Senior Accountant

Senior Accountant

Limeswood International company Limited, a company with many years of industries experience in software development, Integrated Security Services and IT distribution excellence. We pride ourselves in being the pioneer of all IT solutions in west Africa and employing individuals with innovations and creativities. With a vast amount of knowledge and experien...

Job Type: Full Time

Qualification: BA/BSc/HND , Professional Certificate

Experience: 5 - 7 years

Location: Lagos

Job Field: Finance / Accounting / Audit

Job Summary

The Senior Accountant is responsible for managing and overseeing the Company's day-to-day accounting operations, financial reporting, reconciliations, statutory compliance, payables, receivables, treasury support, and financial controls. The role is responsible for ensuring the accuracy, completeness, and integrity of financial records and reports, supporting budget and cash flow management, coordinating statutory obligations, and providing timely financial information to Management. The Senior Accountant will work closely with the Finance Lead and other departments to maintain strong financial discipline, ensure compliance with approved financial policies and procedures, and support effective financial decision-making across the Company.

Responsibilities

Financial Accounting & Reporting:

• Oversee the accurate recording and processing of all financial transactions in accordance with applicable accounting standards and Company policies.
• Review journal entries, ledgers, and accounting postings to ensure accuracy and completeness.
• Prepare and review monthly, quarterly and annual financial reports.
• Prepare management accounts and supporting financial schedules for Management review.
• Conduct account reconciliations and ensure outstanding items are investigated and resolved promptly.
• Coordinate month-end and year-end financial closing activities.
• Maintain accurate and complete financial records and supporting documentation.
• Identify financial discrepancies and implement appropriate corrective actions.

Accounts Payable & Receivable:

• Oversee accounts payable and accounts receivable activities.
• Review vendor invoices and payment documentation for accuracy, completeness and appropriate approval before processing.
• Monitor outstanding receivables and coordinate timely follow-up on customer payments.
• Maintain accurate ageing reports for receivables and payables.
• Monitor payment obligations and ensure approved liabilities are processed within agreed timelines.
• Investigate and resolve vendor and customer account discrepancies.

Treasury & Cash Management:

• Support the Finance Lead in monitoring the Company's cash position and liquidity requirements.
• Prepare regular cash position and cash flow reports.
• Review and reconcile bank accounts and ensure all reconciling items are promptly resolved.
• Monitor petty cash and other operational funds.
• Support banking transactions and maintain appropriate banking documentation.
• Escalate actual or anticipated cash flow constraints to the Finance Lead promptly.

Budgeting, Cost Control & Financial Analysis:

• Support the preparation of annual budgets and financial forecasts.
• Monitor departmental expenditure against approved budgets.
• Prepare budget versus actual analysis and identify significant variances.
• Provide explanations and recommendations for material cost variances.
• Monitor operational expenditure and identify opportunities for improved cost control.
• Provide financial analysis and information required for management decision-making.

Tax, Statutory Compliance & Audit:

• Coordinate the preparation and processing of applicable statutory obligations, including PAYE, Pension, NSITF, ITF, VAT and WHT.
• Ensure statutory financial records and supporting documentation are properly maintained.
• Support internal and external audit activities and provide requested schedules and documentation within agreed timelines.
• Monitor audit queries and support the timely resolution and closure of audit findings.
• Ensure accounting activities comply with applicable financial regulations and Company policies.

Financial Controls & Governance:

• Implement and maintain effective accounting controls to safeguard Company assets and financial information.
• Review financial transactions for compliance with approved policies, procedures and authorization limits.
• Identify control weaknesses, financial risks and irregularities and escalate them appropriately.
• Ensure proper segregation of duties and financial approval processes are maintained.
• Maintain accurate financial registers, schedules and supporting documentation.
• Support continuous improvement of accounting processes and financial controls.

Procurement, Contract & Vendor Financial Review:

• Review financial documentation relating to procurement transactions and vendor payments.
• Support verification of purchase orders, invoices, payment requests and supporting documentation.
• Ensure financial commitments are aligned with approved budgets and authorization requirements.
• Maintain accurate vendor financial records and support vendor account reconciliation.
• Provide financial input into contract and procurement reviews where required.

Payroll & Cross-Functional Support:

• Collaborate with HR on payroll preparation, validation and reconciliation.
• Review payroll schedules and supporting documentation to ensure financial accuracy.
• Liaise with Projects, Commercial, Supply Chain and Corporate Services on finance related matters.
• Provide timely financial information and support to other departments where required.
• Participate in special finance projects and other assignments delegated by the Finance Lead or Management.

Team Support & Accountability:

• Provide guidance and technical support to junior finance and accounting staff.

• Review assigned accounting tasks and ensure departmental deadlines are achieved.

• Promote accuracy, accountability and compliance within the Finance function.

• Support the Finance Lead in implementing finance policies, procedures and process improvements.

• Key Performance Expectation

• Accurate and timely preparation of financial reports and management accounts.

• Timely completion and resolution of bank and account reconciliations.

• Effective management and monitoring of receivables and payables.

• Timely and accurate statutory compliance and remittances.

• Accurate payroll validation and reconciliation.

• Compliance with approved financial policies, controls and authorization limits.

• Timely identification and resolution of fi