• Application Deadline: Mon, 1 Jul 2024 00:00:00 GMT
• Position: Accountant


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Main purpose / objective of the position:

As a Property Accountant, you'll play a pivotal role in ensuring that our finance department is a value-adding business partner, particularly for our Business Tenants, property management teams, and clients. Your primary objective will be to elevate Finance's influence in business decision-making by overseeing financial processes and reporting to clients. This role requires adherence to budget parameters, informed decision-making based on established policies, and collaboration with cross-functional teams.

Decision making authority:

Operating within budgetary constraints and established decision frameworks, you'll leverage your expertise in financial systems and theory to make informed decisions within prescribed policies and procedures. Additionally, you'll supervise or coordinate the work of lower-tiered employees.

Experience / Education:

A minimum qualification of a BCom with Accounting III or its equivalent, coupled with at least 2 years of relevant working experience, is required for this role.

Decision making authority:

Operating within budgetary constraints and established decision frameworks, you'll leverage your expertise in financial systems and theory to make informed decisions within prescribed policies and procedures. Additionally, you'll supervise or coordinate the work of lower-tiered employees.

Experience / Education:

A minimum qualification of a BCom with Accounting III or its equivalent, coupled with at least 2 years of relevant working experience, is required for this role.

Knowledge required:

In-depth knowledge of policies, property management accounting, capital expenditure, legal aspects, and taxation (including VAT) is necessary. Familiarity with GAAP and IFRS standards is also crucial.



Competencies required:

Excellent communication, analytical thinking, and problem-solving skills are paramount. You should thrive in high-pressure situations, build strong customer relationships, and collaborate effectively within teams. Financial acumen, accuracy, and a drive for productivity are also key competencies.

Major drivers of work volume:

Work volume may vary based on factors such as the number of tenants, buildings, clients, and the complexity of reporting needs

Interface / relationships with:

Internally, you'll collaborate closely with the Financial Manager, IT, Lease Administrator, Property Manager, Accounts Payable and Accounts Receivable teams, and other managers. Externally, you'll engage with clients, tenants, and suppliers.



Responsibilities:

• Financial Reporting: Provide management information and reports, communicate proactively with clients, handle ad hoc reporting needs, compile reconciliations, and address financial reporting queries.


• Audit Requirements: Manage queries on audit reports and prepare audit packs.


• Income Statement and Balance Sheet Control: Maintain general ledger accounts, perform monthly reconciliations, manage intercompany loan accounts and fixed asset registers, report on balance sheet and income statement, and update relevant financial systems.


• Monthly Management Meetings: Attend client meetings and provide feedback to management regarding these meetings.


• Review of Actuals: Verify expenses against project lists, ensure accuracy in income-related accounts, and investigate discrepancies in actual financial data.


• Management Fees & Commissions: Calculate and invoice management fees, review commissions for accuracy, and track commission payments.


• Debtors Management: Import bank statements, follow up on tenant payments, manage invoicing processes, oversee debt collection, and address tenant queries on accounts.


• TI & Letting Commission: Calculate and invoice TI and technical fees, and ensure timely collections.


• Creditor Management: Collate source documents, process payments, ensure compliance with legislative requirements, maintain creditor reconciliations, and manage creditor communication.


• Cash Management: Process payments, adhere to authorization limits, ensure compliance with procurement processes, prepare ad hoc payment requests, and reconcile cash flows and bank statements.


• Legal Compliance: Complete VAT reconciliations, prepare tax schedules, and resolve tax inconsistencies.


• Internal Liaison: Maintain regular communication with other departments, attend meetings as required, and keep management informed of significant issues.


• Financial Records: Ensure finance files are organized, marked clearly, and filed regularly, containing all relevant records, correspondence, and documents.