Finance Officer at Hamu Legal

Job Summary

• As a Finance Officer at Hamu Legal, you will be responsible for the day-to-day financial operations of the firm, ensuring accuracy, compliance, and efficiency in all accounting functions. 
• You will play a key role in maintaining financial records, processing transactions, managing cash flow, and ensuring that all financial obligations are met on time.

Responsibilities
Accounting and Bookkeeping:

• Oversee daily accounting operations, including accounts payable and receivable.
• Maintain up-to-date and accurate financial records.
• Generate and issue fee-notes, based on work assessment form shared and also ensure they are reviewed and approved by lawyers.
• Track and follow up on outstanding client payments, ensuring timely collection of receivables.
• Ensure lawyers regularly record their billable hours and meet billing deadlines for time-based transactions.

Financial Reporting

• Prepare and maintain financial reports, including income statements, balance sheets, and cash flow statements.
• Ensure compliance with accounting standards and regulatory requirements.
• Assist in monthly and annual financial closings, reconciling accounts as needed.

Budgeting and Cash Flow Management:

• Assist in the preparation and monitoring of budgets.
• Track expenditures and ensure financial activities align with the budget
• Monitor and manage cash flow to ensure the firm meets its financial obligations.

Tax and Compliance Management:

• Assist in tax filings and ensure timely remittance of statutory payments (VAT, PAYE, pension, etc.).
• Work closely with accounting partners, external auditors and tax consultants to ensure smooth financial audits.
• Stay updated on changes in tax laws and ensure compliance with relevant regulations.

Vendor and Expense Management:

• Process payments to vendors, and service providers, ensuring accuracy and proper documentation.
• Maintain vendor records and negotiate favorable payment terms where possible.

Payroll Administration:

• Process payroll, ensuring accurate salary calculations and timely disbursements.
• Ensure statutory deductions (e.g., pensions, taxes) are correctly applied and remitted.

Financial Controls and Process Improvement:

• Ensure financial policies and procedures are followed in daily operations.
• Identify areas for process improvement to enhance financial efficiency and transparency.
• Support in implementing internal controls to safeguard financial assets.

Team Collaboration:

• Work closely with other departments to support financial decision-making.
• Provide financial insights and reports to management when needed.
• Assist in training staff on financial policies and procedures as required.

Requirements

• Bachelor's Degree or Higher National Diploma in Finance or Accounting. A professional certification (e.g., ACCA, ICAN) is a plus.
• Proven experience in an accounting or finance role, preferably within a law firm or professional services setting.
• Strong understanding of accounting principles, financial reporting, and tax regulations.
• Proficiency in accounting software and Microsoft Office Suite, particularly Excel.
• Excellent organizational and analytical skills, with keen attention to detail.
• Ability to work independently, manage multiple tasks, and meet deadlines.
• Strong communication and interpersonal skills.
• Knowledge of Nigerian financial regulations and compliance requirements.