Accountant at Stanel Group - Domeo Resources International (DRI)

Domeo Resources International - Our client, Stanel Group, is recruiting suitable candidates to fill the position below:

Job Title: Accountant

Location: Awka, Anambra
Reports to: Chief Financial Officer (CFO)

Job Summary

• The Accountant at Stanel Group is responsible for managing and overseeing the company’s financial operations, ensuring accurate record-keeping, financial reporting, cost analysis, and compliance with financial regulations. 
• This role involves tracking and analysing costs related to production, sales, and operational activities, while also providing strategic insights to optimise financial performance. 
• As a key member of the finance team, the Accountant will contribute to the company’s decision-making processes by providing detailed cost reports, identifying cost-saving opportunities, and ensuring the company’s resources are being used efficiently.

Responsibilities
General Accounting Functions:

• Financial Record-Keeping: Accurately prepare and maintain comprehensive financial records, including journals, ledgers, and reconciliations, ensuring they comply with accounting standards.
• Financial Reporting: Prepare monthly, quarterly, and annual financial statements, providing management with clear, insightful reports to support decision-making.
• Transaction Management: Oversee the processing of payments, receipts, and invoices, ensuring accuracy and compliance with company policies.
• Regulatory Compliance: Ensure compliance with tax laws and financial regulations, including VAT, payroll taxes, and corporate tax obligations.
• Audit Support: Assist in the preparation for annual audits by providing necessary documentation and explanations for financial records.

Cost Accounting and Control:

• Cost Tracking and Reporting: Monitor, analyse, and report on costs associated with the company’s production, sales, and operational activities.
• Inventory Costing: Oversee the costing of inventory, ensuring that stock levels are maintained efficiently and that costs are accurately allocated to products and services.
• Cost Optimisation: Identify opportunities for cost savings across operations by conducting detailed cost analysis and proposing actionable strategies to reduce waste and improve efficiency.
• Budgeting and Forecasting: Collaborate with other departments to prepare annual budgets and forecasts, offering detailed cost projections and ensuring adherence to set financial targets.
• Variance Analysis: Regularly review budgeted versus actual costs, identifying significant variances and implementing corrective actions to align actual costs with budget expectations.

Financial Analysis and Strategic Support:

• Data-Driven Insights: Provide the leadership team with actionable financial insights based on cost trends, variances, and market conditions.
• Performance Metrics: Track key performance indicators (KPIs) related to financial performance, including profitability, operational efficiency, and cost ratios.
• Ad-hoc Reporting: Prepare financial analyses on an ad-hoc basis for specific projects or strategic initiatives to help guide operational decisions.
• Cost-Effectiveness: Work with department heads to identify areas where cost reductions can be made without sacrificing quality or operational performance.

Internal Controls and Risk Management:

• Process Improvement: Work to improve internal financial processes and controls, ensuring that financial transactions are recorded accurately and efficiently.
• Risk Assessment: Assess and identify potential risks in financial operations, and implement mitigation strategies to safeguard company assets.
• Compliance Assurance: Ensure that all financial transactions and accounting practices adhere to industry standards and legal requirements.

Tax and Regulatory Compliance:

• Tax Returns: Prepare and file tax returns in a timely and accurate manner, ensuring full compliance with local and national tax regulations.
• Tax Planning: Advise management on potential tax-saving strategies, ensuring that the company remains compliant while minimising tax liabilities.
• Regulatory Reporting: Stay current with changes in financial regulations and ensure that the company’s accounting practices align with new compliance requirements.

Requirements
Education and Certifications:

• A university degree in Accounting, Finance, or a related field.
• Professional certification, such as ICAN (Institute of Chartered Accountants of Nigeria) or ACCA (Association of Chartered Certified Accountants), is highly preferred.

Experience:

• 3-5 years of experience in accounting, with significant exposure to cost accounting in a manufacturing or services environment.
• Proven track record in financial reporting, cost analysis, and financial forecasting.
• Experience in utilising accounting software (e.g., QuickBooks, SAP, Microsoft Dynamics) and advanced proficiency in Microsoft Excel.

Skills:

Analytical and Strategic Thinking:

• Advanced analytical skills, with the ability to extract key insights from financial data to influence business decisions.
• Strong problem-solving capabilities, particularly in areas of cost reduction and financial process improvement.

Attention to Detail and Accuracy:

• High level of accuracy and attention to detail in all aspects of financial record-keeping and reporting.

Financial Planning and Control:

• Expertise in budgeting, forecasting, and managing financial performance.
• Ability to collaborate with other departments to align operational goals with financial performance metrics.

Communication Skills:

• Strong verbal and written communication skills for presenting financial data to management and other stakeholders.
• Ability to communicate complex financial information in a clear and concise manner.

Time Management and Multitasking:

• Ability to prioritise tasks, manage multiple projects, and meet deadlines in a fast-paced environment.
• Strong organisational skills and the capacity to handle large volumes of financial data without sacrificing quality or accuracy.

Knowledge of Accounting Standards:

• In-depth knowledge of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
• Familiarity with tax laws, VAT, and other compliance regulations.

Team Leadership and Collaboration:

• Ability to work both independently and as part of a team, offering leadership when required and contributing to the achievement of team objectives.

Application Closing Date
25th May, 2025.

Method of Application
Interested and qualified candidates should forward their CVs and Cover Letters to: recruitment@domeoresources.org using "Accountant" as the subject of the mail.

Note: Only shortlisted candidates will be contacted.