Account Officer (Subsidiary Reporting)

Lagos - Nigeria

Monthly Salary: Not Disclosed

Posted on: 24 days ago

Vacancies: 1 Vacancy

Job Summary

Key Responsibilities

1. General Ledger (GL) Management & Reconciliation

Maintain and reconcile general ledger accounts ensuring accurate financial reporting.
Process journal entries and ensure proper documentation.
Ensure timely and accurate recording of transactions into the appropriate account.

2. Prepayment & Fixed Asset Accounting

Manage and monitor prepayment schedules ensuring proper amortization.
Maintain the fixed asset register ensuring proper capitalization and depreciation.
Together with designated finance team members perform periodic physical asset verification and reconcile with records.

3. Bank Reconciliation & Treasury Support

Perform timely bank reconciliations identifying and resolving discrepancies.
Monitor cash balances and support treasury operations.
Ensure alignment between bank statements and financial records.

4. Subsidiary Financial Reporting & Compliance

Provide support in the preparation of financial statements for subsidiaries in accordance with IFRS.
Ensure intercompany transactions are accurately recorded and reconciled.
Support internal and external audits with required documentation.

5. Process Optimization & Risk Management

Identify and implement process improvements for financial reporting efficiency.
Ensure financial risk mitigation through compliance with company policies.

6. Procurement:

Implement SOP and coordinate all procurement efforts ensuring timely order placement and vendor payments.
Carry out periodic stock count

Key Attributes & Technical Competencies

Key Attributes	Definition
Financial Accuracy	Ensures precision in GL prepayments and fixed asset accounting.
Regulatory Compliance	Adheres to IFRS tax laws and internal policies.
Analytical Thinking	Assesses financial data to identify trends and discrepancies.
Process Optimization	Continuously improves financial reporting efficiency.
Attention to Detail	Maintains accuracy in reconciliations fixed asset management and financial records.
Technical Competencies	Definition
General Ledger & Financial Close	Proficiency in maintaining and reconciling GL accounts ensuring timely month-end close.
Fixed Asset & Prepayment Accounting	Ability to track fixed assets manage depreciation and handle prepayment schedules.
Bank Reconciliation	Ensures timely reconciliation of bank accounts and resolution of discrepancies.
ERP & Accounting Systems	Experience with SAP Oracle or Microsoft Dynamics for GL and reporting.
Financial Reporting & Compliance	Knowledge of IFRS internal controls and regulatory reporting.
Audit & Risk Management	Strong understanding of internal and external audit requirements.
Intercompany Accounting	Ensures proper recording of intercompany transactions and eliminations.
Procurement	Purchases vendor and stocks managent.

HND or Bachelors degree in Accounting Finance Economics or a related field.
A minimum of a Second Class Upper (2:1) or Upper Credit is required.
24 years of experience in accounting or financial reporting (group/subsidiary reporting experience is an advantage).
Professional certification in view (ACA/ACCA) is a strong plus.
Proficiency in financial management software (e.g. SAP Oracle QuickBooks Microsoft Dynamics) and Microsoft Excel.
Solid understanding of IFRS regulatory compliance and audit standards.
Strong analytical numerical and documentation skills.
Excellent organizational skills with high attention to detail and accuracy.

Required Experience:

Unclear Seniority

Key Responsibilities1. General Ledger (GL) Management & ReconciliationMaintain and reconcile general ledger accounts ensuring accurate financial reporting.Process journal entries and ensure proper documentation.Ensure timely and accurate recording of transactions into the appropriate account.2. Prep...

Key Responsibilities

1. General Ledger (GL) Management & Reconciliation

Maintain and reconcile general ledger accounts ensuring accurate financial reporting.
Process journal entries and ensure proper documentation.
Ensure timely and accurate recording of transactions into the appropriate account.

2. Prepayment & Fixed Asset Accounting

Manage and monitor prepayment schedules ensuring proper amortization.
Maintain the fixed asset register ensuring proper capitalization and depreciation.
Together with designated finance team members perform periodic physical asset verification and reconcile with records.

3. Bank Reconciliation & Treasury Support

Perform timely bank reconciliations identifying and resolving discrepancies.
Monitor cash balances and support treasury operations.
Ensure alignment between bank statements and financial records.

4. Subsidiary Financial Reporting & Compliance

Provide support in the preparation of financial statements for subsidiaries in accordance with IFRS.
Ensure intercompany transactions are accurately recorded and reconciled.
Support internal and external audits with required documentation.

5. Process Optimization & Risk Management

Identify and implement process improvements for financial reporting efficiency.
Ensure financial risk mitigation through compliance with company policies.

6. Procurement:

Implement SOP and coordinate all procurement efforts ensuring timely order placement and vendor payments.
Carry out periodic stock count

Key Attributes & Technical Competencies

Key Attributes	Definition
Financial Accuracy	Ensures precision in GL prepayments and fixed asset accounting.
Regulatory Compliance	Adheres to IFRS tax laws and internal policies.
Analytical Thinking	Assesses financial data to identify trends and discrepancies.
Process Optimization	Continuously improves financial reporting efficiency.
Attention to Detail	Maintains accuracy in reconciliations fixed asset management and financial records.
Technical Competencies	Definition
General Ledger & Financial Close	Proficiency in maintaining and reconciling GL accounts ensuring timely month-end close.
Fixed Asset & Prepayment Accounting	Ability to track fixed assets manage depreciation and handle prepayment schedules.
Bank Reconciliation	Ensures timely reconciliation of bank accounts and resolution of discrepancies.
ERP & Accounting Systems	Experience with SAP Oracle or Microsoft Dynamics for GL and reporting.
Financial Reporting & Compliance	Knowledge of IFRS internal controls and regulatory reporting.
Audit & Risk Management	Strong understanding of internal and external audit requirements.
Intercompany Accounting	Ensures proper recording of intercompany transactions and eliminations.
Procurement	Purchases vendor and stocks managent.

HND or Bachelors degree in Accounting Finance Economics or a related field.
A minimum of a Second Class Upper (2:1) or Upper Credit is required.
24 years of experience in accounting or financial reporting (group/subsidiary reporting experience is an advantage).
Professional certification in view (ACA/ACCA) is a strong plus.
Proficiency in financial management software (e.g. SAP Oracle QuickBooks Microsoft Dynamics) and Microsoft Excel.
Solid understanding of IFRS regulatory compliance and audit standards.
Strong analytical numerical and documentation skills.
Excellent organizational skills with high attention to detail and accuracy.

Required Experience:

Unclear Seniority

Key Skills

English
Communication
Data Mining
Journalism
Corporate Attorney

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About Company

Isn Medical

ISN is the leading supplier of medical diagnostic products and services in Nigeria. The Company is the authorized agent and distributor for major multinationals including Roche Diagnostics GmbH in Nigeria and supplies reagent parameters for clinical chemistry and immunology. ISN emplo ... View more

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