Domfas International Leadership Academy (Domfas ILA) was founded with the primary goal of transforming learners into leaders – ensuring students develop critical thinking skills, creativity and a flexibility of mind that will benefit them for life. As a true international private school, Domfas leverages a blend of American curriculum and the best of African curriculum to provide students with a unique and well-rounded educational experience.
We are recruiting to fill the position below:
Job Title: Finance and Accounts Officer
Location: Ekiti
Job type: Full time
Position Summary
- The DAPS Finance and Accounts Officer is responsible for managing the school's financial operations, accounting processes, budgeting, financial reporting, and compliance activities.
- The Officer ensures accurate financial record-keeping, efficient management of financial resources, timely processing of transactions, and adherence to established financial policies and procedures.
- The role supports the financial sustainability and operational effectiveness of the school by providing reliable financial information, maintaining strong internal controls, and assisting management in making informed financial decisions.
- The Finance and Accounts Officer serves as a key custodian of the institution's financial integrity and accountability.
Key Responsibilities
Financial Management and Accounting:
- Maintain accurate and up-to-date financial records.
- Process and record all financial transactions in accordance with approved accounting procedures.
- Manage accounts payable and accounts receivable activities.
- Prepare journal entries, ledgers, reconciliations, and financial statements.
- Ensure proper classification and documentation of financial transactions.
- Monitor cash flow and financial activities.
- Support the development and implementation of sound financial management practices.
Budgeting and Financial Planning:
- Assist in the preparation of annual budgets and financial plans.
- Monitor budget implementation and expenditure levels.
- Track departmental spending and budget utilization.
- Prepare budget variance reports and analyses.
- Provide financial information to support strategic planning and decision-making.
- Recommend cost-saving and resource optimization initiatives.
Revenue Management and Fee Administration:
- Manage student fee records and payment tracking systems.
- Monitor tuition fee collections and outstanding balances.
- Generate invoices, receipts, and payment confirmations.
- Prepare reports on student payments and receivables.
- Coordinate with the Admissions and Student Services team regarding enrollment-related financial matters.
- Support the implementation of effective revenue collection processes.
Payroll and Staff Financial Administration:
- Support payroll preparation and salary administration processes.
- Maintain payroll records and staff financial documentation.
- Process staff reimbursements, allowances, and approved benefits.
- Ensure accuracy and confidentiality of payroll information.
- Assist with statutory deductions and remittances.
- Maintain records of employee financial transactions.
Financial Reporting and Analysis:
- Prepare weekly, monthly, termly, and annual financial reports.
- Generate income and expenditure statements.
- Prepare bank reconciliation statements.
- Analyze financial performance and identify trends.
- Provide management with timely and accurate financial information.
- Support financial forecasting and planning activities.
Compliance, Audit, and Internal Controls:
- Ensure compliance with financial policies, accounting standards, and regulatory requirements.
- Maintain effective internal control systems.
- Prepare documentation required for internal and external audits.
- Support audit processes and implementation of audit recommendations.
- Ensure compliance with applicable tax and statutory obligations.
- Maintain proper financial documentation and audit trails.
Procurement and Asset Management Support:
- Support procurement processes and financial review of purchases.
- Verify purchase requests, invoices, and payment documentation.
- Maintain records of school assets and equipment.
- Monitor inventory records and expenditure on supplies.
- Assist in financial evaluation of vendor contracts and service agreements.
- Support asset verification and stock management exercises.
Banking and Cash Management:
- Manage banking transactions and account reconciliations.
- Prepare bank deposits and monitor account activities.
- Maintain petty cash records and controls.
- Ensure proper cash handling and security procedures.
- Monitor cash balances and liquidity requirements.
- Coordinate with financial institutions as required.
Data Management and Record Keeping:
- Maintain organized financial records and filing systems.
- Ensure secure storage and retrieval of financial information.
- Manage accounting databases and financial management systems.
- Prepare financial data for management reporting and regulatory compliance.
- Maintain confidentiality of financial information.
Administrative and Institutional Support:
- Support school events, projects, and operational activities requiring financial oversight.
- Collaborate with administrative and academic departments on budget-related matters.
- Participate in management meetings and planning sessions when required.
- Provide financial guidance and support to departmental managers.
- Perform additional duties assigned by school leadership.
Requirements
Educational Qualification
Applicants must possess any of the following qualifications:
- Bachelor's Degree in Accounting, Finance, Banking and Finance, Economics, Business Administration, Financial Management, or a related field from a recognized institution.
- Higher National Diploma (HND) in Accounting, Finance, Banking and Finance, or a related discipline with relevant professional experience.
- Master's Degree in Accounting, Finance, Business Administration (MBA), Financial Management, or a related field is an added advantage.
Professional Certifications
Professional certifications are highly desirable, including:
- Chartered Accountant (ACA)
- Association of Chartered Certified Accountants (ACCA)
- Certified National Accountant (CNA)
- Institute of Chartered Accountants of Nigeria (ICAN)
- Association of Accounting Technicians (AAT)
- Chartered Institute of Taxation of Nigeria (CITN)
- Relevant financial management certifications
Experience:
- Must have 3–5 years experience in accounting, finance, bookkeeping, auditing, or financial administration.
- Experience working in an educational institution, school, training center, NGO, or similar organization is highly desirable.
- Experience with budgeting, payroll administration, financial reporting, and regulatory compliance.
- Experience using accounting software and financial management systems.
- Demonstrated ability to manage financial records accurately and efficiently.
Required Skills and Competencies:
Financial Management:
- Strong knowledge of accounting principles and financial management practices.
- Ability to prepare and interpret financial statements and reports.
- Knowledge of budgeting, forecasting, and financial analysis.
Accounting and Compliance:
- Understanding of accounting standards and regulatory requirements.
- Knowledge of taxation, payroll administration, and statutory remittances.
- Ability to maintain effective internal controls and audit readiness.
Technology:
- Proficiency in Microsoft Office Suite, especially Microsoft Excel.
- Experience using accounting software such as QuickBooks, Sage, Tally, Zoho Books, or similar systems.
- Ability to manage financial databases and generate reports.
Communication:
- Excellent written and verbal communication skills.
- Ability to present financial information clearly and accurately.
- Strong interpersonal and stakeholder management skills.
Organization and Administration:
- Strong organizational and record-keeping skills.
- High attention to detail and accuracy.
- Ability to manage multiple financial responsibilities and deadlines.
Personal Attributes:
- High level of integrity, honesty, and accountability.
- Strong analytical and problem-solving abilities.
- Professionalism and confidentiality.
- Detail-oriented and highly organized.
- Proactive and results-driven mindset.
- Ability to work independently and collaboratively.
- Commitment to excellence and continuous improvement.