Financial Accountant at Iteka Integrated Services Limited (IISL)

Description

• We are seeking a young Chartered Accountant with appreciable experience in Account Payable, Finance Analytics and Data Analytics, to work with our team.
• As a Financial Accountant, you will play a crucial role in ensuring the financial health and compliance of our organization.
• You will be responsible for managing financial transactions, maintaining accurate records, collaborating with other departments to support the overall financial operations and providing strategic financial insights.

Job Summary

• Financial analysis, preparing financial statements, Budgeting and forecasting, financial reporting, Regulatory compliance, conducting internal audits, Audit support, managing balance sheets and profit/loss statements, liaising with external auditors, preparing accounts and tax returns, assessing risks and maintaining internal controls, Cash flow monitoring.

Key Responsibilities

• Maintain accurate and up-to-date financial records for the organization.
• Record daily financial transactions, including expenses, revenue, and bank deposits.
• Preparation and management of budgets to ensure efficient financial planning and control.
• Preparation of accurate and timely monthly, quarterly, and annual financial statements (e.g. Statement of Financial Position, Statement of Profit or Loss and Other Comprehensive Income, Statement of Cash Flows).
• Analyze financial data to identify trends, variances, and opportunities for cost savings or revenue generation.
• Ensure strict adherence to local accounting standards company policies, and relevant Nigerian regulatory requirements (e.g., FIRS, LIRS, CAC, NSITF, PENCOM).
• Prepare and submit accurate tax computations (e.g., Company Income Tax, Value Added Tax, Withholding Tax, Pay As You Earn) and ensure timely remittance to relevant authorities
• Assist in financial audits by providing relevant documentation and explanations to auditors.
• Prepare regular financial reports, including income statements, balance sheets, and cash flow statements, for management and stakeholders.
• Investigate and explain discrepancies between budgeted and actual financial performance.
• Handle payroll activities, including calculating salaries, deductions, and tax withholdings.
• Monitor and control expenses to ensure they align with the budget and company policies.
• Use historical data and financial trends to forecast future financial performance.
• Ensure compliance with accounting standards, laws, and regulations in financial reporting and transactions.
• Manage cash flow by monitoring accounts receivable and payable and optimizing cash reserves.
• Provide financial advice and recommendations to management for decision-making, such as investment opportunities or cost-saving strategies.

Qualifications

• Bachelor’s Degree in Accounting, Finance, or a related field (Second Class Upper/HND Upper Credit is a must) with relevant experience.
• Professional certification in accounting (e.g., ICAN, CPA, ACCA).

Required Skills:

• Accounting Software: Proven expertise in utilizing accounting software (e.g., QuickBooks, SAP, Oracle, Orion)
• Accounting Practices and Principles: Knowledge of sound accounting practices and principles
• Tax Laws and Regulations: Appreciable knowledge of tax laws and regulations
• Microsoft Office: Proficient in Microsoft Office Suite particularly MS Word, MS Excel, Power Point Presentation
• Financial Statement: Skills in data analysis, financial statement and preparation
• Attention to details, analytical thinking and good time management.
• Excellent Networking and Relationship Management.