Financial Accountant

Posted On: 03 July 2020 Asset & Resource Management Holding Company (ARM HoldCo)   Lagos
Reference: N/A Type: Full-Time



Job Description

Responsible for managing the organization’s financial accounting function, with responsibility for revenue, payments, banking and maintenance of general ledgers.

 

COMPANY OVERVIEW

 

Asset & Resource Management Holding Company (ARM HoldCo) was Established in 1994 as an asset management firm; ARM offers wealth creation opportunities through a unique blend of traditional asset management and alternative investment services. We enable businesses to thrive and help our clients to maximize their returns and realise their most important goals.

 

JOB DUTIES AND RESPONSIBILITIES

 

  • Ensure that payments are made to and on behalf of clients, suppliers and other third parties on a timely basis and by the applicable Service Level Agreement.

  • Transaction Processing Ensure that all transactions for the company and on behalf of clients are adequately processed and captured in the appropriate accounting codes.

  • Review all general ledger accounts detailing assets, liabilities, and capital. Review all reconciliations of public ledger accounts to applicable sub-ledgers, and all inter-company accounts reconciliations.

  • Review monthly bank account reconciliations for the applicable accounts and ensure that all reconciling items are promptly cleared

  • Supervise and coordinate all banking activities including prompt banking of all cheques and ensuring that the appropriate cash (local & foreign) is available to meet the company’s needs; Coordinate the opening of bank accounts as required.

  • Preparation of payroll for staff following specified timelines and ensuring that staff receive the credit in their accounts. Remit all statutory payroll deductions (PAYE and pensions) to the appropriate authorities within the stipulated timeframe

  • Ensure the correct treatment of withholding tax and VAT in the accounts and also ensure the prompt remittance to the appropriate authorities to avoid any penalties. Ensure corporate income tax compliance. Dealing with all matters relating to tax queries and audits

  • Ensure that the company is adequately protected by having in place the necessary insurance policies; coordinating the insurance renewal process and ensuring that the appropriate payments are made

  • Provides a suitable framework for effective budget monitoring and reporting, i.e. variance between actual and projected performance (income and expenditure).

  • Provides a suitable framework for effective budget reporting.

  • Provides a suitable framework and format for effective reporting of the performance of the different portfolios, including mutual funds.

  • Implements the approved procedure for management and reporting of journal entries for the different managed portfolios of the organization.

  • Implements the approved procedure for management and reporting of journal entries for the different managed portfolios of the organization.

  • Responsible for partnering with the investment department in the investment of company funds.

  • Constant review of the expense, revenue and other components of the annual budget to determine the accurate financial position of the organization at all times and for recommending suitable actions.

  • Constant reviews of the fixed-assets register to ensure that entries are accurate and up-to-date.


JOB REQUIREMENTS


  • Minimum of 5 years of work experience

  • Must be chartered (ICAN, ACCA)

  • Bachelor Degree from an accredited university

  • Advanced degree in Finance or Business Management (e.g. MBA, M.Sc Finance e.t.c)

  • Professional certification in finance and accounting from a recognized professional body (e.g. GARP, CFA, CGMA, ACCA, ICAN e.t.c) 


Skills

Communication

Accountability

Auditing skills

Management

Decision-Making

Revenue Generation

Account Management

Account Reconciliation

Reporting

Analytical Skills




Application Currently Closed


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