Accounting Executive at 720Degree Innovation Hub

720Degree Innovation Hub is an award-winning technology and social innovation hub in Nigeria that provides a platform for community of innovators, educators, entrepreneurs, creative and industry leading professionals, tech talents, investors, tech influencers to connect, collaborate and accelerate the successful development of innovations in Africa and work to create sustainable impacts that reach millions of people.

Over the year past 3 years, 720Degree Hub has increased technology awareness with strive to build viable Innovation and Startup Ecosystem in Nigeria, trained more than 1000 early-stage tech talents, organized more than 50 events centred around Innovations, Emerging Technologies and Entrepreneurship, we have been providing enabling environment and infrastructure for startups and software developers to succeed.

We are recruiting to fill the position below:

Job Title: Accounting Executive

Location: Ogba, Lagos
Employment Type: Full-time

Job Responsibilities

• Maintain accurate and up-to-date financial records, including accounts payable, accounts receivable, general ledger, and payroll.
• Enter and reconcile financial transactions, such as sales, purchases, payments, and receipts.
• Analyze financial data to identify trends, patterns, and discrepancies, and provide insights to management for decision-making.
• Assist in the preparation of budgets and financial forecasts, monitor actual performance against budgeted figures, and provide variance analysis.
• Prepare and file tax returns, ensuring compliance with relevant tax laws and regulations, and keep abreast of any changes in tax requirements.
• Prepare periodic financial statements, including income statements, balance sheets, and cash flow statements, and distribute them to relevant stakeholders.
• Calculate employee salaries, deductions, and benefits, and ensure accurate and timely payroll processing.
• Reconcile bank statements, vendor statements, and customer accounts to ensure accuracy and resolve any discrepancies.
• Assist with internal and external audits by providing necessary financial documentation and explanations.
• Help establish and maintain effective financial systems, policies, and internal controls to safeguard assets and ensure compliance.

Qualifications

• Education: A Bachelor's Degree in Accounting, Finance, or a related field is typically required.
• Knowledge and Skills: Strong knowledge of accounting principles, financial analysis, and tax regulations. Proficiency in using accounting software and spreadsheets (e.g., QuickBooks, Excel) is essential. Attention to detail, analytical thinking, and problem-solving skills are important.
• Experience: Previous experience in accounting or finance roles is beneficial, especially in small business environments. Familiarity with small business accounting practices, such as handling cash flow, managing expenses, and overseeing payroll, is valuable.
• Communication Skills: Effective communication skills are necessary to interact with various stakeholders, including management, vendors, customers, and potentially auditors. Clear and concise verbal and written communication is essential.
• Organizational Skills: The ability to manage multiple tasks, meet deadlines, and prioritize work effectively is crucial in a small business setting where accountants often handle various responsibilities.

Application Closing Date
30th July, 2023.