Financial Reporting Manager at AIICO

Job Overview

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

Additional Details

Job ID
60112
Job Views
143

Job Description



Job Description



  • The Financial Reporting Manager will be responsible for overseeing the preparation, analysis, and submission of financial reports to various stakeholders, including regulatory bodies, senior management, and external auditors.

  • This role requires a strong understanding of accounting principles, excellent attention to detail, and the ability to lead a team in a fast-paced environment.

  • Manages the production of financial reports for a company, including corporate accounting and earnings reports presented to company directors, shareholders, auditors and regulators.

  • Collects data from company financial analysts and accounting staff and presents, analyzes and manages filing of reports.


FUNCTIONS & RESPONSIBILITIES



  • Lead the preparation of financial statements, including income statements, balance sheets, and cash flow statements, in accordance with IFRS standards.

  • Ensure the accuracy, completeness, and consistency of financial data in the reporting process.

  • Collaborate with accounting teams to gather necessary financial information and resolve any discrepancies.

  • Stay current with financial reporting regulations and standards, ensuring compliance with relevant laws and regulations.

  • Prepare and file regulatory reports accurately and on time, addressing any queries or requests from regulatory authorities.

  • Coordinate and manage the annual external audit process, ensuring timely provision of information to auditors and addressing any audit findings or inquiries.

  • Prepare audit schedules, reconciliations, and supporting documentation for audited financial statements.

  • Implement and monitor internal controls related to financial reporting to safeguard the accuracy and integrity of financial data.

  • Identify areas for process improvement and implement best practices to enhance efficiency and accuracy.

  • Analyze financial data to identify trends, patterns, and anomalies, providing insights to senior management for informed decision-making.

  • Collaborate with other finance teams to interpret financial results and explain variances in reporting.

  • Prepare clear and concise financial reports and presentations for senior management and other stakeholders.

  • Interface with other functional areas to ensure reporting integrity and accuracy.

  • Report all findings to management with recommendations for improvement, and upon their approval, implement strategies to induce such change.


COMPETENCY REQUIREMENT



  • Knowledge of industry-standard accounting principles, best practices, and procedures.

  • Proven experience with process documentation of accounting procedures and internal controls in a dynamic environment.

  • Ability to create a cost/expense allocation to appropriately share expenses across various projects, business units, reporting entities.

  • Possess a thorough understanding of the financial reporting and general ledger structure.

  • Knowledge of financial consolidations, eliminations, and segment reporting.

  • Ability to read and interpret accounting rules and guidance as well as perform research and conduct investigations as necessary.


QUALIFICATIONS



  • Bachelor's degree in Finance, Accounting, Economics, or related field; Master's degree or professional certification (ACCA, CFA, CPA, etc.).

  • Minimum of 7 years experience in financial analysis, performance management, or related roles, with at least 2 years in a supervisory or managerial capacity


SKILLS



  • Excellent written and speaking skills including preparation and presentation of verbal and written reports, presentations, and recommendations.

  • Ability to work independently and manage time effectively in order to meet individual goals and deadlines.

  • Excellent time-management, multi-tasking, and prioritizing skills.

  • Establish effective working relationships with others to successfully lead, mentor, coach, and motivate.

  • Demonstration of the highest level of integrity and trust..


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