Accountant / Financial Officer at Shoppyrex

Shoppyrex is an online Ecommerce store that helps individual, groups solve different problems, achieve their desire, stay happy and fulfilled by providing physical product that cater for their needs

We are recruiting to fill the position below:

Job Title: Accountant / Financial Officer

Location: Abuja / Lagos (Remote)
Employment Type: Full-time

Job Description

• We are looking for a versatile, detail-oriented, hardworking and highly-organized Financial officer who will be responsible for managing Shoppyrex financial transactions and records and ensuring that the company’s financial records are accurate and up to date including tasks related to preparing financial statements, maintaining records, reconciling bank statements, providing strategic guidance, forecasting budgets, analyzing current trends, and developing strategies that maximize profits and minimize risks

Position Summary

• The successful candidate must be a detail-oriented individual with excellent problem-solving skills, possess advanced knowledge of accounting principles and procedures, have the ability to use accounting software and spreadsheets, and have exceptional organizational skills.
• Considering the culture of ownership and accountability within SHOPPYREX, this person should be comfortable taking the initiative when faced with administrative decisions.
• You will be responsible for Managing the company's financial systems and processes, including income statements, balance sheets, and statements of cash flow. This includes analyzing and interpreting financial data, identifying trends and variances, and preparing reports for management review.
• Monitor and analyze company financial performance, including tracking key financial metrics such as revenue, expenses, and profitability
• Oversee all financial operations, ensuring they are carried out in an efficient and effective manner.
• You will also be responsible for Monitoring and reviewing financial records for accuracy
• Develop and implement risk management strategies, advice and guidance

With this in mind…

• You’re the type of person that loves helping and growing a company finance with your topnotch accounting and financial analysis skills
• The job is partly proactive, partly reactive.
• Day to day, you’ll be working with and continuously managing Shoppyrex financial transactions and records and ensuring that the company’s financial records are accurate and up to date.

Roles & Responsibilities

• You will be responsible for Directing and overseeing the financial activities of Shoppyrex.
• You will Prepare and analyze financial statements, including income statements, balance sheets, and statements of cash flow.
• You will Oversee and Manage accounts payable and accounts receivable by ensuring that all accounts payable and accounts receivable are managed properly and that payments are received and made on time.
• Manage month and year-end close processes and prepare timely financial statements.
• You will be responsible for budgeting and forecasting Shoppyrex Financial performance by working with management to develop budget targets, analyzing financial data to identify trends and variances, and preparing reports for management review.
• You will be responsible for Reviewing and verifying the accuracy of invoices and other financial documents and ensuring that all transactions are properly recorded.
• You will Oversee all financial operations, ensuring they are carried out in an efficient and effective manner.
• You will Track and Monitor cash flow/ liquidity to ensure that there are sufficient funds available to meet the company’s financial obligations.
• Prepare and file sales tax returns and other regulatory documents as required. This includes collecting and reviewing supporting documentation, preparing and filing required documents, and working with regulatory agencies as needed.
• Provide financial analysis and support for marketing campaigns and promotions.
• You will be responsible for Providing financial analysis and support for international expansion and global business operations.
• You will be responsible for the preparation of audit materials and supporting the auditing process to provide information, review audit findings, and implement recommendations as needed.with the action on matters which fall within the CEO’s responsibility – chasing responses, and triggering follow-up action.
• Provide support to other departments such as logistics and operations by assisting with financial analysis and reporting, providing guidance and support on financial matters, and working with them to ensure alignment with overall financial objectives
• Provide financial training and support to other employees in the organization.
• You will be responsible for Monitoring and analyzing company financial performance by tracking key financial metrics such as revenue, expenses, and profitability and recommending strategies for improvement.
• You will Manage the company's financial systems and processes, including implementing and maintaining internal controls to ensure the integrity of financial data.
• You will also Work with the company's ecommerce platform and related financial systems to track and reconcile online sales transactions.
• You will Provide financial analysis and support for the development and implementation of new products and services.
• You will be responsible for Analyzing reports such as performance, customer patterns, sales, and other financial activities
• You will be responsible for Establishing financial objectives and creating plans in order to meet them
• You will be responsible for Ensuring compliance with local
• You will be responsible for Providing guidance on business decisions and strategies EO review.
• Monitoring corporate expenditure and recommending changes where necessary
• You will Manage inventory & COGS accounting including reconciliation of inventory accounts.
• You will be responsible for the preparation of yearly budgets and quarterly review.
• You will Monitor and review performance of third-party service providers, such as payment processors and shipping companies.
• You will Manage fiscal functions, including budgeting, forecasting, purchasing, and investments.
• You will Provide financial insights and analysis to help inform decision-making.
• You will Lead and mentor the accounting and finance team.
• You will Monitor cash reserves and investments
• Advise management regarding new investments
• You will Ensure transactions are properly recorded and entered into the computerized accounting system
• You will Issue receipts when needed
• You will Collaborate with other departments, such as customer service and logistics, to identify cost savings opportunities and implement measures to reduce expenses.
• You will Manage payroll and employee benefits
• You wIll Administer and monitor company’s financial policies to ensure compliance with applicable laws and regulations.
• You will be responsible for Researching and identifying tax potential savings strategies that can be implemented to reduce the company’s tax liability
• You will Analyze customer data to identify trends and recommend solutions to improve financial performance.entifying tax potential savings strategies that can be implemented to reduce the company’s tax liability
• You will be responsible for Establishing strong internal controls over sourcing and payment processes to ensure integrity of financial data.
• You will be responsible for Providing technical financial advice and knowledge to management to ensure decisions are informed and effective.
• You will be responsible for monitoring and reviewing financial records for accuracy
• You will Monitor investments and monitor the performance of investments to ensure optimal returns.
• You will Provide financial data to external accountants and other financial professionals when needed
• Develop and implement company's financial risk management strategies, advice and guidance to mitigate risks.
• You will Review and resolve accounting discrepancies and irregularities
• Review and approve invoices and expense reports
• You will be responsible for Analyzing economic trends and providing economic advice to ensure informed decisions.
• You will Liaise with external stakeholders such as banks, investors and creditors to ensure accuracy and compliance.
• You will Develop and maintain financial reporting systems that will provide useful financial data to management.
• You will Participate in negotiations contracts with vendors, Suppliers and financial institutions to ensure favorable terms and conditions.
• You will be responsible for Providing financial analysis and support for international trade and cross-border transactions.

You'll be accountable for these KPIs:

• Gross margin percentage: This measures the profitability of Shoppyrex products or services, calculated as the difference between revenue and cost of goods sold divided by revenue.
• Operating profit margin: This measures the profitability of Shoppyrex operations, calculated as operating income divided by revenue.
• Accounts receivable turnover: This measures how quickly Shoppyrex is collecting its accounts receivable, calculated as annual credit sales divided by average accounts receivable.
• Inventory turnover: This measures how quickly Shoppyrex is selling its inventory, calculated as cost of goods sold divided by average inventory.
• Days sales outstanding (DSO): This measures how long it takes Shoppyrex to collect its accounts receivable, calculated as accounts receivable divided by average daily credit sales.
• Net profit margin: This measures the profitability of Shoppyrex after accounting for all expenses, calculated as net income divided by revenue.
• Gross profit margin: This measures the profitability of shoppyrex products or services before accounting for operating expenses, calculated as gross profit divided by revenue.
• Revenue growth: This measures the increase in a Shoppyrex revenue over a specific period of time, calculated as the current period's revenue divided by the same period in the previous year.
• Cash and cash flow management: This measures Shoppyrex ability to generate cash and manage cash flow effectively, including cash flow from operations, financing activities, and investing activities.
• Customer acquisition cost (CAC): This measures the cost of acquiring a new customer, calculated as total sales and marketing expenses divided by the number of new customers acquired.
• Lifetime value of a customer (LTV): This measures the total value a customer will bring to a company over their lifetime, calculated as the average revenue per customer multiplied by the average customer lifespan.
• Working capital management: This measures Shoppyrex ability to manage its short-term assets and liabilities effectively, such as managing inventory levels, accounts payable and receivable, and cash balances
• Cost of goods sold (COGS): This measures the cost of the products or services sold to customers, including direct materials, direct labor, and overhead expenses.
• Order fulfillment rate: This measures the rate at which a Shoppyrex is able to fulfill customer orders, calculated as the number of orders fulfilled divided by the number of orders received.
• Marketing ROI: This measures the return on investment for the Shoppyrex marketing efforts, calculated as the revenue generated by marketing efforts divided by the cost of those efforts.
• Investment in Research and Development: This measures Shoppyrex investment in research and development as a percentage of revenue, calculated as R&D expenses divided by revenue.
• Income statement trend analysis: This measures Shoppyrex financial performance over time, including revenue growth, gross margin, operating income, and net income.
• Cash flow statement trend analysis: This measures Shoppyrex cash flow over time, including cash flow from operations, financing activities, and investing activities.
• Forecasting and planning: This measures Shoppyrex ability to forecast and plan for future financial performance, including revenue, expenses, and profitability.
• Risk management: This measures Shoppyrex ability to identify, assess, and manage risks, including financial risks such as currency fluctuations, interest rate changes, and credit risk.
• Cost management: This measures Shoppyrex ability to control and minimize its costs, including direct costs such as Shipping/logistics, and indirect costs such as overhead and administrative expenses.
• Budgeting and forecasting: This measures Shoppyrex ability to create and manage budgets and forecasts, including revenue, expenses, and profitability.
• (We’ll explain the KPIs to you if you don’t understand what it’s about) Simply put, when our CEO is super productive and gets things done everyone wins.

Please You MUST be:

• High energy / high EQ, with the ability to Prepare and analyze financial statements, including income statements, balance sheets, and statements of cash flow.
• Proficient in accounting and financial analysis
• Excited and experienced to deliver top-notch service
• Systems-oriented; a long-term decision-maker; you’re not satisfied solving the same challenge more than once; you fix it the first time & create a process to fix it forever
• The capacity to work independently and collaboratively without compromising quality or accuracy.

Note: This position is FULL-TIME and VIRTUAL. Meaning you work from home The team here at Shoppyrex is located all over the country. Preference for this position is someone in Lagos / Abuja

Please DO NOT apply for this position if you:

• Have NO or less than 6 months to 1 Year of Accounting/Financial Officer at Mid/senior management level
• Have never worked in an online or offline accounting /Financial Officer or administrative position
• Can not write or speak good and solid english
• Can not Prepare account statements or create Financial model
• Does not have Excellent IT skills, including a working knowledge of how to use WordPress, Canva, email marketing softwares,presentation software packages, preferably Microsoft Office Word, Excel, and PowerPoint.
• Fearful and SHY (You can’t present to management or hold conversation with people or network with important personnel)
• Not a Forward-looking thinker, who actively seeks opportunities and proposes solutions
• Not TEACHABLE
• Does not like Corrections and Instructions
• Have no interest in books, courses, businesses and personal growth.

If you’re not in these categories above, then please continue reading…

Qualifications

• At Shoppyrex, we value work ethic, coach-ability/teachable, positive attitude, and past results you’ve delivered significantly more than your degree (or lack thereof), GPA, etc.
• However you must have a minimum of HND or Bachelor of Science or Art (B.Sc. or BA); and Master of Science or Art (M.Sc. or MBA) optional. .
• Have you delivered results in a similar role in the past? If so, that’s what we’re looking for - we’re interested in your results.
• That being said, feel free to apply even if you don’t “tick the boxes” below. Just be sure to mention that in your application + why we should consider you.

Required:

• Strong understanding of accounting principles and financial statements: You must have a solid understanding of accounting principles, including double-entry accounting and financial statement preparation.
• Experience with ecommerce systems and platforms: You should have experience working with ecommerce systems and platforms, such as Shopify, Magento, and WooCommerce, in order to effectively manage financial transactions and data.
• Strong analytical and problem-solving skills: You must have strong analytical and problem-solving skills in order to identify trends, patterns, and discrepancies in financial data, and to make recommendations for improvements.
• Proficiency in Excel: You must have a strong proficiency in Excel, as well as other spreadsheet software, in order to be able to analyze and manage large amounts of data.
• Attention to detail: You must pay attention to detail in order to ensure accuracy and completeness of financial records, and identify errors and discrepancies.
• Strong communication skills: You must have strong communication skills in order to effectively communicate financial information to non-financial stakeholders, such as management and the business owner.
• Knowledge of inventory management: You should have knowledge of inventory management in order to track and manage the cost of goods sold.
• Familiarity with accounting software: You must be familiar with accounting software, such as QuickBooks, Xero, and Wave, in order to efficiently manage financial transactions and data.
• Understanding of ecommerce business models: You should have an understanding of ecommerce business models, such as B2C and B2B, in order to effectively manage financial transactions and data.
• Knowledge of financial reporting: You must have knowledge of financial reporting, including income statements, balance sheets, and cash flow statements, in order to effectively communicate financial information to management.
• Understanding of business operations: You must have an understanding of business operations, including inventory management, customer service, and logistics, in order to effectively manage financial transactions and data.
• Knowledge of accounting for international transactions: You should have knowledge of accounting for international transactions in order to effectively manage financial transactions and data for international customers and suppliers.
• Understanding of business performance metrics:You must have an understanding of business performance metrics, such as return on investment and net profit margin, in order to effectively analyze financial data and make recommendations for improvement.
• Knowledge of financial analysis: :You must have knowledge of financial analysis techniques, such as ratio analysis and trend analysis, in order to effectively evaluate the financial performance of the company.
• Experience with financial forecasting and modeling: You must have experience with financial forecasting and modeling in order to predict future financial performance and make informed business decisions.
• Knowledge of auditing and internal controls: You must have knowledge of auditing and internal controls in order to ensure the accuracy and integrity of financial records and detect and prevent fraud.
• Understanding of supply chain finance: You should have an understanding of supply chain finance in order to effectively manage the financial aspects of the company's supply chain, including supplier payments and inventory financing.
• Knowledge of cost accounting: You should have knowledge of cost accounting in order to effectively manage the company's costs and improve profitability.
• Understanding of financial technology (fintech) and its impact on ecommerce: You must have an understanding of financial technology and its impact on ecommerce, including digital payments, blockchain, and artificial intelligence, in order to stay up-to-date with industry trends and developments.
• Familiarity with payroll and employee benefits: You must be familiar with payroll and employee benefits in order to effectively manage the financial aspects of the company's human resources.
• Knowledge of financial risk management: You must have knowledge of financial risk management in order to identify and mitigate potential financial risks for the company.
• Experience managing a team and communicating with people from different background online (email, social media, chat and on the phone)
• Has a PERSONAL COMPUTER and a Good smartphone
• Must be able to hit set targets and deliver under pressure: Delivering your task even under pressure without frowning, getting angry unnecessarily or passing your emotions(Anger e.t.c) to othersures to improve work efficiency and productivity for the CEO and the company
• You can work virtually from home without distraction: No Distraction please
• You're personally self-driven, self motivated and make things happen regardless of the circumstance
• You're disciplined and honestscretion and to maintain confidentiality.
• Ability to work independently and handle projects without the CEO running after you
• Excellent attention to detail, with the ability to maintain a high level of accuracy
• You have a good grasp of how to use WordPress, Canva, Google Drive, Email, Microsoft Office Suite (Words, Excel & PowerPoint), Zoom/Skype & Facebook (in general)
• One-to-many mentality, not just one-to-one VING EXCUSES
• You make things happen without giving excuses
• You are teachable and love correction

Preferred:

• Certified Public Accountant (CPA) designation
• Experience with tax preparation and filing
• Proficiency in accounting software, such as QuickBooks or Xero
• Experience with financial analysis/reporting and strategic thinking
• Knowledge of ecommerce platforms and related financial systems
• Experience with inventory management and supply chain processes
• Ability to work effectively in a fast-paced, dynamic environment.
• Highly proficient in Excel, including pivot tables. Ability to build complex reports from multiple data sources and analyze large volumes of data.

The Pay

• N30,000, N40,000 & upwards of N50,000; commensurate with skills, qualifications and experience..
• We believe that our people are the main drivers of success in Shoppyrex.
• That's why we find generous and innovative ways to thank employees for their hard work and dedication.
• We have a whole host of benefits to help you enjoy work to the full.

Also, Includes The Following Benefits:

• Work remotely: save over N300,000 + per year in transportation costs and 100+ hours each year.
• An opportunity to be part of a highly professional, creative and dynamic team working around the country.
• An unparalleled personal and professional growth where you will learn from the best and grow like nowhere else.
• Unlimited holiday time (as long as you get the job done & meet KPIs)
• Access to hundreds of books, courses, tools and training to help you get better at your job (Budget is allocated that MUST be invested in knowledge & tools)
• Fast-paced, challenging and unique problems to solve every day.
• Opportunity to work with bright minds and grow your career without climbing broken traditional work ladders that leads to no way.

Application Closing Date
10th September, 2023.

Method of Application
Interested and qualified candidates should:
Click here to apply online