• Application Deadline:
• Position: Head, Financial Accounting (Downstream)



• Job Type Full Time



• Qualification BA/BSc/HND , MBA/MSc/MA



• Experience 10 years



• Location Lagos




• City Lekki




• Job Field Finance / Accounting / Audit 
  
  

• To ensure accurate reporting of Client’s financial transactions/position and support effective management of the company’s financial resources.


• Develops and maintains a system of financial policies, procedures and controls for efficient financial management 


• Manages bank balances, interest income and expenses 


• Verifies payment requisitions for compliance with laid down controls 


• Develops measures or controls to ensure that all financial transactions are accurately captured and reported  


• Implements measures to ensure that the company’s receivables are effectively monitored and are kept to the minimum 


• Reviews periodic financial reports submitted by relevant departments/units and presents timely reports to Executive Management through the Group Head, Finance 


• Enforces policies and procedures to ensure that the company’s liabilities are minimised and payments promptly settled in line with agreed terms.


• Manages the intercompany accounting process 


• Approves monthly payroll for employees and outsourced personnel/service providers 


• Oversees the preparation of regular financial accounts  


• Performs a monthly preparation of Client’s liquidity position report.                                                            


• Establishes measures that ensure prompt preparation of required reconciliations, reviews reports for accuracy and to ensure that un-cleared and/or outstanding items are investigated.


• Supervises the fixed asset management process.                                                                                      


• Establishes procedures to secure, account for and monitor the acquisition, movement and disposal of fixed assets across the group. 


• Oversees the deduction and remitting of deductibles e.g. Pension Funds, PAYE  


• Computation and remittance of tax liabilities to the appropriate regulatory bodies 


• Coordinates the statutory reporting process and preparation of the Group annual returns 


• Approves accruals and adjustments on erroneously posted financial transactions into the financial system 


• Responds to relevant requests from financial institutions.

Qualifications

• Minimum of 10 years relevant experience, 3 of which must have been in a Management position of an organisation, interfacing with the Executive team and Financial partners


• Minimum of a first degree in Accounting, Finance, Economics or any related discipline


• Relevant professional certifications e.g. Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) or its equivalent


• Experience of statutory financial reporting and knowledge of GAAP, IFRS Desirable:


• MBA or Master’s degree in a related discipline

Skills

• Financial management, accounting, analysis      


• Financial reporting and budgeting      


• Accounts reconciliation      


• Cost and revenue management      


• Payables and debtor / receivables management      


• Fixed asset management      


• Financial modelling and analysis      


• Management accounting 


• Knowledge of relevant ERP Accounting applications e.g. SAP, 


• Oracle 

Competencies

• Communication (Verbal and Written)      


• Leadership       


• Attention to detail      


• Problem solving and analytical      


• Team development and management 

Key Performance Metrics 

Performance Area- Accounts Management

• Performance Measures/Indicators  


• Integrity of physical and electronic accounting information 


• Timely resolution of accounts discrepancies 


• Timely reconciliation of accounts 


• Number of timely losses identified 

Performance Area- Reporting 

Performance Measures/Indicators

• Feedback from external auditors & Regulators 


• Timeliness, completeness and accuracy of  financial reports  


• Level of usage of management reports for decision-making 


• Completeness of fixed assets inventory/register 

Performance Area- Statutory Compliance 

Performance Measures/Indicators

• Number of defaults recorded in payment of Tax, Pension 


• remittance and other statutory payments 


• Ratio of compliance cost to company’s revenue 

Performance Area- Asset and Fund Management 

Performance Measures/Indicators

• Accuracy and  of fixed asset records 


• Effective Monitors of income and expenditure 


• Accuracy of ledgers for accounts – Payables, Receivables etc.