Financial Accountant at WTS Energy

Job Summary:

We are in search of an experienced Financial Accountant to be a key player on our team. In this role, you will play a vital part in our journey by leading day-to-day financial operations, ensuring that our finances and financial records are in order. If you are a finance professional, who loves gaming and has a keen eye for detail, you are in for an exciting adventure with us.

Key Responsibilities:

Financial Reporting:

• Produce detailed management reports, including income statements, balance sheets, and cash flow statements, providing critical insights for decision-makers and stakeholders.
• Prepare and present financial reports to executive management, ensuring transparency and informed strategic decisions.

Expense Management:

• Monitor company spending, ensure budgetary controls are adhered to and resources are used productively. You will also oversee putting money-saving strategies into action and making our spending as efficient as possible for our financial stability.

Accounts Reconciliation:

• Carry out the reconciliation of all financial ledgers and bank accounts, proactively addressing discrepancies and maintaining accuracy and completeness of financial records.

Compliance Reporting:

• Prepare and submit regulatory compliance reports to relevant authorities, including the NLRC (National Lottery Regulatory Commission), ensuring our gaming operations meet all legal requirements.
• Ensure regulatory compliance at the federal and state levels, staying updated on evolving regulatory requirements and facilitating the company’s timely compliance.

Tax Management:

• Manage tax planning and compliance, covering income tax, Lottery tax, VAT, and other applicable taxes to uphold our startup’s financial integrity.
• Collaborate with external tax advisors to optimize tax strategies, ensuring our tax liabilities are minimized while adhering to legal requirements.

Cash Management:

• Ensure adequate cash flow and liquidity management by optimizing available resources to meet operational needs and capitalize on investment opportunities.

Audit and Internal Controls:

• Work closely with auditors to complete statutory audits and make sure their recommendations get put into action to protect our financial integrity.
• Set up and maintain strong internal controls to keep the company’s assets safe and make sure we maintain generally acceptable accounting practices in day-to-day operations.

Team Leadership:

• Lead and mentor the finance team, cultivating a culture of excellence, accountability, and continuous professional development, ensuring our finance team is well-prepared to support our startup’s financial success from day one.

Financial Risk Management:

• Develop and implement robust risk mitigation strategies to protect our startup’s financial well-being, proactively identifying and addressing potential risks in preparation for our launch.

Qualifications:

• Bachelor’s degree in accounting or a related field is required.
• ICAN (Institute of Chartered Accountants of Nigeria) or ACCA (Association of Chartered Certified Accountants) membership is essential.
• A master’s degree in finance, accounting, or a related field would be a significant advantage, demonstrating a commitment to continuous learning and professional development.