Global Linkers Limited, on behalf of our client, a CBN-licensed International Money Transfer Operator (IMTO), is recruiting for the position of Accountant (IMTO) in Lagos. This is a full-time role.
Our client is seeking an Accountant to manage cross-border remittance settlements, foreign exchange (FX) gain/loss computations, Nostro/Vostro reconciliations, and strict regulatory reporting mandated by the Central Bank of Nigeria (CBN) and other regulatory bodies.
What You Will Be Doing
Perform daily end-of-day reconciliations of foreign currency inflows received via global remittance partners against Naira payouts executed through domestic Authorised Dealer Banks (ADBs) and clearing networks. Monitor and reconcile Nostro/Vostro accounts, settlement bank accounts, and merchant wallets across multiple currencies (USD, GBP, EUR, NGN). Identify, track, and resolve settlement breaks, uncredited transactions, failed payouts, and transaction reversals. Reconcile partner operator fees, bank charges, and intermediary transfer fees.
Account for FX transactions based on prevailing Nigerian Autonomous Foreign Exchange Market (NAFEM) benchmark rates. Execute journal entries for daily FX gains/losses, position revaluations, and realized margins across inbound foreign currency flows. Monitor liquidity levels across bank settlement accounts to ensure availability of Naira funds for local beneficiary payouts. Manage FX sales executed via the CBN window or Authorised Dealer Banks under CBN liquidity framework directives.
Prepare and submit mandatory daily, weekly, and monthly regulatory returns to the CBN Trade and Exchange Department detailing remittance volumes, sources of foreign exchange, and payout metrics. Collaborate with the Compliance Unit to log and report high-value or suspicious financial transactions in line with CBN AML/CFT/CPF guidelines and NFIU requirements. Ensure strict adherence to the CBN minimum share capital requirements and license maintenance standards for IMTOs.
Compute and file all applicable Nigerian statutory taxes, including Withholding Tax (WHT), Value Added Tax (VAT), and Company Income Tax (CIT) with the Federal Inland Revenue Service (FIRS). Manage monthly state payroll tax deductions (PAYE), pension remittances, and statutory levies (e.g., NSITF, ITF) with relevant State Internal Revenue Services (e.g., LIRS). Prepare monthly management accounts, balance sheet substantiations, and income statements in compliance with International Financial Reporting Standards (IFRS) and local standards. Prepare comprehensive audit schedules and serve as the primary finance
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