Accountant
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Job summary
As an Accountant, your main objective is to keep a systematic record of financial transactions to help the company stay abreast of the day-to-day transactions in a systematic manner and their financial position at all times
Min Qualification:
HND
Experience Level:
Entry level
Experience Length:
1 year
Job descriptions & requirements
Responsibilities:
- Perform general accounting activities including preparation, maintenance and reconciliation of ledger accounts and financial statements such as balance sheets, profit and loss statements, cash flow statements, capital expenditure schedules and the production of management reports for the company.
- Tax reporting and inventory processing.
- Collect and analyze daily data, which is then used in the preparation of weekly and monthly estimates and budget and analysis for the company.
- Monitor collection of raw materials from store or warehouse.
- Monitor all departments procured items and monitor usage
- Prepare weekly cash flow statements, monitor and control all expenditure and cash flow
- Assist with the preparation of year-end accounts and statutory accounts
- Respond to all financial inquiries through gathering and interpretation data
- Follow up company's cash management and banking activities efficiently
- Provide financial advice and support including forecasting, budgeting and analysing variations from budget.
- Preparation of audit files including statutory accounts in accordance with legal requirements.
- Generate monthly results and implement monthly variance reporting
- Conduct regular market surveys and prepare the competitor’s analysis.
- Present weekly business report covering sales, equipments, competitor’s activities, and quality of products, opportunities, strength, weaknesses, threat and projections for the week ahead.
- Preparation of monthly nominal and payroll.
Requirements:
- Minimum HND/Bachelors Degree in Accounting
- 1 – 2 years Experience
- Accounting & Tax Management background
- Ability to use Accounting Software like QuickBooks etc
- Proficient use of computers
- Tech Savvy ability
Key Performance Indicators:
- Budget Variance: This measures actual performance to budgets or forecasts. This is also used to measure other financial metrics like revenue, expenses and profitability.
- Budget Variance = (actual results – budgeted amount)/budgeted amount.
- Operating Cash Flow: This KPI is used to assess if the company can pay routine or essential operating expenses. This cash flow is generated by the company’s core operations and it appears on the cash flow statement. A positive result means the company has sufficient funds.
- Operating cash flow = operating income + depreciation - taxes + change in working capital.
- Accounts Payable Turnover: This KPI is used to measure and understand the rate at which the company should pay the suppliers, vendors, and creditors.
- Account Payable Turnover = net credit purchases/average accounts payable for a period
- Accounts Receivable Turnover: This measures the rate at which to collect payments from customers.
- Account Receivable Turnover = net value of credit sales/accounts receivable for a period
Work Schedule: Monday – Sunday, 8am – 9pm
Remuneration: NGN 120,000 - 150,000
Location: Abuja
The Accountant reports directly to the Manager
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