Main Function
The Assistant Accountant supports the Accountant in managing the organization's financial records, ensuring accuracy, compliance, and timely reporting of financial transactions.
The role involves assisting with bookkeeping, preparing financial reports, handling accounts payable and receivable, and maintaining proper financial documentation.
The Assistant Accountant must be detail-oriented, organized, and capable of working in a fast-paced business environment.
Role Responsibilities
Financial Record Management:
Assist in maintaining accurate and up-to-date financial records.
Record daily financial transactions, including income, expenses, and payments.
Ensure proper filing and documentation of all financial records.
Accounts Payable and Receivable:
Assist in processing invoices and payments promptly.
Monitor accounts receivable and follow up on outstanding payments.
Support reconciliation of vendor and customer accounts.
Financial Reporting:
Assist in preparing monthly, quarterly, and annual financial reports.
Support the preparation of profit and loss statements, balance sheets, and cash flow reports.
Provide necessary financial data for management review.
Budgeting and Cost Control:
Support the preparation and monitoring of budgets.
Track expenses and report any variances.
Assist in implementing cost control measures.
Bank and Cash Management:
Assist in performing bank reconciliations.
Support monitoring of cash flow and daily cash balances.
Maintain petty cash records and ensure accountability.
Tax and Regulatory Compliance:
Assist in ensuring compliance with tax regulations and statutory requirements.
Support preparation of tax filings (VAT, PAYE, etc.).
Maintain proper records for regulatory purposes.
Audit and Internal Control:
Support internal and external audit processes.
Help maintain effective internal control systems.
Identify discrepancies and report issues to the Accountant.
Payroll Support:
Assist in payroll preparation and processing.
Ensure accuracy of salary calculations and deductions.
Documentation and Reporting:
Maintain proper financial documentation and audit trails.
Prepare periodic financial summaries and reports.
Track basic financial performance indicators.
Process Improvement and Efficiency:
Support improvements in accounting processes and systems.
Ensure adherence to best practices in financial management.
Experience / Qualification
Bachelor's Degree or HND in Accounting, Finance, or related field
1 - 3 years of relevant accounting experience (including internships or NYSC)
Professional certification (ICAN, ACCA, or equivalent) is an added advantage
Basic knowledge of financial reporting and bookkeeping
Experience in retail, hospitality, or similar sectors is an added advantage
Competencies / Skills:
Basic knowledge of accounting principles and financial management
Proficiency in Microsoft Office (especially Excel) and accounting software
Good analytical and numerical skills
Strong attention to detail and accuracy
Basic understanding of taxation and compliance
Ability to meet deadlines and work under supervision
Behavioural Qualities / Other Competences:
High level of integrity and accountability
Strong organizational and time management skills
Willingness to learn and grow professionally
Good communication and interpersonal skills
Ability to work both independently and within a team
Disciplined and proactive attitude.