Accountant at Ascentech Services Limited

Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its Head Office in Lagos, Nigeria. We are committed to forging long-term partnerships with our clients by creating and delivering robust and flexible services that address the changing needs of their business.

We are recruiting to fill the position below:

Job Title: Accountant 

Location: Victoria Island, Lagos
Employment Type: Full-time
Industry: Retail / FMCG / Mass Retail

About the Role

• We’re hiring an Accountant to manage day-to-day accounting, tax compliance, and reporting in a fast-paced, high-volume retail environment similar to Shoprite settings.
• You’ll ensure accurate financial records and full compliance with Nigeria’s latest tax regulations.

Key Responsibilities

• Financial Accounting & Reporting
• Maintain accurate ledgers for sales, purchases, inventory, and expenses in a multi-store setup.
• Prepare monthly management accounts, P&L, balance sheet, and cash flow statements.
• Reconcile bank accounts, intercompany accounts, and supplier/vendor statements.

Tax Compliance – Nigeria Tax Law 2024/2025:

• Handle VAT, WHT, CIT, and PAYE calculations and filings in line with the new Nigeria Tax Law.
• Liaise with FIRS and LIRS on audits, assessments, and tax queries.
• Ensure proper tax invoicing and documentation to support input VAT claims.
• Advise the business on tax implications of new promos, supplier contracts, and transactions.

Retail Operations Accounting:

• Oversee daily POS and cash reconciliation across multiple tills and stores.
• Manage supplier invoicing, GRN matching, and payment processing for high-volume SKU transactions.
• Support inventory costing, stock loss analysis, and shrinkage investigations.
• Work with store ops and supply chain to resolve discrepancies in real-time.

Internal Controls & Audit:

• Enforce financial controls to prevent fraud and leakage in a cash-heavy environment.
• Coordinate internal and external audits, providing schedules and supporting docs.
• Implement process improvements to speed up month-end close.

Requirements

• B.Sc/HND in Accounting, Finance, or related field. ACA/ACCA/CPA in progress or completed is an advantage.
• 4–7 years accounting experience, with minimum 2 years in retail, FMCG, or mass retail like Shoprite, SPAR, or Justrite.
• Hands-on experience with Nigeria’s current tax law: VAT, WHT, CIT, PAYE, and the Finance Act/Tax Reform updates.
• Strong knowledge of Excel, ERP/accounting software
• Experience handling high transaction volumes and tight month-end deadlines.
• Familiarity with retail KPIs: gross margin, shrinkage, stock turn, supplier rebates.

Key Skills:

• Deep understanding of Nigerian tax compliance and reporting
• High attention to detail and accuracy under pressure
• Retail operations and inventory accounting
• Analytical thinking and problem-solving
• Stakeholder management with ops, procurement, and tax authorities.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should forward their CV to: cv@ascentech.com.ng using "Accountant – Victoria Island, Lagos" as the subject of the email.