Company Description
Quantum Expressions Media Consult LTD is Nigeria’s pioneering multimedia powerhouse leveraging cutting-edge technology, real-time consumer data, and modern journalistic methods to deliver on-demand, need-based content seamlessly across multiple platforms.
The Client has identified the need to recruit highly skilled, tech-savvy, and passionate professionals for its Visual Radio cum Digital Media powerhouse to support its strategic goals and objectives
Job Description
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’s 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.
Qualifications
Educational Requirements
- Bachelor's degree in Accounting, Finance, or a related field.
- Professional accounting certification (e.g., ICAN, ACCA) is required.
- An MBA or MSc in Finance or Accounting is an added advantage.
Professional Requirements
- Membership in a recognized professional accounting body (e.g., ICAN, ACCA).
Experience Requirements
- Minimum of 5-8 years of progressive accounting experience, preferably within a dynamic industry.
- Experience with accounting software and ERP systems is essential. Experience in the media industry is a plus.
Knowledge Requirements
- Thorough knowledge of accounting principles (e.g., IFRS) and practices.
- Understanding of Nigerian tax laws and statutory reporting requirements.
- Familiarity with budgeting and forecasting processes.
- Knowledge of internal control principles.
- Proficiency in using accounting software and ERP systems.
Skill Requirements
- Strong analytical and problem-solving skills.
- Excellent attention to detail and accuracy.
- Proficient in financial data analysis and interpretation.
- Strong organizational and time management skills.
- Excellent communication (written and verbal) and interpersonal skills.
Personal Abilities
- Strong work ethic
- High level of integrity and professionalism
- Attention to detail and high level of accuracy
- Adaptability and Willingness to learn
- Proactiveness
- Teamwork and collaboration.
- Strong decision-making skills
Additional Information
Quantum Expressions Media Consult LTD aims to be an Employer of Choice, providing equal opportunity for everyone regardless of their background, gender, race and other protected characteristics.