Accountant at Wayfare Travels

Position Overview

• We are seeking a detail-oriented and proactive Accountant to manage the financial activities of our travel company.
• The accountant will be responsible for maintaining accurate financial records, handling client and vendor transactions, ensuring compliance with tax regulations, and providing insights into financial performance to support business decisions.
• This role requires experience in managing travel industry transactions, including ticketing, visas, hotel bookings, and incentive trips, where most funds are “pass-through” with service charges as revenue.

Key Responsibilities
Financial Management:

• Record and reconcile all daily financial transactions including client inflows, vendor payments, refunds, and service charges.
• Manage pass-through transactions versus service revenue to ensure accurate reporting.
• Track and reconcile petty cash, inter-account transfers, and staff expense claims.

Accounting & Reporting:

• Prepare monthly, quarterly, and annual financial statements (P&L, balance sheet, cash flow).
• Maintain updated general ledger and accurate chart of accounts suitable for a travel business.
• Support management with financial reports to evaluate profitability of packages, trips, and incentive programs.

Taxation & Compliance:

• Ensure timely remittance of statutory obligations (WHT, VAT, PAYE, CIT, etc.) in line with FIRS requirements.
• Maintain proper documentation for FIRS audits and other regulatory reviews.
• Prepare supporting schedules for auditors and tax consultants.

Budgeting & Forecasting:

• Support in preparing annual budgets and cash flow forecasts.
• Monitor company spending and advise management on cost-saving opportunities.

Client & Vendor Management:

• Track airline, hotel, and visa-related refunds and ensure proper classification as liabilities or revenue.
• Reconcile vendor invoices, credit notes, and payments.
• Assist in preparing financial justifications for incentive trips, corporate packages, and retail holidays.

Qualifications

• Bachelor’s degree in accounting, Finance, or related field.
• Professional certification in view (ICAN, ACCA, or equivalent) is an added advantage.
• Minimum of 1.5 years’ experience in accounting, preferably in the travel or service industry.
• Strong knowledge of Nigerian tax laws, accounting standards, and financial compliance.
• Proficiency in accounting software (e.g., QuickBooks, Sage, Zoho Books) and MS Excel.
• Strong analytical and problem-solving skills.
• Excellent organizational and communication skills.