Group Accountant

Job Title: Group Accountant Department: Finance & Accounts

Reports To: Managing Director / Executive Management Net Pay: 700K - 900K

Employment Type: Full-Time

Industry: Hospitality

JOB SUMMARY

The Group Accountant is responsible for overseeing, coordinating and consolidating the financial activities of all business units within the group.

The role ensures that each business maintains accurate financial records, complies with approved financial procedures, controls expenditure, properly accounts for revenue, and submits timely financial reports for management decision-making.

The Group Accountant will provide central financial oversight across the Group, supervise accounting activities at business-unit level, strengthen internal controls, monitor cash flow and expenditure, and ensure that management receives a clear and accurate view of the financial performance of each business and the Group as a whole.

KEY RESPONSIBILITIES

1. Group Financial Management Coordinate accounting and financial reporting activities across all business units. Consolidate financial information from the various businesses into Group-level management reports. Ensure consistent accounting procedures and financial controls across the Group. Review daily, weekly and monthly financial reports submitted by each business. Ensure all income, expenses, assets and liabilities are accurately recorded. Maintain the integrity and completeness of the Group's financial records.

2. Management Accounts & Financial Reporting

Prepare monthly management accounts for each business unit and the consolidated Group. Prepare: o Profit & Loss Statements o Balance Sheets o Cash Flow Statements o Revenue Reports o Expense Reports o Budget Variance Reports o Business Performance Reports Provide financial analysis and interpretation to management.

Highlight unusual financial trends, losses, cost increases and revenue gaps. Ensure all management reports are submitted within approved timelines.

3. Revenue Control & Reconciliation Ensure all business revenue is properly recorded and reconciled. Review daily sales, cash, transfer, POS and other payment-channel reconciliations.

Monitor revenue leakages and investigate discrepancies. Ensure all revenue received is properly accounted for and deposited in accordance with company policy.

Reconcile sales reports against bank settlements and accounting records. Escalate unexplained revenue differences immediately.

4. Expenditure & Cost Control Review and validate expenditure requests before payment processing. Ensure expenses are properly supported by invoices, receipts, approvals and other required documentation. Monitor operational expenses against approved budgets. Identify unnecessary expenditure and recommend cost-control measures. Ensure vendors are paid only for properly verified and approved transactions. Monitor recurring operational costs across the Group.

5. Budgeting & Financial Planning Coordinate the preparation of annual and periodic budgets. Work with Business Managers and Department Heads to develop realistic budgets. Monitor actual financial performance against approved budgets. Prepare monthly budget-versus-actual reports. Identify significant financial variances and recommend corrective action. Support management with financial projections and forecasting.

6. Bank & Cash Management Monitor Group bank accounts and cash positions. Ensure timely bank reconciliations. Review cash movements between business units and Group accounts. Monitor petty cash and operational cash floats. Ensure proper approval and documentation for fund movements. Support management in maintaining healthy operational cash flow.

7. Accounts Payable Review vendor invoices and payment requests. Ensure payments are supported by proper documentation and approvals. Maintain accurate vendor ledgers. Monitor outstanding vendor obligations. Prevent duplicate payments and unauthorized expenditure. Reconcile vendor statements periodically.

8. Accounts Receivable Monitor all outstanding customer and corporate receivables. Maintain accurate debtor records. Follow up on overdue payments. Prepare ageing analysis of receivables. Escalate long-outstanding debts to management. Ensure credit transactions are properly approved and monitored.

9. Inventory & Cost Control Work closely with Inventory, Procurement and Operations teams to ensure proper stock accounting. Review inventory movement and stock valuation reports. Participate in periodic stock counts. Investigate material stock variances. Monitor food cost, beverage cost and other relevant operational cost ratios. Identify stock losses, wastage, unusual consumption or possible financial leakages.

10. Payroll & Staff Financial Obligations Review payroll before final approval. Ensure salaries, deductions, bonuses and approved adjustments are correctly calculated. Maintain proper payroll records. Reconcile payroll expenses with accounting records. Ensure approved statutory deductions are properly accounted for.

11. Internal Control & Compliance Develop and enforce financial policies and procedures across the Group. Ensure adherence to: o Approval limits o Procurement procedures o Expense controls o Cash-handling procedures o Revenue collection procedures o Payment authorization processes Identify control weaknesses and recommend improvements. Ensure proper segregation of financial duties. Support internal and external audit exercises.

12. Tax & Regulatory Compliance Coordinate the preparation and filing of applicable taxes and statutory obligations. Maintain proper documentation for tax and regulatory purposes. Liaise with tax consultants, auditors and regulatory authorities where required. Ensure the businesses remain compliant with applicable financial regulations. Maintain records required for financial and statutory audits.

13. Asset Management & Financial Control Maintain financial oversight of the Group's fixed asset register. Ensure newly acquired assets are properly recorded. Monitor depreciation and disposal of assets. Work with Facility, Inventory and Operations teams to ensure physical assets correspond with accounting records. Ensure asset purchases and disposals are properly approved and documented.

14. Audit & Investigation Support internal financial audits across the businesses. Investigate financial discrepancies, unusual transactions and control breaches. Provide financial evidence and documentation for management investigations where required. Track audit findings and ensure corrective actions are implemented.

15. Team Supervision Supervise Accountants, Cashiers and other finance personnel assigned across the businesses. Review the quality and accuracy of reports produced by finance team members. Set reporting timelines and monitor compliance. Coach and develop junior finance staff. Ensure clear segregation of roles within the finance function. GROUP ACCOUNTING STRUCTURE The Group Accountant provides central financial oversight for the Group and ensures that each business unit operates within the approved financial control framework. While business-unit accountants may handle day-to-day accounting activities, the Group Accountant remains responsible for consolidation, review, financial control and Group-level reporting.

KEY PERFORMANCE INDICATORS (KPIs) Performance will be measured based on: Timeliness of monthly management accounts Accuracy of Group financial reports Bank reconciliation completion rate Revenue reconciliation accuracy Reduction in unexplained financial variances Budget compliance rate Accounts receivable recovery rate Vendor reconciliation accuracy Reduction in duplicate or unauthorized payments Inventory reconciliation accuracy Expense-to-revenue control Audit compliance score Financial reporting compliance across business units Number of unresolved financial discrepancies Accuracy of consolidated Group accounts Timeliness of statutory and tax obligations Compliance with financial approval procedures

QUALIFICATIONS & EXPERIENCE Bachelor's Degree or HND in Accounting, Finance or a related discipline. Professional accounting qualification such as ICAN, ACCA or equivalent is highly desirable.

Minimum of 5 years relevant accounting experience, preferably within hospitality, retail, FMCG, food service or a multi-business environment. Previous experience supervising accounting personnel or managing financial reporting across multiple locations is strongly preferred. Strong understanding of management accounting, financial controls and reconciliation. Good knowledge of Nigerian accounting, tax and financial compliance requirements. Strong proficiency in Microsoft Excel and accounting software. REQUIRED COMPETENCIES Financial Accounting Management Accounting Financial Analysis Budgeting & Forecasting Revenue Reconciliation Cost Control Internal Controls Cash Flow Management Inventory Accounting Audit & Compliance Financial Investigation Attention to Detail Analytical Thinking Leadership Integrity & Confidentiality Problem Solving Reporting & Documentation AUTHORITY & ACCOUNTABILITY The Group Accountant has responsibility to: Query financial transactions that do not meet approved requirements. Reject incomplete payment documentation. Escalate unauthorized or suspicious transactions. Request supporting financial documentation from any business unit. Conduct financial reconciliations and reviews across business units. Recommend improvements to financial processes and controls. Escalate revenue leakages, unusual expenditures and financial control breaches directly to Management.

The Group Accountant must maintain a high level of independence, confidentiality and professional integrity in carrying out these responsibilities.

ROLE EXPECTATION

The Group Accountant is expected to move the Finance function beyond simple record keeping. The role must ensure: Transaction → Documentation → Verification → Reconciliation → Control → Reporting → Analysis → Management Decision. Success in this role will be measured not only by the preparation of accounts, but by the ability to provide Management with reliable financial information, protect company resources, identify leakages, control expenditure and strengthen financial accountability across the Group.

Pay: ₦700,000.00 - ₦900,000.00 per month

Work Location: In person