Finance Executive at Ascentech Services Limited

Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its Head Office in Lagos, Nigeria. We are committed to forging long-term partnerships with our clients by creating and delivering robust and flexible services that address the changing needs of their business.

We are recruiting to fill the position below:

Job Title: Finance Executive

Location: Ibeshe, Ogun
Employment Type: Full-time

Job Description

• The Finance Executive will be responsible for managing the company’s financial records, ensuring accurate reporting, and providing insights to support decision-making while ensuring compliance with Nigerian tax laws and financial regulations.
• The role will require expertise in accounting software, analysis of financial data to provide actionable insights, Accuracy in financial reporting and compliance and Strong understanding of local tax laws, financial regulations, and statutory requirements.

Responsibilities

• Prepare and maintain accurate financial statements, including profit and loss statements, balance sheets, and cash flow statements.
• Ensure timely submission of monthly, quarterly, and annual financial reports.
• Reconcile all accounts, including bank accounts, inventory accounts, and intercompany accounts.
• Track and analysed production costs, ensuring cost efficiency in the maize milling process.
• Monitor inventory levels and ensure accurate valuation of raw materials, work-in-progress, and finished goods.
• Conduct periodic inventory counts and reconcile discrepancies
• Assist in preparing annual budgets and periodic forecasts.
• Monitor actual performance against budgets and highlight variances with actionable recommendations.
• Ensure compliance with Nigerian tax laws, including VAT, CIT, WHT, PAYE, and other statutory obligations.
• Prepare and file tax returns on time and liaise with tax authorities for audits and inquiries.
• Identify tax-saving opportunities and ensure proper documentation to support claims.
• Oversee accounts payable, ensuring timely payment to suppliers and vendors.
• Manage accounts receivable, ensuring timely invoicing and collection of payments from customers.
• Conduct credit risk assessments and maintain a healthy cash flow.
• Implement and maintain internal controls to safeguard company assets and ensure accurate financial reporting.
• Support internal and external audit processes by providing necessary documentation and explanations
• Ensure accurate and timely preparation of payroll, including statutory deductions like pensions and PAYE.
• Reconcile payroll accounts and ensure compliance with labour laws.
• Analyse financial data to identify trends, risks, and opportunities for cost reduction and revenue growth.
• Provide management with actionable insights to improve profitability and operational efficiency.
• Compliance with the local GAAP and other relevant statutory bodies like the FIRS, SIRS, PENCOM etc.
• Ensure compliance with Nigerian financial regulations, including those set by the Central Bank of Nigeria (CBN) and the Financial Reporting Council of Nigeria (FRC).
• Stay updated on changes in financial and tax laws, advising management on necessary adjustments.
• Manages cash flow and ensures liquidity, oversees payments, and monitors bank transactions.
• Oversees payments, and monitors bank transactions.
• Provide training and mentorship to team members to enhance their skills and productivity.
• Supervise the entire team members, ensuring tasks are completed accurately and on time.
• Provide training and mentorship to team members to enhance their skills and productivity.

Qualifications

• Bachelor’s degree/HND in Accounting, Finance, or a related field.
• Progress in Professional certification (e.g., ICAN/ ACCA) is highly preferred.
• Minimum of 5 years of experience in accounting, preferably in a manufacturing or agricultural industry.
• Experience with Nigerian tax compliance and financial reporting standards (e.g., IFRS, FIRS).
• Must have excellent communication skills.
• Understanding of Nigerian tax laws and financial regulations.
• Proficiency in financial software (e.g., SAP, QuickBooks, Tally, or ERP systems) and Microsoft Excel.
• Ability to manage and mentor a team effectively

Salary
N250,000 – N300,000 / Month.

Application Closing Date
14th February, 2025.

How to Apply
Interested and qualified candidates should send their CVs to: [email protected] using the Job Title as the subject of the email