Senior Management Accountant at WTS Energy

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
2 years ago

Additional Details

Job ID
42491
Job Views
89

Job Description



Job Purpose



  • The Senior Management Accountant supports management planning and decision making by providing analysis and reporting on key financial information emanating from business operations, cashflow, income, and expenses.

  • The role also supports cost and revenue optimization by generating and monitoring forecasts, budgets, and risk analysis.


Management Accounting:



  • Maintain documented system of accounting policies and procedures.

  • Improve the company’s accounting operations, especially the control systems, transaction-processing operations, policies and procedures.

  • Forecast cash flow positions and available funds for investment.

  • Ensure sufficiency of funds to meet operational and capital investment requirements.

  • Maintain relationship with company bankers.

  • Maintain payment relationship with the suppliers.

  • Prepare reports on the company’s assets, financial performance, liquidity and main risks.

  • Liaise with other departments to ensure timely preparation and review of financial accounts.

  • Prepare timely, regular management accounts for the company.

  • Prepare consolidated financial statements in accordance with International Financial Reporting Standard (IFRS).


Internal Control & Audit Management:



  • Prepare Management Accounts for financial audit exercise.

  • Coordinate the provision of information to external auditors for annual audit.

  • Review the internal control processes including financial controls for likely submission to external auditors, upon request.

  • Liaise with external auditors for the Prepare By Client (PBC) checklist and provide authorized feedback as necessary.

  • Attend to auditors queries and complaints for immediate resolutions.

  • Update the GL/Control Accounts with the approved audit adjustment journals.

  • Conduct and direct audits and ongoing reviews of organization controls, operating procedures, and compliance with policies and regulations.

  • Prepare Trial Balance with lead schedules for the control account balances for audit purposes.

  • Review and appraise the soundness, effectiveness, and proper application of accounting and financial controls, compliance procedures and controls, and timeliness of documentation generation.


Management of Taxes and Statutory Contributions:



  • Advise on best practice for tax planning with appropriate tax rates full compliance and prevention of sanctions.

  • Obtain information on taxes and statutory contributions from relevant designated authorities to update the internal business processes.

  • Develop a robust policy on tax compliance, deductions, remittances and reporting.

  • Compute accurate taxes (CIT, EDT, WHT, VAT) based on standard rates and basis.

  • Advise with approved memo for taxes payable.

  • Ensure timely filing of tax returns (WHT & VAT) with all relevant authorities to avoid penalties and fines.


Requirements



  • Minimum of 10 years’ experience in accounting, treasury operations or corporate finance

  • Minimum of 3 years in a similar role

  • Audit experience with the big four is an added advantage added.


Benefits



  • NGN 8,000,000 - NGN 11,000,000 / Annum

  • Statutory obligations (Pension, HMO, Group Life)

  • 13th Month

  • Leave Allowance

  • Bonus based on Company’s Performance


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