Job Summary
The Accountant Officer plays a vital role in upholding the financial integrity of the organization by managing precise record-keeping, tracking all income and expenditures, and generating comprehensive financial reports. This position is essential for overseeing budgeting initiatives, ensuring strict adherence to tax regulations, and maintaining robust internal controls that foster accountability. The incumbent will also handle critical tasks such as bank reconciliations, managing accounts payable and receivable, assisting with payroll processing, and coordinating tax compliance to support sound financial stewardship.
Key Responsibilities
- Financial Documentation: Accurately record and organize all financial activities, including receipts, payments, invoices, expenses, and journal entries.
- Accounts Payable Management: Process vendor invoices, validate supporting documents, track payment due dates, and maintain up-to-date records of liabilities.
- Accounts Receivable Oversight: Generate customer invoices, monitor payment status, track outstanding balances, and actively pursue overdue accounts.
- Bank Reconciliation: Regularly match bank statements with internal accounting records and promptly investigate any discrepancies.
- Financial Reporting: Compile and present monthly, quarterly, and annual financial statements, including cash flow reports, income and expenditure summaries, and balance sheet schedules.
- Budgeting and Forecasting: Collaborate with leadership to develop budgets, track spending against allocations, and project future cash flow needs.
- Tax and Statutory Compliance: Manage tax documentation, prepare necessary schedules, and ensure timely filing and remittance of taxes in accordance with Nigerian regulations.
- Payroll Assistance: Partner with the Human Resources department to validate payroll data, verify employee payments, deductions, and approved benefits.
- Expense Control: Review employee expense claims, verify receipt authenticity, and confirm that all spending is authorized and within policy limits.
- Cash Flow Monitoring: Track liquidity movements, provide regular updates on cash status, and identify potential financial constraints.
- Internal Controls: Guarantee that all financial transactions are backed by proper documentation, approvals, and established procedural frameworks.
- Audit Preparation: Organize financial records, reconciliations, and supporting schedules to facilitate smooth internal or external audit processes.
- Asset and Inventory Tracking: Maintain accurate financial records regarding company assets, depreciation schedules, and inventory transactions.
- System Management: Utilize designated accounting software and spreadsheet tools to record data, generate reports, and enhance process accuracy.
- Strategic Advisory: Deliver financial analysis and data to guide management in decision-making, cost reduction, profitability assessment, and business planning.