• Application Deadline: Mon, 15 Aug 2022 00:00:00 GMT
• Position: Financial / GL Accountant


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Purpose

• To ensure efficiency and effectiveness of the Finance function of OFIL.

Principal Duties and Responsibilities

• Execution of financial accounting and administrative operations of the F&A department:


• Manage accounting for fixed assets acquisition, disposal and depreciation calculation policy in line with IFRS following SAP steps.


• Review and adjustment of posting to P & L


• Maintenance, posting and running of monthly accruals


• Review and adjustment to statement of financial position


• Recognize new fixed assets and reconcile with approved investment budget.


• Discuss with project teams and engineering department to conclude on capitalization of assets under construction.


• Justify fixed assets write-off proposal from requestors/dept. heads


• Coordinate with factory and others to make sure fixed assets are affixed with tags and identification numbers.


• Performing fixed assets physical count when due with fixed assets custodians.


• Monthly reconciliation of PPE general ledger to assets register


• Monitor inter-company transfer of fixed assets.


• Creation of Budget tree and Investment Order for cost accumulation


• Organize the physical count of fixed assets with the tax consultants for the purpose of obtaining a Certificate of Capital Acceptance from the Ministry of Industry


• Year-end account reconciliation.

Qualifications

• Interested candidates should possess a Bachelor's Degree


• A minimum of 5 years of work experience.

Competencies and Skills Required:

• Finance background


• Accounting including IFRS, SAP and Local GAAP


• Administration


• Monthly planning and control cycle, efficient working of Accounts Payable, Receivables, Property Plant & Equipment and General Ledger and ensure compliance with relevant laws and regulations and application of relevant accounting standards.


• Analytical Background Computer skills: MS Windows, including intermediate Excel and Word, and basic PowerPoint and Access; SAP (or the equivalent) experience.


• Experience working within the FMCG sector is highly required

Key Performance Indicator:

• Close SAP in line with the Group reporting timetable


• Clean audit opinion


• Conclude Annual report in line with the agreed timetable


• Accuracy and timeliness of reports as per deadlines.