Financial Controller

About Bisedge Logistics & Infrastructure

We are a reputable logistics and infrastructure company seeking a skilled Finance Officer to join our team. As a Finance Officer, you will play a crucial role in maintaining accurate financial records, preparing financial reports, and performing various accounting duties.

Job Description

The successful candidate will be responsible for:

• Maintaining systematic and accurate filing of all financial documents and supporting materials within the designated finance folder daily.
• Ensuring vigilant monitoring and management of all receivables and payables, involving active coordination with relevant departments, clients, and vendors to streamline the collection and payment processes.
• Actively engaging in and supporting the successful completion of statutory and regulatory audits by adhering to the established audit planning schedule.
• Any other assignments delegated by the Team leads.

Requirements

To be considered for this role, you must possess:

• BSc or HND in Accounting/Business Administration (any other related courses)
• Professional qualification in ICAN/ACCA – Student membership or Affiliate
• 0 - 3 years' experience in finance and business management related fields
• Proficiency in Ms office and accounting software (D365 preferred)
• Working knowledge of basic accounting standards and the Nigerian tax and other regulations
• Dependability and demonstrated ability to maintain and hold confidential information
• Attention to detail and accuracy
• Ability to work independently and as part of a team
• Good analytical and problem-solving skills
• Strong written and verbal skills
• Demonstrated ability to prioritize efficiently

Key Performance Indicators

The successful candidate will be measured on the following key performance indicators:

• Client Invoicing Efficiency – 40%
• Promptness and Accuracy: Issue invoices to MHE Outsourcing and After Sales clients with 100% accuracy within 24 hours following the receipt of the Good Receipt Note (GRN) or Service Entry Sheet (SES).
• Dispatch and Delivery: Guarantee that all invoices are sent out promptly, using the correct format and medium as specified by each client, ensuring adherence to their individual invoicing protocols.
• Invoice Confirmation: Vigilantly confirm that invoices have been properly received by clients and acknowledged as valid for payment, completing the invoicing cycle effectively.
• Statutory Reporting Compliance – 20%
• PAYE Filing: Systematically organise monthly PAYE filings as part of the annual compliance cycle, ensuring consistent adherence to tax obligations.
• VAT and WHT Management: Efficiently process VAT and WHT remittances, dispatching the necessary details to our tax consultants by the 5th of each subsequent month and finalising filings by the 15th.
• PAYE & Pension Remittances: Execute PAYE and pension remittance schedules promptly, guaranteeing payments are completed within 10 days following the payroll date.
• Audit Support: Provide robust support in gathering documents and information, facilitating the smooth execution of statutory and regulatory audits.
• Financial Reporting and Balance Sheet reconciliation Excellence – 15%
• Deadline Compliance: Submit all financial reports within the established timelines, aiming for a zero-delay record.
• Reconciliation Accuracy: Achieve a 99% accuracy rate in reconciling balance sheet accounts, ensuring all figures match the corresponding documentation and transactions. Complete reconciliations within 7 business days after the end of each reporting period, contributing to prompt financial statement preparation.
• Discrepancy Resolution: Identify and resolve any discrepancies within 24 hours of detection, maintaining the integrity of financial data.
• Account Payables – 10%
• Invoice Verification: Conduct thorough examinations of vendor invoices to ensure accuracy. Promptly communicate with vendors regarding any discrepancies or errors detected.
• Invoice Processing: Efficiently post all approved invoices into the ERP system.
• Payables Tracking: Regularly update the account payables ledger on a weekly basis. Coordinate with the Finance Controller to review and validate the updated tracker.
• Inventory Oversight & Prepayment Accuracy – 10%
• Inventory Reconciliation: Collaborate with the warehouse manager to conduct regular stock counts and reconcile physical inventory with records in the ERP system, ensuring data integrity and accuracy.
• Prepaid Expenses Tracking: Record prepaid expenses meticulously in the ERP to reflect true financial commitments and future cash flows.
• Expense Amortization: Implement a consistent monthly amortization process for expenses in the ERP, ensuring financial statements accurately represent the company's economic activities.
• Innovation & Team Contribution KPI – 5% Contribution
• Strategic Improvement Proposals: Actively identify and propose enhancements to optimise the finance team's operations and the organization's overall performance.
• Team Collaboration: Engage proactively with colleagues, fostering a collaborative environment to drive collective success.