Finance & Accounts Officer (LWC05)

Finance & Accounts Officer at Lagos Water Corporation

The Lagos Water Corporation (LWC) is the primary provider of potable and safe water to over 18 million residents of Lagos State, Nigeria. Established in 1910 with the construction of the Iju Waterworks, the Corporation has expanded its operations to meet the increasing demand for clean water. Currently, LWC’s total installed water production capacity stands at 210 million gallons per day (MGD), which is below the required demand. In response, LWC has developed the Lagos Water Supply Master Plan, targeting an increase in production capacity to 745 MGD.

As part of its efforts to strengthen operations and enhance service delivery, LWC is seeking dynamic, highly skilled, and results-driven professionals to fill key positions across multiple departments. If you are passionate about public service, innovation, and making a difference in the water sector, we invite you to apply for the following position.

Job Title: Finance & Accounts Officer

Location: Lagos Water Corporation, Lagos, Nigeria

Employment Type: Full-Time

Grade Level: 08/01 – 08/02

Reports To: Head of Finance and Accounts

Job Summary

Lagos Water Corporation is seeking a skilled and detail-oriented Finance & Accounts Officer to manage the Corporation’s financial operations, including budgeting, accounting, and financial reporting. The ideal candidate will ensure accurate financial records, compliance with regulatory requirements, and efficient financial management to support the Corporation’s mission of providing reliable water services to Lagos State residents.

Key Responsibilities

• Financial Management: Assist in the preparation and implementation of financial plans, ensuring effective management of resources and cost control. Monitor budget performance and provide financial insights to support decision-making.
• Accounting Operations: Maintain accurate and up-to-date financial records, process payments, and reconcile accounts in compliance with financial regulations and corporate policies.
• Financial Reporting: Prepare periodic financial statements, management reports, and budget forecasts. Provide reports on financial performance and recommend corrective measures where necessary.
• Payroll Management: Process employee salaries, deductions, and benefits while ensuring compliance with internal payroll policies and government regulations.
• Tax Compliance: Ensure timely and accurate tax filings, including VAT, PAYE, and other statutory deductions, while keeping updated with relevant tax laws and compliance requirements.
• Internal Controls and Audits: Implement and enforce internal control procedures to safeguard financial assets, prevent fraud, and ensure financial integrity. Assist in internal and external audits by providing necessary documentation and support.
• Stakeholder Collaboration: Work closely with internal and external stakeholders, including financial institutions, regulatory bodies, auditors, and vendors, to ensure smooth financial operations.

Qualifications and Requirements

• HND/B.Sc. in Accounting, Finance, or a related field.
• Professional certification (e.g., ICAN, ANAN, ACCA) is an added advantage.
• Minimum of 3 years of experience in accounting or finance, preferably in the public sector or utility industry.
• Strong knowledge of accounting principles, financial regulations, and tax laws.
• Proficiency in accounting software (e.g., QuickBooks, SAP) and Microsoft Office Suite, particularly Excel.
• Excellent analytical, problem-solving, and organizational skills.
• Strong attention to detail and accuracy.
• Good communication and interpersonal skills.

Key Competencies

• Financial acumen and strategic thinking.
• Strong ethical standards and integrity.
• Ability to work independently and as part of a team.
• Strong time management and multitasking abilities.
• Commitment to continuous improvement and professional development.

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