Reports To: Chief Accountant
Job Summary
The Bank Accountant is responsible for maintaining accurate financial records, monitoring banking transactions, preparing reconciliations, and supporting financial reporting activities.
This role ensures all banking-related accounting entries are properly recorded and comply with internal controls and regulatory requirements.
Responsibilities
Bank Reconciliation:
Daily Transactions: Review and record daily bank transactions, including deposits, withdrawals, transfers, and journal entries.
Reconciliation: Perform bank reconciliations, including matching bank charges and interest with internal records.
Compliance: Ensure compliance with banking regulations and internal control policies.
Prepare the documents required to request bank credit, follow up on credit activation after issuance, and review balances for letters of credit, letters of guarantee, and loans.
Follow up on long-term loan balances, debit interest, loan repayment installments, bank account reconciliations, and prepare journal accounting entries for loans and accrued interest.
Follow up, control, and review bank charges and commissions, ensuring they conform with concluded contracts; analyze findings and report to the direct manager.
Review bank charges and commissions deducted from the company's current account and verify their accuracy according to the agreement with the bank.
Initiate and register e-Form M on the Nigeria Single Window Trade Portal for all import transactions.
Revalue open Accounts Payable (AP) and Accounts Receivable (AR) balances denominated in foreign currencies at month-end.
Calculate and record unrealized foreign exchange gains or losses in the General Ledger.
Competence & Skills Required
General accounting knowledge.
Bachelor's Degree in Accounting, Finance, or a related field with 2 - 3 years experience
Strong technical skills to analyze business transactions.
Strong knowledge of accounting principles and bank reconciliation processes.
Proficiency in Microsoft Excel and SAP.
Solid accounting background.
Strong attention to detail, analytical thinking, and communication skills.
Good computer skills, including MS Windows, intermediate Excel and Word, basic PowerPoint, and SAP experience.