Account Officer at the National Institute of Credit Administration (NICA)

Job Title: Account Officer

Job Role

• Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
• Prepare reports that include the degree of risk involved in extending credit or lending money.
• Prepare a ratio trend and cash flow analyses and create projections.
• Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity.
• Draft models of credit information that predicts trends and patterns.
• Confer with credit association and other business representatives to exchange credit information.
• Complete loan applications, including credit analyses and summaries of loan requests, and submit to loan committees for approval.
• Generate financial ratios, using computer programs, to evaluate customers’ financial status.
• Review individual or commercial customer files to identify and select delinquent accounts for collection.
• Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
• Consult with customers to resolve complaints and verify financial and credit transactions.
• Carefully analyze data and produce clear and objective reports.
• Adequately assist the Head Accountant in handling the operation of the Accounting/Financial department, preparation of financial reports and yearly operating budget to aid management decision making and ensure compliance with regulatory standards.
• Assist the Head Accountant in the reconciliation of bank account statements.
• Assist the Head Accountant in the maintenance of accurate and up-to-date financial records and accounts for the company
• Assist the Head Accountant in the maintenance of the fixed asset records and ensure proper accounting for fixed assets.

Key Duties and Responsibilities

• Carry out general accounting record keeping of payables and receivables
• Preparation of monthly financial reports quarterly, half yearly and yearly financial and budgeting reports of the institute.
• Reversal and corrections of wrong postings and entries
• Posting period Journals (Provisions, Accruals & salary Journals)
• Assist the Head Accountant in the Review of Prepayment Schedule and post Recurring JVs on all Prepayment Balances.
• Ensure that new Prepayments are updated on Excel Prepayment Schedule.
• Ensure that all previous provision & accrual are still relevant while those already settled are released.
• Post recurring entries (each entity should have list of recurring entries
• Assist the Head Accountant in the Preparation of SFP analysis (Vendor, Debtor age analysis & Related Party Transactions)
• Assist the Head Accountant in the Preparation of balance sheet notes
• Make accruals for all services received but not invoiced
• Assist the Head Accountant in the Review & Reconcile Payroll Summary Report to the GL Accounts.
• Assist the Head Accountant in the preparation and submission of Comments on the Net Income Statements for Review
• Carry out all administrative duties in the account department, inclusive but not limited to bank runs, Fuel and stationary purchases, logistics and deliveries of official items, etc.
• Any other duties that may be assigned.

Job Qualifications

• Interested candidates should possess a Bachelor`s Degree in any relevant field with 3-6 years work experience.

Salary
N100,000 – N150,000 monthly.

Application Instructions:

The application deadline is on 18th December, 2024. Therefore, qualified and interested candidates should send their Application to: [email protected]and copy: [email protected] using the job title as the subject of the mail.

Note

• Successful candidate must be ready to resume immediately.
• We expect applications and CVs to come from applicants living in any of these areas in Lagos: Lagos Island, Ikoyi, Victoria Island, Lekki and Ajah axis.

It is important to visit the official website (link found below) for detailed information on how to apply successfully for this vacancy

Website:
Official Job Website: https://www.icanigeria.net/