Head of Domestic Operations and Fund Transfer at Lotus Capital Limited

Job Description

• Reporting to: Finance Manager
• Responsible for: Accounts payable, Accounts receivable, Financial instruments, Fixed Asset schedule, Reconciliation, Financial & regulatory reporting.

Responsibilities

• Active and spontaneous management of the company's liquidity position and assets
• Adequate maintenance of account balances across all the bank and payment gateways
• Preparation of the bank reconciliation statements
• Management of the fixed asset register
• Management of Investee and receivable accounts
• Management and reconciliation of payable accounts
• Preparation of inter-account transfers and cash movements
• Daily call-over of all the GL entries
• Preparation of all the company management accounts in concert with the Head of accounting & Reporting
• Remittance of all the relevant statutory deductions (WHT, CGT, Stamp duty, NSITF etc.)
• Filing of all the statutory returns
• Support the tax review process and audit exercises
• Preparation of all the relevant audit schedules for the annual financial audits
• Relationship management with the bank and other Financial Institutions
• Any other duties that may be assigned

Key Performance Goals/Targets

• Daily call-over of all the postings relating to banking operations
• Daily reconciliation of all the company’s operations bank accounts
• Weekly resolution of any discrepancy between the bank and ledger balances
• Weekly submission of all the reconciled schedule of financial instruments.
• Weekly reconciliation of other accounts relating to the company e.g payables, VAT, WHT, NSITF etc
• Prompt and accurate remittance of statutory deductions

Qualifications

• BSC / HND Accounting (Chartered Accountant is an added advantage)
• 5-6 years post-NYSC experience

Skills:

• Good written and oral communication skills
• Analytical, reasoning and problem-solving skills
• Proactive, enthusiasm, energy and commitment
• High standard of ethics and integrity
• Tenacity, speed and accuracy
• Excellent customer relationship etiquette
• Excellent time management skills
• Result-driven with the ability to make things happen.

Job Dimensions:

• Proper and correct posting of transactions.
• Financial and regulatory reporting
• Account reconciliation
• Revenues assurances
• Payment to Service providers
• Statutory remittances

Key Interfaces:

• Fund Accounting Team
• Structured Finance Team
• Investment & Research Team
• HR and Administration Team
• Tax Consultants and Auditor
• Regulatory Authorities – FIRS, LIRS, SEC, PENCOM, NSE, FRCN
• Bank and other financial institutions.