Total E&P Nigeria CPFA Limited is a leading Closed Pension Fund Administrator whose main objective is to manage the Total E&P Nigeria Staff Non-Contributory Pension Fund.
The organisation is currently looking to recruit top talents to join its team and has mandated Workforce Group, a leading HR consulting firm to fill the vacant role below:
Job Title: Accountant
Location: Lagos, Nigeria
Job Scope
- The Job holder is responsible for preparation of the financial statements of the Fund and the Company.
- He/She is also responsible for preparation of the net assets value (NAV) of the Fund on a monthly, quarterly and yearly basis; reconciliations, budgeting, cost control and performance measurement, liaising with external contacts (vendors, auditors, tax authorities), revision and update of all procedure.
Job Responsibility
- Ensures the documentation of transaction processing workflows within Finance and Operations department in standard procedures. Also ensuring that existing procedures are updated and reviewed in line with current practices.
- Prepare monthly depreciation of assets in line with the accounting policies and procedures.
- Prepare monthly amortization of intangible assets in line with the accounting policies in place.
- Maintains proper books of account by ensuring that daily transactions are recorded using both the accounting & investment module of the Fund’s software.
- Preparation of Monthly, Quarterly, and half yearly & annual fund valuation.
- The valuation and updating of fund investment in Private equity & Infrastructural fund.
- Forecasting upcoming payment needs of the Company; providing adept analysis of the bank balance vis-à-vis the forecasted payments to ensure adequate funding by the sponsor and also avoiding idle bank balances.
- Ensuring periodic (i.e. quarterly) cash call reconciliations with Parent Company.
- Ensure that balances held by Parent Company against the company (as represented by debit notes) agrees with Company’s records. Also, identifying any differences that may exist, investigating and resolving them.
- Work with departmental managers to develop and prepare appropriate budget for the Fund & company.
- Participate in the budget approval process by the board of directors.
- Analyse monthly department budgeting and accounting reports to maintain expenditure controls.
- Consult with managers to ensure that budget adjustments are made in accordance with program changes.
- Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
- Seek new ways to improve efficiency and optimize cost – benefit matrix.
- Review operating budgets to analyse trends affecting budget needs.
- Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
- Responsible for the preparation of regular and special budget reports.
- Follow-up compliance with approved budget/cost objectives;
- Perform relevant variance analysis and investigate deviations for recommendation and follow-up;
- Interpret budget directives and establish policies for carrying out directives.
- Compile and analyze accounting records and other data to determine the financial resources required to implement a program.
- Preparation of the financial statements of the Fund and the Company.
- Preparation of the net assets value (NAV) of the Fund on a monthly, quarterly and yearly basis.
Job Requirements
- University Degree in Accounting, Business Admin, Finance or related discipline (Minimum of 2nd class upper).
- ICAN or ACA certification mandatory.
- Minimum 10 years relevant work experience, in accounting or finance.
- Strong analytical and communication skills.
- Good organizational ability as well as ability to multitask.
Application Closing Date
2nd April, 2019.
How to Apply
Interested and qualified candidates should:
Click here to apply online