Senior Finance & Accounts Officer

A reputable IT company is recruiting suitably qualified candidates to fill the position below:

Job Title: Senior Finance & Accounts Officer

Location: Lekki Phase 1, Lagos

Employment Type: Full-time

Job Summary

Senior Accounts Officer will aid business planning and decision-making by providing appropriate financial advice and undertaking related finance and accounts administration.

Responsibilities

Coordinate financial planning, budgeting, procurement and investment activities for the company and its subsidiaries. Collaborate with Unit Heads to prepare annual financial budget, including operating and capital expenditure budgets for the company. Ensures approved capital expenditure budgets are always adhered to. Implement, direct, and evaluate performance of operating budget periodically to ensure it is consistently profitable. Advice management monthly and ensure compliance on income and planned expenditure policies. Ensure monthly preparation and reporting of management account, showing actual revenue projected, balance sheet reconciliation, business performance analysis and financial recommendation. Manage the entire payroll process of the company including seamless computation of staff salary in line with the existing regulations. Institute and implement cost-saving strategies that will ensure reduction in operational expenses and present a monthly cost-saving report to the MD. Maintain and update withholding tax deduction registers for the company and its subsidiaries regularly. Ensure compliance and prepare all statutory returns. Ensure compliance with all statutory and audit requirements at all times. Ensure certificates for statutory payment made (Company tax, Land Use Charge, VAT, Education Tax etc.) are properly documented for easy retrieval. Develop and institute an internal control/accounting policy that will greatly reduce cost, financial leakages, and wastages. Establish and implement effective, accurate procedures for custody and control of assets, records, and securities of the company. Ensure safekeeping and easy retrieval of all financial records as at when needed. Analyze financial data for deficient controls, duplicated efforts, extravagance, fraud or non-compliance with laws, regulations, and management policies. Ensure all noted errors are immediately reported to the MD. Conduct a monthly review and reconciliation of inter-company accounts, including reconciliation of all ledgers and sub-ledgers. Take remedial action to correct noted inconsistencies or refer same to the MD. Identify and implement approved continuous improvement strategies for the company’s financial policies and procedures to further strengthen and improve the company’s overall operation and effectiveness. Supervise daily/weekly/monthly reconciliation of all bank accounts for the company and take proactive measures to address noted variance. Prepare and submit reconciliation report weekly and monthly to Management for review and necessary action. Relate with external auditors to ensure annual audited report is presented to the Management latest by 1st Quarter of the subsequent year. Communicate clearly and directly with assigned subordinates concerning performance expectations, productivity, and accountability. Ensure communication is ongoing, concise, and well understood. Identify training needs of subordinates and liaise with the HR Unit to implement agreed training schedules for all staff in the unit. Attend and facilitate training and other employee development programs as may be required.