Finance Officer Job Lifebank (20-25K)

Duties and Responsibilities

Audit

• Determine and detail gaps in process, procedure, and system controls.
• Perform information system audits to manage internal controls and assess risks.
• Assess potential risks, evaluate controls, and conduct compliance testing.
• Facilitate successful internal and external audits by ensuring proper stakeholders engagement, & provision information/ documentation.
• Devise and initiate corrective strategies to improve compliance and reduce tax burden

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Accounting & Reporting

• Prepare monthly reports and annual financial statements for review by management and other stakeholders.
• Deposit & reconcile clients and vendor payments and adjust accounts to reflect changing balances.
• Develop actionable improvements for existing processes and present to management.
• Collaborate with Operations & procurement team to improve procurement and reconciliation processes.
• Prepare and administer Monthly, Quarterly, and Yearly Budgets for overall operations and departments.
• Produce credits sales report and analyze aging to identify targets for basic and advanced collection strategies.
• Oversee accounting needs and maintain all books for Direct Costs and Administrative overheads.
• Prepared statutory annual returns to regulatory agencies.
• Ensure all transactions are posted on Xero with their supporting documents.

Taxation & Compliance

• Managed tax audit exercises by Lagos state internal revenue services and FIRS.
• Prepare periodic VAT & WHT returns to Federal and State internal revenue services.
• Oversee applications for certificates, clearances, licenses, and business permits.
• Ensure timely payment of all taxes and levies.

Payables & Receivables

• Handle the processing and documentation of all approved disbursements.
• Ensure timely issuance of Invoices for all services with necessary supporting documents.
• Prepare monthly statements of accounts for customers.

Support the collection of overdue debts.

• Ensure all customers with overdue invoices sign debt acknowledgement form with detailed payment terms.
• Ensure adherence to the approved company finance policies.
• Carryout periodic follow-ups with customers with outstanding overdue invoices.

Qualifications

• Bachelor’s degree/ HND in Finance, Accounting, or related field.
• Minimum of 3 years of experience in a finance related role, preferably in a similar capacity.
• Strong understanding of financial principles, practices, and regulations.
• Proficiency in Google docs, and accounting software like Xero.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team, with a high level of accuracy and attention to detail.
• Prior experience with receivables management, tax preparation, and audit support is highly desirable.

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How to Apply

How to Apply: Send CV to team@lifebank.ng with Job title as subject of the email.

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