Job Summary:
The accounting officer will be responsible for maintaining accurate financial records. The primary focus will be carrying out accounting tasks such as bookkeeping, record keeping, financial analysis, and reporting. This position requires strong
analytical skills, excellent organizational abilities, and a thorough understanding of accounting
principles.
Responsibilities:
1. Be responsible for the collection of school fees and other revenues
2. Maintain accurate and up-to-date financial records for the school, including general ledger entries, accounts payable and receivable, payroll, and budget tracking.
3. Prepare financial reports, statements, and projections for the school administration, board of directors, and relevant stakeholders, ensuring timely and accurate financial information is provided.
4. Monitor and analyze the school's financial transactions, identifying discrepancies, errors, or irregularities, and taking appropriate actions to resolve them.
5. Oversee the school's budgeting process, collaborating with the school administrator and department heads to develop annual budgets and ensure adherence to financial guidelines and constraints.
6. Manage the school's cash flow, including monitoring cash balances, preparing bank reconciliations, and initiating necessary fund transfers to meet operational needs.
7. Process and review invoices, purchase orders, and expense reimbursements, verifying proper documentation, adherence to budgetary guidelines, and compliance with relevant policies and regulations.
8. Coordinate and facilitate the payroll process, ensuring accurate and timely salary disbursements to school staff while maintaining payroll records and complying with tax and labor regulations.
9. Collaborate with external auditors during financial audits or reviews, providing necessary documentation, explanations, and support to ensure compliance and accuracy.
10. Stay updated on relevant accounting standards, laws, and regulations affecting the school's financial operations, and implement necessary changes or adjustments to ensure compliance.
11. Provide financial guidance and support to school administrators and staff, answering inquiries, clarifying financial procedures, and assisting in budget planning and decision-making processes.
12. Conduct periodic financial analysis, highlighting key financial indicators, trends, and areas of concern, and making recommendations for improvement or cost-saving measures.
13. Assist in the preparation and submission of financial reports required by government agencies, educational authorities, or funding organizations, ensuring compliance with reporting deadlines and guidelines.
14. Collaborate with the school's administrative team to develop and implement internal controls, policies, and procedures to safeguard assets, prevent fraud, and ensure financial accountability.
15. Maintain confidentiality and professionalism in handling sensitive financial information and adhere to ethical principles and professional standards in the field of accounting.
Requirements
BSC in accounting or any other related field.
Must have knowledge of Microsoft packages eg. excel, word
Excellent communication and interpersonal skills
Ability to work collaboratively with colleagues and school leadership
Should live within Ejigbo and Oshodi Axis of Lagos state
Working Conditions:
The accounting position is a full-time position.
The accountant will work closely with colleagues and school leadership and may be required to attend meetings outside of regular school hours.
He/she will be answerable to the Managing Director.
Interested applicants should send their CVs to aarestherdivineschoolhr@gmail.com using the position as subject.