Assistant Manager, Finance & Accounts at Infinity Tyres Limited - 5 Openings

Infinity Tyres Limited is a leading distributor and retailer of high-quality tyres, batteries, lubricants, solar panels, UPS inverters, and other automotive products. We provide top-notch tyre servicing, wheel balancing, lubricants, and other related products through our retail outlets. Committed to innovation, customer satisfaction, and growth, we offer opportunities for career development and encourage a thriving team culture.

We are recruiting to fill the position below:

Job Title: Assistant Manager, Finance & Accounts

Job Code: ITL-AMFA-001
Locations: Lagos Island, Adeniyi Jones - Ikeja, Lekki Phase I, Isolo & Apapa - Lagos
Employment Type: Full-time
Department: Finance & Accounts
Reports To: L1: Finance Manager / Accounts Manager; L2: General Manager, Finance, L3 = CFO

Role Summary

• The Assistant Manager, Finance & Accounts will assist the finance department in managing financial operations and reporting.
• The role involves overseeing day-to-day financial transactions, ensuring compliance with Nigerian tax and financial regulations, managing budgets, and contributing to financial planning and analysis.
• This role also focuses on supporting the team in the implementation of financial processes and systems to ensure accurate and timely reporting.

Key Responsibilities and Duties
Financial Reporting - 25%:

• Assist in the preparation and analysis of monthly, quarterly, and annual financial statements.
• Help generate management reports that reflect the company’s financial performance and position.

Accounts Management - 20%:

• Supervise day-to-day financial operations including managing accounts payable and receivable.
• Review and approve payment vouchers, invoices, and receipts.

Cashflow Management - 15%:

• Monitor daily cash flow and manage the company’s working capital.
• Assist in forecasting cash flow needs and ensuring liquidity.

Tax Compliance - 10%:

• Support in ensuring timely filing of tax returns and other statutory filings in compliance with Nigerian tax laws (VAT, PAYE, Withholding Tax, etc.).

Bank & Account Reconciliations - 10%:

• Ensure timely and accurate bank reconciliations.
• Identify and resolve discrepancies in financial records between bank statements and accounting records.

Budgeting & Expense Control - 5%:

• Assist in preparing departmental budgets and monitor actual performance against budgeted figures.
• Support in tracking and controlling company expenses to align with the financial goals and approved budget.

Financial Systems & ERP - 5%:

• Assist with the implementation and maintenance of accounting software and ERP systems to streamline financial operations.

Internal Controls & Compliance - 5%:

• Monitor internal financial controls and ensure compliance with company policies and statutory requirements.

Audit & Documentation - 5%:

• Support internal and external audits by preparing documentation and assisting in audit processes.

Qualifications and Skills
Qualification:

• A Bachelor’s degree in Accounting, Finance, or related field from a recognized Nigerian university.

Preferred:

• ICAN, ACCA, or other professional accounting certification is an advantage.

Experience:

• 3 to 5 years of experience in a finance or accounting role, preferably in a retail, automotive, or distribution environment.

Preferred:

• Experience in managing finance functions in retail finance, specifically in automotive, solar, or energy sectors.

Skills:

• Strong knowledge of accounting principles, VAT, and Nigerian tax laws.
• Familiarity with bank reconciliation and cash flow management.
• Strong organizational and time-management skills.

Preferred:

• Experience in budgeting and managing working capital.
• Strong proficiency in Microsoft Excel, accounting software (QuickBooks, ERP), and data analysis.
• Knowledge of Nigerian tax compliance and experience with VAT and PAYE filing.

Personal Attributes:

• Analytical mindset with strong attention to detail.
• Strong communication skills, able to collaborate effectively across teams.
• Ability to work under pressure and meet deadlines.

Preferred:

• Proactive in identifying issues and providing solutions to financial challenges.
• High ethical standards and a commitment to confidentiality.
• Results-oriented with a focus on continuous improvement.

Application Closing Date
31st January, 2025.