Senior Accountant at NutriK FZE

NutriK FZE is recruiting an experienced Senior Accountant to oversee its financial accounting operations and ensure the accuracy, completeness and timely closing of its financial records.

Location: Kano, Nigeria
Employment Type: Full Time
Industry: Manufacturing and Production
Experience Required: Approximately 10 years or more
Qualification: Bachelor’s Degree in Accounting, Finance or a related discipline
Professional Qualification: ICAN, ACCA, ACA or advanced stage towards qualification
Salary: Not specified

Job Overview

NutriK FZE is recruiting an experienced Senior Accountant to oversee its financial accounting operations and ensure the accuracy, completeness and timely closing of its financial records.

The successful candidate will take ownership of the General Ledger, month end closing, inventory valuation, manufacturing costing, account reconciliations, balance sheet integrity and supporting financial schedules.

The role requires practical experience in manufacturing accounting, inventory management, ERP systems, financial reporting and Nigerian statutory compliance. The Senior Accountant will also work closely with the Production, Warehouse, Procurement, Supply Chain and Finance teams to ensure that operational transactions are accurately reflected in the company’s financial records.

About NutriK FZE

NutriK FZE is a subsidiary of the Nutriset Group. The company produces and distributes ready to use nutritional products that support the treatment and prevention of malnutrition across Nigeria.

Its products include Ready to Use Therapeutic Food (RUTF), Ready to Use Supplementary Food (RUSF) and Lipid Based Nutrient Supplements (LNS), which support humanitarian and health interventions nationwide.

Key Responsibilities

1. General Ledger and Month End Closing

1. Maintain accurate General Ledger accounts and investigate unusual, aged or unsupported balances.
2. Drive month end closing activities in line with the company’s financial closing calendar.
3. Support the achievement of the company’s D+7 monthly financial close target.
4. Prepare accruals, prepayments, depreciation, provisions, reclassifications and other closing journals.
5. Ensure that profit and loss accounts and balance sheet accounts are fully reconciled.
6. Maintain complete supporting schedules and audit documentation.
7. Prepare and review the Trial Balance before financial statements are issued.

2. Inventory and Manufacturing Accounting

1. Monitor Goods in Transit and support accurate inventory reporting.
2. Review inventory valuation and manufacturing cost calculations.
3. Reconcile raw materials, packaging materials, work in progress and finished goods.
4. Support monthly physical stock counts and investigate inventory variances.
5. Reconcile production output with raw material and packaging consumption.
6. Review Bill of Materials (BOM) consumption and investigate production and cost variances.
7. Ensure finished goods are accurately valued and reflected in the financial statements.
8. Reconcile laboratory stock and spare parts where required.
9. Ensure physical stock balances agree with accounting and ERP records.
10. Support standard costing, cycle counts and inventory variance analysis.

3. Bank, Cash and Treasury Reconciliation

1. Reconcile bank balances with the Trial Balance.
2. Review petty cash and cash on hand balances.
3. Ensure all bank accounts are reconciled promptly.
4. Record bank charges, interest, financing transactions and foreign currency movements accurately.
5. Investigate and resolve unreconciled bank transactions.

4. Accounts Receivable and Accounts Payable

1. Reconcile supplier balances and accounts payable ageing.
2. Review advances, deposits, credit notes and unidentified receipts.
3. Ensure proper reconciliation of purchase orders, goods received notes, supplier invoices and accounting entries.
4. Follow up outstanding balances and unresolved account differences.
5. Reconcile customer accounts and accounts receivable ageing with the General Ledger.
6. Support vendor verification and three way matching of purchase orders, goods received notes and supplier invoices.
7. Support accounts receivable credit control and collection management.

5. Manufacturing Costing and Margin Control

1. Calculate and review product costs.
2. Analyse material usage and manufacturing variances.
3. Identify unusual production or inventory losses.
4. Validate cost of goods sold.
5. Review standard costs against actual production costs.
6. Support product and stock keeping unit profitability analysis.
7. Work closely with Production, Warehouse, Procurement and Supply Chain teams on manufacturing cost matters.

6. Tax and Statutory Compliance

Support the timely preparation and reconciliation of:

1. Corporate Income Tax schedules.
2. Value Added Tax (VAT).
3. Withholding Tax (WHT).
4. Transfer pricing documentation and supporting information.
5. Payroll related statutory liabilities.
6. Other applicable Nigerian statutory tax requirements.
7. Applicable Free Trade Zone accounting and compliance requirements.

7. Foreign Currency and Intercompany Accounting

1. Reconcile foreign supplier balances and group account balances.
2. Manage accounting records involving USD, EUR and NGN transactions.
3. Calculate and record realised and unrealised foreign exchange differences.
4. Perform foreign currency revaluation in line with applicable accounting policies.
5. Handle intercompany reconciliations and group balance confirmations.
6. Apply relevant IAS 21 principles to foreign currency assets and liabilities.

8. ERP and Accounting Data Integrity

1. Ensure operational transactions are accurately transferred into the Finance function.
2. Maintain accurate and timely transaction postings in Odoo ERP.
3. Review General Ledger mappings and relevant accounting configurations.
4. Maintain traceability between source documents, ERP transactions and financial reports.
5. Prevent unsupported manual and off system accounting practices.
6. Maintain controlled Excel and SharePoint schedules where required to support accounting records.

9. Internal Controls and Audit Readiness

1. Follow up audit findings and ensure agreed corrective actions are implemented.
2. Maintain complete and accessible financial records.
3. Prepare supporting schedules requested by management and external auditors.
4. Enforce appropriate segregation of duties across financial processes.
5. Identify accounting control weaknesses and recommend corrective actions.
6. Ensure every material accounting entry has appropriate supporting documentation.
7. Promote reliable financial reporting and the protection of company assets.

Required Qualifications and Experience

Essential Requirements

1. A Bachelor’s Degree in Accounting, Finance or a related discipline.
2. Approximately 10 years or more of relevant accounting experience.
3. Preferably, at least five years of experience in manufacturing, FMCG or food production.
4. A professional accounting qualification such as ICAN, ACCA or ACA, or advanced progress towards qualification.
5. Strong experience using ERP systems.
6. Strong knowledge of Nigerian accounting principles and tax requirements.
7. Advanced Microsoft Excel skills.
8. Strong understanding of International Financial Reporting Standards (IFRS).

Strongly Preferred Experience

1. Practical ERP experience, particularly in accounting and financial operations.
2. Experience handling multi currency transactions.
3. Experience working with external auditors.
4. Experience in food production, pharmaceutical, FMCG or process manufacturing.
5. Strong knowledge of inventory accounting, Bills of Materials and manufacturing costing.

Ideal Candidate Profile

NutriK is looking for a hands on accounting professional who can identify accounting problems, investigate discrepancies, perform reconciliations and ensure timely financial closure.

The ideal candidate should demonstrate:

1. Strong attention to detail and analytical ability.
2. Ability to work with Warehouse, Production, Procurement, Sales and Finance teams.
3. Ability to challenge unsupported accounting balances.
4. Strong ownership of assigned responsibilities and respect for deadlines.
5. High integrity and professional independence.
6. Strong reconciliation and problem solving skills.
7. Ability to work effectively in a demanding manufacturing environment.
8. Willingness to work directly with financial transactions and supporting documents.

How to Apply

Interested and qualified candidates should apply online through the application form below:

Apply for the Senior Accountant Position at NutriK FZE

Application Deadline: Not specified.