Accounts Officer at Framegidi Limited

Reports To: Operations Lead and Directors (Creative Director & Admin Director).

Job Overview

The Accounts Officer is responsible for maintaining the accuracy and integrity of the Company's financial records, processing financial transactions, supporting budgeting and financial reporting activities, ensuring compliance with statutory obligations, and providing reliable financial information to support management decision-making. The role requires a high level of integrity, attention to detail, and the ability to work collaboratively across departments to support the Company's financial and operational objectives.

Salary Range

Gross Annual Pay – N2,400,000 – N3,200,000.

Job Roles & Responsibilities

Financial Reporting    

• Assist in the preparation of monthly, quarterly and annual financial statements and management reports.
• Ensure financial records are accurate, complete and maintained in accordance with applicable accounting standards and company policies.

General Ledger Management

• Maintain the General Ledger and ensure all financial transactions are accurately recorded.
• Prepare journal entries and support month-end and year-end closing activities.

Budgeting and Forecasting

• Assist in the preparation of annual budgets and periodic financial forecasts.
• Analyse budget variances and provide relevant financial insights to management.

Reconciliations

• Perform regular bank reconciliations.
• Reconcile customer accounts, supplier statements and inventory records.
• Investigate and resolve reconciliation discrepancies promptly.

Accounts Payable & Receivable

• Process supplier invoices and ensure timely payments.
• Monitor customer receivables and follow up on outstanding balances.
• Maintain accurate accounts payable and receivable ledgers.

Payroll & Cash Management

• Support payroll preparation and verification.
• Maintain petty cash records and ensure proper documentation of all cash transactions.
• Assist in monitoring the Company's cash flow requirements.

Inventory & Asset Management    

• Maintain accurate inventory accounting records and perform periodic stock reconciliations.
• Maintain the Company's fixed asset register and record depreciation where applicable.

Regulatory Compliance

• Assist in ensuring compliance with all applicable statutory and regulatory requirements, including: VAT, WHT, PAYE, ITF, NSITF & Pension Contributions.
• Prepare supporting documentation required for statutory filings and regulatory inspections.

Audit & Assurance

• Coordinate and support internal and external audits.
• Prepare audit schedules and ensure timely submission of required documentation

Process Improvement    

• Identify opportunities to improve accounting processes, internal controls and reporting efficiency.
• Recommend and implement process improvements where appropriate.

Team Collaboration    

• Work closely with Operations, Production, Sales and other departments to provide financial support and business insights.
• Support management with financial information required for strategic and operational decision-making.

Other Duties    

• Perform any other duties that may be assigned by the Operations Lead or Directors.

Qualification & Experience

Education    

• Bachelor's Degree or Higher National Diploma (HND) in Accounting, Finance, Economics or a related discipline.
• Professional qualifications such as ACA, ACCA, ICAN ATS or equivalent will be an added advantage.

Experience    

• Minimum of three (3) years' experience in accounting, bookkeeping, accounts payable/receivable or a similar finance role.

Knowledge & Skills    

• Strong understanding of accounting principles, including debits, credits and double-entry bookkeeping.
• Strong analytical and numerical skills.
• Excellent attention to detail and accuracy.
• Excellent organisational and time management skills.
• Strong problem-solving and decision-making abilities.
• Ability to prioritise multiple assignments and meet deadlines.
• High level of integrity, confidentiality and professionalism.
• Excellent written and verbal communication skills.
• Ability to work independently with minimal supervision and collaboratively within a team.
• Advanced proficiency in Microsoft Excel and Google Sheets.
• Proficiency in accounting software such as Zoho Books or similar accounting systems.
• Ability to learn new financial systems and technology quickly.