Financial Accountant at Reliable Steel and Plastic Industry Limited

Reliable Plastic was incorporated on April 28th, 1998. We have been committed to providing the best quality products to our customers since its inception. Apart from the outstanding service that is provided, consumers are sure to be completely satisfied with the end product. Reliable Plastic promises to use only quality material for your product. Everything is done in-house with the company and therefore is your one-stop shop for product manufacturing.

We are recruiting to fill the position below:

Job Title: Financial Accountant

Location: Anambra
Employment Type: Full-time

Job Summary

• This role is responsible for the budget planning and supports the executive management team by offering insights and financial advice that will allow them to make the best business decisions for the company, Producing financial reports related to budgets, account payables, account receivables, expenses, etc.
• Developing long-term business plans based on these reports. Reviewing, monitoring, and managing budgets. Developing strategies that work to minimize financial risk.

Key Result Areas (KRA)
The key result areas of this role are:

• Effective Management of Account Receivable and Payable / Achievement rate on debt recovery.
• Sufficiency, adequacy, and reliability of accounting books, records, and data.
• Effective cost control initiatives/reduction in enterprisewide operating cost
• Effectiveness and adequacy of the accounting, financial and risk management system
• Quality and timeliness of accounting and financial reports (e.g. monthly management account, etc)
• Effective management of tax liability and other regulatory obligations and requirements
• Effectiveness of fraud management and control measures
• Quality, timeliness, and responsiveness of product costs and costing technique

Responsibilities
Finance & Accounts:

• Monthly reporting of (consolidated) financial management information including profit or loss, cash flow statement, balance sheet, and key performance metrics. Explain developments in margins, balances, and other metrics.
• Weekly reporting on revenue, cost of sales, and cash flow.
• Bi-weekly reporting on cash flow forecast
• Developing plans for financial growth.
• Support the sales and product development processes by reviewing contracts and business models.
• Evaluating and managing risk.
• Recommend financial actions by analyzing accounting options.
• Preparation of the monthly bank reconciliation of the accounts of the company.
• Prepare and check sales invoices based on information received from customer success and sales departments

Prepare and Make Payments:

• Book and document all financial transactions and commitments.
• Ensure that supporting documentation is stored in the (electronic) archive. This covers revenue, costs, and purchases of fixed assets.
• Reconcile financial discrepancies by collecting and analyzing account information needed for the audit of financial statements

Reconcile Bank Account Statements on a Daily Basis:

• Maintain accounting controls by preparing and recommending policies and procedures – check the effectiveness of controls with a focus on revenue assurance, cost control, and safeguarding of assets.
• Ensuring effectiveness of accounting officers with respect to bills receivable, bills payable, (debtors and creditors ledgers) etc, and monitor the timely collection of accounts receivables.

Prepare Documentation for Capital Calls:

• Compute statutory taxes i.e VAT, PAYE, local government, and preparation of tax returns, ensure compliance with payment, reporting, and other tax requirements.
• Streamlining accounting functions and operations.
• Coordinating all finance and accounting processes.

Management and Supervisory:

• Checks on the team throughout the day to be sure that any issues relating to work performance and personnel are addressed promptly.
• Coaches and develops staff, while fostering a team atmosphere. Provides pep talks as needed and coaching for any performance issues.
• Assists employees with questions or problems they have regarding work assignments, priorities, safety, personnel issues, etc.
• Counsels employees when necessary and recommends to HR such personnel actions as a disciplinary action, transfer, promotion, termination of employment, etc. Documents any issues, counseling efforts, etc.
• Oversees training and orientation of new employees and offers additional training as needed. Offers re-training when necessary. Sets up and maintains cross-training, as applicable.
• Serves as a role model to all employees. Conducts oneself professionally and abides by Company safety & personnel policies, SOPs, etc.
• Set Performance expectations and targets as well as  review all Finance and Accounts employees’ performance
• Analyze budgets and continuously control Finance and Accounts cost and identify/ rectify waste measures.
• Check Finance and Accounts output according to specifications and submit report on performance and progress
• Identify issues of inefficiency, suggest and take action on improvement
• Monitor the efficiency and quality of all Finance and Accounts job
• Review goals of staff daily and identify root cause if the goal was not obtained
• Set Performance expectations and targets as well as  review all Finance and Accounts employees’ performance
• Conduct monthly performance appraisals for all Finance and Accounts employees and communicate information to HR and Executive Management

The Person (Qualifications)

• Bachelor’s Degree / HND in Finance and Accounting or related field; MBA or advanced degree in Accounting, Finance  is a plus;
• Professional qualification such as ACA, ACCA or CFA
• 10+ years Solid knowledge of all other finance operations including treasury, payments, accounting for foreign exchange transactions, controls in high volume manufacturing with at least 5years in a managerial role.
• Strong analytical skillset both numerical as well as legal
• Advanced computer software skills, especially Excel (ability to work with complex formulas), PowerPoint and Word.
• Strong combination of technical, leadership, written & oral communication, team collaboration, and interpersonal skills
• Proficient analytical and problem-solving skills
• Proficiency in managing projects & programs and maintaining metrics.

Application Closing Date
30th September, 2021.