Payable Accountant at Mopheth Nigeria Limited

Mopheth Nigeria Limited is a reputable organization charged with the goal of meeting the diverse needs of its growing customers from all walks of life. We began as a community Pharmacy in the year 1997, and through the years we have maintained our standard of being a renowned name in the pharmaceutical industry in Nigeria, however, with respect to our vision consumables, cosmetics, and skincare products, safe water production, grocery essentials, and a variety of baked goods. In addition, our 24-hour availability onsite and online in all our branches has equally ensured our clients can rely on us for immediate service at any hour of the day.

We are recruiting to fill the position below:

Job Title: Payable Accountant

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

Job Description

• We are seeking a detail-oriented and organized Payable Accountant to join our finance team. This role plays a crucial part in ensuring the smooth and accurate processing of accounts payable transactions for our retail and supermarket operations.
• As a Payable Accountant, you will be responsible for managing accounts payable functions in a dynamic retail environment.
• The ideal candidate will have experience in retail accounting, be well-versed in inventory-related transactions, and possess strong organizational and analytical skills.

Job Functions / Responsibilities

• Process and reconcile supplier invoices for both the retail pharmacy and supermarket operations.
• Verify inventory-related transactions, ensuring accuracy in quantity and pricing.
• Collaborate with purchasing and receiving teams to resolve discrepancies in deliveries and invoices.
• Maintain positive relationships with suppliers and vendors to facilitate efficient communication and issue resolution.
• Negotiate payment terms and discounts with vendors to optimize cash flow and reduce costs.
• Regularly communicate with suppliers regarding invoice inquiries and discrepancies.
• Collaborate with the inventory management team to reconcile accounts payable with inventory records.
• Ensure accurate and timely recording of cost of goods sold (COGS) and related accruals.
• Assist in monitoring and controlling inventory levels to minimize stockouts and overstock situations.
• Process weekly payment runs for suppliers, ensuring adherence to payment terms.
• Coordinate with the finance team to optimize cash flow and prioritize payments based on operational needs.
• Reconcile payments made with supplier statements to maintain accurate records.
• Ensure compliance with relevant accounting standards and regulatory requirements for retail operations.
• Prepare periodic reports on accounts payable aging, cash flow, and other relevant metrics.
• Assist in internal and external audits by providing necessary documentation and explanations.
• Any other duties assigned by the Finance Manager

Requirements / Qualifications

• At least 4 years of experience working in an accountants' practice in a commercial and structured environment;
• In a retail or supermarket setting is a plus.
• Fully qualified Accountant with a Bachelor’s Degree in Accounting/Finance;
• Strong experience in dealing with VAT, PAYE, Corporation tax and other such;
• Experienced using Quick Book, Sage, Excel, Word, and other common software;
• Familiarity with inventory accounting and retail-specific transactions.
• Ability to multitask in a fast-paced retail environment.
• Excellent communication and interpersonal skills for effective collaboration.
• Understanding of cost control measures and negotiation skills with suppliers.
• Ability to multitask and prioritize daily workload with minimum supervision
• Exceptional organizational skills and impeccable attention to detail.
• Ability to maintain a high level of integrity and discretion in handling confidential information.
• High level of energy and enthusiasm.

Benefits

• Competitive salary.
• Health Maintenance Organization (HMO) coverage for employee and dependents.
• Pension Plan for long-term financial security.
• Staff discounts on retail pharmacy and supermarket products.
• Opportunities for career growth and development within the company.

Application Closing Date
20th February, 2024.

Method of Application
Interested and qualified candidates should send updated Resumes to: [email protected] using the Job Title as the subject of the mail.