Finance Officer at Owens and Xley

Location: Lekki, Lagos

Job Description

• In this role, you will be responsible for cash flow management, monitoring income and expenditure, as well as reviewing account reconciliations.
• You will also maintain financial records, ensure data accuracy, and the entry of all transactions on the accounting software.

Duties & Responsibilities

• Prepare and process transactions in accordance with statutory regulations and company’s policies and procedures.
• Prepare monthly financial reports to show profit and loss, cash flow, and balance sheet.
• Work with the Creative Director in the preparation and planning of budgets for the production of ready-to-wear, couture and bespoke bridal garments.
• Provide budget data and report on budget performance
• Recommend cost management initiatives and assist with the development of business strategies by preparing financial forecasts.
• Maintain records and receipts for daily transactions.
• Ensure financial records are up-to-date with the latest transactions and changes.
• Perform periodic financial analysis to detect and resolve discrepancies.
• Monitor cash transactions and make arrangements for cash to be deposited at the bank on a daily or weekly basis.
• Conduct a review of sales and revenue and reconcile accounts monthly.
• Prepare the monthly payroll schedule and employees’ pay stubs to indicate deductions (statutory and penalties), reimbursements, bonuses or any other allowances.
• Process the remittance of monthly taxes as well as pension deductions and ensure that invoices from HMO providers are processed.

Administration:

• Review inventory, purchases and reports submitted by Inventory / Logistics Officer.
• Manage office supplies and make requisitions when stock level is low.
• Supervise the store assistant and ensure that the studio is kept clean at all times
• Investigate and resolve or escalate customer complaints regarding product quality, service, or delivery
• Perform other tasks as assigned.

Requirements

• Bachelor’s Degree / HND in Finance, Accounting or a related field.
• Relevant professional accounting qualification.
• ACCA is a plus (minimum of student membership).

Experience:

• A minimum experience of 3 years in a similar role.

Salary
N80,000 - N120,000 Monthly.

Interested and qualified candidates should send their CV to: recruitment@owensxley.com using the Job Title as the subject of the mail.