No economy grows without the use of credit and there is no example of any advanced society without the use of credit. Credit at whatever level of sector, if not properly managed could spell doom for an economy. As we are all aware, for the economy to grow to the point of providing desired jobs and wealth creation, there must be credit extension at all levels of industrial and commercial activities. But credit business extended or granted under a sloppy arrangement is an evil worse than an economy driven by a cash-and-carry regime. All over the world, businesses extend credit to each other, but successful management of these credits has been hampered, abused to a large extent following lack of standards, unethical conducts, insider’s abuse resulting to sharp practices in the industry. Evidencing that there is a systematic absence of regulation and protection of relationships between debtors, creditors, and managers of credit. In other countries of the world where economy is driven by credit system, national institutes for credit are in place to regulate, set standards, moderate ethical conducts and build capacity of the people involved in managing, controlling and monitoring credits at all levels of commercial or business credit activities. The incidence that triggered the world economic and financial meltdown in years back stemmed largely from proper attention that was not paid to sound and disciplined credit management system, thus re-enforcing the need for every country to provide necessary safeguards and infrastructures to protect local credit market economy. In order to foster development of credit management in Nigeria and Africa, and to ensure that standards are set based on best practices in professional and ethical conducts, as well as provision of services geared towards enhancing skills and capacity building of those involved in credit functions, the Institute of Credit Administration (ICA) was established as a non-profit organization in 1992 and got its legal status as a body limited by guarantee under the law of Nigeria in year 2002. The institute’s Bill for charter scaled through and was passed into Law at the Nigeria’s Federal House of Representatives in 2009.
- Job Type: Full Time
- Qualification: BA/BSc/HND , MBA/MSc/MA
- Experience: 5 – 10 years
- Location: Lagos
- Job Field: Finance / Accounting / Audit
At the National Institute of Credit Administration (Chartered by Act of parliament No.1018 of 2022), we are looking for a candidate who is experienced enough but not currently working. He or she must be ready to resume work immediately if successful in the interview.
The primary job roles are as stated below:
- Responsible for all accounting matters, banking relations, all PAYE and regulatory tax matters, ensuring that all our Institutions are fully compliant at all times.
- To produce monthly financial statement of affairs of each of the organization. Also, quarterly, half-year and yearly accounts of each of the entities must be produced.
- Be responsible for all the accounts both internal and external
- Responsible for handling banking, tax and payroll management, and all other government related regulatory obligations, every month you must produce statement of affairs, showing revenue and expenditure and balance sheet.
- Responsible for all administrative matters of the listed organizations
- And any other duties that may be assigned to you from time to time by the management or CEO
Requirements and skills
- M.sc, MBA, B.Sc, BA, or HND in Accounting, with professional certification such as ICAN, ACCA
- Age – 35 years and above
- Excellent knowledge of accounting software
- Expected remuneration for this role is N120,000.00 – N150,000.00 (Gross) subject to review based on productivity, loyalty, and professionalism.
Method of Application
Interested and qualified candidates should forward their CV to: [email protected] using the position as subject of email.