This role manages and tracks receivables, ensuring timely invoicing and collection as well as monthly reconciliations, addressing discrepancies, and preparing reports for management.
Job Details
Maintains records of all payables and ensures payments are processed accordingly
Maintains accounting ledgers for vendors and ensures accuracy and completeness
Manages Account payables and provides support to the Engineering team at large
Performs monthly inventory spot check, quarterly inventory reconciliation, review and manage inventory standalone issuance & receipt, inventory adjustments and follow-up on closure of open items
Takes commercial responsibility for project analysis by liaising with project managers to optimize project spending
Prompt processing of vendors' payment for goods and services rendered
Weekly & Monthly reporting of company's payables with Manager
Files approved purchase orders attaching the supporting document
Assist with the annual inventory count
Compute, upload and remit WHT
Review, upload, remit and file the monthly PAYE, VAT on the FIRS portal
Update prepayment schedule, calculate and upload monthly prepaid expenses on the ERP
Update the Fixed asset schedule, calculate and upload monthly prepaid expenses on the ERP Review the inventory WIP, Raw materials and WIP to ensure accuracy of data
Assist with client invoicing and other accounts receivable items
Compute, reconcile and update the finance charge expenses on the ERP
Liaise with external auditor for statutory audits
Review the Journal posting batch to ensure transactions have been posted correctly
Assist with the review of tax obligation and other tax related activities
Assist with the processing of pioneer status, their financial projection, and prepare their reports for audit and tax purpose
Assist with the preparation of management accounts
Review and update the vendor's deposit GL / account at intervals
Periodic review of the WHT claimable and assist with WHT related matters
Prepare the loan amortization schedule
Requirements
Bachelor's Degree (B.Sc./B.Eng./HND) in Accounting, Finance, Economics, or a related discipline.
ICAN, ACCA, or ACA qualification (or progress toward certification) is an added advantage.
Experience in a manufacturing or engineering environment is an added advantage.
4 - 6 years' experience in Accounts Payable, Inventory Accounting, and Financial Accounting.
Experience within a manufacturing, engineering, or FMCG environment is an added advantage.
Experience using ERP systems is highly desirable.
Strong understanding of tax obligations, accounts receivable management, and compliance
Strong ability to manage and maintain accurate records of payables, ensuring timely processing and reconciliation
Proficient in maintaining accounting ledgers for vendors, managing relationships, and ensuring payment accuracy
Skilled in performing inventory checks, reconciliations, and managing inventory adjustments and open items
Ability to liaise with project managers and take commercial responsibility for optimizing project expenditures
In-depth understanding of tax obligations, including WHT, PAYE, and VAT, ensuring accurate computation and remittance
Competent in using ERP systems for updating prepayment schedules, fixed asset schedules, and inventory data
Experienced in assisting with statutory audits and ensuring compliance with external auditing requirements
Strong capability in preparing management accounts, financial projections, and weekly/monthly reports
Meticulous in reviewing journal postings, purchase orders, and financial records to ensure accuracy
Effective in working with cross-functional teams, including project managers, the engineering team, and external auditors