Company Info
UAC Foods Limited is a well-known producer and marketer of savory, healthy convenience meals. The company is a joint venture between Tiger Brands of South Africa, which owns 49% of the equity and UACN Plc of Nigeria, which has 51%. With our wide selection of snacks, beverages, and dairy goods, we strive to constantly provide value to our customers. Our primary social obligation is demonstrated by the wholesome, clean, and secure products we regularly provide to Nigerians.
1). Financial Accounting & Tax Manager
Location: Lagos, Nigeria
Job type: Full-time
Career level: Mid-Senior level
Role Purpose
- We are seeking a highly skilled and experienced Financial Accounting and Tax Manager to join our team.
- As the Financial Accounting and Tax Manager, you will be responsible for overseeing all aspects of financial accounting and tax compliance within our organization.
- You will play a crucial role in ensuring accurate financial reporting, managing tax obligations, and implementing effective accounting practices.
- The ideal candidate will have a strong background in financial accounting, tax regulations, and managerial skills.
Responsibilities
Financial Accounting:
- Oversee the preparation and analysis of financial statements in accordance with accounting principles and regulatory requirements.
- Ensure accurate and timely recording of financial transactions, including accounts payable, accounts receivable, payroll, and general ledger entries.
- Monitor financial performance indicators, identify trends, and provide recommendations to improve efficiency and profitability.
- Coordinate the year-end financial audit process and collaborate with external auditors.
- Develop and implement internal controls to safeguard company assets and maintain data integrity.
Tax Compliance:
- Manage all aspects of tax compliance, including income tax, sales tax, payroll tax, and other applicable taxes.
- Stay updated on relevant tax laws, regulations, and changes to ensure compliance and minimize tax liabilities.
- Prepare and file tax returns accurately and within deadlines.
- Conduct tax research and planning to optimize tax strategies and identify potential tax savings opportunities.
- Respond to tax notices, inquiries, and audits from tax authorities.
Financial Reporting and Analysis:
- Prepare monthly, quarterly, and annual financial reports, including profit and loss statements, balance sheets, and cash flow statements.
- Analyze financial data and provide insights to senior management for decision-making purposes.
- Monitor key financial metrics and variances, identify trends, and recommend actions to achieve financial goals.
- Prepare financial forecasts and budgets in collaboration with other departments.
Team Management:
- Supervise and mentor a team of financial accounting and tax professionals, providing guidance and support.
- Delegate tasks effectively, set clear performance expectations, and conduct regular performance evaluations.
- Foster a collaborative and positive work environment, promoting professional development and knowledge sharing.
Compliance and Documentation:
- Ensure compliance with accounting principles, regulatory requirements, and internal policies.
- Develop and maintain accounting and tax procedures manuals.
- Update and implement accounting policies in line with changing regulations and best practices.
- Assist with special projects and initiatives as assigned.
Qualifications
- Bachelor’s Degree in Accounting, Finance, or a related field. A Master’s degree and/or CPA designation is highly preferred.
- Professional Accreditation: ACA/CPA/ACCA/ACMA
- Must have 4 – 6 years experience working in a reputable manufacturing company.
- Proven work experience as a Financial Accounting and Tax Manager or similar role.
- Strong knowledge of accounting principles, tax regulations, and financial reporting standards (GAAP).
- In-depth understanding of tax laws, regulations, and compliance requirements.
- Experience with financial analysis, budgeting, and forecasting.
- Proficiency in using financial software and advanced knowledge of Microsoft Excel.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong attention to detail and accuracy.
- Ability to manage multiple priorities and meet tight deadlines.
- Exceptional communication and leadership skills
Application Closing Date
Not Specified.
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2). Finance Associate
Location: Lagos
Job Description
- Prepare monthly statutory accounts, reports, and key reconciliations for the Corporate Centre. Manage the statutory accounts preparation and completion process in line with governance and reporting calendar. Perform detailed review of transactions and assess whether any key control issues exist.
- Identify, assess and, where appropriate recommend efficiency improvements.
- Ensure dividends received from subsidiary companies are promptly recorded in the books.
- Maintain relations with external and internal auditors, as well as other professional consultants. Investigating their findings, and implementing their recommendations for process improvements and managing relevant audits of the Company.
- Mentor and develop team, manage work allocation, systems training, performance evaluations, and the building of an effective and efficient high-performance team.
- Maintain internal control and safeguards for receipt of revenue, costs, and project budgets and actual expenditures.
- Oversee all aspects of company accounts receivable and payable processes.
- Supervise and review the management of all activities related to financial accounting such as: review of journal entries in SAP; invoicing; refunds; purchasing; payroll; collection of accounts receivable; management and payment of suppliers; management and payment of contracts; assistance in the ongoing monitoring and management of banking relationships, cash flow analysis and the management of short and long term investments; performing bank and other key reconciliations.
- Support in tax planning and compliance with all relevant tax legislations and procedures, resolution of all tax issues resulting from tax audits. Proactive analysis and management of the Company’s tax liabilities including all federal and state taxes.
- Keep abreast of financial risk within the Company’s treasury portfolio and explore financial instruments that may be utilized to mitigate risk.
- Overseeing business insurance plans and coverage analysis, and maintenance of the inventory of all fixed assets.
- Ensuring adherence to accounting standards and legal compliance.
Requirements
- First Degree in Accounting or other related discipline.
- Professional accounting qualification such as ACA, ACCA.
- CFA certification, MBA or MSc. in relevant disciplines will be an added advantage.
- A minimum of eight (8) years of professional experience.
- Strong technical IFRS accounting knowledge and good SAP/ERP knowledge.
- Strong financial accounting experience covering General Ledger, Accounts Payable, Tax and Treasury.
Deadline: Not Specified.
How to Apply: Interested and qualified candidates should send use the mail and link below to apply:
- Financial Accounting & Tax Manager
- Finance Associate – [email protected] [use the Job Title as the subject of the email.]
Note: Only candidates who meet the specifications will be contacted.
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