Payable & Treasury Account Officer

Responsibilities:

Accounts Payable Management:

• Review and process vendor invoices for accuracy and compliance with company policies.
• Generate bills for vendors based on Service Receipt Notes (SRN) and Goods Receipt Notes (GRN).
• Maintain an accurate and up-to-date vendor statement of account.
• Ensure all payments are correctly matched against corresponding invoices.
• Process vendor bills within 30 minutes of receipt of GRN/SRN, ensuring 0% error rate.
• Update the payment list daily by 10 AM.

Treasury & Cash Flow Management:

• Monitor and manage company bank accounts to ensure adequate liquidity.
• Prepare daily, weekly, and monthly cash flow reports.
• Reconcile bank statements and vendor payments for accuracy.
• Ensure all payments, including employee advances, are accurately recorded in the ERP system.
• Ensure all petty cash requests are received, processed, and posted against staff ledgers.
• Ensure 100% petty cash retirement by the 28th of each month.

Tax Compliance & Reporting (VAT & WHT):

• Ensure correct VAT and Withholding Tax (WHT) application on vendor bills.
• Prepare and submit VAT & WHT reports by the 2nd of every month.
• Ensure 100% accuracy in VAT & WHT calculations and remittances.

Financial Documentation & ERP Management:

• Maintain accurate records of all transactions in Odoo ERP and offline logbooks.
• Ensure digital copies of invoices, receipts, and approvals are properly filed on SharePoint.
• Support financial audits by providing necessary documentation in a timely manner.

Key Performance Indicators (KPIs):

• Invoice processing time: 30 minutes upon receipt of GRN/SRN.
• Error rate in postings: 0%.
• Daily payment list update: Completed by 10 AM.
• Petty cash management: 100% timely retirement of payments.
• Tax schedule compliance: VAT & WHT reports submitted by the 2nd of every month.

Requirements:

• B.Sc/HND in Accounting, Finance, or a related field.
• Minimum of 2+ years in accounts payable, treasury, or a related role.
• Strong knowledge of accounts payable, cash flow management, and taxation (VAT & WHT).
• Proficiency in Odoo ERP and Microsoft Excel.
• Excellent analytical, problem-solving, and organizational skills.
• Attention to detail and ability to meet tight deadlines.
• Strong communication and teamwork abilities.

Preferred Qualifications:

• Certification in ICAN, ACCA, or other finance-related professional bodies is an advantage.
• Experience working with ERP systems in a structured corporate environment.

Location: Lagos office, with periodic visits to the Factory at Makun

Remuneration: NGN 200,000 – 300,000 Gross