Financial Accountant at The People Practice

The People Practice - Our client, an Online Store for construction materials, is recruiting to fill the position below:

Job Title: Financial Accountant

Location: Lagos
Employment Type: Full-time

Job Summary

• As a Financial Accountant, you will be responsible for managing the company’s financial records, ensuring accurate reporting, and compliance with tax regulations.
• This role involves analyzing financial data, preparing financial statements, managing budgets, and working closely with other departments to support the company's financial health.
• The ideal candidate must have experience in e-commerce and construction sectors, with a deep understanding of accounting principles and industry-specific regulations.

Responsibilities
Financial Reporting:

• Prepare accurate monthly, quarterly, and annual financial statements in accordance with accounting standards (IFRS, GAAP, etc.).
• Generate reports that reflect the company’s financial status, including balance sheets, income statements, and cash flow statements.
• Prepare management reports, providing insights and analysis for decision-making.

Budgeting and Forecasting:

• Collaborate with department heads to prepare and manage annual budgets.
• Monitor budget performance, providing variance analysis and recommending corrective actions.
• Assist in long-term financial planning, including financial forecasts and strategy formulation.

Accounts Management:

• Maintain accurate and up-to-date general ledger entries.
• Manage accounts payable and receivable processes, ensuring timely payment and collection.
• Oversee payroll processing, ensuring compliance with tax regulations and employment laws.

Tax Compliance and Audit:

• Ensure the company complies with all tax regulations, including VAT, sales tax, and corporate tax filings.
• Liaise with external auditors for the preparation of year-end financial statements and audits.
• Prepare tax filings and assist in resolving any tax-related issues.

Cash Flow Management:

• Monitor daily cash flow and make recommendations to optimize working capital.
• Ensure timely reconciliation of bank accounts and other financial statements.
• Manage investments and ensure efficient liquidity management.

Regulatory Compliance:

• Stay updated on changes in accounting standards, tax laws, and regulatory requirements.
• Ensure all financial activities comply with legal and internal policies, mitigating financial risks.

Systems and Process Improvement:

• Implement and manage accounting systems and software relevant to e-commerce and construction activities.
• Continuously assess and improve financial procedures and internal controls to enhance efficiency.
• Work with IT and other departments to integrate financial data with operational systems, ensuring real-time financial reporting.

Cost Management:

• Track project costs and provide regular reports on financial performance for construction projects.
• Analyze product and service pricing structures, ensuring the company remains competitive in the e-commerce sector.
• Identify areas for cost reduction and provide recommendations for improving profitability.

Collaboration & Support:

• Work closely with procurement, operations, and project management teams to align financial goals with business operations.
• Provide financial advice and support to department heads for decision-making on resource allocation, pricing strategies, and business investments.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field (CPA/ACCA/ICAN certification preferred).
• Minimum of 3-5 years of experience in accounting, preferably within the e-commerce and/or construction sectors.
• Experience with financial software (e.g., QuickBooks, Xero, NetSuite) and ERP systems.
• Knowledge of e-commerce platforms and construction project accounting is a plus.

Must have skills:

• Proficient in Microsoft Excel and financial modelling.
• Strong analytical skills with the ability to interpret complex financial data.
• Excellent communication and interpersonal skills, able to present financial data to non-financial stakeholders.
• Ensure accuracy in all financial documents and reports.
• Ability to identify financial discrepancies and develop solutions.
• Manage multiple projects and deadlines efficiently.
• Uphold professional ethics and confidentiality in handling company finances.

Application Closing Date
22nd November, 2024.

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