Chartered Accountant at Vennote Technologies Limited

Job Responsibilities

 Financial and Management Accounting

• To provide daily, weekly, monthly, quarterly and yearly financial information for management decision making at the appropriate time.
• Ensuring accounting information is properly recorded in compliance with IFRS and relevant accounting regulations and posted into the company’s general ledger.
• Preparing/supervising and reviewing schedules including the trial balance.
• Liaison between the external regulators and the Company in responding to queries and proffering resolutions.
• Preparation of regular financial planning reports; monthly profit and loss forecast, cash flow and variance analysis.
• Coordinate the development and monitoring of budgets.
• Develop financial business plans and forecasts.
• Managing the organizational overhead cost controlling process.
• Ensuring proper project cost controlling practices and performance reporting.
• Perform all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation.
• Implement financial and accounting systems, processes, tools and control systems.
• Delivering management accounting reports (cost of goods sold, profitability, cost center etc).
• Management of all Tax and pension matters.
• To ensure that all financial transactions are captured on SAP.
• To coordinate audit, manage and support all external audit activities.
• Develop and utilize forward-looking, predictive models and activity-based financial analysis to provide insight into the organization’s operations and business plans.

Treasury and Account Payables Management

• Management of the organizations bank accounts and banking relationships, ensuring that these relationships are of benefit to the organization.
• Management of the organizations cash flow planning and liquidity analysis.
• To assist in sourcing for funds for company projects.
• To provide a framework or basis for the review and control of expenditure.
• Ensure all requests for payments are accurate and properly approved.
• Review to ensure that supporting documentation accompanying payment requests are relevant, properly filed and easily retrievable.
• Follow up with banks to ensure payments are promptly processed.
• Review bank reconciliations periodically and all reconciling items posted in a timely manner. Unreconciled items are properly investigated and disposed.

Credit and Receivables Management

• Supervise all customer/client billings in line with contracts.
• Establishing and managing relationships with counterpart finance & procurement managers of our clients to guarantee smooth operations and that all receivables are collected within the time frame in which they fall due.
• Managing credit/risk exposure to all clients including credit risk analysis of potential sales opportunities.
• Driving collections process to ensure minimal overdue debt portfolio.

Regulatory Compliance

• Preparation and Provision of schedules and documentation during tax audit (FIRS, LIRS and other states).
• Filing of annual tax returns.
• Preparing and filing monthly schedule of WHT, VAT, PAYE and other taxes within regulatory timelines.
• Ensure all regulatory payments are settled when due [PAYE, CIT, Pension, WHT, VAT, Customs duties] etc.
• Ensure all WHT credit notes from customers are updated on Tax Pro Max.
• Compile database of contacts in tax units of the FIRS and relevant state tax offices.

Payroll

• Accurate payroll computation and pay run before the end of each month.
• Ensure GL is reconciled to payroll schedule every month and provide evidence.
• Maintaining payroll schedule.

Budget Preparation, Control and Variance Analysis

• Ensure preparation of annual budgets and quarterly forecasts.
• Ensure that all expenditure or request for payment are budgeted for.
• Ensure that actual costs are posted into the right account where they were budgeted for.

Person Specification:

• Minimum of 5 years relevant professional experience, at least 2 of which must be in supervisory position in a reputable business environment.
• Demonstrable sound finance function management ability.
• Experience in reviewing and developing accounting systems, processes, policies, and procedures are essential.
• High level of integrity and sound attention to detail.
• Patient and amiable.
• Proficient in MS office; MS Word/ PowerPoint/ Excel.
• Excellent verbal & Written Communication.
• A first degree from an accredited university.
• ACA/ACCA/CFA is a MUST.
• Very sound knowledge of IFRS knowledge is essential.
• Must be able to maintain strict confidentiality of business and office matters.