The Accountant will be responsible for maintaining accurate financial records, preparing financial reports, and ensuring compliance with accounting principles and regulations for the multi-platform media organization. The role holder will handle day-to-day financial transactions, reconcile accounts, and contribute to the overall financial health and stability of Quantum Expression鈥檚 Media Consult LTD.
Core Responsibilities
Financial Accounting and Reporting:
- Prepare and maintain accurate and complete financial records, including general ledger entries, accounts payable, accounts receivable, and payroll.
- Prepare monthly, quarterly, and annual financial statements in accordance with relevant accounting standards (e.g., IFRS).
- Reconcile bank accounts, credit card statements, and other balance sheet accounts on a regular basis, investigating and resolving any discrepancies.
- Assist in the preparation of budgets and forecasts, providing variance analysis and explanations for deviations.
- Ensure timely and accurate filing of statutory returns and tax obligations (e.g., VAT, PAYE).
Accounts Payable and Receivable Management:
- Process invoices and payments to vendors in a timely and accurate manner, ensuring proper documentation and approvals.
- Manage accounts receivable, including invoicing customers, tracking payments, and following up on outstanding balances.
- Reconcile vendor statements and resolve any discrepancies.
- Maintain accurate records of all accounts payable and receivable transactions.
- Ensure adherence to the organization's procurement and payment policies.
General Ledger and Reconciliation:
- Maintain and update the general ledger, ensuring all transactions are properly recorded and classified.
- Perform regular reconciliations of key general ledger accounts to ensure accuracy and completeness.
- Investigate and resolve any discrepancies identified during the reconciliation process.
- Prepare journal entries for accruals, prepayments, and other adjustments as needed.
- Ensure the integrity of financial data within the accounting system.
Budgeting and Forecasting Support:
- Assist in the development and preparation of the annual budget.
- Provide support in the preparation of periodic financial forecasts.
- Monitor actual financial performance against budgets and forecasts, identifying and analyzing variances.
- Prepare variance analysis reports with explanations for significant deviations.
- Contribute to the development of improved budgeting and forecasting processes.
Compliance and Internal Controls:
- Ensure compliance with all relevant accounting principles, tax laws, and regulatory requirements in Nigeria.
- Assist in the implementation and maintenance of internal controls to safeguard the organization's assets.
- Participate in internal and external audits, providing necessary documentation and support.
- Stay updated on changes in accounting standards and regulations.
- Adhere to the organization's financial policies and procedures.