Senior Account Officer

Eye Foundation Hospital (Operated by Summit Healthcare Hospital Ltd) is the leading eye care hospital in Nigeria with a vision to eliminate avoidable blindness in Nigeria and Africa. For over three decades, we have been at the forefront of delivering excellent and quality eye care through a network of primary, secondary, and tertiary eye care centers across Nigeria. We are a one-stop-shop for eye care with a wide range of comprehensive services of international standards offered by well-trained professionals with state-of-the-art equipment and environment. Renowned for our unwavering dedication and commitment to quality, we take pride in our esteemed reputation as a trusted and reputable healthcare institution.

We are recruiting to fill the position below: Job Title: Senior Account Officer Location: Ikeja, Lagos Employment Type: Full-time Reports To: Chief Finance Officer

Career Objectives

The main focus of this role is to ensure that there is smooth running of treasury operational activities in terms of receipts, payments, feedbacks and that financial data are total and accurate to facilitate readily available and timely financial reporting.

The Account Officer is to manage relationships and all correspondence with banks and prepare books of account.

Manage relationships with financial service providers and maintain contacts of all bank account managers;

Daily lodgment and withdrawal of sales and other cash into the designated company’s bank accounts;

Weekly preparation of sales schedule by location/branch;

Raise Payment Vouchers (PV) for all approved requisition memos and also ensure that PVs are appropriately and correctly prepared, including vendors' ledgers, before any payment is made, whether payment via cheques or electronic transfers in all currencies;

Review and check all written Payment Vouchers (PV). This entails that before PVs are taken to signatories, the Account Officer MUST check the adequacy of authorization and approval of expenditure memos, check the payment terms, and ensure compliance with the agreed/approved mode of payment;

Prepare daily bank position and weekly treasury report including reconciliation of previous week treasury actual versus budget, statement showing variance and statement of cashflow projections for the week. This report must be prepared and submitted to the CFO by 10 am every day and the first working day of the week;

Update and consolidate loan schedule showing financing obligations for the month and quarter. This includes monitoring liquidity plans to ensure that obligations are met as and when due and raising all necessary payment vouchers to book loan principal and interest repayment;

Execute all Form M, raise Letter of Credit instructions to the initiating bank and monitor LC to ensure efficient negotiation of terms and timely transmission. This role also includes follow-up with the issuing bank for collection of LC telex copies and forwarding the same to the Suppliers/Vendors and the receiving banks;

Daily posting of Payment Vouchers into respective General Ledgers on Sage;

Preparation of Bank Reconciliation Statement (BRS) using the weekly treasury report that contains bank reconciliation statement week-on-week to obtain end-of-month BRS;

Preparation of schedules of all employee-related statutory remittances. This includes obtaining the payroll schedule from the Human Resources department, showing details of statutory payables (i.e. PAYE and Pension) and extract details of due payment to prepare schedules for remittance;

Preparation of schedules of all taxes, i.e. Value Added Tax, Withholding Tax and preparation of all taxes filing documentation for remittances in compliance with every regulatory requirement;

Prepare monthly loan schedules showing obligations for the month and calculations of loan interest, COT, VAT on COT, ensuring that debits to all the bank accounts are as agreed with the banks. This also includes monitoring of the company's liquidity to ensure that funds are earmarked for fulfillment of due obligations;

Monitor, reconcile, and report on all accounts receivable and payables to ensure compliance with the company’s policy on receivables and payables and achieve an efficient cash cycle. This function must be done on a weekly and monthly basis to ensure that vendors’ ledger balances are accurate and tally with the actuals;

Collation of data for monthly preparation of expense control report and participation in the preparation of the monthly management accounts and Business Performance Report;

Collation of data for and participation in the preparation and review of the Company half-year and annual budget;

Preparation and monthly update of schedules for all prepayments and accruals, i.e. assets and liabilities. This function also includes raising journal vouchers to expense and amortize prepaid and accrued transactions;

Assist in coordination of annual external audit exercise;

Prepare a Step-by-Step listing of work processes. Please note that this is a critical function without which the Treasury Accountant will not qualify for any form of leave;

Any other ad hoc duties as prescribed by the CFO to assist in achieving Finance Department overall objectives;

Qualifications

A Degree in Accounting

A Certification in Accounting is an added advantage.

A minimum of 3 years of work experience in a similar role.

Skills and Competencies:

Analytical skills

Detail-oriented and organized

Computation skills

Strong Numerical Skills

Written and oral communication skills

Problem-solving skills.