• Application Deadline: Wed, 14 Aug 2024 00:00:00 GMT
• Position: Accountant


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 - 7 years


• Location Ogun


• Job Field Finance / Accounting / Audit 
  


• Salary Range ₦150,000 - ₦200,000/month
  

Job Summary:

The Head of Accounts is responsible for overseeing the entire accounting department, ensuring the accuracy and integrity of financial records, and managing the financial reporting processes. The role requires a strategic approach to managing the company’s financial resources, including overseeing daily sales tracking, cash management, inventory control, and financial reconciliations.

Key Responsibilities:

1. 
   

   Strategic Financial Oversight:

   
   
   
   
   • Lead and supervise the accounting team in tracking every service rendered and product sales daily, ensuring that all financial transactions are accurately recorded and reported.
   
   
   • Develop and implement financial policies and procedures to ensure effective financial management and compliance with regulatory requirements.
   
   
   
   


2. 
   

   Financial Planning and Analysis:

   
   
   
   
   • Monitor and maintain the approved funds limit for petty expenses, ensuring that the operational needs of the business are met without exceeding budgetary constraints.
   
   
   • Provide strategic insights and recommendations based on financial analysis to support business decision-making.
   
   
   
   


3. 
   

   Inventory and Store Management:

   
   
   
   
   • Oversee the management of the mini warehouse/store, ensuring that inventory levels are optimized for the timely supply of finished products to meet customer orders.
   
   
   • Implement inventory control systems to minimize waste, prevent stockouts, and ensure accurate reporting of inventory levels.
   
   
   
   


4. 
   

   Expense Management and Control:

   
   
   
   
   • Supervise the preparation of group expense requisitions for fund disbursement, ensuring all expenditures are justified, approved, and within budget.
   
   
   • Ensure that all expenses are accurately captured, tracked, and reflected in the individual expense ledgers, providing clear visibility of financial outflows.
   
   
   
   


5. 
   

   Accounts Receivable and Payable Management:

   
   
   
   
   • Ensure customer accounts are consistently updated, and outstanding balances are closely monitored to prevent overdue payments.
   
   
   • Develop strategies to improve cash flow by optimizing the accounts receivable process and reducing payment delays.
   
   
   
   


6. 
   

   Reconciliation and Reporting:

   
   
   
   
   • Oversee the timely reconciliation of POS payments and ensure that all remittances are accurately reflected in the designated bank accounts.
   
   
   • Prepare and review bank reconciliation statements and financial reports, ensuring they are accurate, comprehensive, and submitted on time.
   
   
   
   


7. 
   

   Team Leadership and Development:

   
   
   
   
   • Lead, mentor, and develop the accounting team, fostering a culture of continuous improvement, accountability, and professional growth.
   
   
   • Conduct regular performance reviews, providing feedback and setting objectives aligned with the company's financial goals.
   
   
   
   


8. 
   

   Compliance and Audit Management:

   
   
   
   
   • Ensure full compliance with all financial regulations and internal policies, minimizing the risk of financial discrepancies and legal issues.
   
   
   • Coordinate internal and external audits, ensuring that all necessary documentation and information are provided accurately and promptly.
   
   
   
   

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.


• Professional accounting qualification (e.g., ACA, ACCA, CPA) is preferred.


• Minimum of 5 years of experience in a senior accounting role, preferably within the FMCG sector.


• Extensive knowledge of accounting principles, financial reporting, and regulatory compliance.


• Proficiency in advanced accounting software and Microsoft Office Suite.


• Strong leadership skills with the ability to manage and develop a high-performing team.

Key Competencies:

• Strategic thinking with a strong business acumen.


• Excellent communication, negotiation, and interpersonal skills.


• High level of integrity, with a commitment to ethical financial practices.


• Ability to manage multiple priorities and work under pressure.


• Strong analytical skills and attention to detail.