Head of Accounts

Job description:
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