Senior Accountant at Fembol Group

Position Summary

• The Senior Accountant will manage the full accounting cycle and ensure the accuracy, timeliness, and completeness of all financial transactions.
• The ideal candidate is a proactive professional with strong technical accounting skills, Account Payables and Receivables, Reconciliations, Fixed Asset Management, deep knowledge of Nigerian tax laws, and a solid grasp of International Financial Reporting Standards (IFRS).

Key Responsibilities
Payment Processing & Financial Transactions:

• Process daily payments accurately and on schedule.
• Verify and ensure proper documentation and authorization prior to payment.
• Administer monthly payroll and ensure accurate and timely salary disbursement

Accounting, Financial Posting & Fixed Asset Management:

• Record and post financial transactions using Sage 50 Accounting Software.
• Reconcile monthly postings and ensure accuracy of all entries.
• Manage depreciation of fixed assets and amortization of intangible assets in compliance with accounting standards.

Account Receivables & Financial Tracking:

• Prepare and issue accurate quotes to clients in a timely manner.
• Process duty payments efficiently and track financial transactions.
• Conduct Sage postings and ensure proper financial documentation.
• Support the accounts officer in raising payments and reconciling transactions.

Reconciliation & Compliance:

• Perform account reconciliations for all key balance sheet accounts (bank, AP, AR, Repayments)
• Perform monthly bank reconciliations to verify the accuracy of transactions.
• Reconcile all key ledger accounts and promptly resolve discrepancies.

Statutory & Tax Compliance:

• Prepare and remit statutory deductions including PAYE, VAT, WHT, and Pension in line with regulatory timelines.
• Ensure accurate processing and timely payment of customs duties for imports and exports.
• Maintain strict adherence to financial regulations and company policies.

Financial Reporting & Audit Support:

• Prepare monthly, quarterly, and annual management financial statements (P&L, Balance Sheet, Cash Flow).
• Prepare the company’s financial books and records for audit in compliance with FIRS requirements.
• Post journal entries, accruals, and adjustments to ensure completeness and proper cutoff.
• Support year-end audit processes and address audit queries promptly.
• Collaborate with the Head of Finance in financial planning, budgeting, and performance reporting.

Process Improvement:

• Identify and implement opportunities for improving financial processes and controls.
• Ensure continuous compliance and readiness for both internal and external audits.

Qualifications & Experience

• Bachelor’s degree in Accounting (minimum of Second Class Upper Division).
• Professional certification (ICAN, ACA) required.
• Experience handling tax audits with FIRS
• 4–5 years of progressive accounting experience.
• Proficiency in Sage 50 or similar accounting software.
• Demonstrated experience in financial statement preparation and month-end closing.

Key Competencies:

• Strong knowledge of accounts payable, receivable, reconciliations, accruals, and fixed asset management.
• Expertise in aging analysis and receivables follow-up.
• Knowledge of Goods-in-Transit (GIT) accounting is an advantage.
• Strong analytical and problem-solving skills.
• Excellent attention to detail, accuracy, and organizational skills.
• Sound understanding of IFRS and Nigerian tax regulations.