Assistant GM- Finance and Accounts
Top Steel Nigeria Ltd
Total years of experience :34 years, 2 Months
Closing books of account and finalisation of Financial Statement.
Liaise with External & Statutory Auditors while conducting audits for evaluating internal control systems/ procedures with a view to highlight the shortcomings and implementing necessary recommendations.
Timely payment of PAYE Tax, VAT and other statutory payment.
Checking and analysis of monthly expense and provisioning of expenses.
Analysis of purchase price variance and production variance.
Product Costing: standard costing determination and evaluation.
Month end closing of books and finalisation of MIS reports, profitability analysis
Closing books of account and finalisation of Financial Statement.
Oversee Commercial Activities. Fund Allocation, Purchase Planning
Liaise with External & Statutory Auditors while conducting audits for evaluating internal control systems/ procedures with a view to highlight the shortcomings and implementing necessary recommendations.
Timely payment of Social Security, VAT.
Preparation of budget and rolling P&L account.
Checking and analysis of monthly expense and provisioning of expenses.
Analysis of purchase price variance and production variance.
Product Costing: standard costing determination and evaluation.
Month end closing of books and finalisation of MIS reports, profitability analysis
• Controller of Plant Accounts
• PF, Excise, VAT, Service Tax, Sales Tax and other statutory requirement.
• Inventory Management
• Fund Management.
• Spearheaded efforts across handling & managing overall accounting operations including preparation of accounts & statements including P&L Account, Balance Sheet at plant level.
Strategically plan & implement the systems, policies & procedures to initiate and control finance, projected towards organizational goals to maximize profitability and generate revenue.
Designing & implementing systems & procedures for the preparation & maintenance of statutory books of accounts, reconciliation statements and financial statements like Trial Balance & Final Accounts.
Spearheaded efforts across handling & managing overall accounting operations including preparation of accounts & statements including P&L Account, Balance Sheet, Cash Flow & Fund Flow Statements.
Design & implement systems & procedures for the preparation & maintenance of statutory books of accounts, reconciliation statements and financial statements.
Ensure adherence to statutory compliances, policies and procedures as per the company’s norms and statutory provisions.
Keeping track of MIS reports to provide feedback to top management on profitability, budgetary control, credit administration etc
Liaise with External & Statutory Auditors while conducting audits for evaluating internal control systems/ procedures with a view to highlight the shortcomings and implementing necessary recommendations.
Handle day to day accounting transactions and maintenance of Receivable/Payable at national level while ensuring adherence to accounting norms within time bound schedules.
Prepared and maintained daily records of raw material and MIS reports to AP & AR including the inventory tracking report, Indent tracking report, Stock report.
Efficiently handed all accounts related activities including Stock & Inventory Control, P.F, E.S.I, Sale & Purchase accounting and preparation of standard cost of material, maintenance of Cost Records, Variance analysis.
Responsible for supervising purchases accounting system and for maintaining close coordination with creditors for collection of overdue payments.
Day to day Banking operation, submission of CMA data to bank.
Maintained various books of accounts and Assist finalization of accounts periodically in compliance with accounting standards and accounts reconciliation.
Liaise with External & Statutory Auditors while conducting audits for evaluating internal control systems/ procedures with a view to highlight the shortcomings and implementing necessary recommendations.
Generate MIS reports on creditors and ensured timely payments to suppliers while managing the distribution system of the company and maintaining smooth operations across the units by handling logistics of Key accounts for customers.
Liaise with the vendors while analyzing and reviewing their billings, the taxation compliances, invoices, agreements, Purchase, Transport, Bills & Travel Expenses Verification & Passing, ensuring timely payments and Inter Branch Entries & Reconciliation.
Manage monthly payroll process for for workmen at Plant, managing the incentive/ reimbursement payout for the organization.
Successfully conducted audits of quotations, pricing and contracts to express an opinion on the financial statements, this included preparation of audit reports with a view to highlight shortcomings and implemented necessary recommendations.