HEAD OF FINANCE AND ACCOUNT
Posted on :
07-06-2024
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1 Vacancy
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Job Description
Location: Victoria Island Lagos
About Our Client: They are a leading downstream company operating in Victoria Island Lagos committed to delivering topquality products and services to our customers. As part of our expansion we are seeking a highly skilled and experienced Head of Accounts to join our dynamic team.
Key Responsibilities:
- Oversee all aspects of the companys financial accounting reporting and compliance functions.
- Manage the preparation of financial statements budgets forecasts and variance analysis.
- Ensure compliance with regulatory requirements and accounting standards.
- Implement and maintain effective internal controls to safeguard company assets.
- Lead and mentor the finance team to achieve departmental goals and objectives.
- Coordinate with external auditors and oversee the annual audit process.
- Drive process improvements and efficiency initiatives within the finance department.
A) Improvement of the SAGE ERP system integration
- Implementation of the ERP reporting capabilities on Revenue and Business Performance
- Full migration from excel based financial processes into generating reports from SAGE X3
B) Accounting and Financial Reports
- Monthly financial statements including income statement balance sheet and cash flow statement.
- Adequate and timely reporting of Receivables Payables Bank Reconciliation and Inventory
- Maintaining a complete Fixed Asset Register and monthly depreciation calculations within SAGE
- Working capital management to optimize cash flow
- Variance analysis to track budget vs. actual performance.
- Key financial ratios analysis to assess the financial health of the company.
- Quarterly and annual financial reports for stakeholders (Executive Management & Board Committees) to enhance decisionmaking and strategic planning
C) Planning Budgeting and Forecasting
- Annual budget preparation in collaboration with business units and department heads.
- Scenario analysis to assess the impact of different business decisions on financial performance.
- Budgetary Controls and Monthly Variance Analysis of the Annual Work Plan
- Cash Flow Forecast to aid the Board and Management decisionmaking
- Uploading of approved budget into SAGE X3 ERP System
- Budget tracking and reporting of each business units activities
- Monitoring and analyzing budget variances to identify areas for improvement.
D) Other Account/Financerelated services
- Longterm financial planning to support strategic decisionmaking.
- Investment analysis for capital budgeting decisions.
- External Audit coordination
- Coordinate with tax advisors for tax planning audit and reporting e.t.c
- Accounting and Financial Report
Requirements
WHAT YOU WILL HAVE:
- Chartered Accountant qualification is mandatory.
- Previous experience with any of the Big 4 accounting firms or in an organization audited by the Big 4 is highly preferred.with industry experience
- Bachelors degree in Accounting Finance or related field.
- Proven track record of at least 5 years in a senior finance role preferably within the downstream sector.
- Strong knowledge of financial reporting standards taxation and regulatory requirements.
- Excellent leadership communication and interpersonal skills.
- Proficiency in accounting software and Microsoft Office Suite.
Employment Type
Full Time
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