Internal Auditor & Accountant at Joemarine Institute - NGK & Co Chartered Accountants

NGK & Co Chartered Accountants - Our client, Joemarine Institute, is a training institution situated in Warri, Delta State. They offer a bouquet of services that range from Education in Marine, Oil and Gas sector to Manning of Maritime crews and other fleet operations in the Maritime, Oil and Gas Industry.

They are recruiting to fill the positions below:

Job Titles: Internal Auditor & Accountant

Location: Effurun, Warri, Delta
Employment Type: Full-time
Reporting Line: Managing Director
Start Date: Immediate (from August 2024)
Contract Duration: Full-time, rolling / indefinite position, subject to performance

General Job Overview

• The Internal Auditor shall be accountable for the risk management operations of the company; responsible for the improvement, implementation and enforcing of an effective Internal control and operational strategy of the company; development and monitoring of control systems designed to preserve company assets, as well as report accurate financial results.
• Accountant shall be responsible for generating complete and up-to-date financial record of the operations of the institute; responsible for the development and implementation of an effective financial strategy of the company, budget control, tax management and bank relationship management.; development and execution of control systems designed to maximizing company efficiency results, as well as generate accurate financial report. The primary objective of this position is to oversee financial accounting

Key Responsibilities
Internal Auditor Key Deliverables:

• Effective control and management of all company assets and liabilities, enforce obtaining due approval of all agreements concerning financial obligations, such as contracts for procurements, assets, and other actions requiring a commitment of financial resources.
• Drive the attainment of overall company Risk management and mitigation
• Ensure that effective internal controls are in place and processes duly complied with
• Ongoing review and recommendations on the company's policies, procedures and transaction processes.
• Ensure that business operations are conducted in line with the standard operating procedures (SOP).
• Ensure financial discipline in all financial transactions and monitor compliance with necessary approval
• Organize internal audits and verify contracts for financial compliance.
• Analyse audit results to determine methods for increasing profits and decreasing unnecessary costs
• Make recommendations for the best ways for a company to avoid fraud and reduce waste
• Monthly review of all department operating procedures and transactions and report compliance or deviation promptly to management.
• Evaluate, appraise, manage issues in perspective and proffer sound advice to management.
• Review observations and ensuring regularization of transactions source documents entries and processing.

Accountant Key Deliverables:
Finance and Budget Control:

• Maintain the general ledger, promote sound financial management, and gather, record, and monitor financial data.
• Prepare monthly, quarterly, and annual financial statements.
• Develop and manage organizational and departmental budgets.
• Conduct risk analyses to assess potential investments.
• Monitor and report on accounting discrepancies.
• Initiate payroll meetings and prepare journals and payment files.
• Perform month-end and year-end close processes.
• Continuously enhance accounting systems.
• Liaise with external auditors to ensure timely completion of financial audits.
• Maintain a donor reporting roster and ensure all financial reports are presented as required.
• Prepare relevant financial reports for donors, meetings, or management needs.

Payment and Bank Relations:

• Manage cash flow to provide daily visibility of cash positions.
• Maintain payment schedules and ensure all approved obligations are paid.
• Review and post payments in Sage and banking platforms for approval in line with bank mandates.
• Maintain donor databases and manage drawdown requests.
• Ensure timely payroll payments and prepare monthly financial reports.
• Supervise monthly bank reconciliation processes and statements for approval.
• Maintain a good relationship with banks and ensure they perform their duties.

Tax and Regulatory Remittances:

• Ensure appropriate transaction taxes are deducted at source.
• Remit PAYE, NSITF, WHT, VAT, and other statutory deductions monthly.
• Ensure annual filing of tax, legal, and regulatory documents, including annual reports.
• Maintain zero-tax penalties for the organization.

General Key Qualifications

• Bachelor’s Degree in Accounting, Business Administration, Banking and Finance, or a related field. Master’s degree preferred.
• Chartered accountant certification is mandatory.
• Minimum of 5 years of experience in auditing or financial accounting, taxation, treasury management, budgeting, and reporting, preferably in the Maritime sector.
• Proficiency in financial management software, especially SAGE.
• Advanced proficiency in Microsoft Excel, including pivot tables, dashboards, and macros.

Key Attributes:

• Excellent analytical and problem-solving skills.
• Strong financial reporting skills.
• Excellent communication and interpersonal skills.
• Great attention to detail.
• Ability to manage multiple projects and work under pressure.
• Strong organizational skills, able to prioritize, plan, and meet tight timeframes.
• Ability to work independently and as a member of a team to coordinate and lead the efforts of other professionals to effectively meet program goals.
• Commitment to the organization’s mission and values.

Compensation & Benefits
Highly competitive, subject to credentials.

Application Closing Date
30th July, 2024.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Note: Only shortlisted candidates will be contacted for interviews.