Job Summary
The Accountant will be responsible for managing financial transactions, inventory accounting, dealership-related financial processes, and statutory compliance within the automobile business operations.
The role supports accurate financial reporting, cost control, and effective monitoring of vehicle, spare parts, and operational expenses to ensure sound financial management across business units.
Key Responsibilities
Financial Accounting & Reporting:
Maintain accurate accounting records in line with company policies and accounting standards.
Prepare monthly management accounts, financial statements, and supporting schedules.
Conduct month-end and year-end closing activities.
Monitor revenue recognition from vehicle sales, spare parts, and service operations.
Analyze financial performance and provide variance explanations.
Inventory & Cost Accounting:
Manage accounting for vehicle inventory, spare parts, and workshop consumables.
Reconcile physical inventory with system records regularly.
Monitor inventory valuation, stock movement, and cost allocation.
Track landed costs, import expenses, and related charges for vehicles and parts.
Investigate inventory discrepancies and recommend corrective actions.
Accounts Payable & Receivable:
Review supplier invoices, vehicle purchase documentation, and payment schedules.
Monitor customer receivables including fleet sales, credit customers, and installment arrangements.
Ensure timely processing of payments and collections.
Reconcile dealer, vendor, and customer accounts periodically.
Bank & Account Reconciliation:
Perform daily and monthly bank reconciliations.
Reconcile inter-branch and intercompany transactions.
Identify and resolve discrepancies promptly.
Taxation & Regulatory Compliance:
Prepare statutory filings including VAT, WHT, PAYE, and other regulatory obligations.
Ensure compliance with Nigerian tax and financial regulations.
Support tax audits and regulatory reviews (FIRS, State IRS, etc.).
Audit & Internal Control:
Support internal and external audit exercises.
Maintain strong financial controls over cash handling, inventory, and payments.
Ensure compliance with company financial policies and approval procedures.
Assist in implementing audit recommendations.
ERP & Reporting:
Post and review transactions within ERP systems (e.g., Microsoft Dynamics 365, SAP, or similar).
Generate operational and financial reports for management decision-making.
Ensure accuracy of financial data captured across branches or dealerships.
Key Performance Indicators (KPIs)
Accuracy of financial and inventory records
Timely month-end closing
Inventory reconciliation accuracy
Compliance with statutory deadlines
Reduction in reconciliation discrepancies
Audit compliance outcomes
Qualifications & Requirements
Bachelor's degree in Accounting, Finance, or related field.
Professional certification (ICAN / ACCA) — completed or in progress preferred.
5 - 7 years of accounting experience, preferably in:
Automobile industry
Manufacturing
Dealership operations
Inventory-driven businesses
Strong understanding of inventory accounting and cost control.
Proficiency in Microsoft Excel and ERP systems.
Knowledge of Nigerian tax regulations and statutory reporting.
Key Competencies:
Strong analytical and reconciliation skills
Inventory and cost accounting expertise
High attention to detail and accuracy
Financial reporting capability
Integrity and confidentiality
Problem-solving mindset
Ability to work under deadlines.