Accountant Job at Studio24

Studio24 Nigeria is a global company in the photography business. Our Digital imaging solution brand carries on the business of photography, amongst other endeavors and is the owner of the ‘studio 24’ trade mark and brand, with many outlets in several cities across Nigeria. Colvi Limited (Studio24) is dedicated to becoming the ‘Global Leader’ in retail imaging and amongst the top ten brands in the global creative industry (audio, visual and entertainment).

We are recruiting to fill the position below:

Job Position: Accountant

Job Location: Lagos

Job Description

• The Accountant carries out accounting activities, ensuring compliance with generally accepted accounting principles, corporate policies and external audits.
• He/she manages the accounts payable function, payroll function, monthly closing of accounts and preparation of reports in support of the financial statements.

Job Responsibilities

• Professional approach to time, costs and deadlines.
• Manage the monthly financial close process, including ensuring all costs incurred are properly recorded, reviewing journal entries, account balance reconciliations and report preparation.
• Consolidate and interpret financial data from various profit and cost centres (Outlets & subsidiaries) to ensure accurate and timely business information is presented to the management to assist them in decision making.
• Develop and control a centralized accounting system to ensure that accounts are effectively managed
• Produce an operating profit and loss account and balance sheet to produce accurate and timely financial information which meets regulatory and business requirements.
• Participate in the ongoing development/establishment of accounting policies and procedures and operational strategies including the review and implementation of process and system changes.
• Continued focus on improving system efficiencies and business practices.
• Participate in strategic financial projects including upgrades/phase-two implementation of ERP software
• Ensure compliance with internal control policies.
• Collaborate with external auditors to ensure successful audit results and compliance
• Interact at all levels and with budget owners or other stakeholders to produce timely, efficient and accurate month-end close and all internal management and financial reporting through annual report
• Responsible for hierarchy and scalability in chart of accounts and accuracy in the general ledger and financial statements and has ultimate authority over classification and booking of all transactions
• Analyze the effect of statutory accounting practices and studies regulations and guidance to ensure correct application of Generally Accepted Accounting Principles
• Make recommendations for changes as needed and ensure that company policies and procedures are followed and establishes the proper techniques to discover and prevent fraud
• Prepare detailed journal entries and account analyses
• Assist with compilation of information for preparation of tax returns
• Work with Audit, Tax and Treasury Officer to ensure overall coordination of all financial accounting activities through annual report.
• Prepare summary feedback of financial statements variances to budget.
• Actively review and advise on financial/accounting processes.
• Monitor expenditure against budgets and advise Management on any significant variances.
• Prepare year-end accounting and taxation reports to ensure that the company complies with legal and business requirements.
• Prepare the annual budget to for the company and ensure that individual profit and cost centres (Outlets & subsidiaries) have all necessary information for effective budget management.
• Oversee the preparation of statistical returns and financial analysis on a range of topics for internal and external use.
• Oversee the administration of any loans and repayments, including maintaining liaison with brokers and lenders
• Prepare and monitor cash flow projections and associated records to determine the optimum use of funds or the need to raise additional revenue.
• Provide any required advice and guidance on payroll matters to Management and staff.
• Oversee the timely and accurate submission of all statutory returns to the Federal Inland Revenue Service (FIRS) and other government departments.

Job Requirements / Skills

• Candidates should possess a Bachelor's Degree qualification.
• Minimum of 2 years work experience.
• Excellent working knowledge in MS Office.
• Excellent calendar/ time management skills.
• Excellent Interpersonal skills and communication skills.
• Excellent in drafting letters and written communication.
• Interpersonal skills
• Analytical skills
• Computer literacy
• Listening Skills
• Research Skills
• Closing Skills
• Presentation Skills
• Professionalism
• Focused, confident, and observant.
• An understanding of the latest trends and their role within a commercial environment
• Strong interpersonal and networking skills.
• Team working skills.