Accountant

Adventure Capital is a venture capital investor focused on accelerating entrepreneurial companies, with activity in consulting and Nigeria's FinTech sector. Known for its involvement in high-growth, early-stage businesses, the firm notably invested in the Nigerian mobility startup Gokada. We are recruiting to fill the position below:

Job Title: Accountant

Location: Lagos

Employment Type: Full-time

About the Role

We are seeking a competent and experienced Accountant to join our team in the power sector. The ideal candidate will have a strong background in financial management, accounting operations, statutory compliance, and financial reporting, preferably within a power generation, energy, engineering, or industrial services company.

Job Summary

The Accountant will be responsible for managing day-to-day accounting operations, maintaining accurate financial records, preparing financial reports, monitoring project and operational costs, and ensuring compliance with applicable accounting standards and tax regulations. The successful candidate must have at least five years of relevant accounting experience and a sound understanding of the financial and operational demands of the power sector.

Key Responsibilities

Financial Accounting and Reporting: Maintain accurate financial records, general ledgers, and supporting accounting schedules. Prepare monthly management accounts, financial statements, and periodic financial reports. Perform bank reconciliations, balance sheet reconciliations, and general ledger reviews. Analyse financial results, identify variances, and provide insights to support management decisions. Ensure proper documentation and classification of all financial transactions. Cost and Project Accounting: Monitor operational expenditure, project costs, and departmental budgets. Track costs associated with equipment procurement, installation, maintenance, repairs, and technical services. Review project-related invoices, purchase orders, work orders, and payment requests for accuracy and proper authorisation. Analyse actual expenditure against budgets and investigate significant cost variances. Support costing, pricing, and profitability analysis for projects and service contracts. Accounts Payable, Receivable and Cash Flow: Manage accounts payable and receivable, ensuring timely processing and settlement of approved transactions. Monitor customer invoices, outstanding balances, collections, and supplier payments. Prepare cash flow reports and support short- and medium-term cash flow forecasting. Verify invoices and supporting documents before processing payments. Maintain accurate records of customer and supplier accounts. Tax and Statutory Compliance: Ensure timely computation, filing, and remittance of applicable taxes, including VAT, withholding tax, and PAYE, as relevant. Maintain accurate records of statutory deductions and payments. Support tax audits, financial audits, and regulatory reviews. Keep abreast of applicable Nigerian tax legislation and accounting requirements. Budgeting, Internal Controls and Audit: Assist in preparing annual budgets, financial forecasts, and expenditure plans. Monitor adherence to approved budgets and internal financial policies. Identify financial control weaknesses and recommend appropriate improvements. Provide supporting schedules and documentation for internal and external audits. Ensure compliance with company policies, accounting standards, and approval procedures. Inventory and Fixed Asset Management: Maintain accurate records of fixed assets, equipment, spare parts, and other inventory items. Support periodic stock counts and fixed asset verification exercises. Ensure appropriate accounting treatment for asset purchases, depreciation, disposals, and repairs. Reconcile physical inventory and asset records with the accounting system.