Account Payable Officer at an Insurance Company - Fosad Consulting Limited

Fosad Consulting Limited - Our client, a reputable firm in the Insurance industry, is recruiting a competent and passionate personnel to fill the position below:

Job Title: Account Payable Officer

Location: Sabo - Yaba, Lagos
Employment Type: Full-time

Job Objective

• Responsible for administering settlement of accounts and recording of transactions in line with the laid down Processes and procedures.

Job Responsibilities
Finance Operations:

• Reconciliation of assigned Custodian Life Current bank accounts and Domiciliary bank accounts with the cashbook. (Within 3 days of the succeeding month)
• Investigation of reconciling items in the bank reconciliation statement
• Raising of all necessary journals including bank charges
• Confederal unit budget compilation
• Reconcile all Corporate division claims paid during the period with technical units.
• Processing all tax returns to the regulatory authorities PAYE, WHT, and VAT and ensuring prompt payment and strict compliance.
• Assist in raising all necessary journals to book new entrants and recognizing monthly annuity payments.
• Assist in preparing all supporting schedules for the monthly management account.
• Ensure proper filling of all processed vouchers.

Others:

• Submit all required reports to the Head, Payables, Credit Control, and Investment as contained in the deliverable’s checklist of payable Units.
• Bi-monthly reconciliation of Bank Statements as allocated.
• Coordinates quarterly compilation of NAICOM’s return.
• Providing the team with Bank Statements Bi-monthly to enable them to carry out Bank reconciliation exercises.
• Any other task as may be assigned by the Head, Payables, Credit Control, and Investment.

Requirements

• Candidates should possess possess OND / HND / B.Sc Degrees with 1 - 2 years relevant work experience.

Salary
N60,000 - N80,000 Monthly.

Application Closing Date
31st October, 2023.