• Application Deadline:
• Position: Head, Financial Reporting


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 8 - 10 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Principal Duties & Responsibilities

Financial Reporting Management

• Prepare and review the quarterly and annual reports (i.e. financial statements, footnotes, MD&A etc.) as well as ensures compliance with all IFRS reporting requirements.


• Develop and maintain a consistent formal process to support financial reporting.


• Maintain a calendar of quarterly deliverables to keep all filings on schedule.


• Ensure compliance regarding internal controls over external financial reporting and technical accounting.


• Work closely with external auditors as related to financial reporting and technical accounting matters.


• Complete all relevant IFRS disclosure checklists and challenges the appropriateness of disclosures.


• Monitor the development and applicability of emerging accounting and reporting rules as related to the potential impact on the company’s financial statements.


• Work collaboratively with managers and controllers, corporate finance team, internal audit, and others with a focus on technical accounting matters and policies.


• Complete, review, and/or oversee the completion of memorandums to document the company’s application of technical accounting matters.


• Work closely with tax team members as their projects relate to technical accounting matters.


• Identify and assess new risk areas that arise as a result of major projects or process changes and changes in accounting guidance and advise management to ensure appropriate application.


• Prepare financial results and regulatory returns for the company


• Prepare monthly accounts and draft control accounts to ensure the balance sheet is complete and the profit and loss are accurate


• Ensure annual regulatory filings along with statutory notes and disclosures


• Support in compiling an annual budget and medium-term plans and quarterly forecasts by partnering with business areas


• Implement improved financial reporting systems and processes. 


• Monitor core controls such as balance sheet reconciliations across the business.


• Ensure accurate and timely financial MI to senior management. 


• Ensure accurate and timely regulatory reporting to relevant authorities. 

 People Management

• Set performance objectives for team members in alignment with the strategic priorities of the company


• Provide guidance to team members and gives timely feedback to ensure continuous improvement in the quality of deliverables


• Motivate team members to maintain a high level of performance and excellent service delivery.

Key Requirements

Education and Work Experience

• Bachelor’s degree in Accounting from a reputable university


• Relevant professional certifications such as Chartered Financial Analyst (CFA), Institute of Chartered Accountants of Nigeria (ICAN), or Association of Chartered Certified Accountants (ACCA) is required.


• Previous relevant experience in insurance is required.


• Minimum of 8-10 years’ experience in financial accounting/reporting role in an Insurance company with a proven track record of outstanding performance

Skills and Competencies 

• In-depth knowledge of Financial Reporting 


• Excellent knowledge of Management Accounting


• Understanding of regulatory compliance 


• Experience in using relevant accounting software 


• Knowledge of tax planning and management 


• In-depth knowledge of International Financial Reporting Standards (IFRS) 


• Excellent Leadership and People Management skills


• Strong Financial and Business Acumen 


• Excellent Strategic thinking skills


• IFRS 17 implementation experience in an insurance company.


• Practical experience in the implementation of accounting system(s) in an Insurance company


• Proven Solvency II experience


• Extensive knowledge of MS Office tools


• Ability to work under pressure.