records with the warehouse team and support stock counts and inventory valuation.
• Maintain the fixed asset register and calculate depreciation.
• Strengthen internal controls, maintain an organised audit trail, and promptly report financial irregularities.

Requirements

• Bachelor’s degree or HND in Accounting, Finance, or a related discipline.
• Minimum 5 years of relevant accounting experience in Nigeria, preferably in manufacturing, engineering, construction, or industrial operations.
• Comprehensive knowledge of Nigerian tax legislation, current tax reforms, and federal and state compliance requirements.
• Proven practical experience preparing and submitting monthly and annual tax returns.
• Ability to independently prepare financial statements and manage accounts through to year-end.
• Strong computer skills and proficiency in Microsoft Office, particularly advanced Excel.
• Hands-on experience with ERP and accounting software; experience.
• Practical knowledge of electronic tax filing and payment platforms.
• Strong understanding of payroll, inventory accounting, cost control, and bank reconciliations.
• ICAN, ACCA, or ANAN professional qualification is an advantage.
• High standards of accuracy, integrity, confidentiality, and accountability.
• Ability to meet deadlines and communicate financial information clearly to management.