Job Overview

Ayoola Foods is hiring a Senior Accountant / Internal Auditor in Ipaja, Lagos. Apply by 22 August 2026 with 8+ years of accounting experience.

Senior Accountant / Internal Auditor at Ayoola Foods

Location: Ipaja, Lagos, Nigeria
Employment Type: Full-time
Application Deadline: 22 August 2026

Ayoola Foods Limited is looking for an experienced Senior Accountant / Internal Auditor to oversee core accounting activities while helping strengthen financial controls and reporting across its food manufacturing operations.

This is a hands-on finance role for someone who understands that accounting in a manufacturing business involves more than preparing reports. The successful candidate will be expected to work closely with teams such as Production, Warehouse, Sales & Marketing, and Administration to ensure that financial records accurately reflect day-to-day operations.

The role will also involve monitoring cash flow, managing working capital, reviewing inventory records, supporting statutory compliance, and providing management with financial information that can guide practical business decisions. Candidates preparing to apply should make sure their CV clearly demonstrates their accounting experience, manufacturing background, and relevant financial skills. The AfriJobSpace Career Hub also provides practical career resources that can help applicants prepare for job applications.

What the Role Involves

Financial reporting and accounting

The successful candidate will be responsible for maintaining reliable financial records and ensuring that reporting is completed accurately and on schedule. Key duties include:

• Maintaining complete and accurate accounting records in line with company policies and applicable accounting standards.
• Preparing monthly management accounts and other financial reports within agreed deadlines.
• Producing weekly financial summaries and cash flow reports for management review.
• Maintaining the general ledger and ensuring financial transactions are properly recorded.
• Conducting monthly balance sheet reconciliations and resolving discrepancies promptly.
• Preparing annual financial statements and supporting schedules for year-end audits.

Cash flow and working capital

The position will play an important role in helping the business maintain healthy cash flow and manage its working capital effectively. Responsibilities include:

• Monitoring daily cash flow and preparing regular cash flow forecasts.
• Managing accounts receivable and following up on outstanding customer balances.
• Overseeing supplier payments and accounts payable activities.
• Reviewing customer credit positions and recommending appropriate actions when necessary.
• Supporting management initiatives aimed at improving working capital performance.

Inventory and manufacturing cost control

Because the position is based within a manufacturing environment, strong inventory and cost-control skills are particularly important. The role will involve:

• Working with relevant teams to maintain accurate inventory records.
• Overseeing stock reconciliations and investigating inventory variances.
• Supporting product costing and manufacturing cost analysis.
• Participating in periodic physical stock counts and inventory verification exercises.
• Identifying opportunities to strengthen inventory controls and improve stock management processes.

Statutory compliance and audit support

The successful candidate will help ensure that the company’s financial and statutory obligations are handled accurately and on time. This includes:

• Preparing and supporting the timely filing of VAT, PAYE, Withholding Tax, Pension, NSITF, NHF, and other applicable statutory obligations.
• Liaising with external auditors, tax consultants, and relevant regulatory authorities.
• Ensuring compliance with applicable Nigerian financial reporting and tax requirements.
• Maintaining proper financial documentation for audits and regulatory reviews.

Internal controls and process improvement

A key part of the position will be identifying financial risks and improving the systems used to manage them. The successful candidate will:

• Review financial processes and internal controls to identify weaknesses and potential risks.
• Recommend and implement practical improvements that increase efficiency and accuracy.
• Assist in developing finance policies and standard operating procedures.
• Follow up on identified control issues and help ensure that corrective actions are implemented.

Working with teams across the business

Finance plays a central role in understanding how a manufacturing business performs. The person in this role will work with Sales & Marketing, Production, Warehouse, Administration, and Management to:

• Provide financial analysis for operational and commercial decisions.
• Help teams improve cost control, inventory accuracy, and profitability.
• Analyse product profitability, operating costs, and financial trends.
• Provide practical recommendations on cost efficiency and working capital.
• Support budgeting, forecasting, and wider financial planning activities.
• Help management understand the financial impact of operational decisions.

Budgeting and financial planning

The role will also contribute to the company’s planning process by:

• Supporting the preparation of annual budgets and periodic forecasts.
• Monitoring actual performance against approved budgets.
• Investigating significant budget variances and explaining the underlying causes.
• Providing financial analysis to support management and strategic decisions.

How performance will be assessed

Success in the position is expected to be reflected in several areas of the finance function, including:

• Accurate and timely monthly management accounts.
• Timely completion of statutory filings.
• Reliable inventory reconciliations and stock records.
• Effective management of receivables and supplier accounts.
• Accurate and dependable cash flow reporting.
• Fewer financial control weaknesses.
• Positive audit outcomes.
• Continuous improvements in finance processes and reporting quality.

What kind of professional will fit this role?

This position is likely to suit someone who is comfortable working with both financial data and operational teams.

The ideal candidate should be able to maintain strong financial discipline while also understanding the commercial realities of a manufacturing business. They should be comfortable reviewing financial reports, investigating discrepancies, working with teams on operational issues, and explaining financial information in a way that management can use.

Integrity, sound judgement, attention to detail, and the ability to take ownership of issues will be important in this position. The successful candidate should also be willing to question inconsistencies, improve existing processes, and work collaboratively with colleagues across the organisation.

Qualifications and professional background

Education and professional qualifications

Applicants should have:

• A Bachelor’s Degree in Accounting, Finance, or a related discipline.
• ICAN, ACA, or ACCA qualification is preferred, although exceptional relevant experience may be considered.

Essential experience and skills

Candidates should have:

• At least 8 years of accounting experience.
• At least 5 years of experience working in a manufacturing environment.
• Strong experience in inventory accounting and stock reconciliation.
• Experience preparing monthly management accounts.
• A strong understanding of Nigerian tax regulations and statutory compliance.
• Advanced Microsoft Excel skills.
• Experience using accounting software, preferably with exposure to ERP systems.

Additional experience that would be an advantage

The following experience is preferred:

• Production costing and standard costing.
• Supporting external audits and preparing statutory financial statements.
• Working in a multi-site manufacturing or distribution business.
• Budgeting, forecasting, and financial planning.

Personal qualities that matter

The successful candidate should demonstrate:

• High standards of integrity and professionalism.
• A strong sense of ownership and accountability.
• Excellent attention to detail while maintaining awareness of wider business objectives.
• The ability to build effective working relationships across departments.
• A proactive approach to identifying and solving problems.
• Confidence to investigate inconsistencies and raise concerns when necessary.
• The ability to remain organised and composed while working under pressure.
• Clear communication skills, particularly when explaining financial information to non-finance colleagues.
• A willingness to learn and adapt as business needs change.
• Good judgement and discretion when handling confidential financial information.

Application deadline

The closing date for applications is 22 August 2026.

Applicants are encouraged to review the qualifications and experience requirements carefully before submitting their application.

How to apply

Interested and qualified candidates should send their updated CV to careers@ayoolafoodsng.com

Use “Senior Accountant / Internal Auditor” as the subject of the email.

Before sending your application, make sure your CV clearly demonstrates your relevant accounting experience, particularly your background in manufacturing, inventory accounting, financial reporting, statutory compliance, and internal controls.

Candidates who want additional guidance before submitting their application can also explore the AfriJobSpace Career Hub for useful resources on CV preparation, job applications, and career development.

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