Payroll / Financial Accountant at Alaro City Development FZC

Alaro City Development FZC is an integrated, mixed-use city planned for over 2,000 hectares in the North West Quadrant of the Lekki Free Zone. Alaro City’s vision goes beyond alleviating what is a self-evident problem - that of stifling urban congestion and a dearth of quality housing and commercial property in Lagos and Africa as a whole.

Rather, we aim to help create the infrastructure - the living and working spaces, communities, schools, and hospitals - that will help sustain and accelerate Nigeria’s economic growth, meet the aspirations of Africa’s burgeoning middle classes, and serve as a catalyst for further urban development. The people in our team are multi-skilled and experts in their respective fields. They possess a unique drive, underpinned by the desire to help improve Africa’s urban development.

We are recruiting to fill the position below:

Job Title: Payroll / Financial Accountant

Location: Victoria Island, Lagos
Employment Type: Full-time

Responsibilites

• Payroll accountant prepares, submits and validates the monthly payroll in Payroll accounting system (Sage).
• Works independently using judgment and discretion to ensure overall compliance and efficient payroll processing.
• Responsible for updating payroll changes, manual adjustments, tax and reporting procedures.
• Ensures that payroll updates are timely and accurately prepared.
• Prepares monthly general ledger account reconciliations.
• Payroll statutory deductions and timely remittances.
• Inputs or uploads all benefits deductions and earnings.
• Responsible for maintaining and managing records.

Payroll / Tax Management:

• Processes monthly payroll for 30+ employees
• Reviews taxes, deductions, and earnings for accuracy and make necessary corrections
• Updates payroll changes in payroll/accounting systems
• Inputs/uploads all benefits deductions and earnings
• Prepares monthly general ledger account reconciliations
• Prepares and manages payroll processing, researches and resolves discrepancies, and handles correcting entries.
• Ensures paychecks are correct and delivered on time
• Enters and reviews additional payments needed to include bonuses, allowances and overtime
• Updates new hires and terminations in payroll system
• Managing Tax Audits along with Tax consultants
• Engages the tax consultant on all pending tax issues Financial Accounting Bank Reconciliations
• Preparation of monthly GL Proof report
• Preparation of transaction journals and posting of entries
• All other assigned duties

Requirements
Hard skills and experience:

• A Bachelor's Degree or equivalent.
• 3-4 years cognate experience or any similar combination of education and experience.
• Experience at a Big Four firm is an added advantage.
• A professional member of an industry-relevant association (ACCA or ICAN) is an added advantage
• Knowledge of SAGE accounting software/package.
• Excellent knowledge of Microsoft Excel, PowerPoint and Word. Advance proficiency in Microsoft Excel is mandatory.
• Knowledge of IFRS, local taxes and requirements.
• Experience in liaising with the auditors
• Ability to create and manage a database Soft skills:
• Demonstrated abilities in management reporting: preparing and presenting. Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
• Ability to manage multiple work streams/projects of various sizes and complexity across diversified customer base.
• Ability to comprehend, analyse, and interpret documents. Ability to solve problems involving several options in situations.
• Attention to detail Personal characteristics:
  • Self-driven
  • Resilient
  • Tenacious
  • Result-oriented
• Ability to work effectively under pressure;
• Team player with good interpersonal skills.

Remuneration
N500,000 - N700,000 Monthly.

Application Closing Date
31st May, 2023.