Bank Accountant at Ascentech Services Limited

Reports To: Chief Accountant
Job Summary

• The Bank Accountant is responsible for maintaining accurate financial records, monitoring banking transactions, preparing reconciliations, and supporting financial reporting activities.
• This role ensures all banking-related accounting entries are properly recorded and comply with internal controls and regulatory requirements.

Responsibilities
Bank Reconciliation:

• Daily Transactions: Review and record daily bank transactions, including deposits, withdrawals, transfers, and journal entries.
• Reconciliation: Perform bank reconciliations, including matching bank charges and interest with internal records.
• Compliance: Ensure compliance with banking regulations and internal control policies.
• Prepare the documents required to request bank credit, follow up on credit activation after issuance, and review balances for letters of credit, letters of guarantee, and loans.
• Follow up on long-term loan balances, debit interest, loan repayment installments, bank account reconciliations, and prepare journal accounting entries for loans and accrued interest.
• Follow up, control, and review bank charges and commissions, ensuring they conform with concluded contracts; analyze findings and report to the direct manager.
• Review bank charges and commissions deducted from the company's current account and verify their accuracy according to the agreement with the bank.
• Initiate and register e-Form M on the Nigeria Single Window Trade Portal for all import transactions.
• Revalue open Accounts Payable (AP) and Accounts Receivable (AR) balances denominated in foreign currencies at month-end.
• Calculate and record unrealized foreign exchange gains or losses in the General Ledger.

Competence & Skills Required

• General accounting knowledge.
• Bachelor's Degree in Accounting, Finance, or a related field with 2–3 years experience
• Strong technical skills to analyze business transactions.
• Strong knowledge of accounting principles and bank reconciliation processes.
• Proficiency in Microsoft Excel and SAP.
• Solid accounting background.
• Strong attention to detail, analytical thinking, and communication skills.
• Good computer skills, including MS Windows, intermediate Excel and Word, basic PowerPoint, and SAP experience.