Accountant at OWPPiN Limited

OWPPiN Limited, a wood, paper and pulp platform focused on producing high quality wood derived products in Nigeria, for local and global consumption is looking to fill the below vacant position:

Job Title: Accountant

Location: Ogun
Job Type: Full Time
Job Field: Finance / Accounting / Audit

Job Scope

The Job holder is responsible for preparation of the financial statements of the Fund and the Company.
He/She is also responsible for preparation of the net assets value (NAV) of the Fund on a monthly, quarterly and yearly basis; reconciliations, budgeting, cost control and performance measurement, liaising with external contacts (vendors, auditors, tax authorities), revision and update of all procedure.

Job Responsibility

Ensures the documentation of transaction processing workflows within Finance and Operations department in standard procedures. Also ensuring that existing procedures are updated and reviewed in line with current practices.
Prepare monthly depreciation of assets in line with the accounting policies and procedures.
Prepare monthly amortization of intangible assets in line with the accounting policies in place.
Maintains proper books of account by ensuring that daily transactions are recorded using both the accounting & investment module of the Fund’s software.
Preparation of Monthly, Quarterly, and half yearly & annual fund valuation.
The valuation and updating of fund investment in Private equity & Infrastructural fund.
Forecasting upcoming payment needs of the Company; providing adept analysis of the bank balance vis-à-vis the forecasted payments to ensure adequate funding by the sponsor and also avoiding idle bank balances.
Ensuring periodic (i.e. quarterly) cash call reconciliations with Parent Company.
Ensure that balances held by Parent Company against the company (as represented by debit notes) agrees with Company’s records. Also, identifying any differences that may exist, investigating and resolving them.
Work with departmental managers to develop and prepare appropriate budget for the Fund & company.
Participate in the budget approval process by the board of directors.
Analyse monthly department budgeting and accounting reports to maintain expenditure controls.
Consult with managers to ensure that budget adjustments are made in accordance with program changes.
Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
Seek new ways to improve efficiency and optimize cost – benefit matrix.
Review operating budgets to analyse trends affecting budget needs.
Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
Responsible for the preparation of regular and special budget reports.
Follow-up compliance with approved budget/cost objectives;
Perform relevant variance analysis and investigate deviations for recommendation and follow-up;
Interpret budget directives and establish policies for carrying out directives.
Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
Preparation of the financial statements of the Fund and the Company.
Preparation of the net assets value (NAV) of the Fund on a monthly, quarterly and yearly basis.

Job Requirements

University Degree in Accounting, Business Admin, Finance or related discipline (Minimum of 2nd class upper).
ICAN or ACA certification mandatory.
Minimum 3+ years relevant work experience, in accounting or finance.
Strong analytical and communication skills.
Good organizational ability as well as ability to multitask.

Application Closing Date
Not Specified.

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