• Application Deadline:
• Position: Account Officer



• Job Type Full Time



• Qualification BA/BSc/HND , OND



• Experience 1 year



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

Role Overview

• This role is responsible for executing core finance operations within the cooperative division, with a primary focus on managing member contributions, loan disbursements, reconciliations, and statutory reporting.


• The Account Officer is expected to bring financial discipline, transparency, and process efficiency to cooperative transactions while supporting strategic growth through reliable data and controls.

Key Responsibilities

• Maintain accurate financial records for all cooperative transactions, including member savings, loan balances, and interest computations.


• Process loan applications, disbursements, and deductions in line with cooperative policies and repayment plans.


• Monitor monthly contributions, reconcile discrepancies, and prepare reports on delinquent accounts.


• Generate periodic financial statements, cash flow projections, and member balance summaries for executive review.


• Handle all bank reconciliations, ensure prompt transaction postings, and manage third-party cooperative accounts.


• Prepare and file statutory remittances(e.g., WHT, VAT, PAYE) as may apply to cooperative operations.


• Collaborate with HR/payroll to automate deductions and ensure accurate staff savings/loan remittances.


• Provide support during internal and external audits, ensuring full compliance with cooperative finance regulations and internal controls.


• Recommend process improvements to drive operational efficiency and risk reduction in cooperative finance administration.

Requirements

• OND / HND / B.Sc Degree in Accounting, Finance, or related field.


• At least 1 year of relevant accounting experience, preferably in a cooperative, microfinance, or similar financial structure.


• Strong proficiency in financial reporting, cooperative loan accounting, and member-based transactions.


• Familiarity with cooperative finance laws, auditing principles, and member equity tracking.


• Experience using accounting tools such as QuickBooks, Excel, or dedicated cooperative accounting software.


• Strong ethics, confidentiality, and precision in data handling.

Key Competencies:

• Cooperative finance management


• Loan ledger reconciliation & interest calculations


• Contribution tracking & delinquency reporting


• Cashflow planning & financial controls


• Analytical reporting & data accuracy


• Audit readiness & regulatory compliance


• Stakeholder communication and record integrity