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Account Officer at Vestates Limited

Job Description

Job Functions

The Account Officer is responsible for overseeing financial operations, reporting, controls, and compliance across multiple business lines — 365 (Oil & Gas) and Apex (Hospitality).

This role will have strong financial oversight capabilities, multi-entity accounting experience, and the ability to implement internal controls across diverse industries.

The Account Officer will ensure accurate financial reporting, effective cash flow management, regulatory compliance, and sound financial governance for both businesses.

Key Responsibilities

Financial Operations Oversight (Multi-Business Management):

Oversee daily financial transactions for both 365 and Apex.

Supervise cashiers and finance support staff to ensure accuracy and compliance.

Review and approve daily sales reports, expense postings, and reconciliations.

Ensure proper revenue recognition across both businesses.

Monitor cash flow and liquidity requirements for each business unit.

Coordinate intercompany transactions where applicable.

Accounting & Financial Reporting:

Maintain accurate general ledger records for both business lines.

Prepare monthly, quarterly, and annual financial statements.

Perform bank reconciliations and ensure timely resolution of discrepancies.

Oversee accounts payable and receivable processes.

Prepare management reports highlighting revenue trends, cost drivers, and profitability.

Support external audits and provide required documentation.

Budgeting, Forecasting & Financial Planning:

Assist in preparing annual budgets for 365 and Apex.

Track actual performance against budget and provide variance analysis.

Develop cash flow forecasts and financial projections.

Support strategic decision-making with financial insights and scenario analysis.

Monitor fuel inventory accounting (for 365) and food & beverage cost control (for Apex).

Internal Controls & Risk Management:

Design and implement internal financial controls across both businesses.

Ensure segregation of duties between cash handling, approvals, and reconciliations.

Monitor for fraud risks, leakages, or financial irregularities.

Conduct periodic internal audits of cash, inventory, and financial records.

Strengthen compliance procedures in line with industry best practices.

Cash & Treasury Management:

Oversee all cash handling processes and ensure timely bank deposits.

Monitor POS transactions, transfers, and digital payment systems.

Review daily cash reconciliation reports submitted by cashiers.

Approve payment vouchers and authorize disbursements within delegated limits.

Ensure proper safeguarding of financial assets and instruments.

Regulatory Compliance & Taxation:

Ensure compliance with tax regulations, financial reporting standards, and statutory requirements.

Prepare and file relevant tax returns (VAT, withholding tax, etc.).

Liaise with regulatory bodies, auditors, and tax consultants when necessary.

Ensure proper documentation and retention of financial records.

Leadership & Team Supervision:

Supervise and mentor cashiers and junior finance staff.

Set performance targets and ensure accountability within the finance function.

Train operational teams on financial discipline and documentation standards.

Collaborate with operations managers of both 365 and Apex to improve financial efficiency.

Promote a culture of transparency, accountability, and financial integrity.

Required Qualifications & Skills

Bachelor’s Degree or HND in Accounting, or a related discipline.

Professional accounting qualification such as ICAN, ACCA, or ACA is an added advantage.

Minimum of 3–5 years’ relevant experience in accounting or finance, preferably with experience managing finances across multiple business units or entities.

Experience in multi-entity accounting, preferably across sectors such as Oil & Gas, Hospitality, Retail, or other high-volume transactional businesses.

Demonstrable experience in financial reporting, budgeting, cash management, reconciliations, taxation, and internal controls.

Working knowledge of Nigerian tax regulations, including VAT, Withholding Tax, PAYE, and other applicable statutory obligations.

Experience with accounting software/ERP systems and strong proficiency in Microsoft Excel.

How to apply

Interested and qualified candidates should send their application to:

[email protected]

using "Account Officer" as subject of the email.

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