Financial Accountant at IFS Group

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IFS Group, a cleaning and facility management company, is currently recruiting suitable candidates to fill the position below:

Job Title: Financial Accountant
Location: Gbagada, Lagos
Employment Type: Full-time

Job Summary

  • Financial accountant needed to provide Financial Accounting and Financial Reporting, Payroll Management, Inventory Management, Procurement, and Accounts Payable Management, Accounts Receivable and Credit Control, Banking and Financing


  • Financial Accounting
  • Ensure daily posting of all payment vouchers raised and proper classifications of expenses
  • Ensure daily posting of receipts, PO, and all other primary source documents
  • Ensure weekly schedule of cheques raised and cash collected.
  • Ensure weekly and monthly report of payables
  • Enforce weekly job order report
  • Enforce daily petty cash report and posting
  • Enforce weekly reporting on receipts and posting
  • Enforce weekly posting and report of invoices
  • Enforce acknowledged invoice report
  • Establish genuine fixed asset report and generate reports monthly, quarterly and annually
  • Ensure adequate inventory management and regular stock counts at least once a month.

For Branch and Projects Accounts:
Weekly Reports:

  • Report on cash and cheques lodged into accounts
  • Report on payment vouchers raised with supporting documents
  • Petty cash report
  • Invoice schedule for one off jobs.

Monthly Reports:

  • Invoice schedule raised
  • Schedule of receivables outstanding
  • List of payments by clients
  • Stock reports within / outflow and balances

Monthly branch audit and stock counts

  • Updating and reporting month-on-month variations on payroll
  • Generating weekly Accounts Receivables Schedule
  • Generating weekly Accounts Payable Schedule
  • Inventory Management; Stock Counts are conducted monthly
  • Weekly Cashbook – Summary Scheduling

Financial Reporting:

  • Ensure timely financial and statistical reports for management and board use.
  • Ensure integrity of GL
  • Generate and post monthly adjustments
  • Update and reconcile intercompany account
  • Generate monthly, quarterly and annual P&L report
  • Generate monthly, quarterly and annual balance sheet
  • Generate reconciliation of bank statements

Payroll Management:

  • Ensure the deployment and monitoring of attendance using TAMS or other electronic or manual means available for the preparation of payroll
  • Ensure timely and accurate preparation of payroll on or before the 25th day of every month
  • Ensure the timely payment of staff wages and salaries and communication of pay slips from tally or other approved applications to all operational staff

Inventory Management:

  • Establish and ensure a neat organized central store
  • Establish and monitor stock and inventory at all locations
  • Establish bin cards and ensure keep update of all items available
  • Establish and conduct monthly stock counting procedures
  • Establish reorder levels.

Procurement and Accounts Payables Management:

  • Establish an organized procurement process
  • Establish and maintain purchasing pattern for optimal stocking
  • Establish a price list of all items
  • Establish re-ordering levels for all items
  • Establish three optional sources for each item with address and telephone numbers clearly indicated and maintain a database of approved vendors whether suppliers or open market.

Job Reuirements

  • Candidates should possess a Bachelor’s Degree with minimum of 7 years work experience. 

N200,000 monthly.

Application Closing Date
30th November, 2022.

Method of Application
Interested and qualified candidates should send their CV to: using the Job Title as the subject of the mail.


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