Accountant
Job summary
We are seeking a detail-oriented and experienced accountant to oversee the financial operations of our bakery. The successful candidate will be responsible for managing accounting records, financial reporting, inventory control, payroll administration, budgeting, tax compliance, cost accounting, and internal controls. This role is critical to ensuring accurate financial management, profitability, and efficient utilisation of company resources.
Job descriptions & requirements
- Maintain accurate and up-to-date accounting records.
- Record and monitor daily sales, purchases, expenses, and payments.
- Prepare weekly management accounts and financial reports
- Perform weekly bank reconciliations.
- Monitor and manage accounts receivable and accounts payable.
- Ensure compliance with established accounting policies and procedures.
- Monitor inventory levels of raw materials, including flour, sugar, yeast, butter, eggs, packaging materials, and other production inputs.
- Conduct regular weekly and monthly stock counts
- Investigate stock discrepancies, shortages, and variances.
- Track production yields and monitor wastage levels.
- Recommend measures to improve inventory efficiency and reduce losses.
- Calculate and maintain accurate production costs for all bakery products.
- Monitor product profitability and gross profit margins.
- Analyze fluctuations in raw material and operational costs.
- Provide recommendations on pricing strategies and cost optimization initiatives.
- Support management with financial insights for business decision-making.
- Verify and reconcile daily cash sales.
- Reconcile POS transactions with bank deposits.
- Monitor cash flow and ensure adequate liquidity for business operations.
- Prepare weekly cash flow forecasts and reports.
- Identify and report potential cash flow risks.
- Process employee salaries, wages, and related payments accurately and on time.
- Calculate overtime, deductions, statutory contributions, and other payroll adjustments.
- Maintain accurate payroll records.
- Ensure compliance with PAYE and other statutory payroll obligations.
- Prepare and file VAT returns in a timely manner.
- Manage PAYE, withholding tax, and other statutory deductions.
- Ensure compliance with all relevant tax regulations and reporting requirements.
- Liaise with tax authorities, external auditors, and regulatory bodies when necessary.
- Support annual audit processes and financial reviews.
- Prepare and present weekly reports covering:
- Revenue and sales performance
- Production and operating costs
- Gross profit and net profit analysis
- Cash flow and liquidity position
- Inventory status and stock variances
- Debtors and creditors analysis
- A minimum of a Higher National Diploma (HND) in accounting, finance, or a related discipline.
- Minimum of 3–5 years' accounting experience.
- Professional Certifications (Preferred)
- Institute of Chartered Accountants of Nigeria (ICAN)
- Association of National Accountants of Nigeria (ANAN)
- Previous experience in a bakery, food manufacturing, FMCG, or production environment is highly desirable.
- Financial Accounting and Reporting
- Cost Accounting and Analysis
- Inventory Accounting and Control
- Payroll Processing
- Tax Management and Compliance
- Advanced Microsoft Excel
- Accounting Software (QuickBooks, Sage 50, Odoo, or similar ERP systems)
- Strong analytical and problem-solving skills
- High attention to detail and accuracy
- Excellent organizational and time-management skills
- Strong integrity and confidentiality
- Effective communication and reporting skills
- Ability to work independently and meet deadlines
- Strong understanding of internal controls and financial best practices
Application Deadline: Applications closes in 2 weeks
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