Finance Officer
Full time @LifeBank in Business and Finance Shortlist Email JobJob Detail
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Job ID 5035
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Career Level Officer
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Experience 3 Years
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Qualifications Degree Bachelor
Job Description
Key Responsibilities:
Audit
- Determine and detail gaps in process, procedure, and system controls.
- Perform information system audits to manage internal controls and assess risks.
- Assess potential risks, evaluate controls, and conduct compliance testing.
- Facilitate successful internal and external audits by ensuring proper stakeholders engagement, & provision information/ documentation.
- Devise and initiate corrective strategies to improve compliance and reduce tax burden
Accounting & Reporting
- Prepare monthly reports and annual financial statements for review by management and other stakeholders.
- Deposit & reconcile clients and vendor payments and adjust accounts to reflect changing balances.
- Develop actionable improvements for existing processes and present to management.
- Collaborate with Operations & procurement team to improve procurement and reconciliation processes.
- Prepare and administer Monthly, Quarterly, and Yearly Budgets for overall operations and departments.
- Produce credits sales report and analyze aging to identify targets for basic and advanced collection strategies.
- Oversee accounting needs and maintain all books for Direct Costs and Administrative overheads.
- Prepared statutory annual returns to regulatory agencies.
- Ensure all transactions are posted on Xero with their supporting documents.
Taxation & Compliance
- Managed tax audit exercises by Lagos state internal revenue services and FIRS.
- Prepare periodic VAT & WHT returns to Federal and State internal revenue services.
- Oversee applications for certificates, clearances, licenses, and business permits.
- Ensure timely payment of all taxes and levies.
Payables & Receivables
- Handle the processing and documentation of all approved disbursements.
- Ensure timely issuance of Invoices for all services with necessary supporting documents.
- Prepare monthly statements of accounts.
Support the collection of overdue payments.
- Ensure all customers with overdue invoices sign debt acknowledgement form with detailed payment terms.
- Ensure adherence to the approved company finance policies.
- Carryout periodic follow-ups with customers with outstanding overdue invoices.
Qualifications:
- Bachelor’s degree/ HND in Finance, Accounting, or related field.
- Minimum of 3 years of experience in a finance related role, preferably in a similar capacity.
- Strong understanding of financial principles, practices, and regulations.
- Proficiency in Google docs, and accounting software like Xero.
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team, with a high level of accuracy and attention to detail.
- Prior experience with receivables management, tax preparation, and audit support is highly desirable.
Salary: 20,000 – 25,000 KES monthly gross
