Job Description
Duties
- A Senior Accountant is basically the bridge between junior accountants and management/CFO. They handle more complex work and also supervise others.
Responsibilities
Core Technical Duties:
- Financial Reporting: Prepare monthly, quarterly, and annual financial statements. Ensure compliance with IFRS and company policies.
- General Ledger Management: Oversee GL entries and reconciliations for bank accounts, accounts receivable, accounts payable, inventory, and fixed assets.
- Budgeting & Forecasting: Assist with annual budgets, variance analysis, and rolling forecasts.
- Audit Support: Coordinate internal and external audits. Provide schedules, documents, and explanations to auditors.
- Tax & Compliance: Prepare and review VAT, PAYE, WHT, and CIT returns. Ensure statutory compliance with FIRS and other regulators.
- Payroll Review: Oversee payroll processing and ensure accurate deductions and remittances.
Supervisory & Leadership Duties:
- Team Management: Supervise junior accountants and accounts officers. Review their work and provide training.
- Process Improvement: Design and improve accounting processes, controls, and standard operating procedures to reduce errors.
- Month-End/Year-End Close: Lead the month-end close process to ensure books are closed accurately and on time.
Advisory & Management Duties:
- Management Reporting: Prepare financial analysis, KPIs, and management reports for directors and heads of department to support decision-making.
- Internal Controls: Implement and monitor internal controls to prevent fraud and ensure accuracy.
- Liaison: Work with other departments, including Procurement, Sales, and HR, on financial matters and resolve discrepancies.
- Special Projects: Handle ad hoc projects such as cost analysis, system implementation, or due diligence.
Requirements
Key Skills Needed:
- Strong knowledge of IFRS, tax laws, and accounting software such as SAP, Oracle, and QuickBooks.
- ICAN or ACCA certification is usually required or preferred.
- Leadership, attention to detail, and analytical skills.
- In short, junior accountants handle recording, while Senior Accountants review, analyze, and report.