Head of Accounts
The Foundation
Accounting Operations
- Initiate all approved payments on banking portal.
- Prepare bank payment instruction for payments above the internet banking limit
- Prepare instruction for custom duty payment with required documents such as custom demand note, PAAR and Custom declaration
- Ensure timely and accurate reporting of accounting information system to strengthen efficiency.
- Ensure daily posting of all necessary ledgers of account accordingly
- Manage office cash and update transfer payments with supporting documents
- Disburse funds necessary for office operations e.g., transport and office supplies etc.
- Track and confirm payments from customers and any other bank activity
Expat Mobility Management
- Prepare invitation letter for visa application for international business partners and staff
- Assist with visa on arrival and airport clearance for international business partners
- Attend to all immigration issues
Budget Planning
- Assist in preparing annual budget by sourcing for information from all departments in the organization
- Monitor and analyze monthly operating results against budget and manage the preparation of management report of budget / actual revenues and expenses
Regulatory Compliance
- Prepare necessary document for NSIFT compliance certificate, follow-up to ensure certificate is issued
- Prepare necessary document for PENCOM compliance certificate, follow-up to ensure certificate is issued
- Prepare necessary document for ITF compliance certificate, follow-up to ensure certificate is issued
- Ensure annual payment is made to Financial Reporting Council of Nigeria
- Ensure regular remittance of pension deduction to PENCOM
- Ensure payment is made to Nigeria Nuclear Regulatory Authority as at when due
- Ensure registration of the company with Lagos State for tender publication information
- Attend to all issues with road transport regulators; LASTMA, FRSC & VIO
- Process Customs dues as required
- Comply with federal, state, and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
Tax Administration
- Follow -up with the Auditor for Tax Clearance Certificate (TCC)
- Ensure filing of annual employee’s returns to LIRS
- Attend tax and investigative audit exercise by Federal Inland Revenue Service (FIRS)
- Attend Tax audit exercise by Lagos Inland Revenue Service (LIRS)
- File for monthly VAT returns from the appropriate authority
Payroll Administration
- Prepare monthly payroll in collaboration with HR
- Prepare payee tax and pension commutation as guided by the Financial consultant
- Engage auditors to prepare them and finalize yearly payee audits within the stipulated time.
Financial Reporting
- Prepare monthly, quarterly and annual financial statements.
- Perform internal audit to substantiate financial statements and transactions.
- Monitor and report on any account discrepancies
- Ensure reports are in alignment with International Financial Reporting Standards (IFRS)
Internal Control
- Evaluate the efficacy of risk management processes in place.
- Make recommendations on how to improve internal controls. Identify loopholes and recommend risk-mitigating measures.
- Review of petty cash.
- Protect against fraud and theft of the organization’s assets.
- Call-over of postings by the collections team to assess correctness, promptness and completeness.
- Call-over of ledger postings by the Accounts department to ensure correctness and adherence to accounting principles and guidelines.
- Periodic risk assessment of internal processes in order to identify loopholes and proffering appropriate solutions.
- Conduct investigations into identified and reported cases of loss or theft.
Accounting Software (Odoo)
- Enter accounting records/information in the accounting software
- Generate reports from time to time form the software
Qualification & Experience
? A Bachelor’s degree in Accounting, Finance or a related field.
? Professional certification such as CFA, CPA, ACCA, CIMA
? Minimum of 10 years related experience
? Experience in the use of Accounting software
Job Type: Full time
To apply for this job email your details to info@eqoutsourcing.com