Management Accountant at Velvot
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- Management Accountant at Velvot
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Posted: Jun 23, 2026
Deadline: Not specified
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VELVOT Nigeria Limited is a Modern Digital Transformation and Services firm that specializes in providing business-critical technology Solutions with expert advisory that ensure clients success in this digital era. We are at the forefront of digital transformation.
Management Accountant
- Job Type Full Time
- Qualification BA/BSc/HND
- Experience 4 - 7 years
- Location Lagos
- Job Field Finance / Accounting / Audit 
Job Summary
- The Management Accountant is responsible for providing accurate financial reporting, budgeting, forecasting, cost analysis, and business performance insights to support strategic decision-making.
- The role partners with business units to monitor financial performance, improve profitability, ensure financial controls, and support the delivery of technology projects and managed services.
Key Responsibilities
Financial Reporting:- Prepare monthly management accounts for subsidiaries and Head office
- Analyze financial results against budget and forecast.
- Produce monthly variance analysis with actionable recommendations.
- Prepare financial dashboards and Key Performance Indicators (KPIs).
- Support month-end and year-end closing activities.
Budgeting and Forecasting:
- Support the annual budgeting process.
- Prepare rolling forecasts and cash flow projections.
- Monitor departmental budgets and spending.
Business Performance Analysis:
- Analyze revenue, gross margin, and profitability by: o Products o Services o Projects o Customers o Business units
- Monitor recurring revenue and subscription performance where applicable.
- Identify cost-saving opportunities and recommend efficiency improvements.
Project & Contract Accounting:
- Monitor project costs against approved budgets.
- Track project profitability and utilization.
- Support pricing analysis for technology solutions and services.
- Review project revenue recognition in accordance with accounting standards.
Cost Management:
- Analyze operating expenses.
- Review vendor contracts from a financial perspective.
- Monitor software licensing costs and infrastructure expenses.
- Support procurement with financial evaluations.
Financial Controls:
- Maintain strong internal controls.
- Ensure compliance with company financial policies.
- Review journal entries and account reconciliations.
- Support external and internal audits.
Business Partnering:
- Work closely with: Sales, Operations, Project Managers, Procurement, Human Resources.
- Provide financial guidance for strategic decisions.
- Assist department heads in understanding financial performance.
Compliance:
- Ensure compliance with applicable accounting standards.
- Support tax reporting and statutory requirements.
- Maintain accurate financial records.
Process Improvement:
- Improve financial reporting processes
- Automate management reports where possible.
- Enhance ERP reporting capabilities (e.g., Microsoft Dynamics, SAP, Oracle).
Qualifications
- Bachelor's Degree in Accounting, Finance, Economics, or related discipline.
- ACA, ACCA, CIMA, part qualification or equivalent professional qualification.
- Minimum of 4–7 years' experience in management accounting or financial analysis.
- Experience in an IT, technology, telecommunications, or professional services environment is an advantage.
Skills & Competencies Technical Skills:
- Management Accounting
- Financial Planning & Analysis (FP&A)
- Budgeting and Forecasting
- Financial Modelling
- Cost Accounting
- Variance Analysis
- Cash Flow Management
- ERP Systems (Microsoft Dynamics 365 preferred)
- Advanced Microsoft Excel
- Power BI or similar reporting tools Personal Skills
- Strong analytical and problem-solving skills
Personal Skills:
- Strong analytical and problem-solving skills
- Excellent communication and presentation abilities
- High attention to detail
- Commercial awareness
- Ability to manage multiple priorities
- Strong business partnering skills
- Integrity and confidentiality
Preferred Experience
- Software implementation projects
- Managed Services
- Cloud solutions
- Microsoft licensing
- SaaS revenue models
- Subscription billing
- Project accounting
- Service profitability analysis
- Revenue recognition for technology contracts
- Cost tracking for implementation and support projects
Expected Deliverables:
- Monthly management accounts
- Budget and forecast reports
- Financial performance dashboards
- Profitability analysis by customer, product, and project
- Cash flow forecasts
- Executive financial presentations
- KPI reports
- Cost optimization recommendations
- Business case evaluations for new investments.
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