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.

Method of Application
Interested and qualified candidates should send their Resume and Cover Letter to: hr@owppin.com Using the "Job Title" as the subject of the email.