JBC BLOG & NETWORK: Senior Accountant at ARM Life Plc

Saturday, December 8, 2018

Senior Accountant at ARM Life Plc

ARM is a leading group of companies situated in Nigeria with branches scattered across the country. ARM Life is the insurance subsidiary of Asset & Resource Management Company Ltd (ARM). Its parent company, ARM is one of the largest non bank financial services firms in Nigeria with a focus on asset management of quoted equities and fixed income securities.

We are recruiting to fill the position below:

Job Title: Senior Accountant

Location: Lagos

Job Objective

Responsible for managing the organization’s financial accounting function, with responsibility for revenue, payments, banking and maintenance of general ledgers.

Duties and Responsibilities

Ensure that payments are made to and/or on behalf of clients, suppliers and other third parties on a timely basis and in accordance with the applicable Service Level Agreement.
Transaction Processing: Ensure that all transactions for the company and on behalf of clients are properly processed and captured in the appropriate accounting codes
Review all general ledger accounts detailing assets, liabilities, and capital. Review all reconciliations of general ledger accounts to applicable sub ledgers, and all inter-company accounts reconciliations.
Review monthly bank account reconciliations for the applicable accounts and ensure that all reconciling items are promptly cleared
Supervise and coordinate all banking activities including prompt banking of all cheques and ensuring that the appropriate cash (local & foreign) is available to meet the company’s needs; Coordinate the opening of bank accounts as required.
Preparation of payroll for staff in accordance with specified timelines and ensuring that staff receive the credit in their accounts. Remit all statutory payroll deductions (PAYE and pensions) to the appropriate authorities within the stipulated timeframe
Ensure the correct treatment of withholding tax and VAT in the accounts and also ensure the prompt remittance to the appropriate authorities to avoid any penalties. Ensure corporate income tax compliance. Dealing with all matters relating to tax queries and audits
Ensure that the company is adequately protected by having in place the necessary insurance policies; coordinating the insurance renewal process and ensuring that the appropriate payments are made
Provides a suitable framework for effective budget monitoring and reporting i.e. variance between actual and projected performance (income and expenditure).
Provides a suitable framework for effective budget reporting.
Provides a suitable framework and format for effective reporting of the performance of the different portfolios, including mutual funds.
Implements the approved procedure for management and reporting of journal entries for the different managed portfolios of the organization.
Implements the approved procedure for management and reporting of journal entries for the different managed portfolios of the organization.
Responsible for partnering with the investment department in the investment of company funds.
Constant review of the expense, revenue and other components of the annual budget to determine the accurate financial position of the organization at all times and for recommending suitable actions.
Constant reviews of the fixed-assets register to ensure that entries are accurate and up-to-date.

Requirements

Minimum of 8 years of work experience
Must be chartered (ICAN , ACCA)
Bachelor Degree from an accredited university
Advanced degree in Finance or Business Management (e.g. MBA, M.Sc Finance e.t.c)
Professional certification in finance and/or accounting from a recognized professional body (e.g. GARP, CFA, CGMA, ACCA, ICAN e.t.c)

Key Competencies

Behavioral: