Description
Job ID: 150671BR
Service Line: Finance & Accounting
Job Level: Associate / team member
Contract Type: Permanent
Full Time / Part Time: Full Time
Job Summary
The Finance and Accounts team in KPMG Nigeria is responsible for recording, preparing and presentation of the financial report of the firm’s activities.
The role - Management of all processes associated with accounts payable
Specific Duties and Responsibilities
Maintain a record of all vendors’ invoices and payments
Maintain a record of inter-firm billings and payments
Process all vendors’ payments and staff’ claims in accordance with the firm’s policy
Ensure prompt recording and/or application of payments of accounts payable into the General Ledger, including inter-firm billings
Responsible for monitoring and controlling the accruals system
Maintain record of WHT deductions from Vendors and ensure remittance to the appropriate authorities (LSIR & FIRS)
Responsible for computing WHT on rent and remittance to appropriate authorities
Responsible for monthly reconciliation of accounts payable to the general ledger
Responsible for monthly reconciliation of inter-firm balances to the general ledger
Prepare monthly reconciliation statement for key vendors
Prepare monthly reconciliation statement for key KPMG offices
Maintain appropriate contact with key KPMG offices on inter-firm billings related matters
Maintain appropriate contact with key finance officers on all vendors’ related matters
Provide input on inter-firm billings to the Financial Accountant for IHQ reports
Liaise with procurement units on vendor related matters and resolve all issues
Provide daily accounts payable information for cash management purposes
Backup Arrangement:
The Treasury Accountant will take up all the duties and responsibilities of the Payable Accountant when absent.
Job Requirements
Education:
B.Sc. Accounting or its equivalent (Second-Class Upper Division)
Experience:
2-3 years of relevant experience
Conversant with Vendor management system and best practices
Skills:
Knowledge of Generally Accepted Accounting Principles (GAAP)
Good understanding of local accounting principles
Good Accounting skills
Good understanding of WHT and VAT.
Knowledge of basic information technology/Microsoft office tool
Good organisation skills
Good level of attention to details
Ability to work effectively under pressure.
Good communication and interpersonal skills
Maturity and tact
Key Performance Indicators:
Capturing services not yet paid for 100% through the accrual system
Speed of processing and releasing payments to vendors according to agreed terms
Accuracy of inter-firm payable balances
Accuracy of vendor’s payable balances
Availability of daily accounts payable information not later than 11am of the following day
Availability of monthly reconciliation statement of accounts payable not later than the 20th day of the following month
Availability of monthly reconciliation statement of inter-firm balances not later than the 20th day of the following month
Collection of WHT receipts on Vendors’ payable not later than 2months form date of remittance
Timeliness of resolution of disputed balances by vendors and / or KPMG offices
Accuracy of inter-firm billings into IHQ report
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Job ID: 150672BR
Service Line: Finance & Accounting
Job Level: Associate / team member
Contract Type: Permanent
Full Time / Part Time : Full Time
Job Summary
The Finance and Accounts team in KPMG Nigeria is responsible for recording, preparing and presentation of the financial report of the firm’s activities.
The role – Responsible for all matters relating to cash management and cash disbursements
Specific Duties and Responsibilities
Responsible for monitoring availability of funds, monitoring all bank balances and requesting funds transfers when necessary
Responsible for preparing monthly and revised weekly cash forecasts
Prepare monthly variance analyses of actual cash collection against forecast
Responsible for processing investment of idle funds with banks
Responsible for preparing and maintaining schedule of interests on invested funds
Responsible for maintaining proper records of investment certificates
Liaison with banks on all cash and related matters
Responsible for reviewing cheque vouchers
Supervise daily cash count
Responsible for preparing weekly bank position statement
Calculates and advise on monthly internal exchange rate
Responsible for conducting regular cash audit
Supervise activities of Banking Officer
Backup Arrangement:
The Payables Accountant will take up all the duties and responsibilities of the Treasury Accountant when absent.
Job Requirements
Education:
B.Sc. in Accounting or its equivalent
Should possess ACA cetification
Experience:
3-5 years of relevant experience
Skills:
Strong appreciation of treasury and cash management including cash forecasting, loans, investment, etc
Good appreciation of the Nigerian capital and money markets
Accounting skills
Strong business acumen and ability to recognise and take advantage of opportunities
Strong negotiation and persuading skills
Strong analytical and problem-solving skills
Strong business ethics and high level of integrity
Knowledge of basic information technology/Microsoft office tool
Supervisory skills
Strong communication and interpersonal skills
Strong networking and relationship management skills
Key Performance Indicators
Timeliness and completeness of cash forecast - every second working day of every month for monthly and by 10am of every Monday for the weekly forecast
Timely release of weekly Bank Position – not later than 12noon of following Monday
Fraud-free, error free petty cash management/recording system – zero tolerance
Proactive in advising the Director of Finance to place idle funds
Effective supervision of the Banking Officer measured by zero loss of cash.
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