Accountant (IMTO)

Description

• Our Client, a CBN-licensed International Money Transfer Operator (IMTO) looking for 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 contact for internal and external auditors during annual audits or CBN regulatory examinations.
• Maintain the fixed asset register, prepayments, operating expenses, and general ledger accounts.

What We Are Looking For

• Interested candidates should possess a Bachelor’s Degree with 3 – 5 years of progressive accounting experience within a licensed IMTO, Payment Service Bank (PSB), Commercial Bank, Switching/Processing Fintech, or FX Brokerage in Nigeria
• ACA (Institute of Chartered Accountants of Nigeria - ICAN) or ACCA qualification is mandatory or strongly preferred
• In-depth knowledge of CBN foreign exchange guidelines, cross-border payment rails (SWIFT, ACH, NIBSS Instant Payment - NIP), and ADB clearing mechanisms.
• Sound understanding of Nigerian tax laws (Finance Acts, FIRS rules) and CBN Trade & Exchange circulars.
• Ability to evaluate FX yield spreads, corridor profitability, and liquidity buffers.
• High ethical standards when handling foreign currency and regulatory disclosures.
• Numerical Precision - Keen eye for detail to track fraction-of-a-cent and Kobo-level variances across high-volume transactions
• High emotional intelligence — you manage upwards, sideways, and downwards with equal skill
• Familiarity with the Nigerian financial services and CBN operating environment is desirable.

Application Closing Date
Not Specified.

Interested and qualified candidates should send their cv to: apply@globallinkersltd.com using Accountant (IMTO) as the subject of the email.