Accountant at a Consumer Electronics Company

• Job Title: Accountant

Location: Lagos, On-site

Employment Type: Full-time

Industry: Consumer Electronics

Job Summary

We are seeking a highly analytical and detail-oriented Accountant to manage financial operations for our fast-paced consumer electronics business. The ideal candidate will ensure accurate financial reporting, compliance with tax regulations, and effective cost management in a competitive retail and distribution environment. Experience in inventory accounting and familiarity with the consumer electronics market will be an added advantage.

Key Responsibilities

• Financial Record Keeping & Reporting

• Maintain accurate financial records, including sales, purchases, and inventory transactions.

• Reconcile bank statements and resolve discrepancies promptly.

• Prepare monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow).

• E-Commerce Financial Management & Reconciliation

• Reconcile daily sales transactions across multiple online platforms (Jumia, Konga, Shopify, etc.) with bank deposits and internal records.

• Track and resolve discrepancies in payment gateways (Paystack, Flutterwave, Stripe) and e-wallet transactions.

• Monitor chargebacks, refunds, and failed transactions, ensuring proper accounting treatment.

• Reconcile marketplace payouts with sales records, including commissions, shipping fees, and promotional discounts.

• Inventory & Cost Accounting

• Monitor and analyze inventory costs, pricing strategies, and profit margins.

• Track supplier invoices, discounts, and warranty-related financial adjustments.

• Ensure proper valuation of stock (FIFO/LIFO) and minimize write-offs. Tax & Regulatory Compliance

• Ensure timely filing of VAT, WHT, PAYE, and Company Income Tax (CIT) returns with FIRS and state tax authorities.

• Stay updated on changes in Nigerian tax laws affecting the electronics retail sector.

• Assist in filing annual returns with the Corporate Affairs Commission (CAC). Sales & Revenue Tracking

• Verify sales transactions across multiple channels (retail, wholesale, e-commerce).

• Monitor accounts receivable and follow up on overdue payments from distributors and retailers. Audit & Internal Controls

• Support internal and external audits with proper documentation.

• Implement controls to prevent fraud and financial mismanagement. Budgeting & Financial Analysis

• Assist in budget preparation and variance analysis.

• Provide insights on cost-saving measures and profitability trends. Payroll & Vendor Management

• Process payroll, ensuring compliance with statutory deductions (Pension, NHF).

• Manage supplier payments and negotiate favorable payment terms.

Qualifications & Requirements

Education

• Bachelor’s degree in accounting, Finance, or related field

• Professional Certification: ICAN or ACCA (or in progress).

Experience

• Minimum of 5 years in accounting, preferably in retail, distribution, or consumer electronics

Technical Skills:

• Proficiency in Zoho books, Zoho Inventory, QuickBooks, SAP, or other inventory-based accounting software and advanced Excel (PivotTables, VLOOKUP). ➢

Industry Knowledge:

• Understanding of consumer electronics pricing, supply chain finance, and warranty accounting

Soft Skills:

• Strong analytical ability, attention to detail, and problem-solving skills.

• Preferred Skills

• Experience with POS systems and e-commerce financial reconciliation

• Knowledge of foreign exchange transactions (for import-dependent electronics businesses).

• Familiarity with Nigerian Customs duties and trade regulations