Job title: Financial Accountant
Company: Co-Creation Hub
Job description: Company DescriptionCo-creation HUB is the leading pan-African creative and innovation ecosystem enabler. In 2010, we started out as Nigeria’s premier innovation center dedicated to accelerating the application of social capital and technology for economic prosperity in Nigeria. We have since grown our physical presence to five cities (Lagos, Abuja, Kigali, Nairobi and Windhoek) across Africa and we work closely with stakeholders – including entrepreneurs, civil society organizations, government, and private sector – to identify and nurture novel solutions to social challenges in Africa.In 2017, Co-Creation HUB launched Growth Capital in partnership with Omidyar Network, Bank of Industry, and Venture Garden Group to provide early-stage funding for startups driving social change. In February 2019, Co-creation HUB opened a Design Lab in Kigali, Rwanda focused on Research and Development and Human Centered Design to enable innovation for social impact. Our Kigali Centre collaborates with global stakeholders to explore the application of technology to solve Africa’s systemic problems in education, public health, education, governance and our other areas of work. In September 2019, we expanded our footprint by acquiring iHUB in Nairobi, Kenya, strengthening our commitment to supporting entrepreneurs and innovators across the continent. In 2020, we launched CcHUB Syndicate, an investment vehicle designed to improve capital access for startups and bridge the funding gap in Africa’s innovation ecosystem. In 2021, we established the Creative Economy Practice to drive the growth of Africa’s creative economy through innovation and technology application. In 2023, we further expanded our presence by opening Co-creation HUB in Windhoek, Namibia. These expansions have been intentional in contributing to our vision to be Africa’s leading pan-African creative and innovation ecosystem enabler.Since its establishment, CcHUB has supported the development and launch of more than 10,000 innovative technology companies solving social challenges across Africa in areas including budget transparency, agtech, education, fintech, healthcare delivery, creative economy and sustainability.Job DescriptionThe Financial Accountant is responsible for the accurate recording and analysis of financial transactions, ensuring compliance with accounting standards and regulations, and providing critical financial insights to support informed decision-making. This role involves preparing financial statements, managing general ledgers, ensuring timely monthly close of CcHUB subsidiaries. In addition, the post holder will be required to collaborate with various departments/practices, and project managersto ensure good management of the company’s financial resources.Key Responsibilities1. Bank Reconciliation & Expense Management:
- Prepare accurate monthly bank statements reconciliation and financial records.
- Aggregate requisitions from the company’s expense management system (EMS), and upload on the payment platform.
- Monitor and control expenses to maintain fiscal discipline.
2. Financial Reporting:
- Prepare monthly, quarterly, and annual financial statements.
- Ensure timely and accurate monthly close of financial reporting.
- Maintain compliance with accounting standards (IFRS) and regulatory requirements.
3. General Ledger Management:
- Oversee the maintenance of the general ledger.
- Ensure all financial transactions are recorded accurately and timely.
- Perform month-end and year-end close processes.
4. Budgeting and Forecasting:
- Support with the preparation of budgets and financial forecasts where necessary.
- Analyze variances between actuals and budget, providing explanations and insights.
5. Audit and Compliance:
- Provide support to the Group Financial Accountant and external auditors for audit processes.
- Ensure compliance with internal controls, policies, and procedures.
- Implement improvements to financial processes and controls.
6. Accounts Payable and Receivable:
- Manage and oversee the accounts payable and receivable functions.
- Ensure timely processing of invoices and payments.
- Reconcile accounts and resolve discrepancies.
7. Tax Compliance:
- Prepare and file tax returns in compliance with local, state, and federal regulations.
- Maintain current knowledge of tax laws and regulations.
8. Financial Analysis:
- Conduct financial analysis to identify trends, variances, and opportunities for improvement.
- Provide financial insights and recommendations to management.
9. Collaboration and Support:
- Work closely with other departments to gather financial information and supporting documentations for budget tracking where necessary.
- Provide financial support and guidance to various teams within the organization.
- Assist in special projects and initiatives as required.
Qualifications
- Education:
- Bachelor’s degree in Accounting, Finance, or related field.
- CPA or equivalent certification preferred.
- Experience:
- 3-5 years of experience in accounting or finance roles.
- Experience in a similar role within the industry is advantageous.
- Technical Skills:
- Proficiency in accounting software (e.g., QuickBooks or related software).
- Advanced Excel skills (e.g., VLOOKUP, pivot tables).
- Analytical Skills:
- Strong analytical and problem-solving skills.
- Ability to analyze complex financial data and present actionable insights.
- Attention to Detail:
- High level of accuracy and attention to detail.
- Ability to identify and rectify discrepancies in financial records.
- Communication Skills:
- Excellent verbal and written communication skills.
- Ability to explain complex financial information to non-finance audience clearly.
- Organizational Skills:
- Strong organizational and time management skills.
- Ability to manage multiple tasks and meet deadlines.
Personal Attributes
- Integrity: High ethical standards and integrity in professional dealings.
- Initiative: Proactive approach to identifying issues and solving problems.
- Team Player: Ability to work collaboratively with colleagues across the organization.
Additional InformationThis is an onsite role based in our Lagos.
Expected salary:
Location: Lagos, Lagos State
Job date: Sat, 12 Apr 2025 07:51:44 GMT