Greensprings School, an international co-educational institute comprising of Primary and Secondary schools situated in both Anthony and Lekki areas of Lagos is requiring a male/female accounting professional with strong analytical skills, I.T skills, good numeracy skills and excellent interpersonal skills to fill in for the position of a Financial Accountant for Anthony Campus.

The responsibilities and essential duties performed on a frequent and recurring basis by the Financial Accountant includes but not limited to the following:

SCHOOL FEES FUNCTION

Direct supervision of Account Receivable in order to provide accurate data for management use
by:
• Ensure timely generation of accurate school bills for all students
• Ensure regular update Students’ Records as and when due
• Responsible for accurate billing summary at the beginning of each term
• Liaising with parents regarding school fee payments.
• Assist in the preparation of installment plans, fee calculations and statements.
• Regular follow up on overdue accounts
• Assist DFA in prompt collection of fees, donations and other approved receivables and
issuance of receipt.
• Ensure timely preparation of report of fees and extract the outstanding fees
• Prepare school fees reconciliation statement on monthly, term & annual basis
• Liaise with school office and provide weekly report on students population
• Any other fee function assigned by DFA

TREASURY FUNCTION
• Preparation of weekly cash flow statements for school fund.
• Preparation of weekly cash receipts schedule.
• Petty Cash Reimbursement Function.
• Bank Imprest Reimbursement Function
• Bank Reconciliation Function - ensure up to date reconciliation
• Monthly review of bank reconciliation and submission of same for approval
• Maintenance of Other School Activities Funds
• Maintenance of the Students Pocket Money Account & maintaining the cash books.
• Any other treasury tasks assigned by DFA

MANAGEMENT FUNCTION:
•Supervise Finance & Accounts Staff and ensure compliance with accounting policies &procedures
• Coordinate Account Reconciliations
• Liaise with Internal Auditors
• Attend to tax & pension matters and follow up on statutory deduction and remittances
• Ensures proper compilation, posting and coding of vouchers
• Assists in preparation of budget for the school by collation school budget data and providing same as input for the cost Accountant
• Analyze and summarize reasons for school’s monthly & annual budget variances.
• Participates in the preparation of consolidated financial reports.
• Manages the supervision and evaluation of assigned employees.
• Provide inputs for development of improved accounting controls and procedures.
• Other tasks as assigned by the DFA


Financial Accounting Functions:
• Reviews & adjust ledgers and subsidiary ledgers including cash receipts fixed assets etc
• Monitors investments
• Generate accurate and timely management reports
• Coordinate consolidated reports
• Liaise with both internal and external Auditors
• Assist in the preparation of consolidated budget
• Analyse and summarize reasons for consolidated budget variances
• Reviewing Journals for accuracy and supporting documents before posting
• Prepare monthly financial report for DFA
• Prepares Head office account reconciliation and monitoring of same for accuracy
• Prepares reconciliation for domiciliary accounts
• Others duties as assigned by the DFA
• Appropriate accounting treatment in line with the provisions of International Financial Reporting Standards (IFRS); As the School’s financial treatment transits from Statement of Accounting Standards(SAS) to IFRS, there’s the need to ensure that transactions are treated timely in line with the provisions of IFRS.
• Inventory management
• Allowances for doubtful debts
• Close the book procedures.
• Preparation of The School’s financial statement in line with the provisions of IFRS.
• A comprehensive review of the School’s existing processes, especial manual in line with the standard
• Regular review of the ability of SAGE accounting software to constantly meet with the needs of the School’s financial records.
• Effective internal audit and controls with specific emphasis on interdependences of controls across departments and impact on financial reporting
Cost Accounting Functions:
• Works with stores to coordinate physical inventory counts and cycle counts
• Ensure accuracy and completeness of monthly inventory valuation reports
• Obtain inventory distribution and ensures accurate allocation of inventory cost to cost centre
• Investigate cycle counting variance and resolves issues
• Review standard and actual cost
• Validate the cost of sales as part of month end close
• Accumulate and apply overhead costs as required by generally accepted accounting principle
• Work with store to locate and dispose obsolete inventory
• Reports on margin by product and division
• Periodic variances analysis
• Analyse capital budgeting requests
• Prepares and analyse costing audits and cost reports

• Tracking of budgetary compliance & watching out for cost overruns
• Collects operational data &analyse reports of forecast OPEX & CAPEX budgets
• Collects &analyse past years data to forecast budget
• Advise management on most appropriate course of action
• All these and other tasks as assigned by the DFA

OTHERS
• Involved in the school day-to-day running expense decisions
• Prepare the school’s financial statements.
• Review of transaction forms before posting to ensure accuracy of coding
• Reviews and adjusts general ledgers and subsidiary ledgers including cash receipts, cash disbursements, and accounts receivable.
• Generates accurate and timely reports for management.

MINIMUM QUALIFICATIONS
B. Sc /H.N.D Accounting, Finance or Economics
M.BA/M.Sc is an Added Advantage

Professional Qualifications
ACA/ACCA/CISA/CFA/IFRS

Relevant Work Experience:
Minimum of 7 years experience as a Financial Accountant

Interested and qualified applicants should please send their CVs to hrdept.anthony@greenspringsschool.com