Management Accountant at Velvot Nigeria Limited

Velvot Nigeria Limited is a modern digital transformation firm specializing in business‑critical emerging technology solutions built on Microsoft technologies. As a platform‑neutral partner to Microsoft, Google, and Amazon, we deliver cloud consulting, IT services, cloud migration, and tailored digital solutions to our clients.

We are recruiting to fill the position below:

Job Title: Management Accountant

Location: Surulere, Lagos
Employment Type: Full-time
Department: Finance
Report To: Financial Controller

Job Summary

• The Management Accountant is responsible for providing accurate financial reporting, budgeting, forecasting, cost analysis, and business performance insights to support strategic decision-making.
• The role partners with business units to monitor financial performance, improve profitability, ensure financial controls, and support the delivery of technology projects and managed services.

Key Responsibilities
Financial Reporting:

• Prepare monthly management accounts for subsidiaries and Head office
• Analyze financial results against budget and forecast.
• Produce monthly variance analysis with actionable recommendations.
• Prepare financial dashboards and Key Performance Indicators (KPIs).
• Support month-end and year-end closing activities.

Budgeting and Forecasting:

• Support the annual budgeting process.
• Prepare rolling forecasts and cash flow projections.
• Monitor departmental budgets and spending.

Business Performance Analysis:

• Analyze revenue, gross margin, and profitability by: o Products o Services o Projects o Customers o Business units
• Monitor recurring revenue and subscription performance where applicable.
• Identify cost-saving opportunities and recommend efficiency improvements.

Project & Contract Accounting:

• Monitor project costs against approved budgets.
• Track project profitability and utilization.
• Support pricing analysis for technology solutions and services.
• Review project revenue recognition in accordance with accounting standards.

Cost Management:

• Analyze operating expenses.
• Review vendor contracts from a financial perspective.
• Monitor software licensing costs and infrastructure expenses.
• Support procurement with financial evaluations.

Financial Controls:

• Maintain strong internal controls.
• Ensure compliance with company financial policies.
• Review journal entries and account reconciliations.
• Support external and internal audits.

Business Partnering:

• Work closely with: Sales, Operations, Project Managers, Procurement, Human Resources.
• Provide financial guidance for strategic decisions.
• Assist department heads in understanding financial performance.

Compliance:

• Ensure compliance with applicable accounting standards.
• Support tax reporting and statutory requirements.
• Maintain accurate financial records.

Process Improvement:

• Improve financial reporting processes
• Automate management reports where possible.
• Enhance ERP reporting capabilities (e.g., Microsoft Dynamics, SAP, Oracle).

Qualifications

• Bachelor's Degree in Accounting, Finance, Economics, or related discipline.
• ACA, ACCA, CIMA, part qualification or equivalent professional qualification.
• Minimum of 4–7 years' experience in management accounting or financial analysis.
• Experience in an IT, technology, telecommunications, or professional services environment is an advantage.

Skills & Competencies Technical Skills:

• Management Accounting
• Financial Planning & Analysis (FP&A)
• Budgeting and Forecasting
• Financial Modelling
• Cost Accounting
• Variance Analysis
• Cash Flow Management
• ERP Systems (Microsoft Dynamics 365 preferred)
• Advanced Microsoft Excel
• Power BI or similar reporting tools Personal Skills
• Strong analytical and problem-solving skills

Personal Skills:

• Strong analytical and problem-solving skills
• Excellent communication and presentation abilities
• High attention to detail
• Commercial awareness
• Ability to manage multiple priorities
• Strong business partnering skills
• Integrity and confidentiality

Preferred Experience

• Software implementation projects
• Managed Services
• Cloud solutions
• Microsoft licensing
• SaaS revenue models
• Subscription billing
• Project accounting
• Service profitability analysis
• Revenue recognition for technology contracts
• Cost tracking for implementation and support projects

Expected Deliverables:

• Monthly management accounts
• Budget and forecast reports
• Financial performance dashboards
• Profitability analysis by customer, product, and project
• Cash flow forecasts
• Executive financial presentations
• KPI reports
• Cost optimization recommendations
• Business case evaluations for new investments.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their CV to: career@velvot.com using the job title as the subject of the mail.