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Full Time |
Lagos Ogun |
Posted 2 months ago |
We are recruiting to fill the position below:
Job Title: Treasury and Finance Accountant
Locations: Lagos and Ogun
Employment Type: Full-time
Job Summary
- As the Treasury and Finance Accountant, you will be responsible for managing banking communications, handling loans and related transactions, providing financial reports, and building financial models and budgets.
- Your role is crucial in tracking funds, preparing cash flow and investment reports, and supporting fundraising efforts.
Key Responsibilities
Management of Company Bank Account:
- Ensure the efficient management of company’s bank accounts.
- Oversee the company’s banking operations, ensuring all funds are appropriately banked.
- Carry out Bank Reconciliation Statements for all transactions.
- Ensure conformity of company bank accounts with IFR Standards, reconciling bank statements against the GL, and clearing accounts.
Cash and Cashflow Management:
- Collate approved payments, prepare daily, weekly, and monthly Cash Plans for management decision-making.
- Communicate Cash Plans to relevant units to manage communication with vendors and stakeholders.
- Manage the company’s cash management system and payment mechanisms.
Loan Management:
- Document all loan details and covenants to ensure compliance with conditions and repayment schedules.
- Maintain loan schedules, capturing principal repayments and accrued interest.
- Create cashflow plans to ensure loan amounts are set aside at least one month before due dates.
- Conduct interest and debt analysis, providing relevant information and reports.
Budgeting:
- Collate and prepare annual budgets based on unit requests.
- Use budgets to prepare a dynamic Cash Flow Plan, updating it weekly, monthly, and as events change budget details.
Financial Modelling:
- Prepare financial models in line with company objectives using real data from treasury operations.
Receivables and NXPs:
- Manage all receivables and ensure proper reconciliation using Excel and Odoo ERP.
- Prepare NXPs and follow through the shipment process, ensuring proper inflow matching to close out balances.
- Keep track of NXP dates and statuses, extending dates with banks when necessary.
Regulatory Compliance:
- Ensure treasury regulations comply with established standards.
- Oversee robust and efficient tax planning and filing with relevant bodies.
- Follow up on financial proceedings, ensuring tasks are completed on schedule.
- Maintain confidentiality and adhere to local, state, and federal financial laws and regulations.
- Manage all financial records, spreadsheets, and registers.
Reporting:
- Prepare Weekly and Monthly Bank Reconciliation.
- Develop Daily, Weekly, and Monthly Cash Plans.
- Track cash advances.
- Maintain Loan Repayment Schedules.
- Create Loan Profitability Reports.
- Continuously update Cashflow to reflect current realities.
What We Are Looking For:
Experience and Qualifications:
- 5 years of work experience in a similar role.
- Solid understanding of basic accounting principles, finance, budget planning, cashflow, and record keeping.
- Strong understanding of finance (CFA Certification is an advantage).
- Hands-on experience with spreadsheets and accounting software (Odoo ERP).
- Proven ability to calculate, post, and manage accounting figures and financial records.
- Excellent organizational skills for documentation and record-keeping.
- Exceptional ability to communicate complex financial information.
- Problem-solving and critical-thinking skills.
- Strong verbal and visual financial reporting skills.
- High ethical standards and trustworthiness.
Salary
N300,000 – N500,000 Monthly.
Application Closing Date
24th July, 2024.
HOW TO APPLY
Interested and qualified candidates should send their Applications to: [email protected] using the Job Title as the subject of the email.
Deadline: July 24, 2024
Job Features
Job Category | Financial Accountant |