Accountant at Institute of Credit Administration

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
2 years ago

Additional Details

Job ID
75786
Job Views
99

Job Description



Job Summary



  • Adequately handle the account department, Prepare financial reports to aid management decision making and ensure compliance with regulatory standards.

  • Oversee reconciliation of bank account statements.

  • Maintain accurate and up-to-date financial records and accounts for the company

  • Oversee the maintenance of the fixed asset records and ensure proper accounting for fixed assets.


Key Duties And Responsibilities :



  • Preparation of monthly financial reports

  • Provide supervisory roles to all Finance team members

  • Reversal and corrections of wrong postings and entries

  • Posting period Journals (Provisions, Accruals & salary Journals)

  • Post lifting bonus Accrued for the Month - while approval process is on. And posting actual bonus and rebate approved

  • Review Prepayment Schedule and post Recurring JVs on all Prepayment Balances. Ensure that new Prepayments are updated on Excel Prepayment Schedule.

  • Ensure that all previous provision & accrual are still relevant while those already settled are released.

  • Post recurring entries (each entity should have list of recurring entries

  • Prepare SFP analysis (Vendor, Debtor age analysis & Related Party Transactions)

  • Preparation of balance sheet notes

  • Any other duties that may be assigned

  • Review of accounts in general looking out for reasonableness of figures produced by the system (SAP)

  • Make accruals for all services received but not invoiced

  • Review & Reconcile Payroll Summary Report to the GL Accounts.

  • Prepare & Submit Comments on the Net Income Statements for Review

  • Any other duties that may be assigned.


REQUIREMENTS:


Education & Experience:



  • Bachelor’s degree or its equivalent in Accounting, Finance, Economics or other related discipline.

  • Working knowledge/ experience in the use of financial systems including SAGE, TALLY, SAP, etc.

  • Relevant professional certification (e.g. ACA, ACCA, CIMA,)

  • Minimum of Seven (7) years relevant work experience.

  • Good understanding of micro and macroeconomic indices and their impact on the cement business.

  • Intermediate to advanced knowledge of FIRS, finance best practices and other applicable reporting and accounting standards.


Skills & Competence



  • Good understanding of trends, challenges, opportunities, regulations and legislations relating to the cement manufacturing industry.

  • Proven experience in planning, budgeting and forecasting activities.

  • Very sound business acumen – financial and commercial knowledge.

  • Strong communication and presentation skills.


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